Companies - News

Chevron Projects $20 Billion Spending Budget For 2019

San Ramon, Calif.-based Chevron said it plans to spend $3.6 billion to produce oil and gas in the Permian Basin of West Texas and New Mexico and $1.6 billion for other shale investments.

December 6, 2018

Faroe's Asset Swap With Equinor Could Raise Stakes In DNO Bid Battle

Faroe Petroleum's CEO Stewart said the deal with Equinor had been in the works before DNO launched its takeover offer last month and was not intended to stop the bid.

December 5, 2018

Nine Energy Service Promotes David Crombie To Serve As COO

David Crombie, who previously served as president of completion solutions and executive vice president, brings over two decades of experience to his latest role as COO at Nine Energy Service.

December 5, 2018

Petrobras Says Could Raise More Than $25 Billion Through Asset Sales

Brazilian state-controlled oil company Petrobras said it could raise $26.9 billion through asset sales and partnerships by 2023 as part of a new strategic business plan.

December 5, 2018

Germany's DEA To Buy Mexico's Sierra Oil And Gas

DEA Deutsche Erdoel agreed to buy independent Mexican company Sierra Oil and Gas at a time of growing uncertainty over the private sector's role in Mexico's oil industry.

December 5, 2018

Sanchez Energy Hires Financial Adviser To Explore Strategic Alternatives

Sanchez Energy engaged Moelis & Co. LLC as financial adviser to explore strategic alternatives to strengthen its balance sheet and maximize the value of the Eagle Ford-focused company.

December 4, 2018

Schlumberger Warns Weak Fracking Demand To Hurt North America Revenue

The drop in fracking activity this year had been "significantly larger" than expected, Patrick Schorn, executive vice president of wells at Schlumberger, said at a conference in New York.

December 4, 2018

Chevron Seeks Sale Of Giant Azerbaijan Oil Field Stake

Chevron has decided to launch the sale of its stake in Azerbaijan's largest oil field as well as the Baku-Tbilisi-Ceyhan pipeline, the San Ramon, Calif.-based company said in a statement.

December 4, 2018

Southwestern Completes Transformation With Close Of Fayetteville Shale Exit

Southwestern Energy closed the sale of its Fayetteville Shale business to Flywheel Energy in a transaction worth more than $2 billion completing its transformation to an Appalachian pure-play E&P.

December 4, 2018

Murphy Oil Raises Production Outlook Following Petrobras GoM JV Closing

Following the closing the GoM JV with Petrobras, Murphy Oil also raised its full-year capex outlook and expects to use some of the cash flow to accelerate activity in the Eagle Ford.

December 3, 2018

Shell Sets Carbon Cutting Targets After Investor Pressure

The Anglo-Dutch oil and gas giant said that from 2020 it will set three- to five-year targets every year which will include specific net carbon footprint targets.

December 3, 2018

WhiteWater Midstream Reportedly Eyes $2 Billion Sale

It is possible that WhiteWater Midstream's effort to sell itself may not lead to a deal, the sources cautioned, asking not to be identified because the matter is confidential.

November 28, 2018

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