Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Three majors with substantial oil and gas operations in Southeast Asia announced large donations to the relief efforts there, following the disastrous earthquake and tsunami that devastated the region the day after Christmas. ExxonMobil Corp., which employs about 5,000 people in Indonesia, Thailand, Malaysia and India, said it is donating cash to relief efforts. The company had already made available its air transportation for medical personnel in the region. ExxonMobil will also match employee and retiree contributions, it said. One of its largest facilities is a natural gas production operation in Aceh province, the area hardest hit, but shipments of gas have continued. ChevronTexaco announced it will contribute $1.2 million to the relief efforts. ConocoPhillips also announced a $1-million donation. Although it has substantial facilities in the region, it reported no damage to operations. -Leslie Haines
Recommended Reading
ConocoPhillips EVP of Strategy, Sustainability, Technology Macklon to Retire
2024-02-16 - Dominic Macklon, who began his career with Conoco in 1991, is set to retire ConocoPhillips May 1.
Halliburton Posts High Operating Margins for 2023
2024-01-24 - Halliburton’s CEO Jeff Miller says service intensity contributes to ongoing strong oilfield service fundamentals.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
The One Where EOG’s Stock Tanked
2024-02-23 - A rare earnings miss pushed the wildcatter’s stock down as much as 6%, while larger and smaller peers’ share prices were mostly unchanged. One analyst asked if EOG is like Narcissus.
Air Liquide Eyes More Investments as Backlog Grows to $4.8B
2024-02-22 - Air Liquide reported a net profit of €3.08 billion ($US3.33 billion) for 2023, up more than 11% compared to 2022.