Occidental

Axis Launches New Era in Well Services with Deployment of Axis EPIC RIG™

Retrieved on: 
Monday, March 11, 2024
Permian, VFD, Oxy, Natural gas, PLC, NPT, Acquisition, Senior, Safety, Occidental, Operation, Torque, EPIC, Axis, Renewable energy

DALLAS, March 11, 2024 /PRNewswire/ -- Axis Energy Services announces its successful deployment of the oil and gas industry's first fully electric well service rig on wells operated by Occidental. Axis' EPIC RIG™ provides improvements in safety and efficiency, as well as the ability to run on grid power for reduced emissions and increased fuel flexibility. Axis' EPIC RIG™ is currently reworking production wells for Occidental under a long-term contract in the Permian Basin.

Key Points: 
  • Axis' EPIC RIG™ provides improvements in safety and efficiency, as well as the ability to run on grid power for reduced emissions and increased fuel flexibility.
  • Axis' EPIC RIG™ is currently reworking production wells for Occidental under a long-term contract in the Permian Basin.
  • "The EPIC RIG™ is easily the biggest leap forward for well-service technology in decades," said Axis CEO Ryan Phillips.
  • "Its deployment by Occidental signals the arrival of a new generation of well service rigs built for tomorrow's oilfield."

Valaris Announces Contract Awards and Fleet Status Updates

Retrieved on: 
Tuesday, January 9, 2024
Maritime, Energy, Transport, Oil, Gas, Drillship, TotalEnergies, Harbour Energy, Anadarko Petroleum, Shell, Petrobras, Economics, Limited, MPD, Occidental

Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of approximately $1.14 billion, awarded subsequent to issuing the Company’s most recent fleet status report on November 1, 2023.

Key Points: 
  • Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of approximately $1.14 billion, awarded subsequent to issuing the Company’s most recent fleet status report on November 1, 2023.
  • Based on the firm contract term, the total contract value is approximately $519 million, inclusive of mobilization fees and additional services.
  • In conjunction with the above-mentioned contract extension and award for VALARIS 249, a previously disclosed one-well contract with the same operator offshore Australia for VALARIS 107 has been terminated.
  • The backlog associated with this contract is not included in the above-mentioned incremental backlog that has been awarded since the Company’s most recent fleet status report.

Vinyl Institute Elects Grant Evans of OxyChem as Chair for 2024

Retrieved on: 
Wednesday, December 20, 2023
Vinyl chloride, Policy, The Vinyl Institute, Commercial, Sustainability, Executive Committee, Growth, Occidental

WASHINGTON, Dec. 20, 2023 /PRNewswire-PRWeb/ -- The Vinyl Institute (VI), is pleased to announce that Grant Evans, Executive Vice President of Commercial & Sustainability at OxyChem, was elected as the 2024 VI Chair at the association's annual meeting.

Key Points: 
  • WASHINGTON, Dec. 20, 2023 /PRNewswire-PRWeb/ -- The Vinyl Institute (VI), is pleased to announce that Grant Evans, Executive Vice President of Commercial & Sustainability at OxyChem, was elected as the 2024 VI Chair at the association's annual meeting.
  • "We are pleased to welcome Grant as our incoming chair," said Ned Monroe, VI President and CEO.
  • "Grant brings a wealth of experience and commitment to advancing the vinyl industry, and our membership recognizes the key role that Grant will have in 2024.
  • The Vinyl Institute looks forward to the leadership and vision Mr. Evans will bring to the organization, solidifying its commitment to innovation, sustainability, and strategic growth in the vinyl industry.

Vinyl Sustainability Council Presents 2023 Social Impact Award to OxyChem

Retrieved on: 
Tuesday, December 5, 2023
Texas A&M University, Longevity, Louisiana State University, VSC, Student, Occidental, IAC, LSU, IACS, School, Nursing

AUSTIN, Texas, Dec. 5, 2023 /PRNewswire/ -- The Vinyl Sustainability Council (VSC) proudly announced OxyChem as the recipient of the 2023 Social Impact Award for their efforts to help community school districts reduce energy consumption through Department of Energy Better Plants Industrial Assessment Centers (IAC) program.

Key Points: 
  • AUSTIN, Texas, Dec. 5, 2023 /PRNewswire/ -- The Vinyl Sustainability Council (VSC) proudly announced OxyChem as the recipient of the 2023 Social Impact Award for their efforts to help community school districts reduce energy consumption through Department of Energy Better Plants Industrial Assessment Centers (IAC) program.
  • The IACs are made up of graduate students from local universities that perform energy audits on facilities around the United States.
  • The Vinyl Sustainability Council's Social Impact Award recognizes the efforts of a VSC member that has demonstrated a strong commitment to community well-being and longevity.
  • This annual award acknowledges an outstanding project or program that addresses a social concern using a company's resources to have a positive impact.

ADIPEC 2023 breaks records for attendance and commercial deals, generating US$8.8bn for the global energy industry

Retrieved on: 
Tuesday, November 14, 2023
Occidental, Carbon, CCUS, Plastic, Climate change mitigation, International Renewable Energy Agency, Economic development, COP28, Oil, Hail, Tourism, International Energy Forum, History, IRENA, OMV, IEF, DAC, Market, Non-governmental organization, Aviation, Environmental Defense Fund, IPIECA, Wood, Government, Thought, ADNOC, Amusement park, Renewable energy, Natural gas, Habshan, LNG

ABU DHABI, UAE, Nov. 14, 2023 /PRNewswire/ -- ADIPEC 2023 was the most commercially successful edition in the event's nearly 40-year history, generating US$8.8 billion in business for the global energy industry, as well as delivering over US$350 million in event-related business to the United Arab Emirates (UAE) economy.

