Business Wire

  1. ExxonMobil Expands Low-Emissions Technology Research With Universities In India

    ExxonMobil said recently that it has signed agreements with the Indian Institute of Technology locations in Madras and Bombay, further expanding its extensive portfolio of research collaboration with India’s universities.

  2. Roan Resources Enters Into Definitive Merger Agreement To Be Acquired By Citizen Energy

    Roan Resources, Inc. (“Roan” or the “Company”) recently announced that it has entered into a definitive merger agreement to be acquired by Citizen Energy Operating, LLC (“Citizen Energy”), an affiliate of Warburg Pincus LLC (“Warburg Pincus”), in an all-cash transaction valued at approximately $1.0 billion, including Roan’s funded net debt of approximately $780 million as of September 30, 2019.

  3. ExxonMobil To Sell Norway Upstream Operations For $4.5B

    ExxonMobil signed an agreement recently with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5B as part of its previously announced plans to divest approximately $15B in non-strategic assets by 2021.

  4. Chevron To Boost Production At St. Malo Field In The Gulf Of Mexico

    Chevron Corporation recently announced the sanction of a waterflood project in the St. Malo field. This application of enabling technology is expected to increase recovery and advance Chevron’s strategy of maximizing the company’s existing resources in the Gulf of Mexico.

  5. Baker Hughes, A GE Company Announces Closing Of Secondary Offering By GE And Its Share Repurchase

    Baker Hughes, a GE company announced recently the closing of a secondary offering (the “offering”) of 132.25 million shares of BHGE Class A common stock, par value $0.0001 per share (the “Class A common stock”) by General Electric Company (“GE”) and GE Oil & Gas US Holdings I, Inc., GE Holdings (US), Inc. and GE Oil & Gas US Holdings IV, Inc. (collectively, together with GE, the “selling stockholders”)

  6. ExxonMobil Announces Oil Discovery Offshore Guyana At Tripletail

    ExxonMobil said recently it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area.

  7. BHGE And Announce Release Of First AI Application - BHC3 Reliability

    Baker Hughes, a GE company and recently announced the launch of BHC3 Reliability, the first artificial intelligence (AI) software application developed by the joint venture.

  8. Concho Resources Inc. To Sell New Mexico Shelf Assets For $925M And Initiate $1.5B Share Repurchase Program

    Concho Resources Inc. (“Concho” or the “Company”) recently announced that it has entered into a definitive agreement to sell its assets in the New Mexico Shelf (the “Shelf”) to an affiliate of Spur Energy Partners LLC for $925M.

  9. ExxonMobil And Mosaic Materials To Explore New Carbon Capture Technology

    ExxonMobil and Mosaic Materials said today that they have entered into an agreement to explore the advancement of breakthrough technology that can remove carbon dioxide from emissions sources.

  10. Indianola Energy, LLC Receives $100M Equity Commitment To Pursue New Upstream Strategy

    Indianola Energy, LLC (“Indianola”) recently announced a $100M equity commitment from members of the management team and Kayne Anderson Energy Fund VIII, L.P., a fund managed by Kayne Anderson Capital Advisors, L.P. (“Kayne Anderson”).