Thursday 11 February 2016
 
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Chevron

QP to acquire 30pc interest in offshore blocks in Morocco

Qatar Petroleum (QP) has signed a deal with Chevron Morocco Exploration, to acquire 30 per cent participating interest in three deep-water offshore leases in Morocco, according to a report.   QP will acquired 30

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Chevron to dispose of 75pc of South African business

US oil major Chevron said on Thursday it plans to sell 75 per cent of its South African business unit which includes a 110,000 barrel a day refinery in Cape Town. Chevron is a leading refiner and marketer of petroleum products in

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Bapco’s refinery lab gets key Chevron honour

Bahrain Petroleum Company’s (Bapco) Technical Services Department (TSD) Refinery Laboratory has been awarded a Certificate of Merit by Chevron Global Lubricants as part of a worldwide crosscheck testing programme, it announced.

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Chevron Al Khalij manufactures motor oils in UAE

Chevron Al Khalij said its premium range of motor oils under the Caltex Havoline brand is now being manufactured in the UAE. The plant utilises global formulations to ensure continued consistency and reliability in the quality and

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Chevron Al Khalij manufactures motor oils in UAE

Chevron Al Khalij said its premium range of motor oils under the Caltex Havoline brand is now being manufactured in the UAE. The plant utilises global formulations to ensure continued consistency and reliability in the quality and

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Chevron Saudi unit plans to shut joint Kuwait oilfield in May

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

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Oil prices jump 11pc as BP cuts capital expenditure

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

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Exxon cuts share buyback as oil prices hit Q4 profit

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

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Chevron to stop shale gas exploration in Poland

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

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Chevron net income surges to $5.6bn

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

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