Key Points: 
  • ABU DHABI, UAE, Nov. 14, 2023 /PRNewswire/ -- ADIPEC 2023 was the most commercially successful edition in the event's nearly 40-year history, generating US$8.8 billion in business for the global energy industry, as well as delivering over US$350 million in event-related business to the United Arab Emirates (UAE) economy.
  • ADIPEC 2023, which took place in Abu Dhabi from 2-5 October, under the theme of Decarbonising.
  • Together., convened global energy leaders and leading voices from across the energy ecosystem to accelerate urgent, collective action and game-changing solutions to decarbonise quicker and future-proof the energy system.
  • ADIPEC 2024 will take place in Abu Dhabi on 11-14 November 2024 with a mission to continue to support the global energy transition and collective decarbonisation.

ADIPEC 2023 breaks records for attendance and commercial deals, generating US$8.8bn for the global energy industry

Retrieved on: 
Tuesday, November 14, 2023
Occidental, Carbon, CCUS, Plastic, Climate change mitigation, International Renewable Energy Agency, Economic development, COP28, Oil, Hail, Tourism, International Energy Forum, History, IRENA, OMV, IEF, DAC, Market, Non-governmental organization, Aviation, Environmental Defense Fund, IPIECA, Wood, Government, Thought, ADNOC, Amusement park, Renewable energy, Natural gas, Habshan, LNG

ABU DHABI, UAE, Nov. 14, 2023 /PRNewswire/ -- ADIPEC 2023 was the most commercially successful edition in the event's nearly 40-year history, generating US$8.8 billion in business for the global energy industry, as well as delivering over US$350 million in event-related business to the United Arab Emirates (UAE) economy.

Key Points: 
  • ABU DHABI, UAE, Nov. 14, 2023 /PRNewswire/ -- ADIPEC 2023 was the most commercially successful edition in the event's nearly 40-year history, generating US$8.8 billion in business for the global energy industry, as well as delivering over US$350 million in event-related business to the United Arab Emirates (UAE) economy.
  • ADIPEC 2023, which took place in Abu Dhabi from 2-5 October, under the theme of Decarbonising.
  • Together., convened global energy leaders and leading voices from across the energy ecosystem to accelerate urgent, collective action and game-changing solutions to decarbonise quicker and future-proof the energy system.
  • ADIPEC 2024 will take place in Abu Dhabi on 11-14 November 2024 with a mission to continue to support the global energy transition and collective decarbonisation.

Occidental and BlackRock Form Joint Venture to Develop STRATOS, the World’s Largest Direct Air Capture Plant

Retrieved on: 
Tuesday, November 7, 2023
Houston Texans, NYSE, Houston Astros, BlackRock, DAC, Carbon, Toronto-Dominion Bank, ANA, Direct air capture, BLK, TD, CO2, All Nippon Airways, Amazon, Renewable energy, Airbus, Occidental

HOUSTON and NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550 million on behalf of clients in the development of STRATOS, the world’s largest Direct Air Capture (DAC) facility, in Ector County, Texas. Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form a joint venture with Occidental through its subsidiary 1PointFive that will own STRATOS.

Key Points: 
  • Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form a joint venture with Occidental through its subsidiary 1PointFive that will own STRATOS.
  • STRATOS is designed to capture up to 500,000 tonnes of CO2 per year.
  • Construction activities for STRATOS are approximately 30 percent complete and the facility is expected to be commercially operational in mid-2025.
  • “This joint venture demonstrates that Direct Air Capture is becoming an investable technology and BlackRock’s commitment in STRATOS underscores its importance and potential for the world.

Occidental Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
NYSE, Webcast, Financial adviser, Cryptocurrency, Occidental

HOUSTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its third quarter 2023 financial results.

Key Points: 
  • HOUSTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its third quarter 2023 financial results.
  • The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com .
  • The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.
  • The company will hold a conference call to discuss the results on Wednesday, November 8, 2023, at 1 p.m. Eastern/12 p.m. Central.

Occidental Announces Dividend

Retrieved on: 
Tuesday, October 31, 2023
NYSE, Holding company, Occidental

HOUSTON, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.18 per share on common stock, payable on January 16, 2024, to stockholders of record as of the close of business on December 8, 2023.

Key Points: 

HOUSTON, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.18 per share on common stock, payable on January 16, 2024, to stockholders of record as of the close of business on December 8, 2023.

Occidental to Announce Third Quarter Results Tuesday, November 7, 2023; Hold Conference Call Wednesday, November 8, 2023

Retrieved on: 
Thursday, October 5, 2023
NYSE, Webcast, Cryptocurrency, Occidental

HOUSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its third quarter 2023 financial results after close of market on Tuesday, November 7, 2023, and will hold a conference call to discuss results on Wednesday, November 8, 2023, at 1 p.m. Eastern/12 p.m. Central.

Key Points: 
  • HOUSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its third quarter 2023 financial results after close of market on Tuesday, November 7, 2023, and will hold a conference call to discuss results on Wednesday, November 8, 2023, at 1 p.m. Eastern/12 p.m. Central.
  • The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors.
  • Third quarter 2023 financial results will be available through the Investor Relations section of the company’s website.
  • A recording of the webcast will be posted on the website within several hours after the call is completed.