Gas industry
Chevron Corp. has announced that it is entering into exclusive negotiations with a bidding group for the sale of a substantial portfolio of properties. The portfolio includes 18,000 acres of land for residential and commercial development, as well as 1.7 million square feet of income-producing properties, all located
Gas industry
The Clinton administration is moving forward with plans to expand the Toxic Release Inventory (TRI) program, despite objections from the oil and chemical industries. The administration seeks to expedite a rulemaking to require reporting not only of chemicals released as waste, but also of all chemicals used. Industry representatives, including
Gas industry
As the last remnants of apartheid fade into memory, the vibrant nation of South Africa emerges as a beacon of hope and resilience. From October 19, 1995, to February 4, 1996, the Meridian International Center in Washington, D.C., presents Panoramas of Passage: Changing Landscapes of South Africa, a groundbreaking
Gas industry
Leviathan Gas Pipeline Partners, a publicly owned limited partnership, has announced that its subsidiary, Flextrend Development Company, has secured a $32 million credit facility from a syndicate of bank lenders led by Chemical Bank. The funds will be used to finance the development of offshore projects, including the Phar Lap,
Gas industry
Energy companies in the Gulf of Mexico are closely monitoring the path of Hurricane Opal as it approaches the region, with offshore facilities evacuating and oil and gas production being shut in. Refiners along the Gulf Coast are also preparing for potential disruptions, with some already shutting in production and
Gas industry
Hurricane Opal is prompting worried energy companies to reduce natural gas production in the Gulf of Mexico, which could impact supply and prices this winter. Analysts estimate that about 12% of daily natural gas production in the United States has been cut back. This reduction, totaling around 6.2 billion
Gas industry
Vice Chairman J. Dennis Bonney, who has spent 35 years at Chevron Corporation, will retire at the end of the year. Bonney's extensive career has seen him hold various leadership positions, including serving as Vice Chairman since 1987. As a key figure in Chevron's global operations,
Gas industry
Solv-Ex Corporation, an Albuquerque-based company, has released a positive audit report on its oil sands production facility in Alberta, Canada. The report, conducted by The Pace Consultants, projects an operating cost of $5.21 per barrel for the first stage oil extraction plant, with a planned capacity of 14,000
Gas industry
Struthers Industries, a company based in Tulsa, Oklahoma, has announced that World Interactive Network Inc. (WIN-TV) has secured a letter of intent for a firm commitment public offering of up to $30 million from Commonwealth Associates, an investment banking firm in New York. This move comes after Struthers Industries entered
Gas industry
Exxon Corporation has announced the formation of Exxon China Inc., a new company that will oversee the company's business activities in China. Headquartered in Beijing, Exxon China will focus on strengthening relationships with the Chinese government and external organizations, and capitalizing on the synergy between Exxon's
Gas industry
Duff & Phelps Credit Rating Co. (DCR) upgraded seven Chilean companies after upgrading the sovereign rating of the Republic of Chile to "A-" from "BBB+." The upgrades reflect the positive impact of the sovereign upgrade on companies rated at the sovereign ceiling, with local currency ratings
Gas industry
USX-Delhi Group, a unit of USX Corporation, announced that Delhi Gas Pipeline Corporation has completed negotiations with Marathon Oil Company for a 10-year gas gathering, treating, and transportation agreement. The agreement covers a significant area in East Texas, where Marathon plans to move a minimum of 90 billion cubic feet
