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Tag Archives: chevron

BP: 24 top bids for $41.6M in Gulf oil lease sale

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NEW ORLEANS (AP) — High bids from Freeport-McMoRan Oil & Gas LLC made up more than one-third of the $850.8 million total at Wednesday’s federal oil lease sale for the central Gulf of Mexico. It also was the first sale since the government said BP PLC can again secure federal contracts; the company made $41.6 million in high bids. Freeport-McMoRan’s ...

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Chevron Says California’s Carbon Rules Will Make Gas Too Expensive

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By Ernest Scheyder NEW YORK, March 12 (Reuters) – Pending California carbon regulations could make it too expensive to operate refineries in the most populous U.S. state, drastically increasing gasoline prices and costing thousands of jobs, a senior Chevron Corp executive said. The No. 2 U.S. oil company, which runs California’s two largest refineries, believes a bill first passed in ...

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Chevron trims production forecast on project delays, rising costs

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By Ernest Scheyder (Reuters) – Chevron Corp, the second-largest U.S. oil company, lowered expectations for its 2017 production on Tuesday, citing lower natural gas prices, rising costs and project delays. The company now expects to produce 3.1 million barrels of oil equivalent per day (boe/d) by 2017. Chevron had previously forecast 2017 production of 3.3 million boe/d. “Our growth strategy remains intact, though some ...

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Chevron sends Pizza Vouchers

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By: John Bestoloffe , Shale Plays Media On Tuesday, February 11 a gas well owned by Chevron Corp. exploded in the small rural community of Bobtown in the Dunkart Township of Pennsylvania. The explosion was so large that many people in the area of the township felt the explosion happen and thought that it was in their own homes. The flames ...

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Explosion causes fire at Chevron natural gas well in Pennsylvania

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By: Molly Born and Amy McConnell Schaarsmith, Pittsburgh Post-Gazette Pennsylvania State Police said it could take days to contain the fire from an explosion at a Greene County gas well this morning that left one person missing. The well near Bobtown, where about 20 employees were working, exploded around 7 a.m., drawing emergency crews and ambulances to the scene. “We’re ...

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Chevron sets 2014 budget at $39.8 bln

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Dec 11 – Chevron Corp, the second-largest U.S. oil company, said it plans to spend $39.8 billion on projects and exploration in 2014, about 5 percent below the expected 2013 spending. Investors are putting increased pressure on the world’s biggest oil companies to rein in spending and return more money to shareholders – a trend Royal Dutch Shell Plc recently ...

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