Chevron Corporation News
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5 min ago | The Motley Fool
The $1.6 billion investment is in addition to the $1.2 billion investment the super-major made in Argentina last year.
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2 hrs ago | ICIS Chemical Business Americas
Shintech's permit application to build a 500,000 tonne/year cracker in Louisiana brings the total number of new crackers planned in the US to 11. The new plants, along with brownfield expansions, represents a 52% increase in existing US ethylene capacity, according to an ICIS analysis.
The way to beat Vladimir Putin is to flood the European market with fracked-in-the-USA natural gas, or so the industry would have us believe.
Oil rose just a penny Wednesday as worries about upheaval in Ukraine offset the dampening effect of a huge increase in U.S. oil supplies.
The rise of LNG, or liquefied natural gas, has sparked somewhat of a revolution in the energy industry.
In the energy world, natural gas is getting a lot of attention. This is entirely deserved, of course, since production of natural gas has taken off over the past several years.
For example, over the past three years management has disposed of assets in Kazakhstan, Algeria, and Nigeria while acquiring and investing in U.S. shale oil, Canadian oil sands, the Gulf of Mexico and the North Sea.
A customer purchases gas Tuesday at the Mobil station at the corner of Diamond Bar Boulevard and Golden Springs Drive in Diamond Bar, where a gallon of regular unleaded sells for $4.79.
Francis resident Jane Gilford already has an existing Chevron pipeline with a 20-foot right-of-way running diagonally through her property.
ExxonMobil chairman and CEO Rex Tillerson, testifying on Capitol Hill in 2011 during Senate hearings into oil companies' rising gasoline prices and profits.
Just this past February, a major South Texas oil refinery discovered severe damage to their Air Cooler tubes while under inspection during a scheduled turnaround.
However, these two oil behemoths are two very different companies with different growth prospects, shareholder returns, and views on the future of the oil industry.
Schramm Inc, which built the drilling rig that four years ago helped rescue 33 trapped Chilean copper miners, has designed a 500,000-pound rig for the oil and natural gas industry that can walk, rotate 360 degrees, be operated with a remote control, and load pipe automatically.
Despite Europe's commitment to decreasing the use of fossil fuel and reducing its carbon emissions, natural gas use keeps increasing, even in Germany.
The Dow moved higher initially after positive reports of retail-sales growth in the U.S. economy, and just when it appeared that the average might give up all of its gains in the final hour of trading, the Dow bounced back and jumped more than 100 points in 45 minutes to finish near its highs of the day.
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