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Keyword: chevron

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  • Report alleges energy companies got favors from state officials (California)

    08/12/2016 10:23:30 PM PDT · by blueplum · 4 replies
    Press Enterprise ^ | 10 August 2016 7:03pm | Kevin Smith
    Twenty-six energy companies with business before the state donated nearly $10million to Gov. Jerry Brown and the California Democratic Party over the past eight years — donations that often were made within days or weeks of winning favors. That’s the contention of “Brown’s Dirty Hands“ a report released Wednesday by the Santa Monica-based public interest group Consumer Watchdog. [snip]The report alleges that Brown and his operatives have used the California Democratic Party as “a political slush fund” to receive contributions from unpopular energy companies in amounts greater than permitted to his candidate committee. The group has logged its report as...
  • Shell Evacuates Oil Personnel After Chevron Platform Bombing

    05/11/2016 1:39:36 PM PDT · by Lorianne · 15 replies
    Oil Price ^ | 09 May 2016
    Shell has evacuated nearly 100 essential oil personnel from a major production facility in the Niger Delta, following a series of attacks from a newly formed militant group that has vowed to renew the fight abandoned after a 2009 amnesty deal. Some 98 Shell personnel were airlifted from the Shell-operated Eja Oml 79 oil production facility in the Niger Delta over the weekend, bringing into question the facility’s 90,000 barrel-per-day production capacity. The facility is run by Shell’s Nigerian subsidiary, SPDC (Shell Petroleum Development Corporation). The evacuations come after militants of the Niger Delta Avengers attacked an offline oil platform...
  • Niger Delta Militants Blow Up 2 Chevron Oil Wells

    06/03/2016 9:14:04 AM PDT · by Lorianne · 11 replies
    Oil Price ^ | 01 June 2016 | Charles Kennedy
    In an early Wednesday attack, Niger Delta militants have blown up two Chevron oil wells in Warri, leading a shut down in the wells and promising further output drops for Nigeria. The Niger Delta Avengers (NDA) have claimed responsibility for the attack via their Twitter feed, not that they “blew up Chevron oil well RMP 23 and 24 [at] 3:44 am this morning.” These are Chevron’s Bibi oil wells, run by Chevron Nigeria Limited. The militant group also noted that it had a “heavy presence of 100 gunboats, 4 warships and jet bombers,” and that the attack was meant “to...
  • Chevron Plans to Invest Billions in Permian Basin

    04/26/2016 9:21:08 PM PDT · by Impala64ssa · 13 replies
    CBS7 ^ | 4/26/16 | Alexa Dunson
    PERMIAN BASIN In the midst of a downturn in the oil industry, Chevron is set to invest billions. According to a report by the Hobbs News-Sun, Chevron is planning on bringing massive, billion-dollar oil and gas projects to West Texas and eastern New Mexico. Chevron CEO John Watson announced the company will put more of its budget in the Permian Basin while cutting costs elsewhere. During an annual analyst meeting Watson predicted by 2020 Chevron could pump 350,000 barrels a day in West Texas which is almost triple their current 125,000 barrels a day.
  • Chevron delays big projects, plows the Permian Basin

    01/31/2016 7:56:24 AM PST · by thackney · 2 replies
    Fuel Fix ^ | January 29, 2016 | Collin Eaton
    The CEO of Chevron Corp. said his company recently mothballed a $500 million ultra deep-water Gulf of Mexico development not because the oil reservoir was too small to develop - but because it had better places to spend its money. Namely, the Permian Basin in West Texas. "There are tough choices being made," Chevron CEO John Watson told investors on Friday, after the San Ramon, California oil giant posted its first quarterly loss since 2002. The $588 million loss - worse than analysts had expected - was driven by a series of special charges in the fourth quarter, including Chevron's...
  • Chevron's local office buildings to opt out of open carry

    01/01/2016 8:27:56 AM PST · by bgill · 26 replies
    Houston (TX) Business Journal ^ | Dec. 31, 2015 | Olivia Pulsinelli
    California-based Chevron Corp. (NYSE: CVX), which has a major presence in Houston, joins the growing list of businesses opting out of Texas’ open carry law. The company sent an email to employees on Dec. 31 notifying them that, “based on existing laws and company policy, no firearms (handguns, rifles or shotguns) are permitted inside Chevron office buildings.”... Texas' open carry law goes into effect Jan. 1. The law allows Texans with a concealed handgun license to openly carry a gun in a belt or shoulder holster. Several grocery stores, Houston's Galleria mall, San Antonio-based Whataburger and Austin-based Torchy's Tacos are...
  • New Scrutiny of the Flow of Iraqi Oil to American Consumers

