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Author | Legal Icon | Energy Expert
12th June 2022
High Gasoline Prices May Limit Support for Energy Transition – Chevron’s CEO
According to Mike Wirth, CEO of Chevron, record-high fuel costs in many nations may weaken public support for a green energy transition, as consumers have begun to associate high prices...
31st January 2022
Chevron Records Best Yearly Earnings For 7 Years
Chevron (NYSE: CVX) had a record-high free cash flow and its strongest annual earnings since 2014, thanks to rising oil and gas prices and an economic comeback in 2021. In...
8th October 2021
Iraq Accepts Chevron’s Offer to Develop Oil Exploration Blocks
The Iraqi oil ministry said in a statement on Monday that the Ministerial Energy Council has approved talks with Chevron for the development of four (4) exploration blocks in the...
18th September 2021
Chevron CEO Warns of High Energy Prices
The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive. “There...
27th January 2021
Conoil Pays Deposit for Chevron’s Equity in Nigeria’s OMLs 86 and 88
Nigerian independent owned Exploration and Production company, Conoil Producing, has paid a deposit for its purchase of the 40% equity held by Chevron Corporation in Oil Mining Lease (OMLs) 86...
5th November 2020
Chevron Nigeria Limited Appoints New Chairman and Managing Director
Chevron Nigeria Limited (CNL) has announced the appointment of Mr Richard Kennedy as the new Chairman and Managing Director of the oil company effective from the 1st of November 2020....
3rd October 2020
Chevron to Reduce its Workforce in Nigeria by 25%
Chevron Nigeria Limited has announced that is cutting its workforce by 25% as a result of the prevailing business climate caused by the COVID-19 pandemic which has led to low...
17th August 2020
Chevron, Shell, BP, Total and Exxon Mobil Slash Production, Assets by $50 billion
The five largest oil production companies in the world collectively cut their asset value by almost $50 billion in the second quarter of 2020. They also slashed production rates due...
12th August 2020
NNPC Calls for Bidders for Pipeline Renovation
The National Oil Company of the African oil giant has invited investors willing to fix the country's oil pipelines and depots that serve the oil refineries. This was contained in...
1st August 2020
ExxonMobil Faces the Worst Loss in its History
Exxon Mobil posted its worst loss in history in the aftermath of the effects of the COVID-19 pandemic which has caused a brutal loss to the oil giant's business and...