Tag: chevron

Chevron pulls out of shale gas exploration in Romania

The company began drilling for shale gas at its exploration well in northeastern Romania in 2014, a project that drew protests. It is also ending its three other concessions in Romania.  More »

Chevron to move 100 jobs to Houston

Chevron plans to move 100 jobs from its San Ramon, Calif. headquarters to Houston.  More »

Technip promises revenue growth in 2015 amid oil-price slump

Technip said it adapted to the challenging conditions in the oil industry by cutting costs, reducing headcount and streamlining its fleet of vessels.  More »

Judge tosses coastal damage suit against oil companies

The Southeast Louisiana Flood Protection Authority-East had claimed that coastal drilling and dredging activities contributed to the loss of coastal wetlands.  More »

Oil budgets slashed to protect shareholder dividends

The spending cuts, which will result in production decreases and job cuts, come as oil giants try to protect quarterly dividends paid to their investors.  More »

Oil prices rise after OPEC cuts forecast for U.S. output

The group said it may boost global demand forecasts beyond this month’s slight increase amid rising U.S. gasoline use.  More »

Statoil announces U.S. spending cuts; could cut jobs, too

Statoil said it would cut is capital expenditures this year by 10 percent to $18 billion.  More »

BP CEO: Oil collapse could repeat 1980s with years of low prices

The British oil giant reported it lost $4.4 billion in profits during the fourth quarter as it wrote down the value of some of its oil-producing assets.  More »

Chevron CEO: $50 oil will not meet world’s energy need

For the quarter, the news was bleak: Chevron reported falling profits, slashed its budget and hinted at layoffs on the way. Longer-term, Watson was more optimistic.  More »

Shell cuts $15 billion of spending as profit misses expectations

Shell shares dropped as much as 4.4 percent in London and traded at 2,067 pence at 10:17 a.m.  More »

Three oil majors team up on Gulf megaproject

The collaboration reflects the steep technological and financial hurdles to commercially producing oil from 23-million-year-old Paleogene rock more than five miles below the surface of the sea.  More »

More Texas drillers slashing spending

Several Permian Basin drillers have said that they’re planning smaller budgets for 2015.  More »

Crude price slump exposing oil field risk takers

For the biggest explorers, the impacts of slumping prices are dramatic.  More »

Mexico oil production hits record low

Mexico is headed for its lowest annual oil production on record as state-owned Petroleos Mexicanos prepares for an influx of foreign investment.  More »

Chevron abandons Arctic drilling plans

Chevron told Canada’s National Energy Board Wednesday that it would pull out of Beaufort Sea.  More »
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