Energy

Chevron announces USD18.3 billion budget for 2018
Energy

Chevron announces USD18.3 billion budget for 2018

Chevron Corporation said its 2018 capital and exploratory spending program of USD18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. “Our 2018 budget is down for the fourth consecutive year, reflecting project completions, improved efficiencies, and investment high-grading,” said Chairman and CEO John […]

Statoil gets nod to begin Askepott drilling
Energy

Statoil gets nod to begin Askepott drilling

Statoil has received consent to use the Askepott mobile drilling facility in order to perform well activity at Oseberg Vestflanken 2. The Petroleum Safety Authority Norway said the consent Statoil has received covers drilling, side-track drilling, plugging and well intervention at the Oseberg Vestflanken 2. Drilling work was scheduled to […]

Erin commences drilling of Oyo North West Well
Energy

Erin commences drilling of Oyo North West Well

Erin Energy Corporation has commenced drilling of the Oyo North West well (Oyo-NW). Oyo-NW is a high-impact exploration well being drilled with the Pacific Bora, a sixth-generation drilling rig, on the Company’s offshore Nigeria block 120. The well is expected to take approximately 60 days to drill and log. “We […]

ExxonMobil acquires exploration acreage in three Mauritania Offshore Blocks
Energy

ExxonMobil acquires exploration acreage in three Mauritania Offshore Blocks

ExxonMobil Exploration and Production Mauritania Deepwater Ltd., has signed production sharing contracts with the government of the country for three deepwater offshore blocks. “These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We thank the government of Mauritania for the opportunity […]

Brazilian court halts judgement execution against Chevron
Energy

Brazilian court halts judgement execution against Chevron

Brazil’s Superior Court of Justice (STJ) unanimously rejected an attempt to enforce a fraudulent Ecuadorian judgment against Chevron Corporation on Wednesday, November 29, citing a lack of jurisdiction. Chevron said in a statement that the fraudulent judgment has now been rejected in Argentina, Brazil and the United States. “Courts around […]