IBTimes.com : Chevron Topic

NY Comptroller To Chevron: Time To Pay $18 Billion Ecuador Fine

Fri, 25 May 2012 17:14:51 EDT

New York Comptroller Thomas DiNapoli renewed his call on Friday that Chevron Corp. (NYSE: CVX), the second-largest oil company in the U.S., settle its legal battle against a multibillion-dollar judgment in Ecuador, to avoid further damaging its reputation and shareholder value.

Wall Street scores weekly gains, but sags for the day

Fri, 25 May 2012 16:49:02 EDT

U.S. stocks ended their first positive week in four with a down day on Friday as investors were reluctant to buy going into a long weekend, with uncertainty still swirling around Europe.

Wall Street flat ahead of long weekend

Fri, 25 May 2012 14:28:03 EDT

Stocks were little changed on Friday as investors held off on making large bets ahead of a three-day weekend as uncertainty continued to swirl over Europe.

Natural Resource-Related Stocks Show Promise: Frank Barbera

Mon, 21 May 2012 18:35:02 EDT

From gold and silver to energy and oil services, Frank Barbera, editor of The Gold Stock Technician Newsletter, sees a bright future for commodities and their equities. In this exclusive Gold Report interview, Barbera cites large blue-chip and midtier mining companies, especially those now paying di...

Oil Sheen Spotted Near Brazilian Offshore Oil Platform

Thu, 17 May 2012 17:00:34 EDT

Brazilian naval authorities are investigating yet another oil sheen seen floating near a platform owned by state oil company Petrobras.

Chevron Expulsion From Brazil 'Unlikely,' Says Petrobras

Thu, 17 May 2012 11:24:39 EDT

Brazilian oil company Petrobras, which helps U.S.-based Chevron develop offshore oil fields in Brazil, said regulators there are not likely to shut down Chevron's operations in the Frade oil field in the wake of oil spills.

Japan's Tepco, Mitsubishi To Buy 10% Stake In Chevron Natural Gas Field

Wed, 16 May 2012 13:03:16 EDT

The Japanese government and local companies will buy a 10 percent stake in Chevron Corp. (CVX)'s Wheatstone natural gas field in Australia for 350 billion yen ($4.37 billion), Nikkei newspaper reported.

LNG-Hungry Japan to Purchase 10% Stake in Australia's Wheatstone Gas Project for $4.4 B

Wed, 16 May 2012 06:29:35 EDT

The Japanese government together with a consortium of Japanese companies are poised to buy a 10 per cent stake in Chevron Corp.'s Wheatstone liquefied natural gas (LNG) project in Australia for $4.35 billion.

IBM helps oil companies manage gusher of data

Tue, 15 May 2012 17:14:04 EDT

IBM thinks it can make geologists and engineers more effective at mining the fast-growing wealth of data on everything from oil reservoirs to refineries to help them find, extract and process oil.

Ukraine To Increase Natural Gas Production, Decrease Dependence On Russian Energy

Tue, 15 May 2012 17:03:58 EDT

Ukrainian Prime Minster Mykola Azarov announced on Tuesday that Ukraine will ramp up its natural gas production by up to 25 percent over the next three years, a move that could help the country break free of its energy dependence on neighboring Russia.

Chevron Shareholders Ask SEC To Investigate Company Disclosures On $18B Ecuador Judgment

Mon, 14 May 2012 18:35:17 EDT

A group of Chevron Corp., shareholders has asked that the Securities and Exchange Commission investigate claims the oil major is not fully disclosing the effect that a multi-billion dollar environmental case in Ecuador would have on the company and its numerous stakeholders.

Chevron’s LNG From Australian Project Almost Sold Off, Acquires 4th Japanese Buyer

Mon, 14 May 2012 00:42:11 EDT

The $29-billion Wheatstone LNG (liquefied natural gas) project of US giant Chevron Corp. is almost already a good done deal, with 80 per cent of sale contracts already covered.

