Each month online at OilandGasInvestor.com, one company will be featured for its corporate citizenship. I decided to start this feature because many companies are contributing both to non-profit organizations and individuals within their organization in need, yet these energy companies are rarely acknowledged. They are heroes to non-profits and NGOs worldwide. The first company to be featured as a Corporate Citizen is StatoilHydro, which just signed an agreement with Houston Dynamo to be the presenting sponsor of their youth and player development system. In addition to community involvement in the U.S., the Norwegian-based company manages several international sustainability programs. To nominate a company for Corporate Citizen recognition, e-mail me at lgoodier@hartenergy.com with a short description of the company's efforts.
Recommended Reading
US Oil, Gas Rig Count Falls to Lowest Since January 2022
2024-05-03 - The oil and gas rig count, an early indicator of future output, fell by eight to 605 in the week to May 3, in the biggest weekly decline since September 2023.
Pemex Reports Lower 2Q Production and Net Income
2024-05-03 - Mexico’s Pemex reported both lower oil and gas production and a 91% drop in net income in first-quarter 2024, but the company also reduced its total debt to $101.5 billion, executives said during an earnings webcast with analysts.
Chouest Acquires ROV Company ROVOP to Expand Subsea Capabilities
2024-05-02 - With the acquisition of ROVOP, Chouest will have a fleet of more than 100 ROVs.
SLB, OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor
2024-05-02 - Work is expected to begin immediately on Equinor’s Wisting and Bay Du Nord projects.
SilverBow Makes Horseshoe Lateral in Austin Chalk
2024-05-01 - SilverBow Resources’ 8,900-foot lateral was drilled in Live Oak County at the intersection of South Texas’ oil and condensate phases. It's a first in the Chalk.