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Chevron consolidates Venezuela heavy oil position in asset swap

Chevron consolidates Venezuela heavy oil position in asset swap

by Efrain Garcia | May 2, 2026 | Upstream News

HOUSTON, April 13 ,2026 — Chevron Corporation (NYSE:CVX) announced today it has, through its subsidiaries with interests in Venezuela, agreed to an asset swap with Petroleos de Venezuela, S. A. (“PDVSA”) and subsidiaries of PDVSA in a mutually beneficial agreement...
Occidental Announces CEO Succession Vicki Hollub to retire as President and CEO effective June 1, 2026

Occidental Announces CEO Succession Vicki Hollub to retire as President and CEO effective June 1, 2026

by Efrain Garcia | May 1, 2026 | Upstream News

This article is brought to you by: Vicki Hollub to retire as President and CEO effective June 1, 2026; Occidental’s Board Names Chief Operating Officer Richard Jackson as her successor HOUSTON — May 1, 2026 — Occidental (NYSE: OXY) today announced that its Board of...
$16.4 Billion Deal: Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”).

$16.4 Billion Deal: Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”).

by Efrain Garcia | Apr 27, 2026 | Upstream News

This article is brought to you by: K&B Industries, leaders in delivering premium threading, machining & turnkey manufacturing solutions. Shell announces agreement to acquire Canadian energy company, ARC Resources Ltd (“ARC”). Acquisition accelerates Shell’s...
Occidental Announces Gulf of America Oil Discovery at Bandit

Occidental Announces Gulf of America Oil Discovery at Bandit

by Efrain Garcia | Apr 9, 2026 | Upstream News

Occidental and its co-owners are evaluating results to determine next steps HOUSTON, April 09, 2026 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced an oil discovery at the Bandit prospect in the Gulf of America, about 125 miles south of the Louisiana...
Offshore News Suriname : Valaris Enters Strategic Collaboration Agreement

Offshore News Suriname : Valaris Enters Strategic Collaboration Agreement

by Efrain Garcia | Apr 7, 2026 | Upstream News

This article is brought to you by: K+B Industries, delivering premium threading, machining, and turnkey manufacturing solutions in Guyana HAMILTON, Bermuda–(BUSINESS WIRE)– Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced that its...
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