The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and twenty-nine cents ($1.29) per share, an increase of ten cents ($0.10) per share or 8.4 percent. The dividend is payable March 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 18, 2020.
McDermott International, Inc. has announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the Company's funded debt, eliminating over $4.6 billion of debt.
In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and telltale signs have emerged that we are entering a new offshore investment cycle.
Talos Energy Inc. has announced the finalization of the third-party contingent resource evaluation of the Company's globally recognized Zama discovery commissioned from Netherland, Sewell & Associates, Inc. ("Netherland Sewell" or "NSAI"). Talos is the operator of Zama, located offshore Mexico, and holds a 35% working interest in Block 7 in a consortium with its partners Sierra Oil & Gas, a Wintershall DEA company, and Premier Oil plc (the "Consortium").
Oil and gas operators globally will continue to push for faster returns with shorter cycle investments, as the industry moves away from giant developments, according to leading data and analytics company GlobalData.
Following news that low oil prices will see Kuwait’s budget deficit widening in 2020;
Jonathan Moss, head of marine and trade at DWF, comments on the impact that the ensuing Middle Eastern crisis is having on the insurance market.
A dark cloud of capacity constraints is casting a shadow over the oilfield service industry heading into 2020, mirroring the sharp growth in the number of new projects being brought forward by oil and gas operators.
In terms of revenue, the ballast water treatment systems market is estimated to expand at a CAGR of ~10% during the forecast period, owing to numerous factors regarding which study offers thorough insights and forecasts in the ballast water treatment systems market report.
The most bountiful petroleum plays in the Middle East may no longer be storied gushers from the past but more technical offshore areas.
In the 2000’s national oil companies (NOCs) investing abroad were viewed as new competition to the international oil companies (IOCs). NOCs began acquiring international assets, whether to bolster security of supply for their growing economies, for energy diplomacy or simply to generate new profit streams abroad capitalizing on their domestic capabilities.
Siemens Gamesa Renewable Energy is moving forward in its strategy of making sustainability a key element of all aspects of its business, including its funding strategy.
Saudi Aramco is continuing to focus significant efforts on crude oil expansion, according to GlobalData, a leading data and analytics company.
The world’s oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. Last year recorded 26 discoveries of more than 100 million boe, with offshore regions dominating the list of new oil and gas deposits.
Seabras 1 Bermuda Ltd (“Parent”) and Seabras 1 USA LLC (“OpCo” and, together with Parent, the “Companies”) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the “Filings”).
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