• Tampa Bay Buccaneers wide receiver Mike Evans. Image courtesy of Keith Allison/Flickr.

    #CatchBucsFever: Chevron in big sponsorship deal with Tampa Bay Buccaneers

    Chevron signed a multi-year sponsorship deal on Tuesday with the Tampa Bay Buccaneers. The company ...

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  • Repsol chairman Antonio Brufau. Image courtesy of Repsol.

    The pain spreads: Repsol plans 1,500 job cuts

  • Image courtesy of Glassdoor.com.

    Schlumberger scraps $1.7 billion bid for Russia driller

  • rig count down arrow four

    U.S. rig count slips by 4

  • President Barack Obama. Image courtesy of Pete Souza/The White House.

    Federal court halts Obama fracking rules

Recent Posts

Forget the repairs: ExxonMobil sells damaged Torrance refinery to PBF Energy

ExxonMobil's Torrance refinery. Image courtesy of ExxonMobil.

ExxonMobil said Wednesday it has agreed to sell its refinery in Torrance, California along with other assets to PBF Energy for an undisclosed amount. PBF Energy will acquire the Torrance refinery that was damaged by a blast last February as well as a lubricants distribution center at Vernon, products terminals at Vernon and Atwood, and associated California pipelines and other ...

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Four sad oil CEOs and the reasons why :(

Shell CEO Ben van Beurden. Image courtesy of Shell/Youtube.

1. Woodside ‘surprised and disappointed’ after Oil Search rejects $8 billion takeover bid   2. Cuts at the top: TransCanada fires 20 percent of senior management   3. Arctic bust: Shell abandons $3 billion Alaska well     4. Head office takes a hit: Chesapeake Energy cuts 740 jobs

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Head office takes a hit: Chesapeake Energy cuts 740 jobs

Chesapeake Energy CEO Doug Lawler. Image courtesy of Chesapeake/Youtube.

Oklahoma-based Chesapeake Energy cut 15 percent of its workforce on Tuesday as its share price sank nearly 70 percent year over year. According to Dow Jones Business News, the company laid off 740 employees, with about 560 of those cut positions based out of its head office in Oklahoma. Chesapeake told the AP that laid off employees will receive up ...

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Halliburton, Baker Hughes put more assets on sale block

Halliburton president, CEO and chairman  David Lesar. Image courtesy of UTEP Miners/Youtube.

Houston-based service firms Halliburton and Baker Hughes said Monday they will put more assets on the sale block as they approach the finish line for their $34.6 billion merger. Halliburton said it intends to divest from its expandable liner hangers business, part of the company’s Completion & Production Division. Baker Hughes plans to divest from its core completions business that ...

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Report: ExxonMobil will delay restart of Torrance refinery

ExxonMobil's Torrance refinery. Image courtesy of ExxonMobil.

ExxonMobil has reportedly pushed back the ramp-up date for its Torrance refinery as it scraps plans for short term repairs in favor of longer term solutions, the LA Times said. The Torrance refinery is currently operating at about 20 percent capacity after it was rocked by an explosion last February that injured four people. Sources close to the matter told ...

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Cuts at the top: TransCanada fires 20 percent of senior management

TransCanada president and chief executive officer Russ Girling. Image courtesy of TransCanada Corporation/Youtube.

Pipeline firm TransCanada said Thursday it plans to cut about twenty percent of its senior leadership positions this year and will evaluate the need for further staff cuts. According to the Globe and Mail, the company will axe about one-fifth of its vice-president and senior vice-president positions, most likely through a combination of layoffs and retirements. A member of the ...

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First oil from Eni Goliat field faces delays, still targeting 2015 start up

The Goliat FPSO. Image courtesy of Eni.

Italy’s Eni could be facing production delays at the Goliat project, the world’s first developed Arctic field, as the company waits for a green light from Norwegian regulators. According to Reuters, the company is still waiting for permission to begin production at Goliat but expects the field to come onstream this year. A spokesperson for the Norwegian Petroleum Safety Authority ...

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Blowout news: Encana caps Alberta gas well after six days

Image courtesy of Encana Corporation.

Encana said Sunday it was able to cap a natural gas well that had been leaking for six days. The blow out occurred on September 21 about 11 miles west of Fox Creek, the Alberta Energy Regulator reported. Fox Creek is located in the Duvernay play in west central Alberta. The well is licensed for hydrogen sulfide, a toxic gas ...

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Second Bergen Group subsidiary files for bankruptcy

Bergen Group Hanøytangen. Image courtesy of DroneSolutions via Bergen Group.

The Bergen Group said Friday that its rig service subsidiary Hanøytangen will file for bankruptcy in Norway following a dispute over the Borgland Dolphin project, the second of the company’s subsidiary to do so this month. The company started arbitration proceedings against the owner of the semi-submersible Borgland Dolphin drilling rig in August. In its second quarter results, Bergen said ...

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Imperial Oil: New projects boost production by 120,000 bpd

Imperial Oil CEO Rich Kruger. Image courtesy of Imperial Oil.

Imperial Oil said Wednesday it has boosted its heavy crude supply by about 120,000 barrels per day thanks to an expansion at the Kearl oil sands mine and the start up of its Nabiye project. According to Reuters, the Calgary-based company’s Kearl oil sands mine project is now producing 200,000 bpd after the start-up of its Phase 2 expansion project ...

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