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Exxon Mobil And Chevron: Big Oil Players For A Bad 2016

2016-01-08 13:36:34| Chemicals - Topix.net

I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Crude oil has got off to a bad start this year and the trend could continue due to an economic slowdown in China and ballooning gasoline inventories.

Tags: big bad players oil

Chevron

2015-12-31 15:36:15| Energy - Topix.net

Hebert Slattery lll wrote in the 157-page lawsuit that Chevron received taxpayer money when it wasn't supposed to. It says gasoline stored in underground storage tanks can sometimes leak or spill out.

Tags: chevron

Chevron slashes 1,200 jobs in WA

2015-12-23 07:26:59| Energy - Topix.net

Oil and gas giant Chevron has slashed more than 1,200 jobs at its massive Gorgon LNG project in Western Australia in the lead up to Christmas. Around 530 electrical workers on Gorgon were laid off last week, while another 700 positions, including those of boilermakers, pipe fitters, welders and trades assistants, were axed in the last two weeks, The Australian newspaper reported on Wednesday.

Tags: jobs wa chevron slashes

Chevron signs up China Huadian for Gorgon LNG sales

2015-12-22 05:52:53| Oil & Gas - Topix.net

US gas giant Chevron has moved to reduce its exposure to weak LNG spot prices by signing a deal to sell gas from its Australian projects to China Huadian Green Energy Co. The deal is for up to 1 million tonnes a year of LNG for 10 years starting in 2020, with LNG likely to be supplied from the huge Gorgon and Wheatstone LNG projects, which are nearing completion of construction in Western Australia.

Tags: sales china signs lng