•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Chevron sells interests in Chad and Cameroon

    Chevron Corp.

    Chevron Corp. (NYSE: CVX) reports that its subsidiary, Chevron Global Energy Inc., has sold its 25% non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for $1.3 billion. The sale closed June 13.

    The transaction includes the sale of the Chevron subsidiary's interests in seven fields in Chad's Doba Basin, which, in 2013, had an average net daily crude oil production of about 18,000 barrels. The sale also includes the Chevron subsidiary's 21% non-operated interest in a pipeline system that transports crude oil to the coast of Cameroon as well as associated marine facilities.

    Most Popular

    Related Articles

    Serica Energy acquires interest in North Sea field

    06/08/2015

    Serica Energy plc has completed a transaction to purchase an 18% interest in the producing North Sea Erskine field from BP.

    Conoco halts shale gas operations in Poland

    06/08/2015

    ConocoPhillips has halted its shale gas exploration in Poland because of unsatisfactory results, Reuters says.

    MarkWest to provide processing services for Chevron and Cimarex in Permian Basin

    06/03/2015 MarkWest Energy Partners LP has completed long-term, fee-based agreements with Chevron and Cimarex Energy to support producer development in the Delaware Basin of West Texas. Under terms of the agr...

    Net income for OGJ150 plummets, down 85% YoY, 92% from 3Q14

    05/06/2015

    This is it, folks - the first big quarterly financial stumble of the current downturn as the petroleum markets plummeted in the fourth quarter of last year along with falling oil prices.

    DW: Industry layoffs contributing to another lost generation?

    05/04/2015 Douglas-Westwood’s May 4 edition of DW Monday comments on how current oil and gas industry layoffs may be leading to another lost generation of workers, reminiscent of the shortage of experienced w...

    Energen elects Hargett and Kleier to board of directors

    05/01/2015

    Energen Corp.’s shareholders have elected William G. Hargett and Alan A. Kleier to the company’s board of directors.

    More Oil & Gas Financial Articles

    Serica Energy acquires interest in North Sea field

    Mon, Jun 8, 2015

    Serica Energy plc has completed a transaction to purchase an 18% interest in the producing North Sea Erskine field from BP.

    Conoco halts shale gas operations in Poland

    Mon, Jun 8, 2015

    ConocoPhillips has halted its shale gas exploration in Poland because of unsatisfactory results, Reuters says.

    MarkWest to provide processing services for Chevron and Cimarex in Permian Basin

    Wed, Jun 3, 2015

    MarkWest Energy Partners LP has completed long-term, fee-based agreements with Chevron and Cimarex Energy to support producer development in the Delaware Basin of West Texas. Under terms of the agreements, MarkWest will install a cryogenic gas processing plant (Hidalgo Complex) in Culberson County, Texas. The new facility is scheduled to begin operations during the second quarter of 2016.

    Net income for OGJ150 plummets, down 85% YoY, 92% from 3Q14

    Wed, May 6, 2015

    This is it, folks - the first big quarterly financial stumble of the current downturn as the petroleum markets plummeted in the fourth quarter of last year along with falling oil prices.

    DW: Industry layoffs contributing to another lost generation?

    Mon, May 4, 2015

    Douglas-Westwood’s May 4 edition of DW Monday comments on how current oil and gas industry layoffs may be leading to another lost generation of workers, reminiscent of the shortage of experienced workers that the industry endured following the oil price downturn of the 1980s.

     

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