Company Operations News for United States

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Noble Corporation Appoints New CEO
Friday, January 12, 2018 Offshore drilling contractor Noble Corporation plc reveals that Julie Robertson will succeed David Williams as the company's new chairman, president and CEO.

Liberty Oilfield Services CEO Sees Muted Response To Crude Price Rise
Friday, January 12, 2018 Oil producers are unlikely to significantly expand drilling budgets this year despite the recent run-up in crude prices, Liberty Oilfield Services' CEO says.

Gulfport Names Noble Energy Executive As Operations Chief
Wednesday, January 03, 2018 Gulfport Energy Corp has recruited Noble Energy Inc's head of Texas operations.

Weatherford Completes Schlumberger Deal for $430 Mln
Tuesday, January 02, 2018 Weatherford International plc completes the sale of its U.S. pressure pumping and pump-down perforating assets to a subsidiary of Schlumberger Limited.

SandRidge Yields To Icahn Pressure, Ends Bonanza Creek Deal
Friday, December 29, 2017 SandRidge Yields To Icahn Pressure, Ends Bonanza Creek Deal

GMG Launches New Oil & Gas Services Business Unit
Friday, December 22, 2017 Engineering services company Global Marine Group launches Global Offshore, a new business unit that will deliver trenching and power cable laying services to the oil and gas sector.

Cabot Oil And Gas To Sell Eagle Ford Assets Amid Cost-Cut Push
Wednesday, December 20, 2017 Cabot Oil & Gas Corp says it will sell its Eagle Ford Shale assets to a unit of Venado Oil & Gas LLC.

Zentech Introduces the Z-210 Liftboat
Monday, December 18, 2017 The Z-210 is the latest Zentech design, self-propelled, self-elevating, DP-2 (dynamically positioned) Liftboat.

Oil-Focused Engineering Firms McDermott, Chicago Bridge To Merge
Monday, December 18, 2017 McDermott International Inc and Chicago Bridge and Iron NV (CB&I) said they would combine to create a new company.

SandRidge Sets Poison Pill after Icahn Reveals Stake
Monday, November 27, 2017 SandRidge Energy says it adopted a shareholder rights plan, known as a 'poison pill', amid rising opposition from major shareholders to the oil producer's bid for rival Bonanza Creek Energy.

Baker Hughes: US Drillers Add The Most Oil Rigs In A Week Since June
Friday, November 10, 2017 US energy companies added the most oil drilling rigs in week since June as crude prices traded up to their highest levels since the summer of 2015.

France's Total Opens Washington Office As Iran Risks Loom
Friday, November 03, 2017 Total has opened an office in Washington in a bid to strengthen relations with the U.S. administration as the French oil and gas company prepares to invest billions in Iran.

Occidental 3Q Profit Beats Forecasts On Rising Oil Prices
Wednesday, November 01, 2017 Occidental Petroleum Corp posts a better-than-expected quarterly profit as rising commodity prices offset Hurricane Harvey's impact on operations.

Devon Energy 3Q Profit Beats Estimates
Tuesday, October 31, 2017 Devon reports a bigger-than-expected quarterly profit, helped by higher realized prices for oil.

New Contracts Drive Diamond Offshore's Profit Beat; Shares Rise
Monday, October 30, 2017 Diamond Offshore reports a higher-than-expected quarterly profit after securing more contracts for its deep-water drilling rigs at better rates.

ConocoPhillips' Profit Beats Estimates, But Budget Cut 10%
Thursday, October 26, 2017 ConocoPhillips, the largest US independent oil producer, reports a better-than-expected quarterly profit.

Whiting Petroleum Quarterly Loss Shrinks As Oil Prices Rise
Wednesday, October 25, 2017 Whiting Petroleum posts a quarterly loss that was smaller than analysts had expected, due in part to higher crude prices.

Whiting Petroleum Names Bradley Holly As CEO
Tuesday, October 24, 2017 Oil producer Whiting Petroleum Corp said it has appointed Bradley Holly as chief executive officer.

Halliburton CEO Defends Fracking Business as Margins Disappoint
Monday, October 23, 2017 Fracking isn't looking so great for the world's biggest fracker, but the CEO of Halliburton says he can pull some levers to improve profits.

Emerson Expands Technology Footprint, Acquires Paradigm
Tuesday, October 17, 2017 Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry.

India's Reliance Sells US Shale Asset for $126 Mln
Friday, October 06, 2017 Reliance bought the Marcellus asset in 2010 for $392 million.

U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate
Thursday, October 05, 2017 Oil and natural gas producers began evacuating staff at U.S. Gulf of Mexico platforms ahead of Tropical Storm Nate, the second storm in as many months to threaten Gulf Coast oil and refining facilities.

Jon Huntsman Drops Off Chevron's Board After Winning Moscow Post
Tuesday, October 03, 2017 Jon Huntsman quits Chevron's board.

Harvey Strikes Employment: CB&I Lays Off Hundreds
Monday, September 25, 2017 Damages sustained by Hurricane Harvey have forced the closure of one of CB&I's facilities in Beaumont, Texas.

Baker Hughes: US Oil Drillers Cut Rigs As Recovery Stalls
Friday, September 08, 2017 US energy firms cut oil rigs for a third time in the past four weeks as a 14-month drilling recovery stalls with energy firms reducing spending plans in response to recent crude price declines.

