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Oilfield service consolidation to increase under Trump, report says

Deloitte forecasts increased oilfield service sector consolidation in 2025 due to relaxed regulations under Trump's presidency, following significant mergers among major oil producers.

investing.com • 05/12/2024 - 05:05 AM

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Exxon Mobil to cut nearly 400 jobs in Texas, filing says

Exxon Mobil plans to cut nearly 400 jobs in Texas after acquiring Pioneer Natural Resources, affecting employees in Irving and Midland over the next few years.

investing.com • 14/11/2024 - 16:35 PM

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Exxon's $8.6 billion profit beats as volume offsets price weakness

Exxon Mobil beat Q3 profit estimates due to strong oil output, reporting $8.61 billion earnings, despite a 5% year-over-year drop. The company plans to issue revised production forecasts.

investing.com • 01/11/2024 - 10:39 AM

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Texas approves plan to boost oil and gas drillers' power grid access

The Texas commission approved the Permian Basin Reliability Plan to expand power grid infrastructure, addressing rising electricity demand from oil and gas industries in the region.

investing.com • 26/09/2024 - 20:15 PM

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Texas approves plan to boost oil and gas drillers' power grid access

The Texas commission approved a plan to enhance power grid infrastructure for the Permian Basin, aiming to support rising electricity demand from the oil and gas industry.

investing.com • 26/09/2024 - 20:15 PM

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Exclusive-Hess Guyana's secret value becomes part of Exxon arbitration, sources say

The article discusses an arbitration case regarding Exxon and Chevron's dispute over Hess's oil assets in Guyana, highlighting valuation, contractual rights, and the impact on both companies.

investing.com • 20/08/2024 - 10:07 AM

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Exxon reports 59 layoffs to Texas agency post-Pioneer acquisition

Exxon Mobil laid off 59 employees post-acquisition of Pioneer Resources, despite offering over 1,500 jobs, affecting workers in Texas locations.

investing.com • 12/08/2024 - 21:35 PM

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US Democrats launch bill holding oil firms accountable for any work with OPEC

Democratic lawmakers proposed a bill to penalize energy companies colluding with OPEC, pushing for accountability amidst ongoing FTC investigations and emphasizing the need for consumer protection.

investing.com • 24/07/2024 - 17:39 PM

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Analysis-US oilfield firms slash prices as mega-mergers shrink customer base

Mega-mergers in the oil industry are forcing service companies to cut prices or merge, leading to bankruptcies and reduced rig counts amidst a highly competitive market.

investing.com • 24/07/2024 - 14:28 PM

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