HOUSTON, Nov. 10 /PRNewswire/ — Winning Strategies (www.winningstrategies.net) Editor Tim Connolly reported today that Tropical Storm Ida continues its weakness on landfall in the Gulf of Mexico and the National Hurricane Center now reports that all storm warnings have been discontinued as of 9:00 a.m. ET.
Major producers Chevron, Marathon Oil Corp, and Exxon Mobil Corp [...]

SAN RAMON, Calif.–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX - News), through its subsidiaries Chevron Australia Pty Ltd and Chevron (TAPL) Pty Ltd, announced that it signed an agreement with Apache Julimar Pty Ltd, a subsidiary of the Apache Corporation (NYSE: APA - News), and KUFPEC Australia (Julimar) Pty Ltd, a subsidiary of the Kuwait Foreign Petroleum [...]

SAN RAMON, Calif.–(BUSINESS WIRE)–Chevron Corporation (NYSE:CVX - News) announced today that its subsidiary, Cabinda Gulf Oil Company Ltd. (CABGOC) and its partners, commenced crude oil production at the Tombua-Landana project located 50 miles (80 kilometers) offshore Angola.
Located in approximately 1,200 feet (366 meters) of water in Block 14, the $3.8 billion development is expected to [...]

Chevron discovers oil and natural gas off coast of Angola, extends presence in West Africa.
SAN RAMON, Calif. (AP) — Chevron Corp. on Friday said its affiliate struck oil and natural gas off the coast of Angola.
The second-largest U.S. oil company said its affiliate Cabinda Gulf Oil Co. Ltd. and its partners made the discovery in [...]

TIWI, Albay—Geothermal producer Chevron Geothermal Philippines Holdings Inc. (CGPHI) is seeking the expansion of its geothermal well sites in Albay, Laguna and Quezon. The proposal was made to Aboitiz Power Renewables Inc. (APRI), which won the bid for Chevron’s steam-field expansion program.
“The program involves the drilling of 10 to 15 geothermal wells within the [...]

SAN RAMON, Calif.–(BUSINESS WIRE)–Chevron Corporation (NYSE:CVX - News) today announced that its subsidiary, Chevron Africa Holdings Ltd., has completed the sale of Texaco Cameroun S.A. to Corlay Global S.A. Chevron announced the initial sales agreement in 2008.
The affiliate’s assets include service stations, fuel depots and lubricants warehouses.
The sale is consistent with Chevron’s ongoing effort to [...]

BANGKOK (Dow Jones)–U.S.-based oil giant Chevron Corp. (CVX) plans to move ahead with investments in South Asia amid an expected strong economic recovery in the overall region.
“Asia will have the quickest recovery to feed future demand growth. We have strategic locations in Asia to support growth in the long term,” Joe Geagea, managing director [...]

Chevron Corp. rode 2008’s historic spike in oil prices to a record $23.93 billion annual profit, despite the petroleum market’s collapse in the second half of the year.
Chevron’s profit report, released Friday, graphically illustrates just how high oil prices rose last summer and how far they fell as the economic crisis cut the world’s thirst [...]

By Sheila McNulty
The plan by ConocoPhillips, the US’s third largest oil company, to lay off 4 per cent of its global workforce and scale back capital spending this year to $12.5bn, from $15.3bn in 2008, underlines the slowdown taking hold of the oil industry.
ConocoPhillips was the first of the US majors to announce lay-offs, totalling [...]

NEW YORK, Jan 13 (Reuters) - Marathon Oil Corp (MRO.N) said on Tuesday fourth-quarter oil and natural gas output rose slightly on a sequential basis, but remained weighed down by disruptions from Hurricanes Ike and Gustav.
The Houston company said the volume of oil and natural gas available for sale in the period is expected [...]