Oil majors may be "pushed" to sell or swap more than $100billion of assets due to the energy transition, according to Rystad Energy.
The Oil and Gas Authority (OGA) has appointed a BP and Chevron veteran is its new central North Sea area manager.
Mubadala Petroleum has put its Southeast Asia portfolio up for sale for $2 billion. The Abu Dhabi-based company will be following in the footsteps of ExxonMobil, Chevron, Shell, Murphy Oil, Hess, Repsol and Eni, all of which are looking to sell assets in the Asia region.
Israel’s Petroleum Council has backed the acquisition of Noble Energy by Chevron.
Ithaca Energy plunged deep into the red in the first-half of 2020 as the sharp drop in oil prices and staff payouts weighed on the firm’s balance sheet.
A Nigerian oil workers’ union has suspended a proposed seven-day strike targeting Chevron Nigeria Ltd.
ExxonMobil will be turfed out of the Dow Jones Industrial Average (DJIA) as of August 30, replaced by Salesforce.com, a cloud computing company.
Iraq plans to sign a memorandum of understanding with Chevron Corp. to explore for oil in the country’s southern province of Dhi Qar, according to a person familiar with the matter.
In this episode, in association with the EIC, the war of words has continued in the helicopter space with another contract going to fiercely competitive Babcock. While the company has remained silent about its winning ways, others vying for contracts have been less restrained. Babcock, if you’re reading this, give Mark a call to explain.
Noble Energy raised the possibility of selling out to Chevron on May 12. The super-major took only until May 28 to indicate it would be keen for such a deal.
Delek Drilling has raised $2.25 billion through a bond issue to refinance debt taken out for its Leviathan project.
For the first time since the West’s five energy supermajors were created in the early 2000s, all of them are set to post a quarterly loss.
In California’s sun-drenched Kern Valley, Chevron Corp. has found a way to use one of the state’s clean-energy programs to cut the cost of pumping oil, to the chagrin of some environmentalists.
Chevron has struck a deal to buy Noble Energy for $5 billion, which will be paid in an all-stock transaction.
The development of drone technology is beginning to touch on a wide range of industries, sectors and aspects of life. Significant media attention has been dedicated both to beneficial uses of drones, such as unmanned aerial vehicle ("UAV") military reconnaissance missions, as well as the disruption which the misuse of drones can cause, such as the closure of Gatwick airport.
A research group assessing man-made North Sea structures has been given a boost with the announcement of £5 million in new funding.
Sasol has signed a deal to sell its indirect stake in the Escravos gas-to-liquids (GTL) plant, in Nigeria, to Chevron.
Oceaneering has won inspection work in Angola from a Chevron subsidiary.
Oil majors are “falling short” of global climate goals despite their updated emissions targets, according to a new report.
Shell will announce a major restructuring by the end of the year, according to a news report, as the firm makes a shift for the energy transition.
BP-scale job cuts of 15% worldwide is a “good ballpark” estimate for every oil major, according to consultancy Rystad Energy.
New research has named ExxonMobil as the least "resilient" supermajor to weather the current oil downturn.
The Covid-19 pandemic has increased the number of oil and gas assets being put up for sale globally past 12.5billion barrels in reserves, according to new analysis.
Chevron Corp. is planning a 10% to 15% reduction in its global workforce this year, the biggest cut to headcount yet among global oil majors following the Covid-19 pandemic.
The chief executives of 12 major oil and gas firms have written an open letter saying the Covid-19 pandemic won't delay climate action but has instead "sharpened" the focus on it.