UNOCAL Company News

Recent Articles

Results 50 articles shown

Brenham Inks PSC Agreement for Equatorial Guinea Block
Brenham Oil & Gas has executed a production sharing contract with the government of Equatorial Guinea in West Africa.
7:00 PM EST | December 19, 2012
PetroChina Is Set to Go It Alone
PetroChina's proposed $1 billion purchase of a minority stake in Singapore Petroleum shows that China's largest listed oil company is ready to go it alone when expanding overseas.
8:00 PM EST | May 25, 2009
KBR Scores Major FEED Contract for Chirag Oil Project in Caspian Sea
KBR will provide front-end engineering and design services for BP's Chirag oil project offshore Azerbaijan.
8:00 PM EST | March 22, 2009
Ahlstrom Joins Noble's Management Team
Noble Corp. announced that Lee M. Ahlstrom, 38, will join Noble as Vice President of Investor Relations and Planning of Noble Drilling Services Inc. effective May 1, 2006.
8:00 PM EST | April 16, 2006
BP Begins Production at West Azeri Field in the Caspian Sea
BP has begun oil production from the West Azeri platform - Azeri Project Phase 2, as part of the Azeri-Chirag-Gunashli (ACG) field development.
7:00 PM EST | January 04, 2006
Chevron Executive Vice President and Former Unocal Chairman Retires
Chevron says that Charles R. Williamson, executive vice president and former chairman of the board and chief executive officer of Unocal Corporation has elected to retire effective Dec. 1, 2005.
7:00 PM EST | November 10, 2005
Fugro Awarded Deepwater Survey for Gendalo - Maha by Unocal
P.T. Fugro Indonesia has been chosen by Unocal Ganal as survey partner for their Gendalo and Maha field development surveys, in the Makassar Strait, offshore East Kalimantan, Indonesia.
8:00 PM EST | September 13, 2005
Nine Groups of Cos Submit Bids for 11 Thai Oil & Gas Blocks
Nine groups of companies have submitted bids for 11 oil and gas blocks in Thailand, in the country's latest petroleum concession bidding round, a senior official at the Ministry of Energy said Tuesday.
8:00 PM EST | August 15, 2005
CNOOC Limited to Withdraw Unocal Bid
CNOOC has withdrawn its $18.5 billion all-cash offer to acquire Unocal in the face of political opposition, clearing the way for Unocal to conclude an already agreed deal with Chevron.
8:00 PM EST | August 01, 2005
Unocal Reports Record Quarterly Earnings; Net Up 39%
Unocal reported preliminary net earnings for the second quarter 2005 of $475 million, or $1.73 per share (diluted), 39 percent above the $341 million, or $1.25 per share (diluted), reported in the same period a year ago.
8:00 PM EST | July 28, 2005
Unocal Shareholders Await Next Move by CNOOC
Speculation was growing Friday that the China Offshore Oil Co. was only waiting for Congress to recess before either dropping its attempt to purchase Unocal Corp. or raise the stakes and announce a U.S. partner to take over its U.S. assets.
8:00 PM EST | July 28, 2005
Unocal Accepts Increased Offer from Chevron
Chevron Corporation and Unocal Corporation jointly announced an amended merger agreement, which provides for an increase in the consideration to be received by Unocal stockholders.
8:00 PM EST | July 19, 2005
Fitch: No Rating Changes for Chevron After Revised Unocal Bid
In light of Chevron Corporation's revised bid for Unocal Corporation, Fitch Ratings will not change its debt ratings on Chevron or revise its Outlook on the company.
8:00 PM EST | July 19, 2005
Unocal's Board Decides to Continue Talking with Chinese
Despite mounting opposition in Washington, the board of Unocal, the American oil company at the center of a takeover battle, instructed its management yesterday to continue negotiations with a government-backed Chinese oil company to seek a higher bid than its $18.5 billion offer, executives close to the company said.
8:00 PM EST | July 14, 2005
Unocal Board Declares Regular Quarterly Dividend
Unocal Corporation's board of directors declared a regular quarterly dividend of 20 cents per share on the common stock of the company.
8:00 PM EST | July 13, 2005
Pogo to Acquire Northrock Resources Ltd.
Pogo Producing Company has entered into a definitive agreement to acquire all of the stock of Northrock Resources Ltd., a wholly owned Canadian subsidiary of Unocal Corporation, for U.S. $1.8 billion in cash.
8:00 PM EST | July 10, 2005
Unocal Acquires Stake in Georgian Black Sea License
JKX Oil & Gas reports that Unocal CAME IV Ltd will farm-in to the Georgia Black Sea license, comprising blocks IIa, IIb and III, held by Anadarko Georgia Ltd, BP Exploration Operating Company and Turkish Petroleum Overseas Company.
