SAN RAMON, Calif., April 10, 2014 – Chevron Corporation (NYSE: CVX) today confirmed that subsidiaries of the company have signed agreements with the Argentine oil company YPF S.A. to continue development of shale oil and gas resources from the Vaca Muerta formation located in the Neuquén province in Argentina. “This is a significant step in […]
NEW YORK & SÃO PAULO- Alcoa (NYSE: AA) today announced it will curtail 147,000 metric tons of smelting capacity at its São Luís (Alumar) and Poços de Caldas smelters in Brazil due to challenging global market conditions in primary aluminum and increased costs that have made the smelters uncompetitive. The curtailments are expected to be […]
HOUSTON – Halliburton (NYSE: HAL) announces the signing ofa partnership agreement with Gubkin Russian State University of Oil and Gas for the development of unconventional resources in Russia, including the Bazhenovshale. A signing ceremony took place on January 30 at the university. As part of the agreement, Halliburton will provide senior technical and management staff […]
WASHINGTON -U.S. energy sector employees can help accelerate economic growth and employment by supporting sound energy policies and education, job training and career development, Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), said today. “Pro-growth energy policies can spur our economy by opening access to American resources, enabling investment and […]
Alpha Natural Resources, Inc. (Alpha), one of the nation’s largest coal companies, Alpha Appalachian Holdings (formerly Massey Energy), and 66 subsidiaries have agreed to spend an estimated $200 million to install and operate wastewater treatment systems and to implement comprehensive, system-wide upgrades to reduce discharges of pollution from coal mines in Kentucky, Pennsylvania, Tennessee, Virginia […]
HOUSTON, Texas, – Chevron Energy Technology Company and GE Oil & Gas announced today the creation of the Chevron GE Technology Alliance, which will develop and commercialize valuable technologies to solve critical needs for the oil and gas industry. The Alliance builds upon a current collaboration on flow analysis technology for oil and gas wells. […]
Shell today announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 billion). The sale covers Shell’s Geelong Refinery and 870-site retail business – along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in […]
HOUSTON–(BUSINESS WIRE)–ExxonMobil Upstream Research Company has awarded the first commercial license for its innovative InteliRed™ remote gas detection system to co-developer Providence Photonics, LLC. The InteliRed system is designed to improve process safety and environmental performance at oil refineries, chemical plants, liquefied natural gas (LNG) facilities and other gas processing facilities. This new, state-of-the-art system […]
WASHINGTON – The Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) today announced the first results from its 2013 investigation into the transportation of Bakken oil, known as Operation Classification, which show that crude oil taken from cargo tanks en route to rail loading facilities was not properly classified. PHMSA has issued three […]
Shell today announces it has begun production from the Mars B development through Olympus – the company’s seventh, and largest, floating deep-water platform in the Gulf of Mexico. It is the first deep-water project in the Gulf to expand an existing oil and gas field with significant new infrastructure, which should extend the life of […]