    10/11/2004 6:17:18 AM PDT · by OESY · 4 replies · 1,129+ views
    New York Times ^ | October 11, 2004 | SIMON ROMERO and SCOTT SHANE
    As Saddam Hussein pressed the United Nations oil-for-food relief program for more money that he used to buy banned weapons, an unwitting ally may have been the American driver. Almost until the eve of the invasion of Iraq in March 2003, American oil companies were among the largest purchasers of Iraqi crude oil. The role that the companies, including ExxonMobil and ChevronTexaco, played in the oil-for-food program is now coming under greater scrutiny in the wake of a report by the chief arms inspector for the Central Intelligence Agency that disclosed how extensively Mr. Hussein was abusing profits from the...
  • Is there a booby trap in Roberts's ObamaCare decision? [worried will hurt climate change rulings]

    06/30/2015 5:52:50 AM PDT · by Cincinatus' Wife · 7 replies
    The Hill ^ | June 30, 2015 | Stuart Shapiro
    Supporters of the Obama administration and the Affordable Care Act (ACA) are rightly thrilled by the 6-3 decision reaffirming the subsidies essential to the functioning of the statute. The decision likely cements the statute in place as part of the U.S. healthcare system. However, the way that Chief Justice John Roberts reached that decision may provide the seeds for judicial curbing of regulation in other areas, and could very easily come up in future court cases regarding Environmental Protection Agency (EPA) regulations on climate change. Some background is necessary. A 1984 Supreme Court case, Chevron U.S.A. v. Natural Resources Defense...
  • The Reason Behind Big Oil’s Change of Heart on Global Warming

    06/04/2015 5:47:00 AM PDT · by Java4Jay · 11 replies
    After years of opposing efforts to fight climate change, Europe’s biggest oil and gas corporations have made a stunning about-face. Noticeably absent from the corporate push for a carbon price were U.S. oil behemoths Chevron and Exxon Mobil.
  • UK Govt To Oppose Any Moves On BP

    04/27/2015 1:36:10 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 27-04-2015 | Banana
    The U.K. government wants BP to still stand for “British Petroleum.” The Financial Times reported that Downing Street would do all it could to block a takeover of BP. Weakened and shrunken down due to the massive, and still rising, toll stemming from the Deepwater Horizon disaster, BP could become a takeover target from one of the larger oil majors out there. Rumors have been swirling in recent weeks that perhaps ExxonMobil or Chevron could be eyeing the British oil giant, so much so that BP’s CEO Bob Dudley had to publicly dispel any notion that his company is for...
  • Hillary’s Next Scandal to Break Soon…Passenger Lists of Her Flights Ordered Released by Judge

    03/14/2015 4:19:50 AM PDT · by HomerBohn · 108 replies
    Red Statements ^ | 3/14/2015 | Steven Ahle
    Hillary’s ride to 1400 Pennsylvania Avenue just got bumpier. A judge on Friday ordered the State Department to turn over passenger manifests to Citizens United as a result of a FOIA request that State had ignored. The quick ruling appears to show that judges patience for stonewalling by the Obama administration has reached it’s limit and they no longer feel like giving them the benefit of a doubt. Those manifests could bury Hillary 2016 before it even starts. There seems to be a connection between donors to the Clinton Foundation and contracts from foreign countries receiving favorable treatment from the...
  • Chevron to sell $15 billion of assets, cut spending amid price slump

    03/11/2015 4:34:32 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | March 10, 2015 | Robert Grattan
    Chevron Corp. said Tuesday it would sell off more assets and cut back on capital spending, as the integrated oil and gas giant looks to protect its finances from lower crude prices. Chevron said it would put about $15 billion of assets up for sale through 2017 — up from a previous $10 billion target — and cut capital spending incrementally to roughly $30 billion in 2017. In January, Chevron had said it would trim capital spending to $35 billion in 2015, down about $5 billion from its 2014 budget. Despite the cuts, the San Ramon, California-based company said it...
  • The Age of Capitalism is Over?

    12/30/2014 10:46:18 AM PST · by lifeofgrace · 26 replies
    Charting Course ^ | 12/30/14 | Steve Berman
      Rebecca Solnit wrote in Salon.com that “The Age of Capitalism is over”.  Oh my, where to start? At the beginning seems a good place as any.  Solnit was thrilled to hold a land auction notice from post-Jacobin France—Thermidorian France for the historically-minded.  Thermidorian France was no more compassionate to live (mostly, to die) in than the Jacobin version which oversaw the execution of tens of thousand civilians, and the wanton destruction of anything associated with Christianity.  This short period in France’s mottled past, from 1795 to 1799, abolished everything other than the whims of its leaders.  And this sent...
  • Ukraine Says Chevron Plans To Pull Out Of $10B Shale Gas Deal

