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US appeals court orders Ecuador to pay $96 mn to Chevron

Last Updated: Wednesday, August 5, 2015, 02:16

A US federal appeals court on Tuesday upheld a $96 million award that Ecuador must pay oil giant Chevron in an arbitration of their dispute over Chevron`s investments in the country.

US stocks drop as oil equities tumble

Last Updated: Tuesday, August 4, 2015, 01:59

US stocks dropped Monday with petroleum-linked equities retreating on a big drop in oil prices as Wall Street girds for a busy week of economic reports.

OVL qualified along with Chevron, Exxon for Mexico bid round

Last Updated: Sunday, May 31, 2015, 12:42

ONGC Videsh Ltd is among the 19 companies and seven groups to have pre-qualified to bid for Mexico's maiden offshore oil blocks auction.

Dow, S&P 500 fall; Nasdaq up back near 5,000

Last Updated: Friday, March 20, 2015, 10:53

The Dow and S&P 500 Thursday gave back some of their gains from the prior session, while the Nasdaq edged up closer to 5,000.

Chevron to sell more assets amid drop in oil prices

Last Updated: Wednesday, March 11, 2015, 01:02

US oil giant Chevron Tuesday said it plans $15 billion in asset sales through 2017 as it seeks to maintain a strong dividend for shareholders amid lower oil prices.

Oil tumbles after brief rebound; Brent back below $60

Last Updated: Friday, December 19, 2014, 02:29

Global crude oil prices slumped anew on Thursday, a day after a short-covering rally, as traders placed fresh bets the market would resume a six-month rout on worries about a supply glut.

Chevron and ONGC Videsh join New Zealand oil, gas search

Last Updated: Tuesday, December 9, 2014, 12:19

New Zealand awarded 15 oil and gas exploration licences on Tuesday, with U.S. giant Chevron and India`s ONGC Videsh joining the hunt in the South Pacific country for the first time.

`The Pogues` musical in the making

Last Updated: Saturday, December 28, 2013, 09:13

Philip Chevron had reportedly been working with `The Wire` creator David Simon to write a musical based on the songs of the folk rockers before he died.

OVL eyes Chevron's gas block in Vietnam

Last Updated: Sunday, November 24, 2013, 16:36

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is looking to buy a stake in US supermajor Chevron's USD 4.3 billion Block B gas project in Vietnam.

Mere 90 companies behind major part of man-made climate change

Last Updated: Thursday, November 21, 2013, 19:37

The climate crisis of the 21st century has been caused largely by just 90 companies.

Chevron ordered to pay Ecuador $9.51 bn on appeal

Last Updated: Wednesday, November 13, 2013, 13:27

An Ecuadoran court Tuesday upheld a ruling that US oil giant Chevron was liable for environmental damage in its Amazon basin region by sister company Texaco, but ordered it to pay a reduced USD9.51 billion.

Chevron in US court to block $19bn Ecuador fine

Last Updated: Thursday, October 17, 2013, 09:08

US oil giant Chevron went to court in New York this week to try to escape paying USD 19 billion in damages in Ecuador, accusing an American lawyer acting for indigenous people there of fraud.