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01 Apr, 2020
BP to take $750 million hit after backing out from Angola
According to Reuters, BP P.L.C. (NYSE: BP), a British multinational oil and gas company headquartered in London, England, and one of the seven major one of the world's seven oil and gas "supermajors will take on a $750 million charge for un..
Oil Down, Stock Market Dips
With oil prices sliding, the Standard & Poor 500 index closed with a 0.1 percent or 1.42 points loss at 2,435.61 on June 21 due to losses made by the energy sector. Eight of 11 principal sectors went into negative territory. A surge in the biote..
Cenovus CEO Brian Ferguson to Resign, Planning to Sell Non-Core Assets
On Tuesday, Cenovus Energy Inc (NYSE: CVE) announced that Brian Ferguson, the company’s President and CEO, will step down on October 31, but will continue in a transition adviser position until March 31, 2018.Cenovus said that i..
Exxon Mobil Corp. to Expand Operations in Guyana
Exxon Mobil Corp. (NYSE: XOM) announced Friday it will be investing $4.4 billion to develop part of the Liza oilfield off the coast of Guyana. According to a Reuters report, Exxon's decision shows that oil companies remain interested i..
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