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Tag Archives: chevron

Fab Lab: Where students get hands on with science

Carnegie Science Center has officially unveiled its latest edition, and it is something you won’t want to miss out on if you love science. On Tuesday the center announced the opening of its brand new Fab Lab.  The lab is a digital fabrication lab and a space that focuses around students being able to engage with science, technology, engineering and ...

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Fayette officials OK natural gas lease

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Two Fayette County commissioners Tuesday approved an oil and gas lease that gives Chevron the right to extract Marcellus shale gas from under a 125-acre park, despite the pleas of residents who wanted a vote to be delayed pending additional legal review and a public hearing. Commissioners Al Ambrosini and Vincent Zapotosky voted in favor of the five-year lease for ...

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Chevron lays off 56 local employees

Chevron USA Inc. announced Wednesday that adverse market conditions have prompted it to lay off 56 workers in the San Joaquin Valley, or 3 percent of its Bakersfield-based business unit. The move adds to the 1,200 or more oil-related jobs lost in Kern County since late last year as oil prices have fallen to below $45 per barrel from more ...

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With crude at $50, oil firms fear deeper crisis than in 1980s

LONDON – After slashing spending by $180 billion to deal with one of the worst industry downturns in decades, oil companies are still bleeding cash and slipping further into debt to maintain dividends to shareholders. Depressed crude prices – at below $50 a barrel Brent crude is half what it was a year ago – mean even more cuts are ...

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Tumbling oil prices slam profit at Exxon Mobil, Chevron

Weak oil prices <CLc1> shriveled quarterly profit at Exxon Mobil Corp <XOM.N> and Chevron Corp <CVX.N>, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Earnings at Exxon and Chevron, two of the world’s largest oil producers, also missed analysts’ expectations, adding to concerns that perhaps executives had not ...

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Chevron pulls nearly 1,000 jobs in Houston

Chevron announced Tuesday that the company will lay off 1,500 oil and gas workers companywide, including over 900 positions in Houston. In a statement released to KPRC 2 News, Chevron said that due to cost reduction efforts approximately 950 positions will be reduced in Houston. Operations in San Ramon, California will experience a reduction of 500 jobs and internationally, 50 ...

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Australia’s LNG double-edged sword shows commodity challenges: Russell

(The opinions expressed here are those of the author, a columnist for Reuters.) LAUNCESTON, Australia – With commodity prices slumping, the local currency slipping and manufacturing jobs disappearing, Australians are starting to question whether they’ve backed the wrong economic horse. The country’s wealth and unbroken 24 years of economic growth have largely been built on exploiting natural resources and the ...

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INSIDE FRACKING: Chevron offers rare look at controversial practice

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Patrick Niebuhr was chatting with a visitor outside a mobile command center in the Lost Hills Oil Field when suddenly a loud rumbling arose and exhaust began to stream from a series of red semi-trucks parked nearby. The commotion told Niebuhr, a Bakersfield-based technology manager with Halliburton Co., that the “frack job” he and engineers at Chevron had spent months ...

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After Iran deal, U.S. companies face being left out in cold

WASHINGTON – Within hours of the announcement of an Iran nuclear deal early on Tuesday, lawyers around Washington were fielding calls from U.S. corporate clients eager to know what the 159-page deal would mean for their business prospects. In the near term, the answer for most of them is: not very much. U.S. companies face losing out to foreign competitors ...

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