Chevron Welcomes Shell to the Wheatstone Project

Chevron Corporation today announced the signing of agreements with Shell Development (Australia) Pty Ltd to bring Shell into the Chevron-operated Wheatstone Project as a natural gas supplier and equity participant. George Kirkland, vice chairman, Chevron Corporation, said, “Chevron is pleased to welcome another participant into the Wheatstone Project.... 

S&P 500 eyes best week in nine

Stocks were headed for their best week in nine on Friday as the market defied calls for a pullback despite signs of rotation into defensive and lagging sectors that could intensify in coming weeks. Signs of improvement in the economy and strong corporate earnings have propelled stock prices but tapering volume, meager gains and declining numbers of... 

Chevron profit climbs, but reserves data weigh

Chevron Corp’s 72 percent rise in quarterly profit easily beat Wall Street forecasts, but anemic growth in its oil reserves disappointed investors and its shares fell 1.5 percent. Like smaller rivals ConocoPhillips and Occidental Petroleum Corp, earnings at the second-largest U.S. oil company were lifted by the strength of oil prices. But Chevron... 

Global Oil and Gas Upstream M&A 2010 Review

Record $211 billion in deals announced in 2010; Study sees another strong year in 2011 with more than $90 billion of properties on the market. PLS Inc., with international partner Derrick Petroleum Services and further analysis from Rystad Energy, reports global upstream oil and gas M&A activity for 2010 reached a record $211 billion. That volume... 

Forensic Expert Discovers Elaborate Forgery of Plaintiffs’ Signatures Authorizing 2003

Chevron Corporation today submitted expert analysis from a leading forensic specialist demonstrating that many of the signatures on the document purporting to authorize the lawsuit against Chevron in Lago Agrio, Ecuador, were forged. According to Chevron’s filing, this newly uncovered evidence of forgery and fraud makes clear that the lawsuit has... 

Cameron Receives $83 Million Award for Subsea Systems From Chevron

Cameron has received an order worth approximately $83 million for the supply of subsea production systems for Phase II of Chevron’s Tahiti subsea development in the Gulf of Mexico. The project includes eight 15,000-psi subsea trees, production control systems, connection systems, engineering and project management services and related equipment.... 

Chevron Energy Solutions Expands Into Hawaii

Chevron Energy Solutions announced today the opening of a new office in Honolulu and its selection by the State of Hawaii as one of the state’s pre-qualified energy service companies. This selection allows the company to perform energy services — including developing and installing cost-reducing energy efficiency improvements and renewable... 

Meridium Debuts New Asset Health Monitoring Solution

Meridium Inc., the global leader in asset performance management (APM) software and consulting solutions, released its newest solution, Asset Health Indicators, in v3.3.1 of its APM software package. Meridium’s Asset Health Indicator (AHI) solution is an extension to Meridium’s Asset Strategy Management application and provides the ability... 

Aloha Petroleum, Ltd. Selects CBX to Design a New Convenience Store Prototype

Aloha Petroleum, Ltd., a privately held oil marketer, has selected CBX, the strategic branding, design, and consultancy agency based in New York, to design a prototypical convenience store, beginning with a new, ground-up unit to open on Oahu in 2009. Currently, Aloha Petroleum serves Hawaii with more than 30 company-operated Island Mini-Mart convenience... 

Chevron Has Selected b2een From Amalto Technologies to Enable Electronic Transactions With Its Suppliers

Amalto Technologies today announced that Chevron U.S.A. Inc. has selected its b2een solution to enable exchanges of electronic documents with suppliers across Chevron businesses. Amalto b2een combines a light web 2.0 client software providing a secured transport mechanism of encrypted documents between the trading partners and a SaaS* platform to manage...