Post Archive by Day: November 2, 2018

US Shale Consolidation Heats Up as Firms Mull Long-Term Survival

02 November 2018 Topics: Asset/portfolio management Shale oil Getty Images M&A encana Newfield Exploration Denbury Resources Chesapeake Energy consolidation oilfield services Three big deals among big US shale operators hit the newswires in earnest this week, and even more upstream industry consolidation could be on the horizon. On 29 October, shale enhanced oil recovery champion Denbury Resources and Eagle Ford

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Sinopec and BASF sign MoU to expand cooperation in China

2018-11-02 Sinopec’s Chairman Dai Houliang(L) shakes hands with BASF’s Chairman Martin Brudermüller(R) at the MoU signing ceremony. (Photo/Zhang Zheng) Sinopec signed a memorandum of understanding (MoU) with Germany’s BASF in Beijing on October 28. The partners intend to build an additional steam cracker in Nanjing, China, with 1 million mt/year of ethylene capacity. Additionally, the two companies will further expand

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Sinopec Corp’s net profit for 9M 2018 surges 52.7% Y-o-Y to RMB 60.1 billion

2018-11-02 On October 30, Sinopec Corp. announced its unaudited results for the nine months ended 30 September 2018. In accordance with the International Financial Reporting Standards (IFRS), Sinopec Corp’s operating profit was RMB 85.865 billion, up 54.0% year-on-year; net profit attributable to equity shareholders of the Company was RMB 60.155 billion, up 52.7% year-on-year; basic earnings per share were RMB

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FUGRO’S GEOTECHNICAL TALENT AND PROJECT PERFORMANCE RECOGNISED WITH INDUSTRY AWARDS

Fugro has come away from this year’s British Drilling Association (BDA) awards with success in categories celebrating exceptional individuals, industry excellence and project performance in the geotechnical field. Wallingford, UK 02 Nov 2018 Chris Jones picked up the award for Lead Driller of the Year, which recognises those who have made ‘an outstanding contribution to the British drilling industry.’ With

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Strategic alliances and innovative collaboration drive performance excellence in upstream projects

02 November 2018 With a presence in Algeria spanning more than two decades, our Group Chief Executive, Ayman Asfari, was well placed to share insights on strategic alliances and innovative collaboration in upstream oil and gas at the Algeria Future Energy Conference: How can strategic partnerships drive performance excellence in upstream projects? “We see opportunities to reduce cost and project

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Chevron Reports Third Quarter Net Income of $4.0 Billion

Record quarterly oil-equivalent production of 2.96 million barrels per day, 9 percent higher than a year earlier Third quarter cash flow from operations of $9.6 billion Share repurchases of $750 million San Ramon, Calif., Nov. 2, 2018 – Chevron Corporation (NYSE: CVX) today reported earnings of $4.0 billion ($2.11 per share – diluted) for third quarter 2018, compared with $2.0

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Anadarko to Participate at Upcoming Global Energy Conference

HOUSTON, Nov. 1, 2018 /PRNewswire/ — Anadarko Petroleum Corporation (NYSE: APC) today announced that Danny Brown, Anadarko Executive Vice President, U.S. Onshore Operations, will participate at the Bank of America Merrill Lynch 2018 Global Energy Conference on Thursday, Nov. 15, 2018, at 4:20 p.m. EST inMiami. The link to the audio webcast presentation will be available in the Investor section

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