A Saudi Arabian unit of US oil major Chevron has told its Kuwaiti partner it plans to shut down an oilfield jointly operated between the two Gulf Opec countries next month over long-standing disputes, three industry sources familiar with
Oil futures rose on Tuesday, adding to gains of more than 11 per cent in the prior two sessions as BP announced a cut in capital expenditure for 2015.
BP announced it would cut capital expenditure by 13 per cent to $20 billion in
Exxon Mobil Corp said on Monday its quarterly profit fell 21 per cent as weak oil prices took a toll, but results topped Wall Street expectations due to a tax adjustment and higher earnings from its chemicals business.
Shares of E
US energy major Chevron Corp said it will stop exploring for shale gas in Poland, a sector that has failed to live up to its early promise of transforming eastern Europe's energy supplies.
Chevron's Polish unit "has d
Chevron Corporation has posted a higher-than-expected quarterly profit as lower crude prices boosted its refinery operations, helping to offset sagging oil and gas production.
The company posted third-quarter net income of $5.59 b
Saudi Arabia's closure of an offshore oilfield it shares with Kuwait has revived speculation of renewed tensions between the two, and put Chevron's role in the shared Neutral Zone in focus.
Bahrain Petroleum Company (Bapco) has signed a deal with Chevron Lummus Global (CLG) to provide process technology for two units as part of its modernisation programme.
Bapco chief executive Dr Peter Bartlett and US-based CLG'
Chevron Corp has been searching for up to $1.5 billion of equity investment to help develop its Duvernay shale formation assets in Canada and contacted potential investors including private equity firms, according to people familiar with the mat
Saudi Arabian Chevron along with Kuwait Gulf Oil Company broke ground on their integral oil project at Wafra in Kuwait.
With this Main Gathering Center (MGC) Revamp Project, Saudi Arabian Chevron and its partner the Kuwait Gulf Oi
Chevron has reported a surprise six per cent decline in quarterly profit, hurt by weakness in the oil refining business, while production from wells increased for the No 2 US oil company but remained below target.