8:00 PM EST | July 05, 2005
Unocal Provides Update on Earnings, Production, Operating Activities
The company said it expects second quarter 2005 adjusted after-tax earnings of $1.65 to $1.70 per share. This compares with the Thomson/First Call mean of analyst estimates of $1.36 per share.
8:00 PM EST | June 30, 2005
CNOOC – Unocal: A Strategic Perspective for Southeast Asia
China's acquisition of Unocal might be more than a bid for more oil to feed Chinese economic growth. The purchase might be a strategic ploy by the Chinese government to become the leading supplier of natural gas to several key economies in Southeast Asia, and to use the natural resources in the area as leverage in its quest for expansion and power projection.
8:00 PM EST | June 29, 2005
SEC Clears Chevron, Unocal to Hold Stockholder Vote
The Securities and Exchange Commission has cleared Chevron Corporation's registration statement for the Unocal transaction, providing the company the ability to have its merger agreement with Unocal Corporation sent to Unocal stockholders for a vote on August 10, 2005.
8:00 PM EST | June 28, 2005
Unocal Sets Date of Special Meeting for Vote on Chevron Merger
Unocal Corporation's board of directors has set Aug. 10, 2005, as the date of the special meeting of Unocal's stockholders at which a vote is scheduled to be taken on the proposed merger with Chevron Corporation.
8:00 PM EST | June 28, 2005
Unocal: What's The Big Surprise?
China's bid for Unocal has shaken the global economy. Why anyone is surprised is beyond us. But the repercussions are likely to reshape the world, no matter what the outcome is.
8:00 PM EST | June 23, 2005
CNOOC Chairman Makes Statement
CNOOC is extremely pleased that Unocal has indicated today they will begin engaging in talks concerning our all cash offer. We are prepared to start immediately.
8:00 PM EST | June 23, 2005
Unocal Receives Waiver Enabling It to Engage in Discussions with CNOOC
Unocal has received a waiver from Chevron enabling Unocal to engage in discussions with CNOOC Limited and its representatives concerning a transaction proposed by CNOOC Limited at any time until the date of the Unocal stockholder vote on the proposed merger with Chevron.
8:00 PM EST | June 23, 2005
Fitch Revises Unocal's Rating Watch to Evolving
Fitch Ratings has revised the Rating Watch on Unocal Corporation (UCL; Unocal) to Evolving from Positive following the proposed offer by CNOOC to purchase Unocal in an all-cash transaction valued at $18.5 billion.
8:00 PM EST | June 23, 2005
Chevron Makes Statement on Unocal Transaction
Chevron stands behind its April 4, 2005, merger agreement with Unocal, which has been approved by the boards of both companies. The Chevron/Unocal agreement combines compelling value, regulatory certainty and accelerated timing, providing a superior transaction for Unocal stockholders.
8:00 PM EST | June 22, 2005
Federal Trade Commission Accepts Chevron's Acquisition of Unocal
The Federal Trade Commission has notified Chevron Corporation and Unocal Corporation that Chevron's plans to acquire Unocal have been accepted by the commission, pending public comment.
8:00 PM EST | June 09, 2005
Unocal Successfully Starts Thai Oil Expansion Project
Unocal has successfully started up the second oil central processing platform at the Platong operating area in the Gulf of Thailand.
8:00 PM EST | June 08, 2005
Chevron and Unocal Reach Agreement with Federal Trade Commission Staff
Chevron and Unocal said they executed agreements with the Federal Trade Commission staff proposing a settlement to resolve all outstanding FTC issues associated with Chevron's proposed acquisition of Unocal.
8:00 PM EST | June 07, 2005
Eni Begins Production from K2 Field in the Gulf of Mexico
The first well placed on production has an initial flow rate of 8,000 barrels of oil equivalent (BOE) per day. The K2 field is located in 1,200 meters of water depth, at an average reservoir depth of 8,500 meters, and has estimated resources in excess of 100 million BOE.
8:00 PM EST | May 25, 2005
Unocal Board Declares Regular Quarterly Dividend
Unocal Corporation's board of directors declared a regular quarterly dividend of 20 cents per share on the common stock of the company.
8:00 PM EST | May 22, 2005
Unocal Extends Contract with Blake Offshore
Blake Offshore, L.L.C. has been awarded another contract extension from Unocal.
8:00 PM EST | May 19, 2005
Unocal to Sell Western Canadian Upstream Assets
Unocal intends to seek proposals from qualified prospective purchasers for the sale of its Northrock subsidiary's western Canada crude oil and natural gas exploration and production assets.