North American Exodus At PetroChina Sparks Speculation Of Company Shift
Wednesday, August 23, 2017 A flurry of departures across the US and Canadian units of PetroChina have sparked speculation that the oil trader is reducing its presence in North America.

BHP To Quit US Shale Business As Annual Profit Surges
Tuesday, August 22, 2017 BHP Billiton reported a surge in underlying full-year profits and said it would exit its underperforming US shale oil and gas business.

Chevron's Watson Said to Plan to Step Down, Journal Reports
Tuesday, August 22, 2017 John Watson, who has led Chevron since 2010, is planning to step down as the oil major seeks a new CEO, the Wall Street Journal says.

Baker Hughes: US Drillers Cut Oil Rigs For Second Week In Three
Friday, August 18, 2017 US energy firms cut oil rigs for a second week in three, data shows, with drillers cutting spending plans in reaction to declining crude prices.

Chesapeake To Cut Rig Count, Bring Fewer Wells To Production
Thursday, August 03, 2017 Chesapeake beats quarterly profit estimates, but says it plans to cut its rig count and bring fewer wells into production this year.

EOG Resources Profit Disappoints, But Sticks By CAPEX
Tuesday, August 01, 2017 EOG Resources Inc posted a lower-than-expected quarterly profit.

Devon Energy Trims Full-Year Spending
Tuesday, August 01, 2017 Devon Energy trims its full-year exploration spending by $100 million, joining a growing list of US shale producers.

Pioneer Natural Trims 2017 Budget, Cites Weak Oil Prices
Tuesday, August 01, 2017 Pioneer Natural Resources Co posted a better-than-expected profit, but said it would trim its 2017 capital budget.

Baker Hughes Quarterly Loss Narrows; Expects Slower Activity In 2H
Friday, July 28, 2017 Oilfield services provider Baker Hughes, now part of GE, expects growth in North American onshore activity.

Anadarko Becomes First US Oil Producer To Slash 2017 CAPEX
Monday, July 24, 2017 Anadarko Petroleum posts a larger-than-expected quarterly loss and said it would cut its 2017 capital budget.

QEP Resources To Sell Wyoming Natgas Assets For About $740MM
Monday, July 24, 2017 QEP Resources says it will sell its natural gas assets in Wyoming.

GE Sinks as Oil Outlook Sputters, Marring End of Immelt's Tenure
Friday, July 21, 2017 Even in his final days as General Electric Co.'s CEO, Jeffrey Immelt can't escape the stench of oil.

Halcon Pivots to Permian with $1.4 Billion Bakken Deal
Tuesday, July 11, 2017 Shale oil producer Halcon Resources Corp said it would sell most of its North Dakota operations for $1.4 billion cash, part of a plan to shift its focus to Texas' Permian Basin, the largest U.S. oilfield.

Freeport-McMoRan Cuts Another 25 Jobs
Monday, July 10, 2017 Houston-based Freeport-McMoRan Oil and Gas is conducting another round of layoffs due to asset sales.

Halliburton in Summit Acquisition
Thursday, July 06, 2017 Halliburton Company announces the acquisition of Summit ESP, a provider of electric submersible pump (ESP) technology and services.

Michigan Fires Contractor Doing Enbridge Oil Pipeline Risk Analysis
Wednesday, June 21, 2017 The US State of Michigan said it has fired a consultant after state officials discovered a conflict of interest with an employee of the company.

Oil And Gas Producer EQT To Buy Rice Energy In $6.7B Deal
Monday, June 19, 2017 EQT to buy Rice Energy for $6.7 billion in its biggest deal ever, as it looks to expand its natural gas business.

WPX Forms JV To Develop Midstream Assets In Permian Basin
Tuesday, June 13, 2017 U.S. oil and gas producer WPX Energy Inc agrees to form a joint venture with privately held Howard Energy Partners to develop oil gathering and natural gas processing infrastructure in the Permian.

Encana To Sell Natgas Assets To Caerus Oil For $735MM
Friday, June 09, 2017 Encana says it will sell its Piceance natural gas assets in northwestern Colorado for $735 million.

Nearly 100 Oil, Gas Workers in Texas to Lose Jobs
Wednesday, June 07, 2017 Two oil and gas companies have announced they will be reducing their workforces in Texas.

Halliburton CEO To Retire Next Month, Be Replaced By Jeff Miller
Wednesday, May 17, 2017 Halliburton says that Chief Executive Officer Dave Lesar will retire on June 1.

BP Accuses Former Oil Analyst Of Stealing Trade Secrets
Friday, May 12, 2017 BP has sued a former US oil analyst for allegedly stealing trade secrets and other confidential information, according to court filings.

Freeport-McMoRan Oil & Gas Lays Off Dozens More in Houston
Monday, May 08, 2017 The oil and gas company announces another round of layoffs due to the company's divestiture of assets in onshore California and the Gulf of Mexico.

Marathon Oil's Loss Smaller Than Expected On Higher Crude Prices
Friday, May 05, 2017 Marathon Oil reports a smaller-than-expected quarterly loss.

Apache Raises North America Output Forecast, Swings To Profit
Thursday, May 04, 2017 Apache swings to a first-quarter profit on higher oil prices and one-time property sales.

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