Oil companies

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.

Lightsource BP Secures Solar Tracking Equipment from Array Technologies for over 1.5 Gigawatts of Projects Across the U.S.

Retrieved on: 
Thursday, January 9, 2020
Alternative energy, Energy, Environment, Other Energy, Utilities, Companies, Energy, Oil companies, Photovoltaics, Solar energy, BP, Lightsource Renewable Energy, Solar tracker, Energy conversion, Lightsource BP, Array Technologies

Lightsource BP, a global solar leader, has announced the purchase of approximately $100 million in equipment from Array Technologies, an industry leader in reliable solar tracking solutions.

Key Points: 
  • Lightsource BP, a global solar leader, has announced the purchase of approximately $100 million in equipment from Array Technologies, an industry leader in reliable solar tracking solutions.
  • The investment in single-axis solar tracking equipment was completed in December, and is the first phase in the construction of over 1.5 gigawatts of large-scale solar projects in the U.S.
  • This agreement comes after recent collaboration between Lightsource BP and Array Technologies on a milestone 200 megawatt project in Australia.
  • "We are delighted to be working with Lightsource BP to deliver on this robust pipeline of projects," stated Jim Fusaro, CEO at Array Technologies.

NCLA Asks Court to Not Abandon Its Duty of Independent Judgment in BIA Case Under Chevron Deference

Retrieved on: 
Tuesday, January 7, 2020
Law, Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc., Environment, Natural Resources Defense Council, Judicial deference, En banc, Deference, Chevron Corporation, Companies, Oil companies

NCLA is urging the full Fifth Circuit to call out the constitutional defects inherent in the Chevron judicial deference doctrine.

Key Points: 
  • NCLA is urging the full Fifth Circuit to call out the constitutional defects inherent in the Chevron judicial deference doctrine.
  • Specifically, NCLA points out that judges violate Article III of the Constitution and their judicial oaths when they give Chevron deference instead of providing their independent judgment.
  • In other words, Chad Brackeen and the other plaintiffs-appellees are denied a fair trial if the judge hearing their case employs Chevron deference in favor of the government.
  • We urge the full Fifth Circuit, which is rehearing the case en banc, to silence the panels out-of-tune paean to Chevron.

Fiserv and ExxonMobil will Enable Consumers to Fill Up by Asking Alexa to Pay at the Pump

Retrieved on: 
Monday, January 6, 2020
Convenience store, Energy, Oil, Gas, Technology, Data management, Software, Retail, Companies, Amazon, Amazon Alexa, Bing, Oil companies, Economy of the United States, Alexa, ExxonMobil, Mobil

Ahead of CES 2020, ExxonMobil and Fiserv announced that they are transforming the way people pay for gasoline using Amazon Alexa.

Key Points: 
  • Ahead of CES 2020, ExxonMobil and Fiserv announced that they are transforming the way people pay for gasoline using Amazon Alexa.
  • Coming later this year, consumers with Alexa-enabled vehicles, Echo Auto, and other Alexa-enabled mobility devices will be able to say, Alexa, pay for gas when they pull up to the pump.
  • Were excited to bring new technology and better experiences to the gas station, said Eric Carmichael, Americas fuels marketing manager at ExxonMobil.
  • We build and seek out technology that will wow our consumers, providing both ease of use and security.

Advisory: Chevron Corporation’s 4Q 2019 Earnings Conference Call and Webcast

Retrieved on: 
Thursday, January 2, 2020
Oil, Gas, Energy, Companies, Oil companies, Chevron Corporation, CVX, Chevron, Economy of the United States

Chevron Corporation (NYSE: CVX), one of the worlds leading energy companies, will hold its quarterly earnings conference call on Friday, January 31, 2020 at 11:00 a.m.

Key Points: 
  • Chevron Corporation (NYSE: CVX), one of the worlds leading energy companies, will hold its quarterly earnings conference call on Friday, January 31, 2020 at 11:00 a.m.
  • Chevron Corporation is one of the worlds leading integrated energy companies.
  • Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry.
  • Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com .

Andrew Gould Elected to Occidental Board of Directors

Retrieved on: 
Thursday, January 2, 2020
Finance, Oil, Gas, Banking, Energy, Professional services, Oil companies, Petroleum industry, Andrew Gould, Companies, Gould, Schlumberger, Occidental Petroleum, Oxy

Occidental Petroleum Corporation (NYSE:OXY) announced today that Andrew Gould, former Chairman and Chief Executive Officer of Schlumberger Limited, has been elected to its Board of Directors effective March 1, 2020.

