Houston-based C&J Energy Services (NYSE: CJ) and Keane Group Inc. (NYSE: FRAC) P, creating a diversified oil field services provider valued at approximately $1.8 billion,…
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New Mexico to get $64 Billion, thanks to crude oil benefits
Press release ExxonMobil today said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in…
American debt-rating agencies go after Mexico’s Pemex
Mexican President Andres Manuel Lopez Obrador took office in December vowing to revive state-owned energy company Pemex and put the brakes on foreign investment to…
Chevron gives up on Anadarko Petroleum, will get $1B termination fee
The decision leaves Occidental as a victor in a race that once again demonstrated the attractiveness of the American shale. The decision also means Chevron…
Chevron bows out of fight for Anadarko Petroleum
Occidental challenged Chevron’s initial bid last month, offering $57 billion in cash and stock, including debt and book value of non-controlling interest. Chevron’s offer was…
Natural gas fracking fleet : A look at Liberty Oilfield
Despite facing a challenging market, we are proud to have delivered a sequential 13% increase in revenue to $535 million and adjusted EBITDA increase of…
US rig count declining this year, positive cash flows increase
The first factor I want to look at is the curious case of the US rig count decline, even as oil prices have seen a…
GE’s Baker Hughes reports First Quarter, shares fall
Baker Hughes, a GE company Announces First Quarter 2019 Results Orders of $5.7 billion for the quarter, down 17% sequentially and up 9% year-over-year Revenue…
Sexual Playthings at Anadarko’s Denver Office?
Written by attorneys for Robin Olsen, former communication professional at Anadarko, it alleges top Anadarko executives had sex in the Denver office during business hours,…
Mexico Gasoline Theft Cut by 95%, Pemex Says
President Andres Manuel Lopez Obrador’s fight against gasoline theft has reduced robbery by 95 percent as Mexico shifted fuel transport to trains and trucks, and…
Saudi Aramco sells first LNG as oil giant expands into gas
State-run Aramco seeks to become a “major player” in the gas industry and is looking for potential joint ventures and partnerships, Nasser said in Riyadh….
OXY Sees so much synergies in Anadarko Petroleum – Wants some of that synergie
OXY has joined the race to acquire Anadarko Petroleum APC. Occidental’s offer is far more lucrative than the proposal made by Chevron Corporation CVX earlier…
Chevron moves to Acquire Anadarko Petroleum for $33 Billion
Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation (NYSE: APC) to acquire all of the…
Saudi Oil Company Makes More Than Apple and Exxon Combined
For the first time ever, Saudi Arabia on Monday unveiled the finances of Aramco, its national oil company, revealing that it brought in $111 billion…