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Analysis: Chevron vs. Oxy: Who fits Anadarko better?

10 hours ago DieselGasoil Comments Off on Analysis: Chevron vs. Oxy: Who fits Anadarko better?
By World Oil staff on 4/24/2019 HOUSTON — The third and latest offer (this time publicly) on Wednesday by Occidental Petroleum for Anadarko Petroleum has prompted a discussion among analysts as to whether the large independent’s assets are a better fit with Oxy or Chevron. Less than two weeks ago, Chevron announced that it had Read More

Talos Energy appoints Shane Young as executive V.P. and CFO

14 hours ago DieselGasoil Comments Off on Talos Energy appoints Shane Young as executive V.P. and CFO
4/24/2019 HOUSTON — Talos Energy Inc. has announced the appointment of Shannon E. young, III as executive V.P. and CFO of Talos, effective May 16, 2019. Michael L. Harding, II, currently executive V.P., CFO, chief accounting officer and treasurer, will continue to serve as the chief accounting officer of the company on an interim basis Read More

Archrock Announces Quarterly Cash Dividend

15 hours ago DieselGasoil Comments Off on Archrock Announces Quarterly Cash Dividend
HOUSTON, April 24, 2019 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced that its Board of Directors has declared a dividend of $0.132 per share of common stock, or $0.528 per share on an annualized basis. The dividend will be paid on May 15, 2019 to all stockholders of record on May 8, Read More

Oil States Announces First Quarter 2019 Results of Operations

16 hours ago DieselGasoil Comments Off on Oil States Announces First Quarter 2019 Results of Operations
HOUSTON, April 24, 2019 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss for the first quarter of 2019 of $14.6 million, or $0.25 per diluted share on revenues of $250.6 million and Consolidated EBITDA (Note A) of $21.4 million. The reported first quarter 2019 results included severance charges totaling $1.0 million ($0.8 million after-tax, or Read More

Occidental offers $38 billion for Anadarko, topping Chevron

19 hours ago DieselGasoil Comments Off on Occidental offers $38 billion for Anadarko, topping Chevron
HOUSTON (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion, or $57 billion including debt, for Anadarko Petroleum Corp, a bid that topped an offer by Chevron Corp. FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Read More

Shell has made a deepwater disciver in the U.S. Gulf of Mexico

22 hours ago DieselGasoil Comments Off on Shell has made a deepwater disciver in the U.S. Gulf of Mexico
4/24/2019 U.S. Gulf of Mexico Map. Photo: Equinor. THE HAGUE — Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has announced a significant discovery at the Blacktip prospect in the deepwater U.S. Gulf of Mexico. Evaluation is ongoing and appraisal planning is underway to further delineate the discovery and define development options. “Blacktip is Read More

RigNet Announces First Quarter 2019 Earnings Release Date and Earnings Call Information

24 hours ago DieselGasoil Comments Off on RigNet Announces First Quarter 2019 Earnings Release Date and Earnings Call Information
HOUSTON, April 24, 2019 (GLOBE NEWSWIRE) — RigNet, Inc. (NASDAQ: RNET) today announced that it will release its first quarter 2019 earnings results after the NASDAQ Exchange closes Monday, May 6, 2019. This release will be followed by an earnings call for investors on Tuesday, May 7, 2019, at 11:00 a.m. Eastern Time (10:00 a.m. Read More

Occidental makes Anadarko bid, seeks to derail Chevron deal

1 day ago DieselGasoil Comments Off on Occidental makes Anadarko bid, seeks to derail Chevron deal
By Simon Casey and Kevin Crowley on 4/24/2019 NEW YORK and HOUSTON (Bloomberg) — Occidental Petroleum is starting a bidding war for Anadarko Petroleum, making a $38 billion counteroffer in attempt to break up the proposed takeover by Chevron. Occidental said Wednesday it’s offering $76/share in cash and stock, a premium of about 20% over Read More

Occidental Makes Superior Proposal to Acquire Anadarko

1 day ago DieselGasoil Comments Off on Occidental Makes Superior Proposal to Acquire Anadarko
$76.00 Per Share Cash and Stock Proposal Represents Premium of Approximately 20% to Current Value of Transaction Accepted by Anadarko Would Create a $100+ Billion Global Energy Leader with over 1.4 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko Shareholders Expected to Be Accretive to Cash Flow and Free Read More

Kenneth Collins joins OspreyData as V.P. of production optimization and services

2 days ago DieselGasoil Comments Off on Kenneth Collins joins OspreyData as V.P. of production optimization and services
4/23/2019 Photo: Kenneth Collins, V.P. of production optimization & services, OspryData. HOUSTON — OspreyData, leader in AI-based production optimization solutions for oil & gas, announced that Kenneth Collins has joined as V.P. of product optimization & services. Collins is a seasoned oil & gas executive who brings 25 years of experience in all areas of Read More