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Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Here’s a round-up of Chevron Corp. (NYSE:CVX) stock briefings from this week. Chevron Corp. (NYSE:CVX) shares ended the week at 93.78 (as of 1/21/2011).

Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Monday 17 January

Chevron Corporation (NYSE:CVX) has requested an extension on its Sumatra drilling rights.
The company said in a statement made yesterday that it has started talks with the government of Indonesia on the extension of drilling rights on a Southern Sumatra block where the license will be expired in 2013.

Gareth Johnstone, a Chevron Corporation (NYSE:CVX) spokesman based in Singapore, said, “The Siak Block is a crucial part of Chevron’s Sumatra integrated operations, including supporting production from the Rokan Block.”

Thursday 20 January

Chevron Corporation (NYSE:CVX)’s permit request for additional ship berths has been approved.
It was reported that the permit request of Chevron Corporation (NYSE:CVX) has been approved by the Mississippi Commission on Marine Resources.

Steve Renfroe, A Chevron Corporation (NYSE:CVX) refinery spokesman said that, “We are still working toward the final investment decisions from Chevron Corporation before we can move forward.”

According to the spokesman, the approval is considered as the final permit on the project.

We will be monitoring the Chevron Corp. stock level for changes over the next few weeks.

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Chevron Corporation (NYSE:CVX) Permit Petition

Chevron Corporation (NYSE:CVX) has requested an extension on its Sumatra drilling rights.

Chevron Corp. (NYSE:CVX) shares are currently standing at 92.83.

Chevron Corporation (NYSE:CVX) Permit Petition

The company said in a statement made yesterday that it has started talks with the government of Indonesia on the extension of drilling rights on a Southern Sumatra block where the license will be expired in 2013.

Gareth Johnstone, a Chevron Corporation (NYSE:CVX) spokesman based in Singapore, said, “The Siak Block is a crucial part of Chevron’s Sumatra integrated operations, including supporting production from the Rokan Block.”

If you’re looking to make a move on the Chevron Corp. (NYSE:CVX) stocks, make sure you make the trade at the right price. Timing the market or technical analysis can be a fruitless exercise, but do consider the price history:

Price History
Last Price: 92.83
52 Week Low / High: 66.83 / 92.88
50 Day Moving Average: 87.03
6 Month Price Change %: 26.2%
12 Month Price Change %: 15.5%

We’ll be keeping a close eye on the Chevron Corp. (NYSE:CVX) stock level for developments over the next couple of weeks.

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Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Here’s a run-down of Chevron Corp. (NYSE:CVX) news briefs from last week. Chevron Corp. (NYSE:CVX) shares ended the week at 91.19 (as of 1/7/2011).

Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Monday 3 January

Chevron Corporation (NYSE:CVX) has approved the development of its $4 billion Big Foot project.
The company has announced that it has sanctioned the development of its $4 billion Big Foot project in the deepwater U.S. Gulf of Mexico.

The development will utilize a dry tree Extended Tension Leg Platform with an on-board drilling rig and have production capacity of 75,000 barrels of oil and 25 million cubic feet of natural gas per day.

George Kirkland, vice chairman, Chevron Corporation (NYSE:CVX) said, “Sanctioning Big Foot underscores our commitment to the Gulf of Mexico and will contribute to future U.S. energy supply. This project is another example of Chevron Corporation’s (NYSE:CVX) disciplined approach to advancing our enviable queue of major capital projects.”

Wednesday 5 January

Chevron Corporation (NYSE:CVX) has planned to invest in geothermal power generation in Philippines.
Reports say that representatives of Chevron Corporation (NYSE:CVX) has visited the Kalinga province of the Philippines to look into the viability of investing on power generation, particularly on geothermal energy.

Partnering with Aragorn Power and Energy Corporation (APEC) and the Guidance Management Corporation (GMC), Chevron Corporation (NYSE:CVX) is looking into the possibility of producing geothermal power in the region.

Josef Gueta, a consultant of Chevron Corporation (NYSE:CVX) said, “We have established partnership with APEC and GMC and are now validating at site the findings of past explorers and their partners. We also want to make further study on the prospects of geothermal power generation including logistics and management dealings with the locals.”

We will be monitoring the Chevron Corp. stock level for developments over the next few weeks.

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Chevron Corporation (NYSE:CVX) Gulf Pipeline

Chevron Corporation (NYSE:CVX) has said its pipeline In The Gulf of Mexico could be functional by 2014.

Chevron Corp. (NYSE:CVX) stocks stood at 88.01 at the end of trading on 12/15/2010.

Chevron Corporation (NYSE:CVX) Gulf Pipeline

Amberjack Pipeline Company LLC, a joint venture of Chevron Corporation (NYSE:CVX)’s subsidiary Chevron Pipe Line Company and Shell Pipeline Company LP will install 36 miles of pipeline at a thickness of 24 inches, from the Jack and St. Malo oil fields in the deepwater Gulf of Mexico to a Green Canyon Block 19 (GC19) platform, owned and controlled by Shell.

After the end of pipelines installation, Chevron (NYSE:CVX) can use it for the Jack/St. Malo hub production plant, which is assigned to start functioning in 2014 with a starting capacity of 170,000 barrels of oil a day.

