Oil majors recover strongly but keep purse strings tight, Moody’s says
Oil and gas majors have pulled off a strong recovery in the 12 months to June 30, and further improvements will follow in the second half of 2017, a Moody’s oil analyst said.
Oil and gas majors have pulled off a strong recovery in the 12 months to June 30, and further improvements will follow in the second half of 2017, a Moody’s oil analyst said.
The Gold Awards for best large and small companies will once again be contested by some of the biggest and best names in the North Sea oil and gas industry.
US oil major Chevron returned to black in the second quarter of 2017 thanks to higher oil prices and a pick-up in gas sales.
Big Oil is starting to beat the crude-market slump as the industry rediscovers how to make money at lower prices.
North-east energy service firm Proserv said yesterday it had won £3million-worth of contracts in the Asia Pacific region.
UK driller Ensco has been awarded three drillship contracts offshore west Africa.
The US Supreme Court left intact a ruling that protects Chevron from having to pay $8.6billion in a decades-long battle over oil pollution in Ecuador, rebuffing an American lawyer who was found to have committed fraud in the South American country’s court.
Chevron Phillips Chemical has finished building two polyethylene units in Old Ocean, southwest of Houston, a “major milestone” in its $6 billion petrochemical expansion along the Gulf Coast.
US major Chevron is getting ready to launch a fresh tender for a floating production, storage and offloading (FPSO) vessel for its giant Rosebank project in the UK North Sea.
US oil major Chevron has agreed to sell its Trinidad and Tobago business to Shell.
US supermajor Chevron has awarded a contract for its Tigris and Anchor developments in the Gulf of Mexico.
Chevron’s Gorgon liquefied natural gas plant shut a production train for about a month, at least the eighth outage since operations started 14 months ago at the most-expensive project in the company’s history.
US shale explorers are boosting drilling budgets 10 times faster than the rest of the world to harvest fields that register fat profits even with the recent drop in oil prices.
US oil major Chevron was back in black in the first quarter of 2017 thanks to higher oil prices and lower costs.
Chevron has announced plans to sell its Bangladesh companies. The California-based firm said its subsidiary Chevron Global Ventures had agreed to sell shares of its subsidiaries operating in Bangladesh to Himalaya Energy. Chevron Bangladesh operates the Bibiyana, Jalalabad and Moulavi Bazar fields.
A marine disaster which caused the greatest loss of life in the North Sea since Piper Alpha has been remembered ten years after the Bourbon Dolphin capsised with the loss of eight lives.
The supermajors are signalling the oil industry's return to the Gulf of Mexico's deep waters.
Upstream oil and gas companies may be quietly optimistic about the outlook for 2017 but many remain cautious, according to a report by Scottish energy consultancy Wood Mackenzie (WoodMac).
Chevron today confirmed it had started production form its Mafumeira Sul development offshore Angola.
Chevron’s North Sea chief yesterday revealed three strategies that she believes can safeguard the basin’s future.
The oil and gas industry can be “lazy” about adopting new technologies or “fantastic” at it, according to two of the speakers in a panel debate at the ITF event at Aberdeen Exhibition and Conference Centre yesterday.
Leading figures from the North Sea oil industry today welcomed the launch of a new technology centre in Aberdeen.
Crude prices may have stabilized, but it’s still not a great time to be Big Oil.
Bangladesh is to have Chevron Corp's in-country natural gas reserves assessed before making a formal bid to buy the assets, according to reports.
Chevron suffered losses of more than $2billion last year as low oil prices continued to weigh on the US major’s balance sheet.