Key Developments: Chevron Corp (CVX)

CVX on New York Consolidated

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17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

YPF updates on project investment agreement with Chevron Corp
Wednesday, 9 Apr 2014 08:00pm EDT 

YPF SA:YPF and certain of its subsidiaries and subsidiaries of Chevron Corp have completed second phase of project investment agreement.Chevron has confirmed its decision to continue with investment project in unconventional hydrocarbons in Loma Campana area.Chevron to commence third phase of project.Duration of third phase to encompass life of project, until the expiration of Loma Campana concession.Total development of Loma Campana area to be carried out by both companies, sharing investments 50 percent each.YPF and Chevron signed new investment project agreement for joint exploration of unconventional hydrocarbons in province of Neuquen.Agreement contemplates drilling of nine exploratory wells (seven vertical and two horizontal) within area dedicated to project, known as Chihuido de la Sierra Negra Sudeste-Narambuena.Investment to be undertaken exclusively by Chevron.  Full Article

PGNiG SA signs shale gas cooperation agreement with Chevron Polska
Monday, 31 Mar 2014 06:02am EDT 

Polskie Gornictwo Naftowe i Gazownictwo SA:Signs first phase cooperation agreement with Chevron Corp Polish subsidiary Chevron Polska Energy Resources Sp. z o.o. for shale gas research.Four exploration licenses in South-East Poland to be evaluated: Zwierzyniec and Grabowiec (belonging to Chevron), Tomaszow Lubelski and Wiszniow-Tarnoszyn (belonging to PGNiG).Scope of works include research drilling.Cooperation includes exchanging geological and research data.Second phase cooperation agreement to be signed in case of successful results of first phase research.  Full Article

Chevron Corporation acquires shallow water acreage offshore myanmar
Thursday, 27 Mar 2014 02:05am EDT 

Chevron Corporation:Myanmar subsidiary, Unocal Myanmar Offshore Co., Ltd., has been granted exploration rights in a block located offshore Myanmar, in the Rakhine basin.  Full Article

U.S. Court declares Ecuador judgment against Chevron Corp fraudulent, unenforceable
Tuesday, 4 Mar 2014 07:07pm EST 

Chevron Corp:Says the U.S. District Court for the Southern District of New York ruled that the $9.5 billion judgment against Chevron Corp in Ecuador was the product of fraud and racketeering activity, finding it unenforceable.Says the nearly 500-page ruling finds that Steven Donziger, the lead American lawyer behind the Ecuadorian lawsuit against the company, violated the federal Racketeer Influenced and Corrupt Organizations Act (RICO).Committing extortion, money laundering, wire fraud, Foreign Corrupt Practices Act violations, witness tampering and obstruction of justice in obtaining the Ecuadorian judgment and in trying to cover up his and his associates' crimes.  Full Article

Chevron Corp's Chevron Energy Technology company and GE Oil & Gas form technology alliance
Monday, 3 Feb 2014 02:00am EST 

Chevron Corp:Announces the creation of the Chevron GE Technology Alliance, which will develop and commercialize valuable technologies to solve critical issues for the oil and gas industry.Says the alliance builds upon a current collaboration on flow analysis technology for oil and gas wells and will leverage research and development from GE's newest Global Research Center.  Full Article

Chevron Corp announces quarterly dividend
Wednesday, 29 Jan 2014 04:30pm EST 

Chevron Corp:Says it has declared a quarterly dividend of $1.00 per share, payable Mar. 10 to holders of common stock as shown on the transfer records of the Corporation at the close of business on Feb. 14.  Full Article

Chevron Corp and group of oil, gas companies join seismic acquisition project in Barents Sea
Monday, 9 Dec 2013 07:00pm EST 

Statoil ASA:Says a group comprised of 17 oil and gas companies has established a project for joint seismic acquisition in the southeastern Barents Sea and Statoil is the operator of the project.Says the companies taking part from the beginning are BP Plc, Chevron Corp, ConocoPhillips, Det norske oljeselskap ASA, Eni SpA, GDF Suez SA, Idemitsu Kosan Co, NK Lukoil OAO, Lundin Petroleum AB, Norske Shell, PGNiG, Repsol SA, Spike, Statoil, Suncor Energy Inc, VNG and Wintershall.Says at the request of the Norwegian Ministry of Petroleum and Energy (MPE), the industry, via the Norwegian Oil and Gas Association, has taken the initiative to jointly acquire seismic 3D data from the blocks in the southeastern Barents Sea.Says the blocks will be announced in the 23rd licensing round for the Norwegian continental shelf (NCS) in 2014.Says this is the first new area on the NCS to be opened since 1994.Says 30 companies showed interest in participating in such a collaboration.Says when the authorities circulate the 23rd round nominated blocks for public consultation, other oil companies will get a new opportunity to engage in the project.Says it is expected that several companies will make use of this offer.Says the project will immediately initiate a tender process for the seismic acquisition.Says the plan is for the seismic surveys to start in Apr. 2014 and conclude in the autumn of the same year.  Full Article

Chevron Corp Declares Quarterly Dividend
Wednesday, 30 Oct 2013 04:30pm EDT 

Chevron Corp announced that it has declared a quarterly dividend of $1.00 per share, payable December 10, 2013, to holders of common stock as shown on the transfer records of the Corporation at the close of business on November 18, 2013.  Full Article

Chevron Corp's Australian subsidiary Acquires New Acreage Offshore Australia
Wednesday, 23 Oct 2013 12:13am EDT 

Chevron Corp announced that its Australian subsidiary has acquired exploration interests in two offshore blocks located in the Bight Basin, a deepwater frontier basin. Blocks S12-2 and S12-3, which span more than 8 million acres (32,375 square kilometers), are located approximately 275 miles (443 kilometers) west of Port Lincoln off the South Australia coast. Chevron Australia is the operator with a 100 percent interest.  Full Article

Chevron Corp's Chevron Romania Exploration & Production Hikes Capital-Mediafax News Brief Service
Wednesday, 16 Oct 2013 08:00pm EDT 

Mediafax News Brief Service reported that Chevron Corp’s Chevron Romania Exploration & Production has increased its share capital by RON 112 million (EUR 25.1 million) to RON 395.6 million, via cash contribution from its sole associate Chevron Romania Holdings based in the Netherlands. Chevron Romania Exploration & Production has permits to explore for shale gas on the Black Sea coast and in Romania's northeastern region of Moldavia.  Full Article

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Argentina forced by ailing economy to change populist policies

BUENOS AIRES - Argentine President Cristina Fernandez is reversing some of the populist policies that defined her first six years in power and will have little choice but to stick to the new, more pragmatic path over the remaining 20 months of her final term.

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