Chevron signed a production sharing contract in its 2.6 million acre A5 block offshore Myanmar Chevron Corp. (ticker: CVX) has signed a production sharing contract (PSC) with Myanma Oil & Gas Enterprise (MOGE) to explore oil and gas in the Rakhine Basin. CVX subsidiary Unocal Myanmar Offshore Co. Ltd. was granted exploration rights to the block, Block A5, in March
The oil major withdrew an application for its Pierre River Mine, may reapply ‘when the time is right’ Royal Dutch Shell (ticker: RDSA) withdrew its regulatory application today for the proposed Pierre River Mine north of Fort McMurray, Alberta. The company said it made this decision in order to focus its attention on its existing oil sands operations. The project
Plant will make Iraq largest petrochemical producer in the Middle East Royal Dutch Shell (ticker: RDSA) signed a deal with Iraq on Wednesday for $11 billion to build a petrochemical plant in the southern oil hub of Basra. Shell has so far declined to comment on the size or types of output expected from the facility, but the facility is
Chevron (ticker: CVX) has terminated its contract with Ukraine to extract shale gas in the western part of the country. The world’s third largest oil company by market cap spent more than a year to get the government to simplify taxation for development, reports local media. “We have just terminated that PSA (production sharing agreement),” said Peter Clark, Chevron’s country
Bombay High Court’s decision could make India more attractive to foreign companies Royal Dutch Shell (ticker: RDS) has won its court case in India over a $2.5 billion lawsuit. The Indian tax authority tried to collect transfer pricing taxes on $160 million of equity infusions made by Shell into its India subsidiary in 2008 and 2009, reported Petro Global News.
In August, James Baker of Simmons & Company said Royal Dutch Shell’s (ticker: RDS.B) public offering of its midstream segment would be a “sea change event.” It did not disappoint. Bloomberg reports it was the best trading debut by an energy company in 2014. Shell Midstream Partners, L.P., trading on the New York Stock Exchange under the ticker SHLX, debuted
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