Chevron Corporation announced that its wholly owned subsidiary, PT. Chevron Pacific Indonesia, has started producing crude oil from the North Duri Field Area 12 in Indonesia, where Chevron produces nearly half the nation’s crude oil.
First oil was achieved on Nov. 14, 2008, and production is projected to increase to 34,000 barrels of crude oil per [...]
Chevron Corporation announced that its subsidiary Chevron Africa Holdings Limited has agreed to sell 100 percent of its shareholdings in Chevron Kenya Limited and Chevron Uganda Limited to Total Outre Mer S.A (Total). Under the terms of the sales, Total is to acquire Chevron’s marketing businesses in both countries. Chevron Kenya Limited and Chevron Uganda [...]
Chevron Corporation announced that its subsidiary Chevron Africa Holdings Limited has agreed to sell Chevron Nigeria Holdings Limited to Corlay Global S.A, a Panamanian company owned by an African-based consortium composed of MRS Holdings Limited and Petroci Holdings. Chevron Nigeria Holdings Ltd. is a Bermudan company that holds 60 percent of the issued shares of [...]
Jaguar Financial Corporation announced that it has entered into a non-binding letter of intent with Glencore International AG and Constellation Copper Corporation for the purpose of carrying out a proposed restructuring of Constellation as disclosed by Constellation in its press release dated September 3, 2008.
Under the Proposed Restructuring, Glencore and Jaguar will invest $10,000,000 [...]
Chevron Corporation, the government of Indonesia, the local government of Aceh province, the National Education Department, the Rehabilitation and Reconstruction Agency for Aceh and Nias, and the United States Agency for International Development (USAID) today announced the completion of a $16 million partnership to construct a polytechnic institute in Aceh province, Indonesia.
Chevron committed $6 million [...]
Chevron Corporation announced that it has submitted an environmental permit application to the Mississippi Department of Environmental Quality for the construction of a premium base oil facility at the company’s Pascagoula refinery. The facility is expected to produce approximately 25,000 barrels per day of premium base oil for use in manufacturing high-performance lubricants, such as [...]
Chevron Canada Limited, a wholly owned subsidiary of Chevron Corporation, today announced on behalf of itself and its co-venturers the completion of legal agreements with the Government of Newfoundland and Labrador to develop the Hebron heavy oil project offshore the East Coast of Canada.
The Hebron field is located 340 km offshore the province of Newfoundland [...]
Louis Dreyfus Highbridge Energy LLC (LDH Energy), announced today that one of its operating subsidiaries, LDH Energy Cyrus River Terminal LLC, has purchased the Big Sandy River Dock – a coal facility in Kenova, West Virginia - from Kanawha River Terminals LLC.
“This facility will provide LDH Energy with a merchant platform to connect coal consumers [...]
Jaguar Financial Corporation announced it has entered into a letter of intent with Glencore International AG and certain holders of convertible debentures of Constellation Copper Corporation for the purpose of carrying out a proposed restructuring of Constellation. The parties to the LOI are Jaguar, Glencore and certain holders of Debentures owning [...]
Northwest Pipe Company reported record sales, earnings and backlog for the second quarter of 2008. Sales in the second quarter ended June 30, 2008 were $112.1 million compared to $101.9 million in the same quarter of 2007. Net income in the quarter was $8.4 million, compared to $5.7 million in the second quarter of 2007. [...]
