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…
Part of Seaway Pipeline Shut After Oklahoma Spill
The Seaway Pipeline Co shut down part of its pipeline system following a leak of crude oil in Cushing, Oklahoma on Monday, said Enterprise Products Partners LP , which operates the pipeline in a venture with Enbridge Inc. The 500-mile, 30-inch diameter pipeline system connects the U.S.
Double Eagle Energy Preps for IPO
Double Eagle Energy Permian LLC is a unicorn roaming the barren landscape of West Texas. Founded by a retired NFL player and his high school buddy - with land deals signed on the hood of a pickup - the Fort Worth oil and gas company is now worth nearly $3 billion…
Chevron Beats US Appeal in Ecuador Pollution Case
A federal appeals court on Monday blocked the enforcement of a more than $8.6 billion pollution judgment obtained in Ecuador against Chevron Corp , letting stand a lower court ruling that said an American lawyer used "corrupt means" to win the award. The 2nd U.S.
Ecuador Pays $112 mln Award to Chevron
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. company $96 million…
Saudi Arabia's Oil Reserves: How Big Are They Really? Kemp
"How much oil lies beneath the desert sands of Saudi Arabia and how long will it last before running out?" is a question that has intrigued and confounded oil experts for five decades. The kingdom has proven reserves of 266 billion barrels according…
Andreae Appointed MD of DEA Norge
After a five-month integration process, DEA has set up a new organisation, DEA Norge in Norway and has appointed Hans-Hermann Andreae as its Managing Director. He heads the business in Norway from the new headquarters in Stavanger. The company…
How Saudi Arabia Defended U.S. Market Share
Saudi Arabia has successfully defended its share of the U.S. oil market even as rising domestic production from shale and growing pipeline imports from Canada have cut seaborne imports from other countries. Saudi crude exports to the United…
Saudi's China Challenge: How Much to Pay for Market Share
It's probably no coincidence that Saudi Aramco revealed it is in advanced talks to buy stakes in Chinese refineries just as data came out showing that Russia toppled Saudi Arabia as China's biggest crude provider in December. This was the fourth month this occurred in 2015…
Kemp: How Saudi Arabia Successfully Defended its US Oil Market Share
Saudi Arabia has successfully defended its share of the U.S. oil market even as rising domestic production from shale and growing pipeline imports from Canada have cut seaborne imports from other countries. Saudi crude exports to the United…
Gibraltar Court Awards Chevron $28 Mln in Damages
Chevron Corp won $28 million in damages after Gibraltar's highest court ruled against a company that was set up to receive and distribute funds resulting from a judgment against Chevron in Ecuador. Gibraltar-based Amazonia Recovery Ltd was set up by Steven Donziger, a U.S.
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…
Nigerian Lawyer Sent to Clean Up State Oil Giant
The new head of Nigeria's state oil company is a workaholic stickler for the rules with a strong background in law, qualities he will need if he is to overhaul an organisation notorious for corruption and mismanagement. Emmanuel Ibe Kachikwu…
US Court Hears Chevron's Fraud Claims in $9.5b Ecuador Dispute
Chevron Corp urged a U.S. appeals court on Monday to uphold a ruling finding that an American lawyer used corrupt means to secure a $9.5 billion pollution judgment in Ecuador. A lawyer for Chevron told the 2nd U.S. Circuit Court of Appeals in New York that Steven Donziger, a U.S.
North Dakota Releases Internal Output Forecast
A stark breakdown from North Dakota projecting how falling oil prices could affect production was formulated using proprietary corporate data and a state official's personal model. Late last Thursday, the Department of Mineral Resources caused…
Saudi, Kuwait Tensions Basis for Oilfield Closure
Shutdown of joint field brings back old disputes; Kuwait is placing restrictions on Chevron's operations. Disagreements over right to operate delayed energy projects. Saudi Arabia's closure of an offshore oilfield it shares with Kuwait has revived speculation of renewed tensions between the two…
Mary A. Francis is CS & CGO of Chevron
Chevron Corporation (NYSE:CVX) today named Mary A. Francis corporate secretary and chief governance officer effective May 1, 2015. In her new role, Francis, 50, will counsel the board of directors and senior management of Chevron on corporate governance matters…
The History of Offshore Energy
Offshore exploration is a history of man v. Prospecting for oil is a dynamic art. From a lake in Ohio, to piers off the California coast in the early 1900s, to the salt marshes of Louisiana in the 1930s, to the first “out-of-sight- of-land” tower in 1947 in the Gulf of Mexico…
US Court Revives Oil Co. WWII Site Cleanup Lawsuit
A divided U.S. appeals court on Monday revived efforts by oil companies to force the federal government to cover their costs to clean up a southern California site where they had dumped toxic sludge during World War Two. By a 2-1 vote, the U.S.
Chevron Wins A Round In U.S. Suit - Ecuador Case
A federal judge on Friday rejected a bid by a U.S. lawyer to stall the enforcement of a ruling that found he used fraud to secure a $9.5 billion pollution judgment against Chevron Corp in Ecuador. Lawyer Steven Donziger is appealing a 500-page decision issued by U.S.
