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Tag Archives: chevron

Helicopter crash off Angola kills 4, Chevron says

helicopter crash, Angola, Chevron

JOHANNESBURG (AP) — Chevron says four people were killed when a helicopter crashed on the way to an oil facility off the coast of Angola. A statement by the oil company says the helicopter left Cabinda province on Monday afternoon with five passengers and a pilot. Four of the five passengers were contractors, and the fifth was an employee of ...

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Stocks end mixed as crude oil dives and safety stocks fall

FILE - This July 16, 2013, file photo, shows a Wall Street street sign outside the New York Stock Exchange. U.S. stocks are edging lower early Thursday, April 14, 2016. Tech stocks are falling after dour projections from Seagate Technology, and bank stocks are slipping. Strong first-quarter results from Delta are giving airlines a boost. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) — U.S. stocks swerved between gains and losses Thursday and wound up with a muddled finish as the price of oil plunged. Investors also sold utility and phone company stocks. They have favored those companies all year, especially in the wake of Britain’s vote to leave the European Union last month. Stocks started higher, building on gains ...

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Chevron, Exxon and others to spend $36.8B in Kazakhstan

Eagle Ford news, rig count, oil

NEW YORK (AP) — Chevron, Exxon Mobil and its other partners say they will spend $36.8 billion to develop more oil in Kazakhstan. The project is expected to increase production to about 1 million barrels of oil equivalent per day in 2022. Chevron, Exxon Mobil and its partners are forming a venture called Tengizchevroil. Chevron owns 50 percent of Tengizchevroil. ...

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Militants claim blast of another Nigeria oil pipeline

Nigeria's state flag. (Image: Global Panorama via Flickr)

WARRI, Nigeria (AP) — Nigerian militants say they have blown up another crude pipeline owned by Italian oil company Agip. The Niger Delta Avengers announced the early-morning blast in Bayelsa state in a tweet Friday. The latest blast comes a few days after the militants rejected the government’s offer of peace talks. Nigeria’s government had ordered the military to halt ...

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Exxon, Chevron shareholders reject climate resolutions

Exxon annual meeting

DALLAS (AP) — Shareholders at Exxon Mobil and Chevron rejected resolutions backed by environmentalists that would have pushed the companies to take stronger stands in favor of limiting climate change. Environmentalists took solace, however, that some of their ideas gained considerable support. At Chevron Corp., a resolution asking for an annual report each year on how climate-change policies will affect ...

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Nigerian Chevron facility bombed, ExxonMobil cuts exports

FILE - This Monday, Dec. 26, 2011 file photo, shows a member of Shell staff on the Bonga offshore oil Floating Production Storage and Offloading vessel off the coast of the Niger Delta in Nigeria.  Shell closed the terminal exporting Nigeria's benchmark Bonny Light crude oil on Wednesday May 11, 2016 and was evacuating workers from a threatened oil field as renewed militant attacks cut production in Africa's biggest petroleum producer, the company and a union leader said. (AP Photo/Sunday Alamba, file)

LAGOS, Nigeria (AP) — An explosion closed a second Chevron facility in Nigeria, witnesses said Friday, as renewed attacks by militants further cut production in Africa’s biggest petroleum producer. Adding to Nigeria’s economic woes, Exxon Mobil on Friday said some production of Qua Iboe crude — the West African nation’s largest crude grade — has halted because a drilling rig ...

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Top Eagle Ford news stories: April 29 – May 6

Top Eagle Ford news stories: April 29 - May 6

Here’s a recap on the top Eagle Ford news stories from the past week. Energy producers continue to struggle with depressed oil prices and two oil majors abandoned plans for a merger as opposition from regulators mounted. 5. Exxon sees smallest profit in 16 years, Chevron posts loss DALLAS (AP) — Motorists are saving billions on cheaper gasoline, but the ...

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Chevron reports 1Q loss on pressure from low oil prices

Chevron reports 1Q loss on pressure from low oil prices

NEW YORK (AP) — Chevron Corp. on Friday reported a first-quarter loss as slumping oil prices continued to drag down revenue. The oil company lost $725 million, or 39 cents per share, compared with a $2.57 billion, or $1.37 per share, profit a year prior. The results did not meet Wall Street expectations, but Chevron does not adjust its reported ...

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Oil majors show interest in Mexico’s offshore auction

Oil majors show interest in Mexico's offshore auction

Mexico’s forthcoming auction of offshore oil and gas fields is drawing significant interest, according to a report by Fuel Fix. So far, 21 companies have asked to review data on fields within Mexico’s territorial waters in the Gulf of Mexico. Major oil companies, such as ExxonMobil, BP, and Chevron, have expressed interest in the available fields. The country will auction ...

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Top Eagle Ford news stories: April 1-8

Image via Pixabay

Take a look back at the top Eagle Ford news stories of the week. Depressed oil prices continue to impact economies at home and abroad. Houston lost more jobs as it weathers the oil bust, and an OPEC official said a deal to freeze production will be reached soon. 5. Once wedded to oil, Houston economy carries on despite bust HOUSTON (AP) ...

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