Chevron Corporation (NYSE:CVX) has decided to start investing in US solar energy projects this year.

Chevron Corporation (NYSE:CVX) Set For US Solar Investment

Reports say that the energy giant Chevron Corporation (NYSE:CVX) is planning to begin tax equity investments in US solar energy projects this year.

Ram Ambatipudi, director of large scale renewables at Chevron Energy Solutions, a unit of Chevron Corporation (NYSE:CVX) said, “Chevron Corporation (NYSE:CVX) is going to be a new entrant into the tax equity market in 2012 and we are looking for smaller deals in the 3-20MW range.”

Chevron Corp. (NYSE:CVX) stocks were at 103.12 at the end of the last day’s trading. There’s been a -1.6% change in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.56
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.53
Zack’s Rank: 3 out of 19 in the industry

Chevron Corporation (NYSE:CVX) has decided to seal its burning well offshore Nigeria.

Chevron Corporation (NYSE:CVX) Sealing Nigeria Well

According to an announcement made by Chevron Corporation (NYSE:CVX), it is finalizing plans to commence drilling a relief well to seal a natural-gas exploration well that is still burning offshore Nigeria after a rig caught fire and collapsed last week.

Chevron Corporation (NYSE:CVX) said in a statement, “Based on the condition of the well, the safest way to control it is to drill a relief well that will kill the well at depth.”

Chevron Corp. (NYSE:CVX) company shares are currently standing at 106.72.

Price History
Last Price: 106.72
52 Week Low / High: 86.68 / 110.99
50 Day Moving Average: 103.78
6 Month Price Change %: -1.0%
12 Month Price Change %: 14.1%

Engen Petroleum has acquired Chevron Corporation (NYSE:CVX) assets in seven sub-Sahara African countries.

Chevron Corporation (NYSE:CVX) Sells Assets In Seven Countries

According to an announcement made by Africa-based company Engen Petroleum, it has acquired the assets of Chevron Corporation (NYSE:CVX) in seven countries in sub-Sahara Africa.

Henry Akwaboah, Managing Director of Engen Ghana said, “We have completed the acquisition process from Chevron Corporation (NYSE:CVX), now the sky is the limit as we seek to become the champion in Africa. The company would continue to operate in its core functions – refining of crude oil, the marketing of primary refined petroleum products and the provision of convenience services through its extensive retail network.”

Chevron Corp. (NYSE:CVX) shares are currently standing at 106.89.

Price History
Last Price: 106.89
52 Week Low / High: 86.68 / 110.99
50 Day Moving Average: 103.82
6 Month Price Change %: -1.9%
12 Month Price Change %: 15.3%

Chevron Corporation (NYSE:CVX) has awarded a real time technology contract to ISS Group.

Chevron Corporation (NYSE:CVX) Gives Out Tech Contract

Under this new deal worth $2.4 million, ISS Group will supply its BabelFish product suite and services for real-time technology for Chevron Corporation (NYSE:CVX)’s Gorgon Project in Australia.

The initial contract is for the next 12 months, comprising licenses, services, maintenance and support.

Chevron Corporation (NYSE:CVX)’s $43 Billion Gorgon Project is one of the world’s largest natural gas projects in the history of Australia.

Chevron Corp. (NYSE:CVX) shares were at 106.83 at the end of the last day’s trading. There’s been a 3.7% change in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.56
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.4
Zack’s Rank: 1 out of 19 in the industry

The Bulgarian Government has cancelled a shale gas drilling permit granted to Chevron Corporation (NYSE:CVX).

Chevron Corporation (NYSE:CVX) Hit With Drilling Cancellation

Due to environmental concerns, the Bulgarian government has cancelled an exploration permit for the unconventional energy source that it granted to the U.S. based energy major Chevron Corporation (NYSE:CVX) in June last year.

However, the Bulgarian government said that Chevron Corporation (NYSE:CVX) can still prospect for oil and gas in north-eastern Bulgaria, but only by using conventional drilling techniques and not hydraulic fracturing.

Chevron Corp. (NYSE:CVX) shares were at 106.72 at the end of the last day’s trading. There’s been a 5.6% change in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.56
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.4
Zack’s Rank: 1 out of 19 in the industry

Chevron Corporation (NYSE:CVX) has ordered three new shallow-water drilling rigs from Transocean to use in Thailand.

Chevron Corporation (NYSE:CVX) Makes Rig Order

Under this new deal, the US based oil giant Chevron Corporation (NYSE:CVX) will pay $135,000 to $145,000 a day to lease the rigs that will be used in Thailand exploration projects starting in 2013.

The rigs will be designed to operate in waters as deep as 350 feet (107 meters) and drill wells 35,000 feet beneath the surface of the sea.

The types of rigs Chevron Corporation (NYSE:CVX) ordered are known as jackups because they have retractable legs that extend to the sea floor.

Chevron Corp. (NYSE:CVX) stocks were at 106.09 at the end of the last day’s trading. There’s been a 5.6% movement in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.56
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.4
Zack’s Rank: 2 out of 19 in the industry

Chevron Corporation (NYSE:CVX) has entered into a new deal to jointly drill oil exploration wells in Canada.

Chevron Corporation (NYSE:CVX) To Drill In Canada

Partnering with Statoil and Repsol, the US based Chevron Corporation (NYSE:CVX) will explore for oil and natural gas in exploration wells off Canada’s Arctic and Atlantic coasts.

Chevron Corporation (NYSE:CVX) will be controlling 65% of the project.

Beside this, the companies will also cooperate on drilling wells in the Flemish Pass Basin, while Chevron Corporation (NYSE:CVX) and Statoil will cooperate in the Beaufort Sea.

Chevron Corp. (NYSE:CVX) shares are currently standing at 104.13.

Price History
Last Price: 104.13
52 Week Low / High: 86.68 / 110.99
50 Day Moving Average: 103.69
6 Month Price Change %: 0.3%
12 Month Price Change %: 13.5%

Chevron Corporation (NYSE:CVX) has donated drugs and consumables to the Ekpan General Hospital in Nigeria.

Chevron Corporation (NYSE:CVX) Stocks Hospital With Drugs

The US based oil giant Chevron Corporation (NYSE:CVX) has donated drugs and consumables worth millions of naira to the Ekpan General Hospital, in Uwvie council area of Delta state in Nigeria.

Femi Odumabo, General Manager, Policy, Government and Public Affairs of Chevron Corporation (NYSE:CVX) in Nigeria said, “The provision of medical drugs and consumables to the hospital is part of Chevron Corporation (NYSE:CVX)’s larger efforts to support the state to improve health care delivery to the good people of Delta state. We view health care as a crucial social investment as there can be no meaningful development in a society where the people are plagued by ill-health.”

Chevron Corp. (NYSE:CVX) shares are currently standing at 109.1.

Price History
Last Price: 109.1
52 Week Low / High: 86.68 / 110.99
50 Day Moving Average: 103.59
6 Month Price Change %: 2.4%
12 Month Price Change %: 19.3%