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Chevron Revives Buyback of Up to $3B

Industry Headlines

Oil Prices Rose and Completed Fourth Consecutive Monthly Gain on Friday Share your comments
Friday, July 30, 2021Oil Prices finished up for the week ending July 30, 2021 and concluded a run of four consecutive positive months.

Who Wins and Loses from Commodity Price Surge? Share your comments
Friday, July 30, 2021The world's recovery from the coronavirus pandemic has sent prices for energy, metals, and food soaring.

USA Vehicle Miles Quietly Eclipse Pre-Pandemic Levels Share your comments
Friday, July 30, 2021An informed market watcher highlighted a significant milestone in demand this week, which is all the more noteworthy considering the continuation of certain Covid-19 related restrictions.

Oil Trims Weekly Gain as Delta Lingers Over Market Share your comments
Friday, July 30, 2021Oil declined, trimming a second weekly advance, as the latest Covid-19 comeback continued to cloud the short-term outlook ahead of the OPEC+ alliance adding more barrels to the market next month.

Oil Increases as Signs of Demand Strength Continues Share your comments
Thursday, July 29, 2021Oil rose the most in a week as investors see strong demand growth that should continue to whittle down oil supplies following positive signals from broader markets.

Texas Upstream Oil Economy on the Mend Share your comments
Thursday, July 29, 2021Midway through 2021, the Texas upstream oil and gas economy is on the mend.

Oil Up from 2-Week High as USA Stockpiles Decline Share your comments
Thursday, July 29, 2021Oil extended gains from a two-week high after U.S. crude and fuel stockpiles posted strong declines, signaling peak summer demand remains robust despite a resurgence of Covid-19.


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Exploration

TotalEnergies and Apache Corp Make Oil Find Share your comments
Friday, July 30, 2021TotalEnergies (NYSE: TTE) and Apache Corporation (NASDAQ: APA) have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname.

ExxonMobil Makes Significant Oil Find Offshore Guyana Share your comments
Thursday, July 29, 2021ExxonMobil (NYSE: XOM) has announced a 'significant' new oil discovery on the Stabroek Block offshore Guyana at Whiptail.

Shell Wins Stake in Sarawak Block Share your comments
Wednesday, July 28, 2021Petronas has awarded Block SK437 offshore Sarawak, Malaysia, to Petronas Carigali Sdn Bhd, Sarawak Shell Berhad, and Petroleum Sarawak Exploration and Production Sdn Bhd.

Active Well Servicing Metric Keeps Growing Share your comments
Tuesday, July 27, 2021The Energy Workforce & Technology Council has observed a gain in the North American well servicing rig count.

Oil Giants Hunt for Last Big Hit Along Brazil Coast Share your comments
Monday, July 26, 2021If an energy transition is underway around the world, it hasn't reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro's oil revival.

Seismic Cos Secure Survey Pre-Funding Share your comments
Monday, July 26, 2021TGS, PGS (OSE: PGS), and WesternGeco have secured pre-funding for a 2,471 square mile multi-client 3D survey in the Sarawak basin, offshore Malaysia.


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Production

Total and Equinor Are Said to Exit Venezuela Oil JV Share your comments
Thursday, July 29, 2021TotalEnergies and Equinor are exiting a key venture in Venezuela, adding to an exodus of foreign firms in recent years as the country's energy industry has withered.

Suncor Cuts Fort Hills Oil Output Guidance Share your comments
Thursday, July 29, 2021Suncor Energy Inc. cut its full-year production guidance at its Fort Hills oil sands mine.

SBM Offshore Signs 26 Year FPSO Deal with Petrobras Share your comments
Wednesday, July 28, 2021SBM Offshore has announced that it has signed contracts with Petroleo Brasileiro S.A. for the 26.25 year lease and operation of the FPSO Almirante Tamandare.

TotalEnergies Project Topsides Sail Away Share your comments
Tuesday, July 27, 2021Sembcorp Marine Ltd has completed the fabrication of two wellhead topsides, one riser topside, and two bridges for deployment to TotalEnergies' redeveloped Tyra Field. PHOTO CREDIT: Sembcorp Marine.

Shell and Chevron Sanction GOM Deepwater Project Share your comments
Monday, July 26, 2021The development will feature a 99% replicated hull and 80% replication of the Vito topsides.

Santos Sees Record at Van Gogh Asset Share your comments
Monday, July 26, 2021Australian energy company Santos has announced first oil from the Van Gogh Phase 2 Infill Development.


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Finance and Investing

Exxon Posts Highest Profit in More Than 2 Years Share your comments
Friday, July 30, 2021Exxon Mobil Corp. posted the highest profit in two years as prices for commodities and chemicals surged amid strong consumer demand for plastics.

Chevron Revives Buyback of Up to $3B Share your comments
Friday, July 30, 2021Chevron Corp. is reviving share buybacks that were suspended more than a year ago.

Eni Delivers Exceptional Results Share your comments
Friday, July 30, 2021Eni delivered exceptional results in the second quarter of the year, according to the company's chief executive officer.

Shell Hikes Dividend and Starts $2B Share Buyback Share your comments
Thursday, July 29, 2021Royal Dutch Shell raised its dividend by almost 40 percent and said it will buy back $2 billion of shares.

Big Oil Shows Confidence That Big Profits Era Is Back Share your comments
Thursday, July 29, 2021Europe's largest oil and gas companies showed confidence that the era of big profits is back by significantly boosting returns to shareholders.

Aramco to Sell More Assets in $Multibillion Push Share your comments
Friday, July 09, 2021The world's largest oil company, Saudi Aramco, is planning to raise tens of billions of dollars by selling more stakes in its businesses.


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Company Operations

KCA Deutag Creates New Business Unit Share your comments
Friday, July 30, 2021KCA Deutag has announced the creation of a new business unit named Kenera.

TotalEnergies Announces Amazon Partnership Share your comments
Thursday, July 29, 2021TotalEnergies (NYSE: TTE) has announced a new strategic collaboration with Amazon (NASDAQ: AMZN).

Transocean Awarded 2 Contracts in USA Gulf of Mexico Share your comments
Thursday, July 29, 2021Transocean (NYSE: RIG) has been awarded two contracts, which, on aggregate, contribute approximately $55.5 million in backlog.

Proserv Bags Deal for 22 Wellhead Control Panels Share your comments
Wednesday, July 28, 2021Proserv Controls has announced that it has secured a 'significant' contract to manufacture and deliver 22 wellhead control panels to Basra Oil Company.

BTC Miner Crusoe Energy Seeks Loan for Expansion Share your comments
Tuesday, July 27, 2021Data center company Crusoe Energy Systems Inc. is sounding out investor interest in a potential debt deal that would help grow the firm's Bitcoin mining business, according to people with knowledge of the mater.

Lime Rock Buys Texas Assets for $500MM+ Share your comments
Tuesday, July 27, 2021Lime Rock Resources has reached a definitive agreement to buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from a private seller.


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