Energy transition may ‘push’ oil majors to sell or swap $100billion of assets – Rystad
Oil majors may be "pushed" to sell or swap more than $100billion of assets due to the energy transition, according to Rystad Energy.
Chevron
BP and Chevron veteran joins OGA as area manager
The Oil and Gas Authority (OGA) has appointed a BP and Chevron veteran is its new central North Sea area manager.
Mubadala Petroleum eyes $2bn Southeast Asia sale
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 approves Chevron deal for Noble
Israel’s Petroleum Council has backed the acquisition of Noble Energy by Chevron.
Updated: Ithaca looks to restart Covid-hit projects, makes staff payouts as 70 leave
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.
Nupeng suspends Chevron strike
A Nigerian oil workers’ union has suspended a proposed seven-day strike targeting Chevron Nigeria Ltd.
Exxon to go down from the Dow
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 to sign memorandum with Chevron to explore for oil
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.
EVOL: Choppers, bunkers and Chevron
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.
East Med allure launched Chevron’s move on Noble
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 refinances Leviathan debt
Delek Drilling has raised $2.25 billion through a bond issue to refinance debt taken out for its Leviathan project.
Analysts predict historic BP dividend cut, all majors to post Q2 losses
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.
Chevron is installing solar panels — To produce oil more cheaply
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 snaps up Noble
Chevron has struck a deal to buy Noble Energy for $5 billion, which will be paid in an all-stock transaction.
Using drones to mitigate pollution losses
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.
New £5m boost for researchers assessing North Sea oil and gas and renewables structures
A research group assessing man-made North Sea structures has been given a boost with the announcement of £5 million in new funding.
Sasol sells Escravos stake, works on Mozambique sale
Sasol has signed a deal to sell its indirect stake in the Escravos gas-to-liquids (GTL) plant, in Nigeria, to Chevron.
Oceaneering wins Angola work
Oceaneering has won inspection work in Angola from a Chevron subsidiary.
Oil majors ‘still falling short’ of climate goals – Carbon Tracker
Oil majors are “falling short” of global climate goals despite their updated emissions targets, according to a new report.
Shell plans ‘major restructuring’ in net zero push: 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 ‘good ballpark estimate’ for every oil major – Rystad
BP-scale job cuts of 15% worldwide is a “good ballpark” estimate for every oil major, according to consultancy Rystad Energy.
ExxonMobil is the least resilient oil supermajor – Wood Mackenzie
New research has named ExxonMobil as the least "resilient" supermajor to weather the current oil downturn.
Pandemic drives oil reserves up for sale to 12.5billion barrels – Rystad
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 puts 6,000 employees at risk of redundancy
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.
Oil CEOs write open letter saying pandemic ‘sharpens focus’ on climate goals
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.