Exxon, Chevron dust off West Africa plans
Equatorial Guinea Vice President Teodoro Nguema Obiang Mangue said state-backed Gepetrol was on the way to increasing its operational capacity.
Chevron
Chevron profit falls shy of estimates on refining weakness
Chevron Corp. (NYSE: CVX) fell short of analysts’ expectations amid weak returns from its overseas refineries as the oil giant moves closer to the $53 billion purchase of storied rival Hess Corp.
Conoco among many considering shale patch M&A
Conoco is not alone in its pursuit of CrownRock, though.
US oil majors stay ahead of Europe as deals beat strategy pivot
Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking US peers remains stubbornly wide.
Chevron to buy Hess for $53 Billion in latest oil megadeal
Chevron Corp. (NYSE: CVX) agreed to buy Hess Corp. (NYSE: HES) for $53 billion, the latest major US oil takeover as the industry bets on an enduring future for fossil fuels.
Egypt weighs impact of Israel gas field halt on LNG exports
The stoppage at Tamar could result in lower shipments to buyers in Europe, who are increasingly reliant on alternatives to Russian pipeline flows, especially during the winter heating season.
Australia LNG unions give notice to resume strikes at Chevron sites
Workers at Chevron’s liquefied natural gas facilities in Australia gave notice Monday to resume strikes, a move that could disrupt supplies and send prices higher.
LNG threat returns as Australia workers discuss resuming strikes
Union members at Chevron Corp. liquefied natural gas facilities in Australia are deciding on a plan to resume strikes after criticizing the company’s efforts to finalize an agreement on pay and conditions.
Chevron and unions agree to end Australia LNG strikes
Chevron (NYSE: CVX) and labor unions reached an agreement to end strikes at key liquefied natural gas facilities in Australia that have roiled the global market for the fuel.
Chevron and unions near deal to end LNG strike, regulator says
Chevron (NYSE: CVX) and unions are close to a deal to end strikes at LNG export plants in Australia that have roiled global markets, with the nation’s regulator proposing an agreement to bridge the remaining issues.
$100 oil is in sight, says analysts and Chevron CEO
As crude futures leap higher, traders and analysts are increasingly talking about when — not if — prices return to $100 a barrel.
Turbine trips and loading woes, Chevron faces Australian union pressure
The Offshore Alliance has refused to provide advance warning to Chevron of strike action.
Australian LNG workers escalate strikes at Chevron plants
Liquefied natural gas workers at key Chevron sites in Western Australia have begun ramping up a campaign of industrial action in a dispute that has roiled global energy markets.
Chevron buys into world’s biggest hydrogen-storage plant in Utah
Chevron (NYSE:CVX) will become majority owner of what’s expected to be the world’s largest hydrogen production and storage facility as the oil giant invests in tech aimed at addressing the intermittency that plagues wind and solar power.
Chevron asks regulator to intervene in Australia LNG strikes
Chevron (NYSE: CVX) is applying to a labor regulator to help resolve its dispute with unions at liquefied natural gas sites in Australia as workers continue partial strikes.
Gas prices jump as LNG workers begin long-awaited strikes
Members of the Offshore Alliance union said they will stop work completely for two weeks starting Sept. 14.
Chevron LNG workers reject pay offer, opening way for talks
Employees at two Chevron liquefied natural gas facilities in Australia voted down the company’s pay package proposal, according to a union body, opening the way for a resumption of talks in the standoff that threatens global supply.
Rejecting Egypt route, Cyprus aims to capture more Aphrodite value
Pressure has been growing on the Cypriot government to increase local benefits, particularly given high electricity prices.
Australian LNG strike threat remains focus amid Chevron dispute
The threat of strikes at some Australian liquefied natural gas plants remains in focus amid pay disputes between Chevron and union officials, as unions endorsed action at the company’s Gorgon and Wheatstone facilities.
European gas prices slump as risk of Australian strike recedes
With inventories nearly full well before the start of the heating season and industrial demand subdued, the continent for now remains well supplied.
LNG strike risks drag on in Australia as new talks eyed
Woodside Energy Group and officials representing workers at some of its liquefied natural gas facilities are likely to hold more talks next week after failing to reach agreement on issues that could trigger strikes and disrupt global exports.
Natural gas workers urge quick end to Australia strike threat
Workers threatening strikes at Chevron Corp. and Woodside Energy Group liquefied natural gas operations in Australia have urged the firms to quickly resolve disputes and avoid any costly disruption to exports.
Update: European gas jumps most since March 2022 on LNG strike vote
European natural gas jumped by the most since March of last year amid the possibility of worker strikes in Australia, highlighting market jitters over potential supply disruptions.
Eni takes control of IDD, while Chevron focuses on low carbon options
Indonesia accounted for 0.1% of Chevron’s production in 2022. It lost the Rokan block in August 2021, which had contributed 130,000 bpd the previous year.
Big Oil’s weak chemical margins add to pain of cheaper crude
Plunging margins for petrochemicals are set to take a bite out of Big Oil’s quarterly profits, adding to the pain companies are feeling from lower oil and gas prices.