Posts Tagged ‘Chevron’

Chevron, Marathon Oil Corp, and Exxon Mobil Corp Gulf Coast Oil and Gas Production Reported Unharmed in Ida

November 11th, 2009

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 [...]

Chevron discovers oil and gas off Angolan coast

August 9th, 2009

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 [...]

Oil prices slip under $60

May 26th, 2009

LONDON (AFP) – World oil prices fell under 60 dollars per barrel on Tuesday, pressured by the strengthening US currency and weaker European equities, as traders awaited this week’s crucial OPEC output meeting.
New York’s main futures contract, light sweet crude for delivery in July, retreated 1.88 dollars to 59.79 dollars a barrel.
London’s Brent North Sea [...]

Will Obama’s Revolution Deliver Energy Independence?

April 5th, 2009

Steven Chu, the Nobel Prize-winning physicist who is President Obama’s energy secretary, recently gave a speech in which two key words never passed his lips. He talked about energy efficiency, electricity transmission lines and renewable energy sources. He waxed eloquent about technology and the need to fund energy research. But afterward, Chevron vice chairman Peter [...]

Oil slowdown hits ConocoPhillips

January 19th, 2009

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 [...]

Chevron latest company to slow northwest Colorado gas exploration

November 20th, 2008

By DENNIS WEBB
Citing falling natural gas prices, Chevron announced Wednesday it has dropped plans to speed up its natural gas development program north of De Beque.
The company joins several others that have been adjusting their drilling programs in northwest Colorado as a result of changing economic conditions.
Chevron spokeswoman Kristi Pollard said the company has called [...]

Pertamina names potential companies for Natuna gas

November 17th, 2008

JAKARTA, Nov 17 - Indonesian state oil firm Pertamina has named eight international oil and gas companies, including Exxon Mobil , Chevron and France’s Total , as its potential partners to develop the giant Natuna D-Alpha gas field, a senior company official said on Monday.
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Karen Agustiawan, Pertamina upstream director, told Reuters by short text [...]

Chevron profits double to $7.9bn

November 3rd, 2008

By Hal Weitzman in Chicago
Profits at Chevron more than doubled in the third quarter, as record oil prices and bigger margins pushed earnings at the US’s second largest oil and gas company well beyond Wall Street’s expectations.
Net profit was $7.9bn or $3.85 per share, up from $3.7bn or $1.75 per share in the same period [...]