Chevron deadline nears for $40 billion bet on next decade’s oil
Chevron Corp. may shortly give a green light to the most expensive oil project in the world this year as the industry digs out from the worst slump in a generation.
Chevron Corp. may shortly give a green light to the most expensive oil project in the world this year as the industry digs out from the worst slump in a generation.
South Africa's Strategic Fuel Fund has offered to buy Chevron's majority stake in the country's oil refinery in Cape Town as well as other downstream assets.
More than 31,000sqft of refurbished office space in the west end of Aberdeen is on the market following a £7million investment by international property company Kennedy Wilson Europe Real Estate.
Oil major Chevron is poised to resume exports from its Gorgon LNG project.
The cost to drill wells at Argentina’s Vaca Muerta, site of the world’s second-biggest shale reserves, has dropped 20 percent this year, putting Chevron Corp. and its partners closer to meeting spending goals.
Oil majors Chevron and Shell are putting small refineries on the auction block as they look to trim lower-margin assets in the face of headwinds from rising crude oil prices.
A Nigerian Senate committee has asked Chevron Nigeria Ltd. to explain why a gas-to-liquids joint venture with the state-run petroleum company cost about three times more to complete than initially estimated.
The Niger Delta Avengers (NDA) have attacked a Chevron oil facility, the Nigerian militant group said on Twitter on Wednesday.
Attacks on oil infrastructure will continue at least in the short to medium term, resulting in depressed oil output over much of 2016, according to analysts.
Chevron plans to lay off 800 staff this year in Thailand as it looks to cut $500 million in costs at the Thai business to weather the fall in global oil prices, the company said.
A contract worker at a Chemical plant in Texas has died after being injured last month.
At least a fifth of Nigerian oil production, equivalent to almost 400,000 barrels a day, has been shut down as a pipeline closure added to disruptions caused by militant attacks.
Oil producers are evacuating workers from the Niger Delta because of the deteriorating security situation in Nigeria’s most-important oil producing region, a union official said.
Militants are increasingly targeting oil facilities in Nigeria with both Chevron and Shell assets coming under attack in recent days.
Oil major Chevron said it expects to resume production from its Gorgon LNG project later this month after repairs were required at the massive plant after only one shipment.
Chevron reported a loss that was double analysts’ estimates amid an oil-market collapse that’s sparked currency crises, corporate bankruptcies, credit downgrades and hundreds of thousands of layoffs across the industry.
Oil major Chevron said it will sell its Hawaiian refinery to private equity firm One Rock Capital Partners.
Chevron has sold a number of assets in the Gulf of Mexico to privately-owned Cox Oil.
Chevron’s chief executive has told Australia it must cut its operating costs if it wants to lift productivity and attract new investment in the energy sector.
Three of the world’s largest energy companies had their credit ratings lowered by Moody’s Investors Service on the expectation that oil prices will stay low for longer and cause leverage concerns.
Oil major Chevron's chief executive took a 15% drop in his annual salary last year.
MRC Global has won a new maintenance, repair and operations agreement to be a preferred supplier of pipe, valves and fittings products and services to Chervron's operations in the Gulf of Mexico.
Engie and Marubeni are said to be among several suitors planning to bid for Chevron's geothermal energy blocks, according to reports.
Chevron Corp. temporarily halted output at its $54billion Gorgon liquefied natural gas project in Australia due to mechanical problems just two weeks after making the first shipment to Japan.
Chevron has appointed Randolph Richards as the firm's new corporate vice president and treasurer.