HOUSTON (Dow Jones)–Oil and gas companies are expected to spend at record levels in exploration and production projects worldwide in 2012, with investment reaching $598 billion, a 10% jump from...
RIO DE JANEIRO (Dow Jones)–Brazilian oil regulators once again penalized U.S. oil major Chevron Corp. (CVX) for safety issues at the company’s offshore Frade field, shutting down a production well...
SAN RAMON, Calif., November 23, 2011 – Chevron Corporation (NYSE: CVX) today reports that while its subsidiary, Chevron Brasil Upstream Frade Ltda., has not received formal notice from Brazil’s National...
RIO DE JANEIRO (Dow Jones)–Brazilian regulators have not advised U.S. oil major Chevron Corp. (CVX) that its license to drill in ultra-deep waters is under review or could possibly be...
RIO DE JANEIRO (Dow Jones)–U.S. oil major Chevron Corp. (CVX) faces heavy fines in Brazil after the company accepted responsibility for an oil spill at an offshore field, including the possible loss...
Despite Chevron taking full responsibility (and up until now the majority of heat from Brazil’s oil regulating agency, ANP) for the estimated 5,000 to 8,000 barrels of oil that leaked...
RIO DE JANEIRO (Dow Jones)–The Brazilian unit of major U.S. oil company Chevron Corp. (CVX) takes “full responsibility” for a leaking well bore that left a sheen of crude staining...
HOUSTON (Dow Jones)–Chevron Corp. (CVX) said Tuesday that it successfully contained the flow from a deep-water appraisal well offshore Brazil suspected to be at the root of an underwater oil...
RIO DE JANEIRO -(Dow Jones)- The Brazilian unit of U.S. oil company Chevron Corp. (CVX) is rushing equipment to find the cause of an oil leak at the offshore Frade...
WASHINGTON (Dow Jones)–The chairman and chief executive of Chevron Corp. (CVX) said Wednesday that the U.S. offshore drilling regulator needs more funding to handle permit reviews. John Watson, speaking in...
Norwegian seabed-to-surface engineering and construction contractor Subsea 7 S.A. (SUBC.OS) announced Monday the award of a $80 million contract from Chevron Australia Pty Ltd (CVX) for the Chevron-operated Gorgon Project, offshore Western...
(Dow Jones) Jefferies says Chevron’s (CVX) sublet of a Transocean (RIG) ultra-deep-water drillship from Indian energy giant Reliance and plans to bring the rig to the US later this year...
Keeping to his word, Michael Bromwich and BOEMRE are beginning to issue GoM drilling permits at an accelerated rate. Today BOEMRE announced that it is approved the fifth drilling permit...
MIDLAND, Texas (Dow Jones)–Chevron Corp. (CVX), the second-largest U.S. oil company, expects to be able to resume its ambitious drilling program in the deep waters of Gulf of Mexico before...
HOUSTON (Dow Jones)–A consortium of oil giants led by ExxonMobil Corp. (XOM) said Thursday that an early version of its containment system for deepwater oil spills is ready for deployment,...
HOUSTON -(Dow Jones)- Oil giant Chevron Corp. (CVX) said this week it expects the federal government to start issuing permits for deepwater drilling in the Gulf of Mexico, which will...
WASHINGTON, DC–(Marketwire) – ExxonMobil, with a market capitalization of $368.7 billion, regained the top position it has held almost every year on the PFC Energy 50 list. Last year’s leader...
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