Executive Vice President Charles A. James to Leave Chevron

Friday, February 26th, 2010

Chevron Corporation (NYSE:CVX)today announced that executive vice president, Charles A. James, will leave the company effective May 2, 2010. James, who intends to retire from the active practice of law, ...


Nigeria oil reform saga

Tuesday, February 23rd, 2010

Oil industry analysts warn the bill before lawmakers would cut drastically into company profits and ruin the business climate. Nigeria's proposed oil industry reforms could drive away $50 billion in investment ...


Court Appointee in Chevron Ecuador Lawsuit Tied to Ecuador State-Owned Oil Company

Wednesday, February 10th, 2010

Mining Engineer Who Called for $27 Billion Award Against Chevron Hides Disqualifying Financial Conflict of Interest SAN RAMON, Calif., Feb 09, 2010 (BUSINESS WIRE) -- In a court filing today in ...


Matthew J. Foehr Named Chevron Comptroller

Tuesday, February 2nd, 2010

Mark A. Humphrey to Retire after Distinguished Career with the Company Chevron Corporation (NYSE:CVX)today named Matthew J. Foehr as corporate vice president and comptroller, effective April 1. Foehr succeeds Mark A. ...


Ajumogobia: Shell, Chevron Oil Licences for Renewal Soon

Friday, January 22nd, 2010

Minister of State for Petroleum Resources Odein Ajumogobia yesterday confirmed that his office is on the verge of renewing the oil licences jointly operated by the Nigerian National Petroleum Corporation ...


FG Opens Negotiation with IOCs

Tuesday, January 19th, 2010

Lukman: Why we put deregulation on hold It emerged yesterday that top executives of some International Oil Companies (IOCs) have commenced discussion with the Federal Government over the renewal of their ...


Nigeria, Oil Majors in Race to Seal Deals

Tuesday, November 24th, 2009

International Oil Companies (IOCs) operating in Nigeria are scrambling to renew their oil licences ahead of the passage of the Petroleum Industry Bill, (PIB) that could boost tax and royalty ...


China National Offshore Oil Corporation (CNOOC)’s effort to buyoff 23 prime blocks currently owned and operated by Shell, Chevron, Exxon Mobil and Total

Tuesday, November 3rd, 2009

China National Offshore Oil Corporation (CNOOC), is said to be discussing with   the Federal Government to acquire some oil blocks, which are presently belong to the multinational oil and gas companies. ...


Acergy has announced the award of a $500 million contract from Chevron Nigeria

Wednesday, October 21st, 2009

Acergy has announced the award of a $500 million contract from Chevron Nigeria for their gas development programme in Escravos, offshore Nigeria. According to the company, the engineering, procurement, fabrication, transportation, ...


London Brent up 55¢ to $68.59

Tuesday, October 6th, 2009

 US crude for November rose 55¢ to $70.96 a barrel by 07.46 GMT, after gaining 46¢ to settle at $70.41 on Monday. London Brent was up 55¢ to $68.59, reports ...


Schlumberger and Chevron Announce Release of INTERSECT

Monday, October 5th, 2009

Next Generation Reservoir Simulation Software Enables Fast Simulation of Large and Heterogeneous Models and Supports Sophisticated Field Management Schlumberger and Chevron Energy Technology Company, a Chevron Corporate (NYSE:CVX) subsidiary, today announced ...


Crude oil for November 2009 delivery declined as much as $0.72, or 1%, to $69.89 a barrel

Thursday, October 1st, 2009

Crude oil for November 2009 delivery declined as much as $0.72, or 1%, to $69.89 a barrel in electronic trading on the New York Mercantile Exchange on 30 September, Bloomberg ...


Chevron Third Quarter 2009 Earnings Conference Call

Thursday, October 1st, 2009

SAN RAMON, Calif.--(BUSINESS WIRE)--Sep. 30, 2009-- Chevron Corporation (NYSE: CVX), one of the world's leading energy companies, will hold its quarterly earnings conference call on Friday, October 30, 2009 at ...


