Flagging of its interest in the black gold this week, China National Oil Corporation secured its place in Iraq. Together with BP, it signed the first big oil deal. Why the sudden interest in oil?
Continue reading "China & Crude: Battling New Frontiers"
Thursday, June 25, 2009
Activities of the Niger Delta militant groups also known as the Movement for the Emancipation of the Niger Delta people, has affected major oil facilities belonging to Agip, Shell and Chevron, and have also resulted in adverse consequences on oil production in Nigeria. For full story, click here
Continue reading "Nigeria, Iran Crisis have little impact on crude futures"
Tuesday, June 23, 2009
U.S. oil major Chevron Corp. commenced crude oil output at its Frade prospect in Brazil, marking a significant milestone as foreign companies start to ramp up output in Latin America’s most-promising oil frontier. For full story, click here
Thursday, May 14, 2009
OPEC-related output cuts at Chevron’s oil fields in Venezuela have held steady at between 50,000 and 70,000 barrels per day in recent months. For full story, click here
Continue reading "Chevron Venezuala crude holds steady at 50- 70,000 bpd"
Wednesday, May 6, 2009
Chevron Corp. declared its $4.7 billion Tahiti field in the Gulf of Mexico began pumping crude Tuesday, almost two years after faulty parts delayed construction. For full story, click here
Continue reading "Chevron commenced pumping from $4.7B Tahiti platform"
Tuesday, March 3, 2009
When California-based refining giant Chevron acquired 5 per cent stake in Reliance Petroleum in April 2006, just weeks before the Mukesh Ambani firm’s initial public offer, it was hailed as Big Oil’s first serious entry into Indian oil refining. For full story, click here
Continue reading "Why RIL-Chevron honeymoon ended abruptly"
Monday, October 6, 2008
Clearly Monday was not particularly good news for oil companies. With futures settling below $90 per barrel, ($87.81 when Benchmark went to proofing) the industry is seeing the lowest prices since February.
Continue reading "Benchmark: How low can it go?"
Monday, August 25, 2008
Barrel prices nosed upward of $115 on Monday, largely due to a sagging US dollar. Analyzing this in reference to last week’s barrel and dollar prices shows the extent to which crude is tied to currency differentials. The relationship is not one sided, either. For us Canadians, high oil prices are keeping our dollar near parity with that of our neighbours.
Continue reading "Benchmark: August 25"
Monday, August 4, 2008
Chevron Corporation reported its Nigerian affiliate, Star Deep Water Petroleum Ltd, has started crude oil production from the Agbami Field. For full news, click here
Continue reading "Chevron Announces First Production From Agbami Field"
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Thursday, November 5, 2009