Chevron Could Avoid Huge Royalties From Oil Find in the Gulf
606880
A group of companies led by Chevron could avoid more than $1 billion in royalty payments to the federal government.
535288
Chevron Corp.  said on Tuesday its developing oil and natural gas projects could produce about 1.1 million barrels of oil equivalent per day by 2011, but surging costs may threaten some of the ventures.
314865
The reported find by Chevron, Devon Energy and Statoil ASA could be the largest American oil find in a generation.
405492
World crude prices have risen amid fears that supplies from the oil-rich Gulf of Mexico could be disrupted by Hurricane Ivan. Energy companies have evacuated thousands of offshore workers and shut down some production in the region.
399289
WASHINGTON, Oct. 30 (Bloomberg News) â Companies that lease tracts in the Gulf of Mexico in an oil and natural gas sale planned for March will pay higher federal royalties, the Minerals Management Service said Tuesday.
454751
Qualcomm Inc. QCOM.O may change the  way it recognizes royalties from its licensees, which would  reduce fourth-quarter pre-tax income by $298 million, the  company said on Friday.
647137
Five oil and gas companies, including Shell, ConocoPhillips and BP, which have avoided paying the government royalties from production in the Gulf of Mexico because of flawed drilling leases, have agreed to pay those fees on future production, the government said yesterday.
500071
LOUISVILLE, Ky. A pending tax ruling threatens to unravel a three (B) billion dollar consolidation deal involving Houston-based Marathon Oil.
55725
Statoil, NorwayÂs largest oil company, will pay $700 million for stakes in two oil and gas finds and one exploration prospect in deep waters of the Gulf of Mexico to offset an expected drop in domestic output. The company will buy 17.5 percent of the Caesar discovery and 12.5 percent each of the Big Foot find and the Big Foot North prospect from the Plains Exploration and Production Company of Houston, Statoil said. The discoveries are expected to increase production ÂsignificantlyÂ after 2010, Statoil said. It did not estimate the size of the reserves in the stakes.
69226
Mexico's state-owned oil monopoly will be fined as much as &#36;200,000 and could face criminal charges for spilling 5,000 barrels of crude into a river leading to the Gulf of Mexico, coating local beaches, a federal official said Thursday.
146571
When it comes to taking oil and natural gas from government land and waters, the oil companies are getting a good deal, says a congressional report.
77814
WASHINGTON -- Tests of a deep-water well in the Gulf of Mexico could indicate a significant oil discovery, three companies announced Tuesday, in the first project to tap into a region that reportedly could boost U.S. oil and gas reserves by as much as 50 percent.
256182
A huge underwater oil field discovered late last year has the potential to transform Brazil into a sizable exporter and win it a seat at the table of the worldâs oil cartel.
100147
Record oil prices helped Chevron offset losses at its refining unit and a slight fall in energy production last year.
34738
If Chevron succeeds, such an acquisition could help close the final chapter on the downfall of Russiaâs largest oil company.
600191
OAO Yukos Oil Co., battling to avert bankruptcy, said the Russian government may be considering ways to settle a $7.5 billion tax bill without taking over the company&#39;s biggest oil-producing unit.
509565
ChevronTexaco, America's second-biggest oil company,  is to appeal a court ruling ordering it to pay damages from a pipeline leak, reports say.