Archives for September 2018
Stephen Chazen: Magnolia aims to be $10B company in 5 years
Stephen Chazen, the former chief executive of Occidental Petroleum Corp. , said he expects to put 40 percent of cash flow of his recently launched company, Magnolia, toward small acquisitions. Source: FuelFix
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Private equity boosts activity in the Gulf of Mexico
More private equity players are starting to inject funds and jumpstart new drilling activity in the Gulf to fill the void left by many of the larger independent exploration and production companies. With a few...
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West Texas' Permian losing luster as companies look elsewhere
A new government report says that a lack of pipeline capacity in West Texas’s Permian Basin oil field is forcing companies to look elsewhere to invest in drilling and production. Source: FuelFix
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Exxon, Chevron, Occidental join European climate group
Three of the largest U.S. oil companies, Exxon Mobil, Chevron and Occidental Petroleum, announced Thursday they had joined the Oil and Gas Climate Initiative, a London-based industry group with the mission of reducing greenhouse gas...
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