Chevron


All posts for Chevron

The (New) Force Behind Upstream Asset Buys

In times of crisis, oil and gas company default to two things: staff layoffs and asset sales. Factor in the strengthening climate change argument that is changing the core strategies of energy supermajors, the idea of buying a (potentially distressed) oil or gas asset is now quite unappealing, no ...

Hui Shan


Posted 19 days agoLink > ExxonMobilShellBP +9

The State Of The Industry: Q1 2020 Financials

As the Covid-19 slowly but surely eases, the oil and gas industry has released its financial results for Q1 2020. As it were, the Q1 2020 financial results from the five oil supermajors paint a mixed picture. Reducing dividends were a common denominator across the board in the industry, with Nor ...

Hui Shan


Posted 1 month agoLink > ExxonMobilShellBP +6

Pandemic rocks Permian Basin as wells, rigs idled and workers laid off

It wasn't long ago that some of the largest oil companies in the world were flocking to Lea and Eddy counties to boost oil production, open regional offices and add high-paying jobs that attracted workers from across the country to cities like Carlsbad and Hobbs. The good ol' days are goneBefore ...

Will Fine


Posted 2 months agoLink > Farmington New MexicoGovernor of New MexicoNew Mexico +65

Expert Dan Fine discusses future of oil, natural gas amid low prices and the coronavirus

(Photo: Augusta Liddic/The Daily Times)AZTEC — Two tweets sent by President Donald Trump on the morning of April 2 spurred optimism for an oil industry hit hard by a flood of oil from Saudi Arabia and Russia, driving down the price. (Photo: Twitter screengrab)Fine said Russia, which has been frus ...

Will Fine


Posted 2 months agoLink > NewMexicogeopoliticalGeopolitics +66

Oil price plunge wallops New Mexico

BY KEVIN ROBINSON-AVILA / Albuquerque JOURNAL STAFF WRITER Published: Monday, March 9th, 2020 at 10:02pm Copyright © 2020 Albuquerque Journal New Mexico's oil boom could soon turn to bust after world prices for crude crashed on Monday. The price for U.S. benchmark West Texas Intermediate b ...

Will Fine


Posted 3 months agoOpinion > RussiaRussian marketOPEC +85

Wrapping Up The Decade - Q419 Financials Of Oil Majors

For ExxonMobil, revenue and net profits were both down by 5%, with the company blaming the ‘tough environment' and depressed margins for its oil, gas, refining and chemicals businesses that will spill into 2020. Although the French company was also affected by slumping natural gas prices, along w ...

Hui Shan


Posted 4 months agoLink > BPShellTotal +4

GM at Chevron confirmed as keynote speaker for Reuters Events annual Data Driven Drilling & Production Conference 2020

HOUSTON, January 29, 2020 – Upstream Intelligence – part of Reuters Events - announced the keynote speaker confirmed for their Data Driven Drilling and Production Conference. Bringing her definitive 2020 vision for upstream oil & gas' digital makeover, Chicovia Scott, GM of Digital Innovation & Acc ...

Louis Fentener


Posted 5 months agoPress > upstreamDrillingdata +5

ModuResources successfully supports Chevron Australia during the acceptance of the Transocean KG-2 Drillship for the Gorgon Stage 2 project.

ModuResources successfully supports Chevron Australia during the acceptance of the Transocean KG-2 Drillship for the Gorgon Stage 2 project. According to Chevron Australia's Drilling Department, the successful start-up of the KG-2 was a key milestone for their deep-water drilling campaign. Quot ...

Martin Struik


Posted 6 months agoPress > ChevronAustraliaTransocean +2

The State of the Industry: Q2 2019

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...

Hui Shan


Posted 10 months agoLink > ShellExxonMobilBP +6

Chevron & Venezuela – Together Still

Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela. The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevr ...

Hui Shan


Posted 11 months agoLink > TrumpVenezuelaGuaido +10

Did Occidental Overpay for Anadarko?

Now that Occidental Petroleum has beaten Chevron to the acquisition of Anadarko Petroleum – and the strategic assets it holds in the prolific Permian Basin – one would think that the deal is cut-and-dry. The Occidental purchase of Anadarko had all the signs of a classic takeover battle, swooping ...

Hui Shan


Posted 11 months agoLink > OxyOccidentalanadarko +6

The Permian is Ripe for M&A Battle

Next is Diamondback Energy, a Permian pure-play firm that has valuable assets in the Midland Basin as well as the prized (and prolific) Delaware Basin. Brushing up against Pioneer's acreage is ExxonMobil and Chevron's own boundaries, and its new status as a Permian pure-play makes Pioneer particu ...

Hui Shan


Posted 1 year agoLink > Pioneer Natural ResourcesEndeavor Energy ResourcesDiamondback Energy +8

The Battle for Anadarko

The deal would have given Chevron significant and synergistic acreage in the Permian Basin along with new potential in US midstream, as well as Anadarko's high potential projects in Africa. And so Oxy was victorious, capping off a two-year pursuit by Hollub for Anadarko – which only went public a ...

Hui Shan


Posted 1 year agoLink > OxyOccidentalanadarko +4

Shell Eclipses ExxonMobil Once Again

Weaker refining margins and lower crude prices were cited as a slight drag on performance, but Shell's acquisition of BG Group is paying dividends as strong natural gas performance contributed to the strong profits. Unlike ExxonMobil and Chevron, Shell has only dipped its toes in the Permian, pre ...

Hui Shan


Posted 1 year agoLink > ExxonMobilShellBP +5

The Rise of a New Ultramajor?

The purchase of Anadarko gets Chevron into two prolific areas: the Permian Basin in the US and LNG. Through Anadarko, Chevron will gain major US midstream space, including a 55% stake in the Western Midstream Partners whose pipelines crosses all over Texas, linking the Permian to the processing a ...

Hui Shan


Posted 1 year agoLink > ChevronanadarkoExxonMobil Shell +7