Australia’s Gas Reserves Could Last 2 Centuries

Sun, 13 May 2012 22:32:17 EDT

Australia's identified gas reserves is enough to power the country's needs for almost two centuries, Resources Minister Martin Ferguson said on Sunday.

Chevron (NYSE:CVX), Shell (NYSE:RDS-A) Natural Gas Expansion

Fri, 11 May 2012 03:03:50 EDT

Chevron (NYSE:CVX), Shell (NYSE:RDS-A) nearing Ukraine Nat Gas deals. Chevron Corp. and Royal Dutch Shell PLC are set to be named by Ukraine to explore 2 vast fields for shale Gas exploration, it was reported Thursday.

Casey Research Summit Special Report Part II: Drilling Down into Oil & Gas Prices

Thu, 10 May 2012 18:35:04 EDT

The private panel that began with three key speakers at the April 27-29 Casey Research Recovery Reality Check Summit continues with a second installment in today's Energy Report. This exclusive features Casey Energy Opportunities Senior Editor Marin Katusa, Global Resource Investments Founder a...

Chesapeake should consider sale-top investor

Mon, 07 May 2012 17:42:02 EDT

Chesapeake Energy Corp's largest shareholder urged the natural gas company to remain open to acquisition, despite the weakness of its share price

ALEC's Corporate Members: Full List Released by Common Cause

Mon, 07 May 2012 15:09:08 EDT

The corporate members of ALEC task forces was revealed by the watchdog group Common Cause.

Wall Street posts worst week of 2012 as job growth slows

Fri, 04 May 2012 16:56:03 EDT

Wall Street ended its worst week this year with a sharp selloff on Friday after a slowdown in job creation in the world's top economy raised the biggest question mark yet about the prospects for U.S. growth.

Oil, Stocks, Yields Tumble: Daily Markets Wrap

Fri, 04 May 2012 16:12:26 EDT

Disappointing jobs growth in the U.S., together with shrinking manufacturing and services activity in the euro zone, had equities and commodities in retreat and bond yields down. News this weekend isn't likely to calm jitters, with elections in both Greece and France, which may get its first new socialist president since 1981.

Wall Street faces worst week this year

Fri, 04 May 2012 14:49:02 EDT

Wall Street was set for its worst week this year on Friday after a disappointing jobs report heightened concerns that the economic recovery is heading for a slowdown.

Obama Administration To Restrict Fracking: Report

Fri, 04 May 2012 12:58:35 EDT

The Obama administration will reportedly restrict hydraulic fracturing, or fracking, by promulgating a set of rules governing such practices on federal land.

Wall Street slides one percent after jobs report

Fri, 04 May 2012 12:42:03 EDT

Stocks fell more than 1 percent on Friday after a disappointing jobs report underlined concerns the economic recovery may be slowing.

Wall Street slumps after weak payrolls report

Fri, 04 May 2012 10:28:01 EDT

U.S. stocks slumped on Friday after a weaker-than-expected payrolls report cast doubts on the strength of an economic recovery.

Pre-Market Movers (DGI, LNKD, VE, DB, DOW, NRF, SDRL, AIG)

Fri, 04 May 2012 07:28:49 EDT

The companies whose shares are moving in pre-market trade Friday are: DigitalGlobe Inc, Linkedin Corporation, Veolia Environnement, Deutsche Bank, The Dow Chemical Company, Northstar Realty Finance Corp and Seadrill Ltd American International Group Inc.

Mitsui, Mitsubishi Buy Stake in Woodside's Browse LNG Project

Tue, 01 May 2012 10:36:30 EDT

Woodside Petroleum Limited (AX: WPL) sold a 14.7 percent stake in its Browse liquid natural gas (LNG) development project for $2 billion to a Japanese joint venture operated by Mitsui & Company Limited and Mitsubishi Corporation, the Australian company announced Tuesday.

