Companies - News

Chevron’s Venture Capital Arm Launches $100 Million Fund

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.

10:40 am

Hess CEO: Focus On Returns Now Will Hurt Long-Term US Shale Investment

"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.

10:15 am

Shell Sells $1.3 Billion Of Assets In Norway, Malaysia

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.

June 20, 2018

Amplify Energy Expands Leadership Team

Amplify Energy Corp. has named Polly Schott as the company’s chief administrative officer, Amplify said on June 19.

June 20, 2018

Exxon Mobil Makes Eighth Discovery Offshore Guyana

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.

June 20, 2018

Carl Icahn Gains Control Of SandRidge Board In Proxy Fight

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.

June 19, 2018

Abraxas Hires Steven P. Harris As Director Of Finance, Capital Markets

Steven P. Harris, who joins Abraxas from Sundance Energy Australia, brings more than 20 years of financial and leadership experience to the company.

June 18, 2018

ExxonMobil Considers Importing LNG to Australia

ExxonMobil Corp. (NYSE: XOM), southeastern Australia’s biggest gas supplier, said June 18 it is considering importing LNG to help plug a looming gas shortage from 2021 and protect its market share.

June 18, 2018

Canada's Baytex To Buy Oil Producer Raging River For C$2.8 Billion

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.

June 18, 2018

D-J Operator HighPoint Resources Elects Paul Geiger As COO

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.

June 15, 2018

SandRidge Says Approached By 17 Potential Buyers, Including Carl Icahn

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.

June 15, 2018

Crestone Peak Resources Adds Roger Huang To Executive Team

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.

June 14, 2018