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Posts Tagged ‘Chevron’

Nigeria says Shell, Chevron oil licenses renewed by June

ABUJA | Tue May 22, 2012 9:55am EDT (Reuters) – Nigeria expects to renew onshore oil licenses with U.S. firm Chevron (CVX.N) and Royal Dutch Shell (RDSa.L) by June, its oil minister said on Tuesday, following Exxon Mobil’s (XOM.N) renewal in February worth trillions of dollars. Shell, the biggest operator in Nigeria, has onshore assets [...]

CSNews Reveals This Year’s Top 100 Convenience Stores

By Don Longo: 17 May 2012 JERSEY CITY, N.J. — 7-Eleven Inc. continues to pull away from the pack as the U.S. convenience industry’s largest chain by number of stores. In the past year, the Dallas-based division of Japanese c-store giant Seven & i Holdings Co. widened its store count lead over Big Oil companies [...]

Shell Net Little Changed, Projects Offset Lower Output

By Eduard Gismatullin – Apr 26, 2012 7:48 AM GMT+0100 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, reported first-quarter earnings that beat estimates and raised a target for asset sales this year. Excluding one-time items and inventory changes, Shell posted profit of $7.28 billion, compared with the $6.7 billion average estimate of eight [...]

The Coming Boom in Arctic Drilling

By Aimee Duffy: April 10, 2012 Technology is changing the oil exploration and production picture, and one of the biggest impacts will be on Arctic drilling. The U.S. Geological Survey estimates that 25% of the world’s remaining undiscovered conventional oil and gas reserves are located in the Arctic, with most of it in offshore reservoirs. The U.S. [...]

Nigerians sue Shell in London over Delta pollution

Fri Mar 23, 2012 12:46pm EDT * Multi-million-dollar claim filed for 11,000 Nigerians * Shell accepts responsibility for two spills in 2008 * Says it cleaned up but criminals caused more pollution * Case could set precedents for other oil companies By Estelle Shirbon LONDON, March 23 (Reuters) – A group of 11,000 Nigerians launched [...]

Royal Dutch Shell in Deal for China Shale Gas

March 21, 2012 By WAYNE MA BEIJING—Royal Dutch Shell RDSB -1.33% PLC has signed the first-ever production-sharing contract to explore, develop and produce shale gas in China, a move that fits in with China’s overall strategy to bring technical and operational know-how to the development of its untapped reserves of the unconventional fuel. Although Shell didn’t [...]

Brazil to charge Chevron executives over fresh oil leak

Brazilian prosecutors say they will bring criminal charges against 17 executives from the US oil company Chevron and drilling contractor Transocean after a new leak of crude. 18 March 2012 Brazilian prosecutors say they will bring criminal charges against 17 executives from the US oil company Chevron and drilling contractor Transocean after a new leak [...]

Shell settles South Africa cartel case

The Competition Commission of South Africa announced on Tuesday that it has reached settlement agreements with two major oil companies, namely Engen Petroleum Limited (Engen) and Shell South Africa Marketing (Pty) Limited (Shell) in which they admit to having fixed the price of bitumen with other oil companies. The commission said the two companies did [...]

Debate continues on Big Oil’s big profits

February 7, 2012, 2:23 p.m The five so-called “super major” oil companies — Exxon Mobil, Royal Dutch Shell, ConocoPhillips, Chevron and BP– have just wrapped up their fourth quarter earnings reports, but not without inspiring disdain over how they made those billions in profits and over what they were doing with them. Under the title [...]

Can Big Oil Repeat Its Big Year?

JANUARY 23, 2012 By LIAM DENNING Even today, $1.67 trillion is a lot of money. That is the amount wiped off the combined market capitalization of the top 50 energy companies between the end of 2007 and the end of 2011. Breaking it down offers big clues on Big Oil’s prospects for 2012. Every year, [...]

Canadian Exposure Critical to Growth at Chevron and Royal Dutch Shell

NEW YORK, NY–(Marketwire -01/09/12)- The oil and gas sector is set to play a big political role this election year as President Obama must decide whether or not to approve the controversial Keystone Pipeline which would send tar sands crude from Alberta to Texas. Originally, the Obama administration announced that it would delay a final [...]

Shell accused of price fixing cartel, again

Hearing on Shell plea set Jan. 17 Philippine Daily Inquirer: Monday, January 9th, 2012 The Court of Appeals has calendared for hearing a pending petition of Pilipinas Shell Petroleum Corp. questioning a Manila regional trial court’s resolution that ordered the Big Three oil companies to open their books of account to government audit amid allegations [...]

Ecuador appeals court rules against Chevron in oil case

4 January 2012 An Ecuadorean appeals court has upheld a ruling that Chevron should pay damages totalling $18.2bn (£11.5bn) over Amazon oil pollution. Chevron said the judgement was “illegitimate” and “a fraud”. Texaco, which merged with Chevron in 2001, was accused of dumping toxic materials in the Ecuadorean Amazon. The original ruling ordered Chevron to [...]

Deep Gulf drilling thrives 18 mos. after BP spill

By JONATHAN FAHEY, AP Energy Writer: 30 December 2011 ALAMINOS CANYON BLOCK 857, GULF OF MEXICO (AP) — Two hundred miles off the coast of Texas, ribbons of pipe are reaching for oil and natural gas deeper below the ocean’s surface than ever before. These pipes, which run nearly two miles deep, are connected to [...]

Ogoni Establishes Environmental Protection Agency

Graphics from Guardian newspaper article: Unloveable Shell, the Goddess of Oil PRESS STATEMENT ISSUED BY MOSOP: 26 December 2011 A measure to make sure that Nigerian National Petroleum Corporation, Royal Dutch/Shell and others face compelling action to hold them accountable for environmental crimes in Ogoni. MOSOP President and Spokesman, Dr. Goodluck Diigbo said that the [...]