Woodside Petroleum Agrees to Sell 14.7% Stake in Browse Gas Fields

Mon, 30 Apr 2012 23:42:53 EDT

Woodside Petroleum agreed on Tuesday to sell its 14.7 per cent stake in the Browse gas fields to its Japanese partners for $2 billion. However, the sale to Mitsubishi and Mitsui would likely place a question mark if Mitsubishi and Mitsui would build the liquefied natural gas (LNG) plant at James Price Point.

Japan's Mitsui, Mitsubishi to buy Australia LNG stake for $2 billion

Mon, 30 Apr 2012 20:28:02 EDT

Japan's Mitsui & Co <8031.T> and Mitsubishi Corp <8058.T> have agreed to jointly buy a 14.7 percent stake in an Australian LNG project from Woodside Petroleum for $2 billion and to buy 1.5 million tonnes of gas a year from the project.

Wall Street Eyeing 4th Day of Gains; Amazon, Expedia Jump

Fri, 27 Apr 2012 13:07:02 EDT

Stocks rose modestly on Friday, putting equities on track for a fourth day of gains as more strong earnings partially offset a weaker-than-expected reading on economic growth.

Strong Earnings Lift Wall Street But GDP Weighs

Fri, 27 Apr 2012 12:10:49 EDT

Stocks edged higher on Friday, again driven by strong corporate earnings that partially offset a weaker-than-expected reading on economic growth, extending three days of gains.

US Futures Range-Bound Ahead Of GDP Data

Fri, 27 Apr 2012 07:20:24 EDT

Futures on major US stock indices remained range-bound Friday ahead of the release of the economic data, which include key GDP figures.

Housing, profits lift Wall Street, Amazon up late

Thu, 26 Apr 2012 17:28:01 EDT

U.S. stocks rose for a third day on Thursday after upbeat housing data and stronger-than-expected results from companies, including Citrix Systems Inc , overshadowed some high-profile earnings misses.

South China Sea Disputes Intensify After Philippine-U.S. War Games In Palawan

Thu, 26 Apr 2012 12:36:32 EDT

The South China Sea may appear to be little more than a vast bay filled with rocky uninhabited islands. But global trade routes and underlying oil reserves have made this body of water the frontline for a tense standoff between China, the Philippines and the United States.

Exxon Mobil Raises Dividend 21%, Becomes World's Highest Payer

Wed, 25 Apr 2012 18:18:31 EDT

Exxon Mobil Corporation (NYSE: XOM) will increase its quarterly dividend 21 percent to become the largest corporate dividend payer, according to Standard & Poor's on Wednesday.

Repsol Threatens Investors In Argentina With Legal Action

Mon, 23 Apr 2012 12:55:52 EDT

Spanish oil company Repsol threatened on Monday legal action against any investors helping newly nationalized Argentine oil company YPF develop oil resources previously discovered by the Spanish firm.

Diary: Aussie Inflation, US, Apple Earnings, Growth

Sun, 22 Apr 2012 21:47:13 EDT

It is going to be yet another busy week for markets here and offshore, even with the holiday Wednesday for Anzac Day.

China's New Rare Earth Policies Could Further Diminish Exports Of Critical Minerals, Weakening Western Manufacturers

Sat, 21 Apr 2012 10:48:25 EDT

China produces 97 percent of the world's rare earths, minerals that are critical for the production of everything from cell phones to missiles -- and now it wants to keep more of them for itself. The world is worried, but there may be little it can do.

Domestic Oil Production Is Bullish for Americans: Evan Calio

Fri, 20 Apr 2012 14:49:02 EDT

For Morgan Stanley Analyst Evan Calio, a challenge is really an opportunity, at least when it comes to finding discounted equities in the oil and gas space. In this exclusive interview with The Energy Report, he explains why the distribution bottleneck that is causing a historically wide price differential between WTI and Brent is actually an opportunity for refiners and Americans everywhere.

50 Key Earnings Reports To Watch, April 23-27

Fri, 20 Apr 2012 14:42:15 EDT

Earnings season is in full swing, and about 80 percent of the companies that have already reported topped estimates. We ran a screen and produced a list of 50 key companies set to report their earnings between April 23 and 27.

