Oil companies

Talos Energy Announces Appointment Of Bob Abendschein As Executive Vice President And Head Of Operations, Succeeding Stephen E. Heitzman

Retrieved on: 
Thursday, January 23, 2020
Companies, Talos Energy, Oil companies

HOUSTON, Jan. 23, 2020 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the appointment of Robert "Bob" Abendschein as Executive Vice President and Head of Operations, succeeding Stephen E. Heitzman, Executive Vice President and Chief Operating Officer.

Key Points: 
  • HOUSTON, Jan. 23, 2020 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the appointment of Robert "Bob" Abendschein as Executive Vice President and Head of Operations, succeeding Stephen E. Heitzman, Executive Vice President and Chief Operating Officer.
  • Mr. Abendschein brings to Talos over 35 years of energy industry experience spanning roles in engineering, operations, major offshore projects, business development and senior management.
  • He also served in other key executive roles at Anadarko, including as the Vice President of Exploration and Production Services and Vice President of Corporate Development.
  • In 2000, he co-founded Gryphon Exploration as Vice President of Operations, and in 2006, he co-founded and later became President and Chief Executive Officer of Phoenix Exploration Company.

Talos Energy Announces Appointment Of Bob Abendschein As Executive Vice President And Head Of Operations, Succeeding Stephen E. Heitzman

Retrieved on: 
Thursday, January 23, 2020
Companies, Talos Energy, Oil companies

HOUSTON, Jan. 23, 2020 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the appointment of Robert "Bob" Abendschein as Executive Vice President and Head of Operations, succeeding Stephen E. Heitzman, Executive Vice President and Chief Operating Officer.

Key Points: 
  • HOUSTON, Jan. 23, 2020 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the appointment of Robert "Bob" Abendschein as Executive Vice President and Head of Operations, succeeding Stephen E. Heitzman, Executive Vice President and Chief Operating Officer.
  • Mr. Abendschein brings to Talos over 35 years of energy industry experience spanning roles in engineering, operations, major offshore projects, business development and senior management.
  • He also served in other key executive roles at Anadarko, including as the Vice President of Exploration and Production Services and Vice President of Corporate Development.
  • In 2000, he co-founded Gryphon Exploration as Vice President of Operations, and in 2006, he co-founded and later became President and Chief Executive Officer of Phoenix Exploration Company.

Chevron Phillips Chemical contributes $1.7 million for Sweeny ISD career and technology education center

Retrieved on: 
Wednesday, January 22, 2020
Primary, Secondary, Education, Philanthropy, Chemicals, Plastics, Manufacturing, Other Philanthropy, Training, Oil companies, Companies, Petroleum in the United States, Phillips 66, Sweeny Independent School District, Chevron Corporation, Chevron Phillips Chemical, Sweeny, Phillips, Chevron Phillips Chemical Company LP, Sweeny Independent School District

Chevron Phillips Chemical Company LP and the Sweeny Independent School District announced today a $1.7 million contribution from the company to the districts new career and technology education (CTE) center.

Key Points: 
  • Chevron Phillips Chemical Company LP and the Sweeny Independent School District announced today a $1.7 million contribution from the company to the districts new career and technology education (CTE) center.
  • The career and technology education center is expected to open in the fall of 2020 and consolidate career and technology classes already taught at Sweeny ISD in one building, which is currently under renovation.
  • Under its funding agreement with Sweeny ISD, Chevron Phillips Chemical is contributing $1.7 million over nine years to offset costs associated with operating the new center.
  • The Chevron Phillips Chemical donation will also help Sweeny ISD cover fees associated with college entrance exams for students pursuing post-secondary education.