John Watson Named Chairman and CEO of Chevron Corporation

Wednesday, September 30th, 2009

Dave O’Reilly to Retire After 41 Years of Distinguished Company Service; George Kirkland Named Vice Chairman, Retaining Oversight of Global Upstream Operations SAN RAMON, Calif.--(BUSINESS WIRE)--Sep. 30, 2009-- The board of directors ...


Chinese seek $50b stake in Nigeria’s oil

Tuesday, September 29th, 2009

A Chinese state-owned oil company is in talks with Nigeria to buy large stakes in some of the world's richest oil blocks in a deal that would eclipse Beijing's previous ...


US crude for November delivery fell $0.43 to $65.59 a barrel by 06.43GMT . The contract settled at $66.02 on Friday. London Brent crude fell $0.43 to $64.68 a barrel.

Monday, September 28th, 2009

Al-Qaida has threatened more attacks on Saudi Arabia and its royal family, who fear the jihadists regrouping in neighboring Yemen will use it as a springboard for a new campaign ...


Nigeria pledged to hunt down those behind the industrial-scale theft and smuggling of its crude oil; Aker Solutions has signed a NKr2.3bn ($394m) contract with Eni Norge; Tullow strikes Oil in Uganda

Thursday, September 17th, 2009

NYMEX crude for October delivery was up $0.05 at $72.56 a barrel by 06.36 GMT, after settling up $1.58 on Wednesday, ICE Brent was down $0.07 at $71.60. American Petroleum Institute ...


Oil News from around the web, US crude for October delivery rose 73 cents to $69.59 a barrel by 1229 GMT, while Brent was up 22 cents to $67.66.

Tuesday, September 15th, 2009

In 2008, according to the International Monetary Fund, oil represented 95 percent of export revenues and 60 percent of government revenues. For South Sudan (Juba), oil represented 98 percent of ...


Chevron Welcomes News of Investigation into Judicial Misconduct

Thursday, September 3rd, 2009

Statements by President’s Correa’s Top Lawyer Raise Concerns about Prosecutorial Independence   The following is a statement by Charles James, executive vice president, Chevron Corp. (NYSE:CVX), regarding the response by the government ...


Chevron Commences Operations on Next Generation Ultra-Deepwater DrillshipDiscoverer Clear Leader Designed to Drill Wells to a Total Depth of 40,000 Feet

Tuesday, August 18th, 2009

Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), today announced that the Discoverer Clear Leader, an ultra-deepwater drillship newly built to Chevron’s specifications, has begun work ...


Crude oil for September 2009 delivery traded at $71.19 a barrel on the New York Mercantile Exchange ;London Brent traded at $74.79 a barrel on London’s ICE Futures Europe exchange ;energy crunch that could cripple a global economic recovery ; Shell has hit gas in the Concerto-1 well

Sunday, August 9th, 2009

The world is heading for a catastrophic energy crunch that could cripple a global economic recovery as key oil fields pass peak production, the International Energy Agency's (IEA) chief economist ...


Chevron Announces Significant Discovery Offshore AngolaFind Demonstrates Chevron’s Ongoing Exploration Success in Prolific Block 0

Sunday, August 9th, 2009

Chevron Corporation (NYSE:CVX) announced today that its affiliate, Cabinda Gulf Oil Company Limited (CABGOC) and its partners, had made a successful discovery in Block 0 located adjacent to the Cabinda ...


Chevron Moves Wheatstone Project in Australia Closer to Commercialization

Thursday, July 30th, 2009

Major Front-End Engineering and Design Contract Awarded for Two-Train Liquefied Natural Gas Facility SAN RAMON, Calif.--(BUSINESS WIRE)--Jul. 30, 2009-- Chevron Corporation (NYSE:CVX) today announced the award of a major front-end engineering ...


Chevron Announces 4.6 Percent Increase in Quarterly Dividend

Wednesday, July 29th, 2009

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of $0.68 cents per share, payable September 10, 2009 to holders of common stock as shown ...