Dow Chemical To Build Texas Plant

Thu, 19 Apr 2012 11:11:59 EDT

Dow Chemical Co. (NYSE: DOW), the second-largest chemical company by revenue, said Thursday it will build an ethylene plant in Texas to take advantage of the sharply lower costs of natural gas feedstock, something its foreign rivals cannot take advantage of.

Brazil Oil Chief Expects Oil At $119 A Barrel For 2012

Tue, 17 Apr 2012 15:24:52 EDT

The CEO of the biggest oil company in one of the world's fastest-rising economies thinks high oil prices are here to stay.

Obama cites potential of billion consumers in the Americas

Sat, 14 Apr 2012 11:00:03 EDT

U.S. President Barack Obama stressed on Saturday the "great promise" for business growth in the Americas, seeking to play up the economic heft of the region he has paid little attention to in his first three years in office.

Special Report: An Image Makeover for Myanmar Inc

Thu, 12 Apr 2012 14:19:39 EDT

He's the flashiest tycoon in one of Asia's poorest cities, with a canary-yellow Lamborghini parked outside his neoclassical mansion.

Judge blocks bid to stop Chevron Brazil operations

Thu, 12 Apr 2012 10:54:19 EDT

A Brazilian judge denied an injunction seeking to bar U.S. oil company Chevron Corp and drill-rig operator Transocean Ltd from operating in Brazil after two offshore oil leaks, a federal court in Rio de Janeiro said on Wednesday.

Brazil Judge Blocks Injunction Against Chevron

Wed, 11 Apr 2012 17:42:45 EDT

A Judge in Rio de Janeiro state in Brazil blocked a request that Chevron and Transocean's operations in that country be halted following two offshore oil spills.

Californians Protest Income Disparity And Corporate Taxes, Target Chevron

Wed, 11 Apr 2012 17:26:48 EDT

A small band of protesters gathered outside the home of Chevron CEO John Watson on Tuesday following a California report accusing the oil giant of not paying its "fair share" of taxes.

BHP Billiton Closes Queensland Mine; Enters into JV with Chevron

Wed, 11 Apr 2012 17:04:05 EDT

BHP Billiton (ASX: BHP) announced on Wednesday that it would close its Norwich Park coking coal mine in Queensland due to flooding, strikes, higher costs and falling prices that caused production cut to all the firm's mines.

Corporates: ERA, Woodside, Transpacific, Foxtel

Tue, 10 Apr 2012 20:40:58 EDT

The Rio Tinto subsidiary, Energy Resources of Australia (ERA) has increased its hoped for level of production of uranium oxide for 2012 to between 3200 and 3700 tonnes.

Chevron finds leak in offshore Petrobras oil field

Tue, 10 Apr 2012 09:29:58 EDT

U.S. oil company Chevron discovered an oil seep in an offshore Brazilian oil field run by Petrobras near the site of a November leak that led to civil and criminal charges and sparked concerns about some of the world's most promising deep sea reserves.

Alan Gaines on Oil Prices: Iran, Israel and China, (NYSE:XOM), (NYSE:TOT), (NYSE:CVX)

Tue, 10 Apr 2012 09:16:09 EDT

Exxon Mobil Corporation (NYSE:XOM), TOTAL S.A. (ADR) (NYSE:TOT), Chevron Corporation (NYSE:CVX). Alan Gaines (Twitter @alangaines) speaks with Live Trading News on Oil Prices: Iran, Israel and China. LTN- Can you give us your thoughts on short and longer term oil prices? AG- I continue to believe that the short term price of crude oil is overextended, since touching a high water mark of $110.

Chevron Risks $22B As Brazil Files New Oil-Spill Suit

Wed, 04 Apr 2012 13:02:47 EDT

Chevron, the second-biggest U.S. oil company, and Transocean are facing a second civil lawsuit which doubles the amount they may have to pay for two oil leaks off the coast of Brazil.