Key Points: 
  • Occidental Petroleum Corporation (NYSE:OXY) announced today that Andrew Gould, former Chairman and Chief Executive Officer of Schlumberger Limited, has been elected to its Board of Directors effective March 1, 2020.
  • Mr. Gould began his career at Schlumberger in 1975 in its Internal Audit department, based in Paris.
  • Andrew brings a valuable perspective to the Board through his extensive experience as a chief executive in the oil and gas industry, said Gene L. Batchelder, Chairman of the Board.
  • Regarding his appointment to the Board, Mr. Gould stated, I have long admired Occidentals industry position and demonstrated ability to innovate.

ExxonMobil Secures Exploration Acreage Offshore Egypt

Retrieved on: 
Monday, December 30, 2019
Oil, Gas, Energy, Companies, ExxonMobil, Rockefeller family, Standard Oil, Oil companies, Economy of the United States

ExxonMobil said today it has secured more than 1.7 million acres for exploration offshore Egypt.

Key Points: 
  • ExxonMobil said today it has secured more than 1.7 million acres for exploration offshore Egypt.
  • These awards strengthen our exploration portfolio in the Eastern Mediterranean, said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil.
  • The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately five miles offshore Egypts northern coast in the Herodotus basin.
  • ExxonMobil has been a partner in Egypts growth for more than 115 years, and these awards reaffirm our commitment to pursuing high-quality opportunities in the country, said Hesham Elamroussy, chairman and managing director of ExxonMobil Egypt.

Pipeline & Process Services Industry Assessment - Global Market Review 2018-2019 and Forecast to 2027

Retrieved on: 
Friday, December 27, 2019
Oil companies, Petroleum industry, Companies, Anti-corporate activism, Corporate crime, Dick Cheney, Economy of Denver, Halliburton, Saudi Aramco, Schlumberger, Pipeline

DUBLIN, Dec. 27, 2019 /PRNewswire/ -- The "Pipeline & Process Services - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 27, 2019 /PRNewswire/ -- The "Pipeline & Process Services - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
  • The Global Pipeline & Process Services market accounted for $3.16 billion in 2018 and is expected to reach $5.48 billion by 2027 growing at a CAGR of 6.3% during the forecast period.
  • However, issues related to by cross-border oil & gas pipeline projects is hampering the market growth.
  • Some of the key players in Pipeline & Process Services market include Halliburton, IPEC, Trans Asia Pipelines, BHGE, Enermech, Saudi Aramco, Bluefin Group, Hydratight, IKM, Techfem Spa, Altus Intervention, Schlumberger Limited, Chenergy Services, Tucker Energy Services, and Future Pipe Industries.

Hess Announces Oil Discovery Offshore Guyana at Mako-1

Retrieved on: 
Monday, December 23, 2019
Finance, Utilities, Oil, Gas, Professional services, Alternative energy, Energy, Other Natural Resources, Mining, Minerals, Natural Resources, Companies, China National Offshore Oil Corporation, CNOOC Limited, Hess Corporation, Oil companies, Hess Oil and Chemical, Petroleum exploration in Guyana

Hess Corporation (NYSE: HES) today announced another oil discovery on the Stabroek Block offshore Guyana at the Mako-1 well southeast of the Liza Field.

Key Points: 
  • Hess Corporation (NYSE: HES) today announced another oil discovery on the Stabroek Block offshore Guyana at the Mako-1 well southeast of the Liza Field.
  • The discovery adds to the current gross recoverable resource estimate of more than 6 billion barrels of oil equivalent.
  • Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.
  • Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.

ExxonMobil Begins Oil Production in Guyana

Retrieved on: 
Saturday, December 21, 2019
Oil, Gas, Energy, Companies, Countries, Oil companies, CNOOC Petroleum North America ULC, GUYANA, China National Offshore Oil Corporation, ExxonMobil, Petroleum exploration in Guyana

ExxonMobil today announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater developments.

Key Points: 
  • ExxonMobil today announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater developments.
  • Through our continued workforce development and community investments, we are making a positive impact in Guyana, said Rod Henson, president of ExxonMobils Guyana affiliate.
  • Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest.
  • Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.