California-based Chevron Corp. (NYSE: CVX), which has a major presence in Houston, has reached an all-stock deal to buy Houston-based Noble Energy Inc. (Nasdaq: NBL) a little over a year after losing out on Anadarko Petroleum Corp. Chevron will acquire Noble’s stock for $10.38 per share, or $5 billion in total, according to a July […]
A subsidiary of Switzerland-based Transocean Ltd. (NYSE: RIG) expects to eliminate 75 to 110 offshore jobs in September, the company told the Texas Workforce Commission this week. The affected employees are all offshore employees who work on Discoverer Inspiration, a drilling rig operated by a Transocean affiliate in the Gulf of Mexico. The employees report […]
Oklahoma City-based Chesapeake Energy Inc. (NYSE: CHK) and 40 affiliates filed for Chapter 11 bankruptcy protection June 28. The filing, in the U.S. Bankruptcy Court for the Southern District of Texas Houston Division, caps a long period of decline for the driller that saw it rack up billions of dollars in debt. It reported total […]