CHEVRON SELLS AFRICA
Chevron Corp. reported that its subsidiary Chevron Global Energy Inc. has sold its 25% nonoperated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for $1.3 billion. The sale closed June 13.
"These assets have played a significant role for Chevron in Africa for the past 14 years," said Ali Moshiri, president of Chevron Africa & Latin America Exploration & Production Co. "They have been a profitable part of our portfolio for many years. The combination of current market conditions and the size of the assets relative to our portfolio make this an ideal time for a divestiture."
The transaction includes the sale of the Chevron subsidiary's interests in seven fields in Chad's Doba basin, which in 2013 had an average net crude oil production of 18,000 b/d. The sale also includes the Chevron subsidiary's 21% nonoperated interest in a pipeline system that transports crude to the coast of Cameroon as well as associated marine facilities.
|March, 18, 11:45:00|
|March, 18, 11:40:00|
|March, 18, 11:35:00|
|March, 18, 11:30:00|
|March, 18, 11:25:00|
|March, 18, 11:20:00|
PENNENERGY - Siemens Gamesa Renewable Energy has secured orders for the supply of 39 onshore wind turbines in France, with aggregate capacity of 104 MW, at five wind farms being developed in the regions of Hauts de France, Grand Est, Burgundy and in Western France.
FRB - Industrial production rose 1.1 percent in February following a decline of 0.3 percent in January. Manufacturing production increased 1.2 percent in February, its largest gain since October. Mining output jumped 4.3 percent, mostly reflecting strong gains in oil and gas extraction.
PLATTS - NYMEX Apr natural gas little changed at $2.678/MMBtu
BAKER HUGHES A GE - U.S. Rig Count is up 6 rigs from last week to 990, with oil rigs up 4 to 800, gas rigs up 1 to 189, and miscellaneous rigs up 1 to 1. Canada Rig Count is down 54 rigs from last week to 219, with oil rigs down 52 to 144 and gas rigs down 2 to 75.