Companies - News

DEA, Wintershall Merger Deal Nears 2018 Closing, IPO In 2020

BASF has said the merger will likely close by the end of third-quarter 2018.

8:24 am

Apache Reservoir Engineering EVP Kregg Olson To Retire

Dave Pursell, who recently joined Apache in early 2018, will take over the company's corporate reservoir engineering department.

April 23, 2018

Libya Examines Total's Purchase Of Marathon Waha Stake, Sources Say

Libya had not given the required formal approval to the Total-Marathon deal, meaning it could be blocked, the source added.

April 23, 2018

Baker Hughes Profit Beats On Oilfield Services Growth

Baker Hughes said oilfield services revenue rose 10.1% to $2.64 billion in the quarter, with the company winning major contracts in the Permian Basin and the Gulf of Mexico.

April 20, 2018

Angola Opens Bids For Cobalt's Former Oil Blocks

Development on the blocks offshore Angola had been complicated by a dispute between Sonangol and Cobalt, which until recently was the operator of the blocks and owned a 40% stake in them.

April 20, 2018

Getka Energy Hires Craig Peus As CFO

Getka Energy LLC has appointed Craig Peus as CFO, the company said on April 19.

April 19, 2018

BHP Billiton Says US Shale Exit Going As Planned

BHP reiterated it expected bids for its U.S. shale assets by June and added that transactions could be announced in the first half of the 2019 financial year.

April 19, 2018

Latest Legal Fight Accusing Oil Producers Of Climate Change Launched In Colorado

ExxonMobil spokesman Scott Silvestri called the lawsuit part of a misplaced effort to pin the global phenomenon of climate change on oil producers alone.

April 18, 2018

Seadrill's Bankruptcy Exit Plan Receives US Court Approval

Seadrill aims to expand relations with Schlumberger and other service firms following approval of its multibillion-dollar debt restructuring plan, CEO Anton Dibowitz told Reuters.

April 18, 2018

Venezuela Arrests Two Chevron Employees Amid Oil Industry Purge

Venezuela arrested two Chevron Corp. (NYSE: CVX) executives, the U.S. oil major said on April 17, in what appeared to be the first arrests of a foreign oil company’s direct employees during a purge of alleged graft in the OPEC nation.

April 17, 2018

Range Resources Renews, Extends $4 Billion Credit Facility

Range CFO Roger S. Manny said the renewed and extended credit facility will support the development of the company's assets located in the Marcellus Shale and North Louisiana.

April 17, 2018

Orrick Names James Atkin As Global Co-Head Of Oil, Gas In Tokyo

Orrick has named James Atkin as global co-head of its oil and gas practice based in Tokyo, the company said on April 16.

April 17, 2018