Companies - News

Pioneer Natural Resources To Buy Back $2 Billion Of Shares

Pioneer Natural Resources CEO Timothy Dove said the buyback plan was consistent with the priorities of the  Permian Basin-focused company's 10-year plan.

December 13, 2018

Mexico Flags ‘Delicate’ Pemex Finances, Plans Tight Budget

Addressing lawmakers in a congressional hearing, deputy finance minister Arturo Herrera acknowledged concerns that Pemex risks a credit rating downgrade and said the company would need to be looked after very carefully.

December 13, 2018

Nigeria Files $1.1 Billion Lawsuit Against Shell, Eni Over Oilfield Deal

The Nigerian government filed a $1.1 billion lawsuit against Shell and Eni in a commercial court in London on Dec. 13 in relation to a 2011 oilfield deal involving block OPL 245.

December 13, 2018

Hess Sees Oil Output Growing Driven By Bakken, Offshore Guyana Projects

Hess expects oil output to grow more than 10% per year compounded through 2025, citing higher growth opportunities at its Bakken shale and offshore Guyana projects.

December 12, 2018

DNO Presses On With Faroe Petroleum Takeover Offer Despite Board Rejection

The board of Faroe Petroleum, in which DNO already owns 28%, has said the company was worth substantially more than DNO's takeover bid, first announced on Nov. 26.

December 12, 2018

Summit Midstream Promotes Marc Stratton To Replace Matthew Harrison As CFO

Summit Midstream Partners promoted Marc Stratton to serve as its next CFO after the midstream operator announced Mathew Harrison will be leaving the company to pursue other interests.

December 11, 2018

Chevron Names New Corporate Affairs VP To Navigate ‘Ever-Changing Landscape’

Chevron made several leadership changes on Dec. 10 including naming Dale Walsh as the company’s next vice president of corporate affairs and Navin Mahajan as vice president and treasurer.

December 11, 2018

Cenovus Cuts 2019 Capital Budget By 4%, Raises Production Outlook

Canada’s Cenovus Energy Inc. (NYSE: CVE) said on Dec. 11 it would reduce its capital spending for 2019 by 4% amidst a broader turnaround plan following its highly criticized deal with ConocoPhillips (NYSE: COP).

December 11, 2018

US Solar Developer 8minutenergy In $200 Million Joint Venture

8minutenergy will use the more than $200 million from the JV to develop solar projects throughout the U.S. over the next five years, including in California, Texas and the U.S. Southeast.

December 11, 2018

Marketed: Pacific Coast Energy California Oil Properties

Pacific Coast Energy retained TenOaks Energy Advisors to sell certain operated and nonoperated oil properties located in Santa Barbara and Los Angeles counties in California.

December 10, 2018

Hess, ConocoPhillips Raise 2019 Oil And Gas Production Outlook

Hess said the lion's share of its 2019 capex will go towards oil and gas exploration in Guyana and the Bakken, while ConocoPhillips will spend most of its capex in Alaska and Canada.

December 10, 2018

Rice Energy Brothers Seek Top-Level Changes At Shale Gas Producer EQT

In a letter made public on Dec. 10, the Rice Energy brothers pointed to EQT's "severely depressed" stock price and blamed the management for underperformance.

December 10, 2018

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