Equinor Faces Additional Lawsuits Over Eagle Ford Shale Royalty Fraud

Retrieved on: 
Wednesday, January 15, 2020
Equinor, Ministry of Petroleum and Energy, Norsk Hydro, Companies, Eagle Ford Group, Oil companies, Economy of Norway

HOUSTON, Jan. 15, 2020 /PRNewswire/ --The Provost Umphrey Law Firm has filed a series of individual lawsuits in Harris County, Texas, charging that Norwegian energy company, Equinor, and related oil and gas entities have systematically short-changed royalty owners in the Eagle Ford Shale.

Key Points: 
  • HOUSTON, Jan. 15, 2020 /PRNewswire/ --The Provost Umphrey Law Firm has filed a series of individual lawsuits in Harris County, Texas, charging that Norwegian energy company, Equinor, and related oil and gas entities have systematically short-changed royalty owners in the Eagle Ford Shale.
  • The Beaumont-based law firm is representing more than 200 royalty owners who accuse Equinor, formerly known as Statoil, of manipulating numbers and engaging in questionable accounting practices.
  • Equinor/Statoil entered the Texas oil and gas market in 2010 by acquiring leases and wells in the Eagle Ford Shale under a joint venture with Repsol/Talisman.
  • The lawsuits further allege that Equinor/Statoil and its related entities committed fraud and conversion and engaged in a civil conspiracy to deprive royalty owners of their rightful payments.

Principal® Joins Cyber Readiness Institute Board of Advisors

Retrieved on: 
Wednesday, January 15, 2020
Professional services, Security, Technology, Other Technology, Finance, Banking, Companies, ExxonMobil, Rockefeller family, Standard Oil, Principal, Oil companies, Economy of the United States

The Cyber Readiness Institute (CRI) is pleased to welcome Principal Financial Group to its Board of Advisors.

Key Points: 
  • The Cyber Readiness Institute (CRI) is pleased to welcome Principal Financial Group to its Board of Advisors.
  • We welcome Principal to the Cyber Readiness Institute, said Kiersten Todt, CRI managing director.
  • Principal joins board members Mastercard, Microsoft, PSP Partners, General Motors, Exxon Mobil, Maersk and the Center for Global Enterprise.
  • Principal, Principal and symbol design and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.

Global IMO 2020 Compliant Marine Oil Market Analysis to 2029 - Opportunities for ULSFO Compliant Marine Oil in Asia-Pacific & North America

Retrieved on: 
Tuesday, January 14, 2020
Companies, Oil companies, Rockefeller family, H shares, Chevron Corporation, BP, Mobil, Exxon, PetroChina, Sinopec

The ultra-low sulfur fuel oil segment dominated the global IMO 2020 compliant marine oil market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2029).

Key Points: 
  • The ultra-low sulfur fuel oil segment dominated the global IMO 2020 compliant marine oil market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2029).
  • The IMO 2020 compliant marine oil market is segregated by region into four major regions, namely North America, Europe, APAC, and Rest-of-the-World.
  • The key market players in the global IMO 2020 compliant marine oil market include BP p.l.c., Exxon Mobil Corporation, Chevron Corporation, Royal Dutch Shell plc, China Petrochemical Corporation, Petrobras, PetroChina Company Limited, Indian Oil Corporation Ltd, Total, and Gazpromneft Marine Bunker Ltd.
    What are the trends in the global IMO 2020 compliant marine oil market across different regions?
  • Which type of marine oil is expected to witness the maximum demand growth in the global IMO 2020 compliant marine oil market during 2019-2029?

Niko Announces Closing of Settlement Agreement

Retrieved on: 
Tuesday, January 14, 2020
Oil companies, Companies, Niko, BP, Industries

CALGARY, Alberta, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Further to our prior press release of December 27, 2019, Niko Resources Ltd. (Niko or the Company) announces the closing of the settlement agreement between the Companys indirect subsidiary, Niko (NECO) Ltd. (Niko NECO), Reliance Industries Limited and BP Exploration (Alpha) Limited is expected to occur on January 15, 2020.

