JAKARTA AFP — ChevronTexaco's Indonesian unit is to spend a billion dollars to help boost output at its declining oil fields in Riau province, company president Suwito Anggoro said. Enhanced oil recovery technology would be used to limit the decline in output there to eight to nine percent per year,...
KUALA LUMPUR AFP — Malaysian Prime Minister Abdullah Ahmad Badawi has ordered an immediate investigation into the expulsion of national oil firm Petronas from Chad, reports have said. Chad's President Idriss Deby Itno on Saturday ordered Petronas and US energy giant ChevronTexaco to leave the country from Sunday for what...
N'DJAMENA AFP — Chad's President Idriss Deby Itno ordered the foreign oil firms ChevronTexaco and Petronas to leave the country from Sunday for non-payment of taxes. "From tomorrow, representatives of Chevron and Petronas must leave Chad and close their offices for not respecting their commitment in accordance with clauses relating...
WASHINGTON, Oct. 27 /U.S. Newswire/ -- Following is a fact sheet from DNC Research on soaring oil company profits and out-of-control gas prices (Part 2 of 2): Oil Companies Experienced Record $100 Billion in Profits During 2004. According to the New York Times, "Even though the market value of target...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c54594) has announced the addition of "ChevronTexaco Corporation - Company Profile and Executive Databank" to their offering.
Although exploration drilling has not yet begun and any actual production remains years away, a consortium led by ChevronTexaco and ExxonMobil has paid a $123m signature bonus on the production sharing agreement PSA for Block 1 in the joint development zone JDZ between Nigeria and Sao Tome and Principe. ...
NEW YORK AFP — US oil giant ChevronTexaco Corp. said that it is changing its name to Chevron Corp., effective immediately. The company said its ticker symbol, CVX, will stay the same. The San Ramon, California-based energy giant said that it has also redesigned its corporate logo and will...
M2 PRESSWIRE-27 April 2005-InvestSource Inc.: InvestSource: With oil prices on the rise, giants like Exxon Mobil and ChevronTexaco gushed profits this year. IWNN, VLO, ATPG, BDCO, XOMC1994-2005 M2 COMMUNICATIONS LTD RDATE:27042005 Stocks in the News: Irwin Energy Incorporated (OTC: IWNN), Valero...
LAGOS AFP — US oil giant ChevronTexaco has signed a 276 million dollar (211 million euro) deal with FMC Technologies of the United States to make sub-sea production equipment for a huge new Nigerian offshore field, the firm said. ChevronTexaco hopes to produce 250,000 barrels per day from the...
"Today, at a time when the price of gas runs north of $2 per gallon and oil is trading at over $50 per barrel, the idea of motor vehicles powered by hydrogen makes more sense than ever." That was one theme in remarks to the National Hydrogen Association NHA by...
ABUJA AFP — US oil giant ChevronTexaco is to build an oil refinery at its Escravos facility in Nigeria's oil-rich Niger delta, the boss of state-run Nigerian National Petroleum Corporation NNPC said. Funsho Kupolokun told reporters the government has already approved the 30,000 barrels per day project to be...
NEW YORK AFP — Wall Street stocks clawed out modest gains, recouping early losses, as crude oil prices pulled back from record highs. The Dow Jones Industrial Average rose 15.07 points (0.14 percent) to 10,419.37 and the Nasdaq composite added 6.25 points (0.31 percent) to 1,991.06 at the closing...
LAGOS AFP — The US oil giant ChevronTexaco has signed a 1.1 billion dollar (833 million euro) deal with South Korea's Daewoo Shipping and Marine Engineering to build a giant floating platform to exploit Nigeria's offshore reserves. ChevronTexaco affiliate Star Deep Water Petroleum hopes to have the "floating production,...
LAGOS AFP — Nigeria's main oil producing region, the Niger Delta, remains a high risk security zone for the oil majors operating there that count their losses to unrest in hundreds of millions of dollars. Clashes erupt frequently between the security forces working for the oil companies and local...
Philippines, Headwaters Ink CTL Deal Headwaters Technology Innovation Group will build a research- scale, 25 kilogram/day coal-to-liquids CTL plant in the Philippines as part of a deal signed with the country's Department of Energy. If found feasible, plans call for a 50,000-70,000 b/d commercial- scale fuels...
LAGOS AFP — Community unrest in the Niger Delta has forced oil giants Shell and ChevronTexaco to suspend exports totalling 134,000 barrels of oil per day from Nigeria, company spokesmen said. A Shell spokesman said that the company had declared a "force majeure" to warn clients that it would...
LAGOS AFP — Nigerian villagers lifted their blockade of three oil pumping stations in the volatile Niger Delta after energy giants Shell and ChevronTexaco agreed to discuss funding local development projects. The three plants had been occupied since Sunday morning by protesters from the ethnic Ijaw fishing community of...
ChevronTexaco urged the U.S. EPA not to grant enforcement discretion in Atlanta in 2005, when the area is to begin using federal RFG. If the agency does provide that relief, suppliers of non-compliant fuel should be fined. ChevronTexaco made it clear that it opposes delaying implementation of RFG...
Key elements of Delta Air Lines Inc.'s broad turnaround plan will take months if not years to implement, suggesting the struggling carrier is setting itself up for how it will survive after a likely Chapter 11 filing, industry observers and legal experts said Thursday. Delta's plan, announced Wednesday, includes cutting...
ChevronTexaco Global Lubricants is changing its name to ChevronTexaco Products Co. In addition, ChevronTexaco is "reducing and streamlining" the number of divisions that were created when Chevron merged with Texaco in late 2001. All activ ChevronTexaco Global Lubricants is changing its name to ...
