Oil – Bloomberg reported that Royal Dutch Shell Plc’s Mutiu Sunmono said Nigeria needs a balanced law for the oil industry which could benefit its government and investors.
Articles Tagged "Chevron Corp"
The Commodity Investor's guide to successful investing in the oil market.
Oil – Although Chevron was fined $28 million and had its drilling rights in Brazil suspended for the recent offshore oil spill at their Frade field, some industry experts suggest the company will be able to avoid a long-term ban.
As support for ethanol wanes, algae-based biofuels are beginning to attract interest from some heavy-hitters in the energy industry.
Oil – Although overshadowed by the Alberta oil sands, offshore drilling on Canada’s east coast holds some interesting prospects.
Gas – Bloomberg reports that Chevron Corp (NYSE:CVX) announces offshore drilling operation close to Western Australia has encountered natural gas deposits.
Gas – China has an enormous gas market to be filled, both in the short term and long term, where natural gas will account for as much as 12 percent of the primary energy needs over the next decade from the current 3.8 percent. Shell's Chief Financial Officer Simon Henry indicated that the company may invest $1 billion each year in China if PetroChina's two wells in Sichuan province prove they have the potential for commercial gas production.