Most natural gas processing plants will have to start reporting on toxic chemicals they release under regulations the Environmental Protection Agency plans to enact. The rulemaking process, which is expected to take up to two years to complete, will affect … Continue reading
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PG&E Corporation (NYSE: PCG), the parent company of Pacific Gas & Electric Co., reported net income of $307 million or $0.63 per common share for the third fiscal quarter of 2015, on revenues of $4.55 billion. This compares to income … Continue reading
Chevron Corporation (NYSE: CVX) reported earnings of $2.0 billion, or $1.09 per share, for the third quarter of 2015, compared with $5.6 billion, or $2.95 per share, in the 2014 third quarter. Sales and other operating revenues in Q3 2015 … Continue reading
Chevron Corporation (NYSE:CVX) announced the successful appraisal of its Anchor discovery in the Lower Tertiary Wilcox Trend in the Gulf of Mexico. “The positive results of our appraisal work at Anchor indicate a significant discovery of potentially hub class scale,” … Continue reading
Forecasts for strong El Niño conditions this winter, triggered by unusually warm seas, are causing Californians to brace for drenching rainstorms, mudslides and other havoc. A less anticipated El Niño effect may be a sharp increase in the demand for … Continue reading
California Resources Corp., formed as a spinoff from Occidental Petroleum, is in talks to sell some of its oil and gas fields, pipelines and other holdings to pay down a portion of its $6.2 billion in debt. CRC’s Chief Executive … Continue reading