If you’re contemplating investing in Chevron Corp. (NYSE:CVX) stocks, make sure you make the trade at the right price. Finding a gap in the market or technical analysis might often a hard task, but do consider the price history:

Price History
Last Price: 88.01
52 Week Low / High: 66.83 / 88.95
50 Day Moving Average: 84.14
6 Month Price Change %: 17.5%
12 Month Price Change %: 14.4%

We’ll be keeping a close eye on the Chevron Corp. (NYSE:CVX) stock price for changes over the next couple of weeks.

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Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Here’s a run-down of Chevron Corp. (NYSE:CVX) news briefs from last week. Chevron Corp. (NYSE:CVX) shares ended the week at 83.94 (as of 11/18/2010).

Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Monday 15 November

Atlas Energy is to be bought by Chevron Corporation (NYSE:CVX) for more than $3 billion.

The acquisition will grant Chevron Corporation (NYSE:CVX) a dazzling natural gas resource location mainly situated in southwestern Pennsylvania’s Marcellus Shale. The purchase is subject to certain Atlas Energy restructuring transactions, regulatory approval and sanction by Atlas Energy shareholders.

George L. Kirkland, Chevron Vice Chairman, said that “This acquisition is the right opportunity for Chevron. We are acquiring a company that has one of the premier acreage positions in the prolific Marcellus.”

Wednesday 17 November

Chevron Energy Solutions (NYSE:CVX) has received the highest level of recognition from OSHA’s Voluntary Protection Program.

Company’s operation of the Central Utility Plant at Fort Detrick has obtained a Star Status from the Occupational Safety and Health Administration’s (OSHA) Voluntary Protection Program.

Jim Davis, president of Chevron Corporation (NYSE:CVX) Energy Solutions, said, “Safety is a top priority for Chevron Energy Solutions and is an important part of our company’s culture. We appreciate this recognition from OSHA and our continued collaboration at Fort Detrick.”

Friday 19 November

Chevron Corporation (NYSE:CVX) has agreed to sell a portion of its service stations to Rubis.

Under the conditions of the agreement, Chevron Corporation (NYSE:CVX) will sell a network of 174 service stations operating under the Texaco brand, an equity interest in an associated refinery operation, proprietary and joint-venture terminals and aviation facilities, and Chevron (NYSE:CVX)’s commercial and industrial fuels business to RUBIS, an international petroleum company based in France.

Mike Wirth, executive vice president, Downstream & Chemicals, Chevron, said “This sale is in line with our ongoing effort to concentrate downstream resources and capital on strategic global assets.”

We will continue checking the Chevron Corp. (NYSE:CVX) share price for developments over the next couple of weeks.

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Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Here’s this week’s round-up of Chevron Corporation (NYSE:CVX) news briefings. Chevron Corporation (NYSE:CVX) stocks ended the week at 78 (as of 9/3/2010).

Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Monday 30 August

Chevron Corporation (NYSE:CVX) has won some major new exploration contracts, off the coast of Liberia. According to government statements, the three year program is expected to start by the fourth quarter of this year.

“We are delighted to welcome Chevron as a partner for Liberia to explore our oil and gas assets,” Ellen Johnson-Sirleaf, the Liberian leader said in the statement.

“Along with its investment, Chevron will bring the latest technologies, best practices in transparency and efficiencies, and an excellent record of community and social responsibility,” he added.

Tuesday 31 August

Chevron Corporation, according to an Associated Press report today, spent $3.9 million through a subsidiary in the second quarter to lobby the federal government.

Lobbying was reportedly on issues affecting the company’s operations, such as climate change, oil industry taxes, according to a company report filed with the SEC. This amount is just above the $3.1 million the company spent in the first quarter.

Thursday 2 September

Chevron plugged its Lona 0-55 exploration well located in the Orphan Basin off the coast of Newfoundland last Thursday.

Drilling took nearly four months, but there is still no word from Chevron Corporation (NYSE:CVX) whether the venture has struck oil or not.

To complicate things for news-hungry investors, the company is allowed to keep the drilling results confidential for up to two years.

We will continue checking the Chevron Corporation (NYSE:CVX) stock level for developments over the next few weeks.

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Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Here’s a roundup of Chevron Corporation (NYSE:CVX) news stories from this week. Chevron Corporation (NYSE:CVX) company shares ended the week at 73.52 (as of 7/23/2010).

Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Tuesday

Chevron Corporation (NYSE:CVX) vice chairman George Kirkland said the company was delighted with the discovery, in the Carnarvon Basin offshore Western Australia.

He said “The Sappho-1 discovery is another example of the success of Chevron’s significant exploration investment in northwest Australia and will support our long-term plans to build a leading natural gas business to supply energy to Australia and the Asia-Pacific region.”

Thursday

The agreement between Chevron Corporation (NYSE:CVX) and The Korea Gas Corporation (KOGAS) will stretch for 20 years, and will mean the supply of liquefied natural gas from the the Wheatstone gas project, situated in Western Australia.

The Korean company is the biggest ppurchaser of liquefied natural gas in the world.

Friday

June 12 saw a pipeline leak which caused a 33,000 gallon oil spill in and around Salt Lake City, and the country of Salt Lake has now tabled an invoice to Chevron Corporation (NYSE:CVX) for more than $53,000.

Salt Lake City has already invoiced the company for $125,000 for services in the first 48 hours after the spill. Chevron Corporation (NYSE:CVX) will be keen to handle the fallout from this small-scale spill quickly and efficiently, and has already pledged a $10,000 donation to Utah’s Hogle Zoo, which helped clean birds which were affected by oil.

We’ll be keeping a close eye on the Chevron Corporation (NYSE:CVX) share price for changes over the next few weeks.

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