Companies - News
New name will better reflect the company’s presence throughout North America, says CEO Girling.
Chesapeake Energy also revealed that output growth from the Powder River Basin and Eagle Ford Shale has made up for the sale of its Utica assets.
Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.
Husky Energy said the potential sale is being undertaken independent of the outcome of the Calgary, Alberta-based company's proposed acquisition of rival MEG Energy.
Norwegian oil company DNO raised its bid for Britain's Faroe Petroleum after its hostile bid in November as inadequate and "opportunistic."
Royale Energy appointed Johnny Jordan as the Californian oil and gas producer’s next CEO, succeeding Rod Eson who decided to step down to “focus attention on personal business matters.”
Oil and gas producer Occidental Petroleum expects to spend $4.4 billion to $5.3 billion this year, depending on the price of crude oil with the highest scenario using $60 WTI.
Alta Mesa Resources named John C. Regan, a former executive of Vine Oil and Gas LP and Quicksilver Resources Inc., as the pure-play Stack company’s next CFO.
Canyon Capital Advisors has warned it would vote against the sale of Rowan to rival Ensco, casting doubt on a combination that had signaled optimism about the future of offshore exploration.
Oil and gas employment in the Lone Star State fell by 500 jobs in November compared to October, which the Texas Oil & Gas Association said ended a 23-month long consecutive growth.
The Supreme Court's action marked the latest setback for Exxon Mobil in its efforts to halt the Massachusetts investigation and a similar one by New York's attorney general.
Concho Resources, which announced a slew of leadership changes on Jan. 3, promoted Brenda Schroer to CFO and Will Giraud as COO following the retirement of Joe Wright.