ExxonMobil's Canada Offshore Project Produces First Oil
The Hebron oil project off the coast of eastern Canada has produced its first oil, operator Exxon Mobil said on Tuesday, in a boost to Atlantic Canada's output after years of weak crude prices. At its peak Hebron will produce up to 150,000 barrels per day (bpd), Exxon said. It will help Atlantic Canada offshore production climb 44 percent to 307,000 bpd by 2024, according to estimates from the Canadian Association of Petroleum Producers. The platform is located 200 miles (350 kilometres) off the coast of Newfoundland and Labrador in depths of 300 feet (92 metres) and the oil field…
Court rejects bid to enforce Ecuador judgment on Chevron Canada
A Toronto court has rejected a bid by Ecuadorian villagers to enforce a judgment in their home country against Chevron Canada Ltd, ruling the subsidiary is not liable for parent Chevron Corp, the U.S. oil major said on Friday. A Canadian lawyer for the villagers in the environment-damage lawsuit said the ruling is "not a modern-day view," and that an appeal will be filed. Residents of Ecuador's Lago Agrio region have been trying to force Chevron to pay for water and soil contamination caused from 1964 to 1992 by Texaco, which Chevron acquired in 2001.
Chevron names Nelson VP Strategic Planning
Chevron Corporation named Mark A. Nelson corporate vice president of Strategic Planning, effective April 1, 2016. “Mark is a proven leader whose breadth of international, corporate and operating experience will serve Chevron well as we actively shape the company for continued long-term success,” said John S. Watson, Chevron’s chairman and chief executive officer. Nelson, currently president of International Products, replaces Joseph M. Naylor who was appointed vice president of Policy, Government & Public Affairs in February.
Top Canada Court: Ecuador Villagers Can Sue Chevron in Ontario
Canada's top court ruled on Friday that a group of Ecuadorean villagers could pursue a multi-billion pollution lawsuit against Chevron Corp in the Canadian province of Ontario. Chevron is contesting a ruling by Ecuador's highest court, which said the firm had to pay $9.5 billion to clean up contamination at a site it once owned. The villagers are now going after Chevron assets for countries in Canada, Brazil and Argentina. "Canadian courts, like many others, have adopted a generous and liberal approach to the recognition and enforcement of foreign judgments…
Teekay Orders 3 Tankers for Canada Contracts
Teekay Offshore Partners L.P. informs it has entered long-term contracts to provide shuttle tanker services for a group of companies producing oil on Canada’s East Coast, including Chevron Canada, Husky Energy, Mosbacher Operating Ltd., Murphy Oil, Nalcor Energy, Statoil and Suncor Energy. The 15-year contracts, plus extension options, will initially be serviced by one of Teekay Offshore’s existing shuttle tankers, the Navion Hispania, and two to three third party-owned shuttle tankers currently operating in East Coast Canada…
Chevron Shedding Some Canadian Shale Assets
Chevron Corp said it would sell a 30 percent stake in its Duvernay shale properties in Canada to Kuwait Foreign Petroleum Exploration Co for $1.5 billion. Chevron's Canadian subsidiary has exploration leases for about 330,000 net acres (1,335 square km) in the Duvernay shale formation. The area is located about 124 miles (200 km) northwest of Edmonton, Alberta. The deal also creates a partnership for appraisal and development of liquids-rich shale resources in the Kaybob area of the Duvernay, Chevron said.
Rhonda I. Zygocki Retires from Chevron
Chevron Corporation announced today that Rhonda I. Zygocki, executive vice president, Policy and Planning, has elected to retire from the company after 34 years of outstanding service effective Feb. 1, 2015. The company also said it is making new reporting assignments for several executives. "Over the course of her career, Rhonda made many significant contributions to our business and distinguished herself as one of our most versatile and proven leaders," said John Watson, Chevron's chairman and chief executive officer. Zygocki is a native of St. John's, Newfoundland, Canada.
Chevron Announces New Executive Assignments
Rhonda I. Chevron Corporation announced today that Rhonda I. Zygocki, executive vice president, Policy and Planning, has elected to retire from the company after 34 years of outstanding service effective Feb. 1, 2015. The company also said it is making new reporting assignments for several executives. "Over the course of her career, Rhonda made many significant contributions to our business and distinguished herself as one of our most versatile and proven leaders," said John Watson, Chevron's chairman and chief executive officer. Zygocki is a native of St.
TransCanada to Proceed on Western Canada Pipeline Extension
Canadian pipeline operator TransCanada Corp said on Wednesday it has inked agreements with oil and gas producers Chevron and Apache that will underpin the development of a major extension of its natural gas pipeline system in western Canada. TransCanada said its subsidiary NOVA Gas Transmission (NGTL) has signed agreements with Chevron Canada Ltd and Apache Canada Ltd to transport about 1.9 billion cubic feet per day (Bcf/d) of natural gas for the energy producers. The…