    12/15/2014 6:48:02 AM PST · by thackney · 20 replies
    Rig Zone ^ | December 15, 2014 | Reuters
    U.S. energy major Chevron plans to withdraw from a $10 billion shale gas deal with Kiev, a senior Ukrainian presidential official said on Monday. Ukraine signed a shale gas production-sharing agreement with Chevron amid great fanfare in November 2013, just months before mass protests in Kiev ousted former president Viktor Yanukovich, plunging the country into a major crisis with Russia. "There is information that they (Chevron) are planning this decision," Valeriy Chaliy told journalists, referring to a report by local media that Chevron had told the government it was pulling out of the deal. Chaliy declined to give further details....
  • Chevron Donates $26,000 to Planned Parenthood, Blocks Shareholder Resolution to Complain

    12/03/2014 11:48:06 AM PST · by Morgana · 9 replies
    Live Action ^ | 12/3/14 | Steven Ertelt
    One of the world’s largest oil companies has not only donated tens of thousands of dollars to one of the world’s biggest abortion companies, but it blocked a shareholder resolution complaining about it. Tom Strobhar, Chairman of Life Decision International, which monitors companies that donate to Planned Parenthood, said the corporation blocked a resolution by a teacher from Chicago complaining about the donation. Responding to that, Strobhar, following the teacher’s lead and hoping to force Chevron to list the groups it supports so information about its $26,000 check to Planned Parenthood could be further brought to light filed his own...
  • Unocal 101

    07/06/2005 7:03:45 AM PDT · by hinterlander · 12 replies · 496+ views
    Human Events ^ | July 6, 2005 | Terence P. Jeffrey
    You don’t need to be Carl von Clausewitz to figure out that it could damage U.S. security interests if the Communists in Beijing defeat Chevron in their competing bids to purchase Unocal, the 9th largest U.S. oil-and-gas company. Just as Clauswitz, the 19th-century Prussian strategist, argued that war is the continuation of politics by other means, the People’s Republic of China has discovered that acquiring certain assets on the world market is politics by other means. It does not matter whether the asset the regime seeks is state-of-the-art missile technology or old-fashioned crude, the ultimate question is whether the acquisition...
  • Soros Signals Argentina’s Shale is Biggest Place to Be

    09/03/2014 7:36:19 PM PDT · by bananaman22 · 11 replies
    Oilprice.com ^ | 04/09/2014 | James Stafford
    One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize —and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas. George Soros has doubled his stake in YPF SA, the state-owned oil company in Argentina, which sits atop some of the world’s largest shale oil and gas resources, and is about to get even larger following a new discovery over the last couple of weeks of a second key...
  • Obama authorizes Iraq strikes to protect Christians, prevent 'genocide'

    08/08/2014 6:56:56 AM PDT · by Oldeconomybuyer · 35 replies
    Reuters ^ | August 8, 2014 | BY RAHEEM SALMAN
    U.S. President Barack Obama authorized air strikes on Iraq to protect Christians and prevent "genocide" of tens of thousands of members of an ancient sect sheltering on a desert mountaintop from Islamic State fighters threatening to exterminate them. The United States began to drop relief supplies to refugees from the ancient Yazidi sect, but there was no sign yet of air strikes, which Obama authorized for the first time since pulling troops out in 2011. ... U.S. oil majors Exxon Mobil and Chevron evacuated expatriate staff from Iraqi Kurdistan on Thursday, industry sources said. Smaller oil companies that operate in...
  • Why Big Oil Isn't Cheering Higher Oil Prices

    05/14/2014 7:51:31 PM PDT · by ckilmer · 14 replies
    fool.com ^ | May 14, 2014 | Travis Hoium
    Why Big Oil Isn't Cheering Higher Oil Prices By Travis Hoium | More Articles | Save For Later May 14, 2014 | Comments (0)   U.S. stock markets are in a gradual decline today, with the Dow Jones Industrial Average (DJINDICES: ^DJI  ) down 0.6% in late trading as traders sold equities and bought gold and oil. The shiny metal was up $10 in afternoon trading to $1,305 per ounce and oil was up to $102.19 per barrel.You may think higher oil prices would have Big Oil cheering today, but Dow components ExxonMobil (NYSE: XOM  ) and Chevron (NYSE: CVX  ) are respectively...
  • Gulf of Mexico saturated with oil?

    01/30/2007 8:39:08 AM PST · by milwguy · 57 replies · 1,890+ views
    petroleumnews ^ | 01/30/2007 | milwguy
    Chevron's announcement this week that the Jack Field located in the Gulf of Mexico 270 miles southwest of New Orleans may have as much as 15 billion barrels of oil was not the only recent find of oil in the Gulf. In March, Mexico announced the discovery of a new huge oil find, the Noxal Field some 60 miles from the port of Coatzacoalcos on the coast of Veracruz state. Estimated to contain as much as 10 billion barrels of oil, the find could well be larger than Cantarell, Mexico's biggest oil field, near Yucatan. Like the Jack Field discovery,...