Companies - News
Investments from the new fund are expected to focus on disruptive technologies that reflect the company’s commitment to lower emissions from oil and gas.
"Investor sentiment in the last year has really, markedly changed. I'd say it's gone from, 'drill, baby, drill,' to 'show me the money,'" says Hess CEO John Hess speaking at the OPEC International Seminar.
Shell committed to the ambitious three-year sale plan following the decision to acquire BG Group in 2015 and the latest announcements bring its total asset sales to around $27 billion.
Amplify Energy Corp. has named Polly Schott as the company’s chief administrative officer, Amplify said on June 19.
Exxon Mobil encountered about 78 m (256 ft) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 5,504 m (18,057 ft) depth in 1,940 m (6,365 ft) of water. The Stena Carron drillship commenced drilling on May 25.
SandRidge's poison pill and executive compensation plan were rejected by shareholders, another victory for activist investor Carl Icahn, who had urged a 'no' vote for both.
Steven P. Harris, who joins Abraxas from Sundance Energy Australia, brings more than 20 years of financial and leadership experience to the company.
Canadian oil and gas producer Baytex Energy said it would buy rival Raging River Exploration for about C$2.8 billion (US$2.13 billion) to expand in the oil-rich Duvernay Field in Alberta.
Paul Geiger, previously with Southwestern Energy, has more than 23 years of experience in oil and gas operations and will now help oversee HighPoint's growing operations in the D-J Basin.
Activist investor Carl Icahn, who had offered to buy SandRidge in April, added two more nominees to his board slate in May, demanding more influence.
Additionally, James Trimble, who recently led Stone Energy as interim CEO and president through the company’s merger with Talos Energy, was appointed as chairman of Crestone’s board.