Oil News from around the web, Nigeria; Foreign investors are exploring their options outside of Nigeria

Saturday, July 18th, 2009

A bill which seeks to reform Nigeria's oil sector will strip its operations of secrecy and make them transparent, Nigerian oil minister Rilwanu Lukman said Thursday. "The bill removes confidentiality ...


Oil News from around the web, Crude oil for August 2009 delivery was traded at $64.19 a barrel, up $0.14; Nigeria’s crude oil production capacity is expected to decline to 2.46 million

Wednesday, July 8th, 2009

Movement for the Emancipation of Niger Delta (MEND) on Sunday blew up a crude oil facility belonging to the United States oil major, Chevron. The militant group also seized a chemical ...


Chevron Second Quarter 2009 Earnings Conference Call

Tuesday, June 30th, 2009

SAN RAMON, Calif.--(BUSINESS WIRE)--Jun. 30, 2009-- Chevron Corporation (NYSE:CVX), one of the world's leading energy companies, will hold its quarterly earnings conference call on Friday, July 31, 2009 at 11:00 ...


Chevron Receives Global Business Coalition’s Leadership Award for Business ExcellenceSAN

Thursday, June 25th, 2009

 (BUSINESS WIRE) -- Chevron Corporation (NYSE:CVX) will be recognized this evening by the Global Business Coalition on HIV/AIDS, Tuberculosis and Malaria (GBC) for its longstanding commitment to fight the spread ...


Chevron Announces First Oil Production From Frade Field in Brazil

Tuesday, June 23rd, 2009

Project is the Company's First Major Upstream Development in Brazil SAN RAMON, Calif., Jun 23, 2009 (BUSINESS WIRE) -- Chevron Corporation (NYSE:CVX) announced today that its subsidiary Chevron Brasil Upstream Frade ...


Oil News from around the web, Brent crude for July 2009 delivery dropped as much as 51¢, or 0.7%, to $70.41 a barrel on London’s ICE Futures Europe exchange;Crude oil for July 2009 delivery fell as much as 64¢, or 0.9%, to $71.40 a barrel

Monday, June 15th, 2009

Over the weekend the Movement for the Emancipation of the Niger Delta (MEND) said that it had attacked more than one facility belonging to US major Chevron in the Niger ...


Oil News from around the web, U.S. light crude for July delivery rose 84 cents to $70.85 a barrel. London Brent crude gained 55 cents to $70.17

Wednesday, June 10th, 2009

)))Abu Dhabi official crude selling price down 52.06% The official selling price of Abu Dhabi's crude oil grades averaged US$59.49 a barrel in May, down 52.06 per cent from an average ...


Oil News from around the web, US light sweet crude hit $70.32 per barrel $69.21 before sliding to $68.75. London Brent was at $68.60 a barrel

Tuesday, June 9th, 2009

)))The Petroleo Brasileiro consortium, in which Petrobas holds a 65% operating stake, has confirmed the potential for 5-8 billion barrels of recoverable light oil and natural gas in the pre-salt ...


Chevron to Sell Fuels Marketing Businesses in Haiti

Tuesday, June 2nd, 2009

Chevron Corporation (NYSE:CVX) today announced that it has entered into a securities purchase agreement to sell its fuels marketing businesses in Haiti to Medley Capital Limited, a company owned by ...


Chevron Highlights Another Record-Setting Year at Annual Meeting of Stockholders

Thursday, May 28th, 2009

SAN RAMON, Calif.--(BUSINESS WIRE)--May. 27, 2009-- Record performance in 2008 helped enable Chevron Corporation (NYSE:CVX) to reward its investors, fund a robust capital program and position the company to capitalize ...


Oil News from around the web, US crude rose 65 cents to $59.15 a barrel ; Nigeria petrol shortages

Tuesday, May 12th, 2009

)))))))))US crude rose 65 cents to $59.15 a barrel. It earlier touched a new six-month high of $59.49 a barrel. London Brent crude rose $0.37 to $57.85. )))))))))))PetroChina views current low oil ...