Chevron’s slow and steady strategy in the Permian Basin appears to be paying off
Chevron Corp. plans to significantly ramp up production in the oil field at the heart of the American fracking boom, the latest sign that the next era of shale drilling is likely to be led by the major oil companies.
In the next five years, Chevron expects to more than double its production in the Permian Basin in Texas and New Mexico to 900,000 barrels of oil and gas a day, the company announced at an investor event Tuesday. That’s a nearly 40% increase from its previous forecast.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Exxon Mobil finds Cyprus's largest gas discovery to dateExxon Mobil Corp has discovered natural gas off the coast of Cyprus, a find auth...
Baca lebih lajut »
Exclusive: Exxon adds veteran traders to bulk up oil trading - sourcesExxon Mobil Corp has hired veteran crude traders Mitch Rubinstein and Michael Pa...
Baca lebih lajut »
Big US chains called out for selling tobacco to kidsUS health authorities on Monday announced new steps to pressure 15 leading retail chains that regularly sell tobacco products to underage consumers. The US Food and Drug Administration released a list of problem actors among US retailers that includes major gasoline chains such as Exxon and BP, big
Baca lebih lajut »
Exxon Mobil finds Cyprus's largest gas discovery to dateExxon Mobil Corp has discovered natural gas off the coast of Cyprus, a find auth...
Baca lebih lajut »
Chevron Is Donating $5 Million To Help Men Champion Gender DiversityThe energy giant hopes to engage more male leaders as champions for gender diverse and inclusive workplaces.
Baca lebih lajut »
Exclusive: Exxon adds veteran traders to bulk up oil trading - sourcesExxon Mobil Corp has hired veteran crude traders Mitch Rubinstein and Michael Pa...
Baca lebih lajut »
Trump symbolically tightens embargo on CubaHAVANA (AP) — The Trump administration announced Monday that it is symbolically tightening the six-decade trade embargo on Cuba by allowing lawsuits against Cuban companies using properties confiscated after its 1959 revolution.
Baca lebih lajut »
Reynolds tobacco debuts e-cigarette commercial, tightens online vape sales to combat teen useReynolds is also tightening online sales as the FDA weighs e-cigarette regulations.
Baca lebih lajut »