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Tag Archives: chevron

EnLink acquires 1,400 miles of Gulf Coast pipeline

EnLink Midstream has officially finalized its acquisition of Gulf Coast natural gas pipelines. The company obtained the assets, including the Bridgeline system, from Chevron. EnLink believes that the addition will only serve to improve its position in the Louisiana natural gas market. The oil and gas industry has seen renewed growth and demand in southern Louisiana, and EnLink’s new pipelines ...

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COLUMN – Why Argentina is most attractive shale play outside US: Kemp

LONDON, Nov 3 – Cristina Fernandez, president of Argentina, is the sort of populist political leader financial markets love to hate. For business interests and the media, she has become an archetypal villain, a symbol of everything that has gone wrong with the country’s economy over the last century. Extreme political polarization, serial defaults, devaluations, hyper-inflation and expropriations of foreign ...

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Exxon, Chevron results boosted by refining as oil prices slip

Mobil sign

(Reuters) – A surge in refining profits boosted quarterly results at Exxon Mobil Corp <XOM.N> and Chevron Corp <CVX.N>, helping to offset declining oil and gas production and falling crude oil prices. Both companies reported better-than-expected third-quarter profits on Friday, with executives touting the importance of owning massive refineries alongside oil and gas wells. Refining profits tend to rise when ...

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Top 5 stories of the week

Here are the top five stories from Marcellus.com for the week of Oct. 20 through Oct. 24. 1. 10 highest paying jobs in the Marcellus and Utica region A recent report has detailed the 10 highest paying jobs in the Marcellus and Utica Shale regions. Advancements in horizontal drilling and the development of unconventional shale plays such as the Marcellus and Utica has ...

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New deepwater Gulf payzone discovered by Chevron-BP joint project

Another oil discovery has been made in the deepwater shelves of the Gulf of Mexico. Chevron announced today that its well, Keathley Canyon Block 10 Well No. 1, entered a payzone at the Guadalupe prospect. About 180 miles from the Louisiana coastline and 3,992 feet underwater, the well is 30,173 feet deep into the Lower Tertiary Wilcox Sands. The Guadalupe ...

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Chevron funds study targeting hurdles to STEM curriculum

With 700 workers employed in gas drilling operations in the tri-state region surrounding Pittsburgh, energy giant Chevron believes it has a significant stake in whether current middle and high school students are adequately prepared for careers in the gas and drilling sector. That’s why the California company helped underwrite a wide-reaching study that attempts to dig deeper into what obstacles ...

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Chevron sells stake in Canadian shale field to Kuwait

Oct 6 (Reuters) – Chevron Corp said on Monday it would sell a 30 percent stake in its Canadian oil shale holdings to Kuwait’s state-owned oil company for $1.5 billion. The deal with Kuwait Foreign Petroleum Exploration Co helps Chevron reduce production risk and gives it more capital to increase drilling in Alberta’s Duvernay shale formation, one of North America’s ...

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Chevron selling Duvernay stake in $1.5B deal

gas, Chevron

SAN RAMON, Calif. (AP) — Chevron’s Canadian subsidiary is selling its 30 percent stake in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Co. in a $1.5 billion deal. The Duvernay shale play is in west-central Alberta, Canada. Once the deal closes, Chevron Canada Ltd. will still have a 70 percent stake in Duvernay and will continue as its ...

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