Big Oil shares sink while Chevron prepares for Noble Energy takeover
Noble Energy will today approve a buyout by US oil giant Chevron, at a stock value of $4.2bn.
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Social media reacts to American companies’ first quarter results
As the coronavirus pandemic continues, ExxonMobil, Chevron and Phillips 66 all posted their Q1 2020 results today, giving the industry a good idea of how it is coping.
Subsea 7 to provide installation services in Gulf of Mexico
Offshore installation and construction firm Subsea 7 has secured a contract to provide subsea installation services for Anchor field in the US Gulf of Mexico.
Coronavirus spending cuts spread to wider industry – the numbers
Since Monday, several companies have announced cuts to capital expenditure in reaction to the coronavirus pandemic. Find out how much each has cut here.
Chevron and Phillips 66 latest to make coronavirus spending cuts
Two US oil and gas giants, Chevron and Phiullips 66, have joined others in announcing coronavirus spending cuts.
Aker Solutions to supply umbilicals for Chevron in Gulf of Mexico
Norwegian engineering firm Aker Solutions has signed a master supply agreement with Chevron. Aker will provide umbilicals for oil and gas fields in the US Gulf of Mexico. Under the…
How the Covid-19 coronavirus is affecting the offshore industry
The World Health Organisation has declared the Covid-19 coronavirus outbreak a pandemic, and many companies are taking precautions against the impact and spread of the virus. The virus has forced…
Chevron acquires Anadarko Petroleum for $50bn
American oil and gas multinational Chevron has acquired all of the outstanding shares of hydrocarbon exploration company Anadarko for $50bn. The stock and cash transaction for Anadarko’s shares is valued…
