Restructurings , Earnings , Exploration & Production , Drilling

Offshore Driller Noble Corp. to Emerge from Chapter 11 Bankruptcy

Noble Holding Corp. revealed on Nov. 23 that the United States Bankruptcy Court for the Southern District of Texas has issued an order approving the company’s Joint Plan of Reorganization.

November 24, 2020

Earnings , Exploration & Production , Technology

Wintershall Dea Looks beyond Pandemic, Costs to Fall, Volumes to Rise

German oil and gas company Wintershall Dea said Nov. 23 the low commodity prices caused by the coronavirus crisis had hit its third-quarter results, but that sustainably lower operating costs and higher output would help long-term.

November 23, 2020

Public Capital , Earnings , Exploration & Production , Emissions , Shale Plays

Occidental Caps 2021 Spending, Sets Net-Zero Emissions Target

Occidental is returning drilling rigs to work in the Permian Basin in the southwestern U.S. and in Colorado this quarter, and returned a drillship to the Gulf of Mexico in early October.

November 10, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

Occidental Petroleum Posts Fourth Straight Adjusted Loss

Occidental Petroleum has been forced to slash jobs, production and the value of its oil and gas assets as it struggles with the debt taken on in last year's $38 billion acquisition of Anadarko Petroleum.

November 9, 2020

Earnings , Construction

Cheniere Earnings Miss Third-Quarter Estimates

The company said the third train at its Corpus Christi LNG plant is expected to be complete in first-quarter 2021.

November 6, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

US Shale Producer Marathon Oil Posts Fourth Straight Quarterly Loss

Marathon Oil reported a loss of $317 million, or 40 cents per share, for the quarter ended Sept. 30, compared to a profit of $165 million, or 21 cents per share, a year earlier.

November 4, 2020

Public Capital , Earnings

Saudi Aramco Reports Nearly 45% Drop in Quarterly Profit

State oil giant Saudi Aramco on Nov. 3 reported a 44.6% drop in third-quarter net profit as the coronavirus crisis continued to choke demand and weigh on crude prices.

November 3, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

Shale Producers Diamondback, WPX Energy Post Third Straight Quarterly Loss

Shale drillers Diamondback Energy Inc. and WPX Energy Inc. reported third straight quarterly losses on Nov. 2, as coronavirus-induced lockdowns hammered crude prices.

November 2, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

Exxon Mobil Posts Third Straight Quarterly Loss While Chevron Reports Profit

Oil companies last quarter continued to suffer from weak prices for their products, but rivals Chevron, Shell and BP also posted higher-than-expected results after deep cost cuts this year.

October 30, 2020

Earnings , Exploration & Production , Shale Plays

Devon Energy Cuts Capex Forecast Again on Improved Well Performance

Devon Energy said it now expects exploration and production capex to be between $950 million and $990 million, $10 million lower at the top end of an earlier forecast, its third reduction to the budget since March.

October 29, 2020