Chevron Corp. (NYSE: CVX) has reached a settlement agreement with the principal funder of a lawsuit against Chevron in Ecuador that a US court has said is fraudulent. Chevron, based in San Ramon, had brought claims against James Russell DeLeon … Continue reading
Editor
Attorneys for several environmental groups have sued to block delivery of crude oil to a Bakersfield terminal in 100-car “unit trains,” claiming the deliveries would harm air quality and pose a danger to the public. The lawsuit was filed against … Continue reading
California Resources Corp., which was recently spun off from Occidental Petroleum Corp., has put its plans for a major well drilling project in Carson on hold because of low oil prices. The company, which had been planning to drill up … Continue reading
The California Department of Conservation (DOC) released a Draft Environmental Impact Report on Jan. 14 regarding the use of oil and gas well stimulation treatments in California. This began a 62-day public comment period, which will include six meetings around … Continue reading
Scientists from the California Council on Science and Technology (CCST) and Berkeley’s Lawrence National Laboratory released the first volume of an independent scientific assessment of well stimulation in California, including hydraulic fracturing. Among its findings: fracked wells in California tend … Continue reading
Chevron Corporation (NYSE: CVX) announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is the second discovery in the deepwater Gulf for San Ramon-based Chevron in less than a year. “The Anchor … Continue reading