Tag: Chevron
Wells Fargo ex-CEO John Stumpf resigns from Chevron, Target boards
John Stumpf remains on Financial Services Roundtable board Oct 18 (Reuters) – John Stumpf resigned from the boards of Chevron Corp and Target Corp a week after he quit Wells Fargo & Co as chief executive bowing to pressure over its sales tactics. Stumpf resigned for personal reasons and not as a result of a […]
Chevron Bangladesh assets sale discussions ongoing
Chevron Bangladesh units produce natural gas, condensate DHAKA, Oct 13 (Reuters) – Chevron Corp confirmed that the company is in “commercial discussions” regarding its Bangladesh assets, as the second-largest U.S. energy company moves forward with plans to sell assets amid a prolonged slump in energy prices. However, Chevron stressed that no decision has been made […]
Chevron plans to start Gorgon condensate sales this month
Gorgon shut in July due to technical problems SINGAPORE, Oct 13 (Reuters) – Chevron Corp could this month start selling condensate produced at the Australian Gorgon gas field, trade sources said on Thursday. Chevron could market a 600,000-650,000-barrel cargo for loading in December, they said, although the company is still finalising some details. The firm […]
Chevron supports director John Stumpf despite Wells Fargo morass
Pressure on John Stumpf to resign as Wells Fargo CEO By Ernest Scheyder HOUSTON, Oct 3 (Reuters) – Chevron Corp on Monday said it stands behind John Stumpf, a member of its board and the chief executive of bank Wells Fargo & Co, despite growing concerns about his leadership during a customer service scandal. Pressure […]
Nigeria sues ENI, Chevron, other oil companies
Nigeria looking for $160 million ABUJA, Sept 20 (Reuters) – Nigeria has filed a lawsuit against Italian energy firm ENI, U.S. major Chevron and other international oil firms over some crude exports, ENI, Chevron and a government official said on Tuesday. “The claim dates back to last March and refers to a request to our subsidiary […]
Australia’s CIMIC sues Chevron over $1.4B Gorgon LNG construction dispute
Dispute over jetty at Gorgon LNG SYDNEY, Aug 22 (Reuters) – Australian construction company CIMIC Group said on Monday it had started court proceedings in the United States against Chevron Corp and KBR Inc, seeking as much as A$1.86 billion ($1.42 billion) regarding a dispute over the jetty at the Gorgon LNG project in Western […]
Chevron Niger Delta demonstrations widen: Protest leader
Chevron Niger Delta protests over jobs, housing ONITSHA, Nigeria Aug 15 (Reuters) – Protesters blocked the gate to offices of U.S. oil company Chevron in Nigeria’s Niger Delta on Monday, widening a week-long demonstration to demand jobs and housing, a protest organizer and a community leader said. Youths, most of them unemployed, have also blocked the […]
Protesters block entrance to Chevron Niger Delta facility
Protestors demand jobs and housing at Chevron Niger Delta facility protest YENAGOA, Nigeria, Aug 10 (Reuters) – Protesters blocked the entrance to a Chevron oil facility in Nigeria’s restive Niger Delta on Wednesday, demanding jobs and housing, a protest leader said. “Chevron has not fulfilled many of its promises,” said Collins Edema, a youth and […]
Chevron beats U.S. appeal in Ecuador oil pollution case
Ecuador oil pollution case originally awarded $8.6B to affected residents By Jonathan Stempel NEW YORK, Aug 8 (Reuters) – Chevron Corp persuaded a federal appeals court on Monday to block enforcement in the United States of an $8.65 billion Ecuadorean pollution judgment that it said, and which the court agreed, was obtained through bribery and fraud. The […]
Ecuador pays $112 million award to Chevron – central bank
Ecuador paid Occidental Petroleum $980 million this year to compensate for seizing its oil field in 2006 CARACAS (Reuters) – Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said. A Hague arbitration court awarded the U.S. […]
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