Companies - News

Exxon Mobil Planning To Double Profit By Combining Exploration Units

Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.

January 31, 2019

Crude Trading Propels Shell’s Fourth-Quarter Results

Shell is the world’s largest oil trader. The trading operations often help oil producers offset large swings in oil prices and in some cases can generate large profits.

January 31, 2019

King & Spalding Adds Alan Noskow As Corporate Partner In D.C.

King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.

January 29, 2019

BP Invests $5 Million In Artificial Intelligence Technology

BP Ventures said Jan. 28 it has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its upstream business.

January 28, 2019

Australia’s Santos Sees Surge In 2019 Production On Quadrant Acquisition

Santos Ltd., Australia’s No. 2 independent gas producer, on Jan. 24 said it expects 2019 production to rise by up to 32% boosted by the acquisition of Quadrant assets.

January 24, 2019

Canadian Producer Crescent Point Cuts 2019 Budget On Oil Price Plunge

Canadian producer Crescent Point Energy cut its 2019 capital budget by 30% compared to last year, blaming the recent decline in oil prices.

January 15, 2019

Halliburton Taps Mark Richard To Replace Jim Brown As Western Hemisphere President

Mark Richard has been promoted as Halliburton’s new president of the Western Hemisphere, replacing Jim Brown who is leaving after more than 20 years with the oilfield services company.

January 14, 2019

Citigroup Reportedly Names Greg Saksida New Head Of Canada Energy Banking

Citigroup has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters.

January 14, 2019

Royale, CRPC Make Gas Discovery In California’s Rio Vista Field

California-based Royale Energy Inc. said its first well drilled as part of a joint venture (JV) with California Resources Production Corp. (CRPC) has hit natural gas in the Rio Vista Field.

January 10, 2019

Enable Midstream Taps Craig Harris For Newly-Established COO Position

Craig Harris will assume the newly established role as COO designed to further strengthen Enable Midstream’s position as a leader in the midstream sector.

January 10, 2019

Williams Promotes Scott Hallam To Oversee Atlantic-Gulf Operating Area

In his new role as senior vice president over the company’s Atlantic-Gulf operating area, Scott Hallam will succeed Frank Ferazzi who is retiring after a decades-long career at Williams.

January 10, 2019

Post Oak Backs Houston-Based Downhole Tools Provider With $50 Million Commitment

Post Oak Energy Capital led a $50 million equity commitment to Prime Downhole Holdings, a Houston-based downhole tools provider formed by CEO Leif Syversenn.

January 9, 2019