8:00 PM EST | May 09, 2005
Unocal Reports Record Quarterly Earnings; Net Up 69%
Unocal reported preliminary net earnings for the first quarter 2005 of $454 million, or $1.66 per share (diluted), 69 percent above the $269 million, or $1.00 per share (diluted), reported in the same period a year ago.
8:00 PM EST | April 27, 2005
US Senators Urge FTC To Block Chevron-Unocal Deal
U.S. Sen. Charles Schumer, D-N.Y., and several other senators, are calling on the Federal Trade Commission to block ChevronTexaco Corp.'s planned purchase of Unocal Corp.
8:00 PM EST | April 18, 2005
ChevronTexaco Announces Agreement to Acquire Unocal
ChevronTexaco and Unocal announced that ChevronTexaco would acquire Unocal in a stock and cash transaction valued at approximately $18 billion, including net debt.
8:00 PM EST | April 03, 2005
Unocal Makes Discovery in Northwest Territories, Canada
Unocal's Canadian subsidiary, Northrock Resources Ltd., has made a hydrocarbon discovery on the Summit Creek prospect in the Central Mackenzie Valley area of the Northwest Territories in Canada.
7:00 PM EST | March 29, 2005
Unocal Starts Production from Moulavi Bazar Field
Unocal has started production from the Moulavi Bazar gas field in Bangladesh. The field is currently producing more than 70 million cubic fee of gas per day.
7:00 PM EST | March 21, 2005
Unocal Extends Mad Dog Field with Appraisal Well
Unocal said that an appraisal well drilled on the deepwater Mad Dog Southwest Ridge in the Gulf of Mexico encountered significant hydrocarbon pay. The discovery was further delineated by three sidetracks.
7:00 PM EST | March 21, 2005
Unocal Reaches Settlement in Yadana Pipeline Lawsuit
The parties to several lawsuits related to Unocal's energy investment in the Yadana gas pipeline project in Myanmar/Burma announced that they have settled their suits.
7:00 PM EST | March 20, 2005
Aker Kvaerner Wins Contract from Unocal Thailand
Unocal Thailand has awarded Aker Kvaerner a contract for the supply of surface wellhead equipment and associated services to be used within its Gulf of Thailand operations.
7:00 PM EST | March 06, 2005
Enventure Sets New Length Installation Record in GoM
Enventure Global Technology recently announced the successful installation of approximately 5,100 ft. of Solid Expandable Tubulars for Unocal in a Gulf of Mexico well.
7:00 PM EST | February 08, 2005
Unocal Reports Preliminary YE04 Reserves of 1.75 Billion BOE
Unocal Corporation reported its preliminary natural gas and crude oil reserves estimate of 1.754 billion barrels-of-oil equivalent (BOE) at year-end 2004. The 2004 results compare with 1.759 billion BOE a year earlier.
7:00 PM EST | January 31, 2005
Unocal Reports 4Q 2004 Net Earnings Up 49%
Unocal Corporation (NYSE: UCL) reported preliminary net earnings for the fourth quarter 2004 of $268 million, or $1.00 per share (diluted), 49 percent above the $180 million, or 68 cents per share (diluted), reported in the same period a year ago.
7:00 PM EST | January 31, 2005
BP Begins Production at Mad Dog in Deepwater Gulf of Mexico
BP announced start-up of oil and natural gas production from the Mad Dog development, located in the deepwater Gulf of Mexico, approximately 200 miles South of New Orleans.
7:00 PM EST | January 17, 2005
China: Expanding Into U.S. Oil Sweet Spot?
China continues its attempt to become a major global oil producer. Having mishandled and prematurely depleted the reserves within its own borders, it has embarked on a strategy of global acquisitions. The latest acquisition attempt, is a big step for the Chinese, as they are reportedly attempting to buy a top tier U.S. oil and exploration company.
7:00 PM EST | January 06, 2005
Unocal Begins Redemption of Securities
Unocal Corporation said that Unocal Capital Trust has given notice to the Bank of New York (as trustee) to redeem the remaining outstanding 6-1/4% Trust Convertible Preferred Securities.
7:00 PM EST | December 16, 2004
Smedvig Secures New Contract for T-3 in Thailand
Smedvig has been awarded a letter of intent by Unocal Thailand for the self-erecting tender rig T-3 in the Gulf of Thailand.
7:00 PM EST | December 15, 2004
Unocal Drills Duster in the Gulf of Mexico
Unocal has concluded drilling operations at its Sequoia prospect in the Gulf of Mexico deepwater.
7:00 PM EST | December 14, 2004
Santos Secures Further Indonesian Exploration Acreage
Santos has entered into agreements with Total and Inpex whereby Santos will obtain both companies' entire equity interests in the Donggala Production Sharing Contract (PSC) in the Kutei Basin, offshore Indonesia.
7:00 PM EST | November 28, 2004