Key Points: 
  • CALGARY, Alberta, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Further to our prior press release of December 27, 2019, Niko Resources Ltd. (Niko or the Company) announces the closing of the settlement agreement between the Companys indirect subsidiary, Niko (NECO) Ltd. (Niko NECO), Reliance Industries Limited and BP Exploration (Alpha) Limited is expected to occur on January 15, 2020.
  • Niko also announces that, pursuant to the terms of the Companys Amended and Restated Facilities Agreement dated July 18, 2016 with its senior lenders (Lenders), the Lenders have appointed a receiver over the shares of Niko NECO and exercised their rights over the bank account of Niko NECO that the net proceeds of the D6 settlement are to be deposited into.
  • For further information, please see the Companys Managements Discussion and Analysis for the year ended March 31, 2019 and other documents filed on the Companys SEDAR profile at www.sedar.com .
  • Also, please contact: Niko Resources Ltd. (403) 2621020, Glen Valk, VP Finance & CFO.

Axens and ExxonMobil Sign Alliance Agreement to Provide FLEXICOKING™ Technology and Integrated Resid Conversion Solutions

Retrieved on: 
Tuesday, January 14, 2020
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Companies, ExxonMobil, Rockefeller family, Standard Oil, reSID, Oil companies, Economy of the United States, ExxonMobil Catalysts and Licensing LLC, Axens

ExxonMobil announced today that ExxonMobil Catalysts and Licensing LLC and Axens have signed a licensing alliance agreement to allow Axens to provide ExxonMobils FLEXICOKING technology and integrated resid conversion solutions.

Key Points: 
  • ExxonMobil announced today that ExxonMobil Catalysts and Licensing LLC and Axens have signed a licensing alliance agreement to allow Axens to provide ExxonMobils FLEXICOKING technology and integrated resid conversion solutions.
  • The technology will be offered under a single license and engineering agreement to be provided by Axens.
  • FLEXICOKING technology, when integrated with Axens H-Oil technology, offers flexibility when upgrading residuum.
  • The alliance brings a combination of FLEXICOKING and H-Oil technologies to provide a compelling new resid conversion option to our customers.

BP launches new US consumer loyalty program

Retrieved on: 
Monday, January 13, 2020
Oil companies, Companies, Economy, Loyalty program, Nudge theory, Pricing, BP, Debit cards, Amoco, Visa Inc.

CHICAGO, Jan. 13, 2020 /PRNewswire/ --BP recently unveiled a new consumer loyalty program, called BPme Rewards, and rolled it out to participating BP and Amoco retail stations nationwide.

Key Points: 
  • CHICAGO, Jan. 13, 2020 /PRNewswire/ --BP recently unveiled a new consumer loyalty program, called BPme Rewards, and rolled it out to participating BP and Amoco retail stations nationwide.
  • BPme app users save 5-cents on every gallon, each time they fill up at participating BP and Amoco stations during the first month of use.
  • BP developed BPme Rewards to replace the BP Driver Rewards program which ended on September 30.
  • BP Visa Credit Card is issued by Synchrony pursuant to a license from Visa USA Inc.
    View original content to download multimedia: http://www.prnewswire.com/news-releases/bp-launches-new-us-consumer-loya...

Global Unrest Breeds Bullish Sentiment in Oil Prices

Retrieved on: 
Monday, January 13, 2020
Oil companies, Companies, Petroleum industry, BP, Barrel of oil equivalent

(NYSE: XOM), BP Plc (NYSE: BP)

Key Points: 
  • (NYSE: XOM), BP Plc (NYSE: BP)
    Outside the world of geopolitics, oil exploration continued to gather steam in 2019.
  • According to data estimates provided by Rystad Energy global oil and gas explorers discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015.
  • Last year also marked 26 discoveries of more than 100 million boe, with offshore regions dominating the list of new oil and gas deposits.
  • Overall, the discoveries in Guyana hold cumulative recoverable resources of around 1.8 billion boe according to Rystad Energy's estimates.