Below are the top 10 oil companies of 2012, ranked by daily production.
Articles Tagged "NYSE:CVX"
Understanding asset values is the name of the game for early-stage resource plays—that's how investors in the Bakken made huge returns. But with the first round of shale plays largely maturing, where are the next big opportunities for junior explorers? In many cases, abroad, says James West, publisher of The Midas Letter. In this interview with The Energy Report, West rolls out the map and shows us where juniors are headed. He also names some companies who are thriving on North American soil. If boots-on-the-ground prospecting puts a glint in your eye, read on.
Here's a look at the US shale gas industry and an overview of two of the main companies operating in that sector.
Natural gas investors applauded a move by energy giant Chevron to buy a stake in, and operate, a proposed liquid natural gas project on Canada’s British Columbia coast.
The Globe and Mail reported that Chevron Corp. (NYSE:CVX) has agreed to take 50-percent ownership of Kitimat LNG by buying the minority positions held by Encana Corp. (TSX:ECA,NYSE:ECA) and EOG Resources Inc. (NYSE:EOG). The move places Chevron at the helm of the project and brings it closer to becoming a reality.
Apache Corporation (NYSE:APA, NASDAQ: APA) announced that it has signed an agreement with Chevron Canada Limited to build and operate the Kitimat LNG project and develop world-class shale gas resources at the Liard and Horn River basins located in B.C.
The Wall Street Journal reported that Chevron Corp. (NYSE:CVX) paid a $17.3 million fine for irregularities related to a 2011 oil spill off the coast of Rio de Janeiro.
Reuters reported that Chevron (NYSE:CVX) and YPF SA (NYSE:YPF) have signed a memorandum of understanding to explore for natural gas and shale oil in Argentina's Vaca Muerta field. Repsol SA, which had its stake in YPF seized by the Argentinian government earlier this year, plans to take legal action against Chevron.
As support for ethanol wanes, algae-based biofuels are beginning to attract interest from some heavy-hitters in the energy industry.
Although overshadowed by the Alberta oil sands, offshore drilling on Canada’s east coast holds some interesting prospects.