Chevron (ticker: CVX) has terminated its contract with Ukraine to extract shale gas in the western part of the country. The world’s third largest oil company by market cap spent more than a year to get the government to simplify taxation for development, reports local media. “We have just terminated that PSA (production sharing agreement),” said Peter Clark, Chevron’s country
Chevron Corporation (ticker: CVX) announced this week that crude oil and natural gas production has begun at the Jack and St. Malo offshore project in the Lower Tertiary trend, deepwater U.S. Gulf of Mexico. Jack/St. Malo was delivered on time and on budget, reports the company. Production from the first development stage is expected to ramp up over the next
Dozens, even hundreds of E&Ps and service providers in the oil and gas industry have recently announced intentions to dial back expenditures in 2015. Supermajors like Shell (NYSE: RDSB) and ExxonMobil (NYSE: XOM), on the other hand, both pledged to reduce expenditures in analyst days in the spring of this year, when WTI and Brent prices were resting comfortably in the $90 to
