Chevron sees output growth from new projects
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Chevron Corp.  said on Tuesday its new oil and natural gas projects will produce about 1.1 million barrels of oil equivalent per day by 2011, and it will keep exploration spending high in the coming years.
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An energy firm announces a new Â£800m power station and earmarks two potential sites for it.
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ChevronTexaco Corp., the No. 2 U.S.  oil company, on Friday said quarterly profit jumped, driven  largely by a sharp rise in oil and gas prices.
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No. 3 US oil company ConocoPhillips (COP.N: Quote, Profile, Research) on Wednesday forecast higher capital spending in coming years and reaffirmed its production targets, banking on rising output in the Asia-Pacific region.
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The Gulf find could jack up profits for oil rig equipment manufacturers.
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OPEC will increase its oil production target by 1 million barrels a day later this year in a move widely viewed as more symbolic than significant, given
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US oil giant Chevron said its full-year 2006 profit rose 22 percent to a company record 17.1 billion dollars even though fourth-quarter results were squeezed by falling energy prices.
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The oil and gas firm keeps ratcheting up reserves.
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BHP Billiton&#39;s second appraisal well at its Shenzi discovery in the Gulf of Mexico has also struck oil, greatly increasing prospects for commercial development of the deep water field.
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Oil and gas deep under the Gulf of Mexico should boost Gulf production considerably over the next decade, the government says. New deep-water wells poised to start production
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Profit margins should continue to expand at Oil-Dri.
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By John Geluardi, Contra Costa Times, Walnut Creek, Calif.  Jun. 9--The public had its first chance this week to comment on Chevron's plans to install a hydrogen plant for refining poor-quality crude oil.
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U.S. stock futures pointed to a   slightly higher market open on Tuesday with news that a Chevron   Corp. oil discovery in the Gulf of Mexico could be significant.
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Chevron and its partners have successfully extracted oil from a test well in the deep waters of the Gulf of Mexico, an achievement that could be the biggest breakthrough in domestic oil supplies since the opening of the Alaskan pipeline.
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Saudi Arabia plans to expand its oil output capacity by 14 percent over the next few years to avert shortages as demand rises, the nationâs oil minister said Monday.
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World oil inventories are continuing to  rise but stronger-than-expected demand growth means the  stockbuild will be smaller than previously thought, the OPEC  oil cartel said on Friday.
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Chevron Corp. said on Tuesday it  successfully completed what it called "a record setting  production test" on the Jack No. 2 well at Walker Ridge Block  758 in the U.S. Gulf of Mexico.