News
Chevron keeps $20B capital budget in 2020, records $10B impairment charge
Chevron will hold its 2020 capital and exploration budget flat at $20 billion, while also recording more than $10 billion in impairment charges on assets that have lost value primarily from weak natural gas prices,...
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Shell contracts for 4G LTE network in the Gulf of Mexico
Royal Dutch Shell will extend 4G LTE wireless networks across all of its operations in the Gulf of Mexico in order to speed up its offshore digitalization efforts. Source: FuelFix
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Houston private equity buys Austin oil and gas firm for $200M
A Houston private equity firm will buy Austin-based Jones Energy for more than $200 million to create a larger shale player in Oklahoma and the Texas Panhandle. Source: FuelFix
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Devon partners with Dow in shale
Devon Energy will partner with the chemical giant Dow to develop much of its shale oil and gas acreage in Oklahoma. Source: FuelFix
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ExxonMobil wins in climate change lawsuit in New York
ExxonMobil prevailed Tuesday in its much-watched legal battle with the state of New York, beating back claims that it misled investors for years in how it calculated the financial risks of climate change. The high-profile...
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