Industry News
Dec 22: FID of $7.5 Billion – ConocoPhillips Makes Final Investment Decision to Develop the Willow Project
DEC 22: HOUSTON – ConocoPhillips (NYSE: COP) announced today that it will move forward with development of the Willow project in Alaska. This Final Investment Decision approves the project and funds construction needed to reach first oil. The decision follows the...
BREAKING 12/11: $12 Billion Acquisition – Occidental to Acquire CrownRock, Strengthening its U.S. Onshore Portfolio with Premier Permian Basin Assets
Occidental to Acquire CrownRock, Strengthening its U.S. Onshore Portfolio with Premier Permian Basin Assets Acquisition, valued at approximately $12.0 billion, generates immediate free cash flow accretion CrownRock’s well-positioned assets expand Occidental’s scale in...
NEWS: ExxonMobil Corporate Plan through 2027 – “$20 Billion in Lower Emissions Opportunities”
ExxonMobil Press ReleaseExxonMobil Corporate Plan more than doubles earnings potential from 2019 to 2027; 18% compound annual earnings growth significantly outpaces peers1 "On track to deliver ~$14 billion of further earnings and cash flow growth potential over the...
9 Upstream Oil and Gas Events the Week of 11/27 – 12/1 – Houston – Pittsburgh – Bismarck – New Orleans
Subscribe and Follow UpstreamCalendar.com for more upcoming events sent to you monthly. Need Fractional Marketing? Need Website Development and SEO, Click the image above to start the conversation This Week's Upstream Drilldown:...
$7.5 Billion Project APPROVED: ConocoPhillips Welcomes Alaska District Court Decision on the Willow Project
"HOUSTON – ConocoPhillips (NYSE: COP) welcomes the Alaska District Court decision upholding the Bureau of Land Management (BLM) March 2023 Record of Decision (ROD) for the Willow project. Following this outcome, ConocoPhillips Alaska will proceed with plans for...
BREAKING: $53 Billion Deal – Chevron Announces Agreement to Acquire HESS
"World class assets and people strengthen long-term outlook Cash flow per share accretion supports higher distributions to shareholders Enhances and extends production and free cash flow growth outlook into 2030s John Hess, Hess CEO, expected to join Chevron Board of...
The Why – Upstream Calendar Promotes Events that Give Back
On Wednesday August 30, 2023 the Houston GPA Midstream gave out $53,750 to 36 recipients from 10 different universities. Some have asked why we do what we do… This is the WHY… THEY are the WHY. Our platform is here to help further IMPACT the community,...
BREAKING: $59.5 Billion DEAL – ExxonMobil announces merger with Pioneer Natural Resources in an all-stock transaction
"SPRING and IRVING, Texas – Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share,...
ENHANCING SAFETY AND EFFICIENCY: THE NEED FOR EXPLOSION-PROOF CAMERAS IN OFFSHORE OIL AND GAS OPERATIONS – SPECTRUM CAMERA SOLUTIONS
The offshore oil and gas industry is known for its challenging and hazardous working environment. The combination of volatile hydrocarbons, high-pressure equipment, and harsh weather conditions makes it imperative to prioritize safety and monitor operations...
BREAKING: Corpus Christi Carbon Storage Hub Awarded to World-Class Team lead by Repsol
CORPUS CHRISTI CARBON STORAGE HUB AWARDED TO WORLD-CLASS TEAM LED BY REPSOL South Texas Heavy Industry and State Schools Receive Boost Through Mega-Scale Regional Decarbonization Project The Texas General Land Office (GLO) awarded a Repsol-led partnership a contract...