Australia has several characteristics conducive for commercializing its shale-rich regions.» Read More
WEST CHESTER, Pennsylvania, April 15- The backbreaking life of a roughneck, the iconic worker bees of oilfield drilling rigs, is getting a little easier.
NEW YORK/ BUENOS AIRES, April 10- Chevron Corp and state-controlled YPF SA plan to spend an additional $1.6 billion to develop Argentina's Vaca Muerta shale formation further, boosting plans for new wells this year and announcing fresh exploration projects.
SAN RAMON, Calif.— Chevron Corp. said Wednesday that profit in the first quarter would slip below the fourth-quarter earnings on lower oil and gas production. Chevron said production was hurt by weather-related interruptions in Kazakhstan, Canada, and the United States.
April 9- Chevron Corp, the second-largest oil company in the United States, said on Wednesday it expected first-quarter income to slip because of high currency conversion costs and environmental charges in its mining unit.
April 9- Chevron Corp, the second-largest oil company in the United States, said on Wednesday it expected first-quarter income to slip from the prior quarter because of high currency conversion costs and one-time charges in its mining unit.
NEW YORK— Maybe the sell-off was a little overdone. That was the sentiment on Wall Street Tuesday as the stock market broke a three-day losing streak. "Longer-term investors should really use this as an opportunity to buy attractive areas that have sold off," said Kristina Hooper, US Investment Strategist at Allianz Global Investors.
OTTAWA, April 3- The Supreme Court of Canada agreed on Thursday to hear an appeal by Chevron Corp of a lower-court decision that said Ecuadorean villagers could pursue in Ontario their $9.51 billion lawsuit for pollution in the Amazon jungle.
NEW YORK, March 31- A New York judge has allowed Chevron Corp to sue Patton Boggs over claims that the Washington law and lobbying firm engaged in fraud while trying to enforce a multibillion-dollar environmental judgment for a group of Ecuadorean villagers.
*BP wins 24 bids for $41.6 million. HOUSTON, March 19- BP Plc rejoined bidders for exploration and production leases in the Gulf of Mexico on Wednesday and won 24 tracts after the U.S. government lifted a 16- month ban barring the company from new federal contracts.
NEW YORK, March 19- Chevron Corp is seeking $32.3 million in legal fees from Steven Donziger and others who this month who were found by a judge to have used fraud to obtain a multibillion-dollar pollution judgment against Chevron in Ecuador.
NEW YORK, March 18- A U.S. lawyer on Tuesday appealed a federal judge's ruling that he used fraud to secure a multibillion-dollar pollution judgment against Chevron Corp in Ecuador, a decision that bars him from collecting a $9.5 billion award in the United States.
ANGRA DOS REIS, BRAZIL, March 13- Permission for Chevron Corp to resume drilling and water injection at its Frade offshore field in Brazil is being held up by the company's failure to deliver a full report on the causes of a 2012 oil seepage, the head of Brazil's oil regulator said on Thursday.
CARACAS, March 12- A World Bank panel has rejected Venezuela's request for a new hearing to contest a 2013 partial ruling that it failed to act in good faith regarding negotiations to compensate U.S. oil company ConocoPhillips for expropriations. It also limited the scope of ConocoPhillips' claims by excluding future tax credits.
Chevron is especially opposed to a part of the bill, known as AB 32, that starting next year would require all California distributors of transportation fuels to purchase carbon permits to cover emissions from automobiles, a cost the Boston Consulting Group, in a study on behalf of the oil industry, estimates could exceed $3.7 billion.
Chevron plans to increase its oil and gas production, but most the growth will be abroad because of US policy, the company CEO says.
Chevron Chairman & CEO John Watson explains the major costs and risks for companies in the energy industry, and discusses oil pricing.
Discussing growing oil and gas demand, and how quickly the U.S. energy businesses can meet the demand, with Chevron Chairman & CEO John Watson.
Chevron Chairman & CEO John Watson, discusses the costs of increasing oil price and how his company has had to cut back.
NEW YORK, March 7- Ecuadorean villagers who are trying to get billions of dollars from Chevron Corp for pollution in the Amazon jungle are ready to refocus their fight on pending suits in other countries after a setback in the United States.
With proven oil reserves of 340 billion barrels, the world's second-largest behind the Middle East, Latin America is trying to attract foreign capital for Colombia's onshore and offshore blocks as well as Argentina's large unconventional resources and Mexico's fast-track energy reforms.