Tag: Chevron

Chevron
Monday, June 9th 2014 - 06:10 UTC

US Embassy praises Argentina: says 'investment climate has started to change'

“People from the private sector tell me that they are receiving more and more phone calls”, said Kevin Sullivan

The United States Chargé d'Affaires at the Embassy In Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.

Friday, May 23rd 2014 - 23:50 UTC

Argentina with 'Vaca Muerta' won the 'geological lottery': 305 meters-thick shale oil and gas

Chevron Kent Robertson has only words of praise for the development prospects of Vaca Muerta

Argentina has won the “geological lottery” with its 305 meters-thick Vaca Muerta shale oil and gas field in Patagonia, a spokesman for Chevron said on Thursday, as the U.S. energy giant increases its investments in the country. The company and state-owned oil firm YPF announced plans last month to invest an additional 1.6 billion to develop Vaca Muerta.

Tuesday, November 19th 2013 - 09:08 UTC

US government sides with Repsol in the YPF assets seizure with Argentina

US Secretary of Energy Ernest Moniz was asked about the issue in Madrid

United States sided with Spain's Repsol position in the dispute over the seizure of a majority stake in YPF by the administration of Argentine President Cristina Fernandez last year, a dispute which remains unresolved over compensation for the assets.

Thursday, October 24th 2013 - 07:25 UTC

Former Ecuadorean judge admits taking bribes in pollution case against Chevron

Chevron claims plaintiff lawyers led by Steven Donziger, engaged in a scheme to extort money from the company during a 20-year legal battle

A former Ecuadorean judge who presided over a pollution case against Chevron Corp. (CVX) testified that he and a colleague who issued a 19 billion judgment against the company in the environmental lawsuit were bribed.

Tuesday, October 15th 2013 - 23:09 UTC

Chevron/Ecuadorean villagers case in new chapter before a US Judge

Chevron accuses Harvard-educated lawyer Steven Donziger of using US courts to enforce the Ecuadorean judgment

Chevron Corp will try to convince a US judge that a group of Ecuadorean villagers and their US lawyer used bribery to win a 18 billion dollars judgment against Chevron from a court in Ecuador, in the latest chapter in a long-running fight over pollution in the Amazon jungle.

Tuesday, October 8th 2013 - 18:15 UTC

Brazil limits Chinese state-controlled companies to joint bidding for largest offshore oil prospect

The Libra prospect is estimated to hold between 8 billion and 12 billion barrels of recoverable oil reserves

Brazil is limiting Chinese state-controlled oil companies to joint bids to develop its largest offshore oil discovery, amid concerns the players could share data and reduce competition ahead of the 21 October auction, said Brazilian officials.

Wednesday, October 2nd 2013 - 16:22 UTC

Chevron reaches negotiated settlement in Brazil oil spill case after two year legal battle

Brazilian prosecutors sought 18 billion dollars in damages for a 3.600-barrel leak in 2011

A Brazilian federal judge on Tuesday dismissed a lawsuit against US oil company Chevron Corp after approving a negotiated settlement, a decision that closes a nearly two-year legal battle over an oil spill in November 2011.

Wednesday, September 18th 2013 - 19:43 UTC

Argentina’s YPF main partner, Chevron, blasted by Correa who is expected in Buenos Aires

“This is what Chevron-Texaco did. It’s Chevron’s black hand” said Correa holding up his oil soaked hand in the Amazon jungle

A couple of days before Ecuador’s President Rafael Correa is set to arrive in Argentina he sank his right hand into the bushes of the Ecuadorean Amazon and then showed it to the dozens of journalists summoned for the demonstration: it was covered in oil.

Monday, August 5th 2013 - 02:11 UTC

Argentine economy conditioned by energy imports and subsidized fuels and power

Last month Cristina Fernandez signed a controversial ‘tailor-made’ decree which openly favours US oil company Chevron

If the Argentine government does not manage to stabilize its energy balance, which is one of the main drains of US dollars, the ban on hard currency purchases, the barriers to imports and the growing obstacles to spend money overseas for Argentine travellers will continue and could worsen, according to Buenos Aires analysts.

Wednesday, July 17th 2013 - 07:24 UTC

Argentina’s nationalized YPF and Chevron sign agreement to develop shale deposits

The top executives from Chevron and YPF later in the evening met with President Cristina Fernandez

Chevron, the world’s second-biggest oil company signed the first agreement with Argentina’s government since it nationalized YPF in 2012 to help develop shale oil and natural gas in the Vaca Muerta basin of the Patagonian province of Neuquen.

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