Joshua's Feed
Mar 12, 2012

Analysis: Chevron’s Amazon-sized gamble on Latin America

RIO DE JANEIRO (Reuters) – George Buck, a slim, towering American who runs Chevron’s (CVX.N: Quote, Profile, Research, Stock Buzz) operations in Brazil, is often flanked by lawyers these days.

Since November, when the No. 2 U.S. oil company spilled at least 2,400 barrels of oil offshore Brazil, the local attorneys have helped Buck navigate the legal system, sometimes doubling as Portuguese translators and cultural consultants.

Feb 21, 2012

Oil rises to 9-month high on Greece rescue, Iran cuts

NEW YORK (Reuters) – Oil rose to a nine-month high on Tuesday after Greece received a financial bailout and top Asian consumers moved to cut crude purchases from Iran, following Western sanctions designed to limit the country’s nuclear program.

Euro zone financial ministers agreed to a 130-billion-euro ($172 billion) rescue for Greece to avert a chaotic default, firming the euro and making dollar-denominated commodities cheaper for foreign buyers.

Jan 27, 2012

Exclusive: Chevron to face charges over Brazil spill

CAMPOS, Brazil (Reuters) – A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment for a November offshore oil spill.

The filing in federal court in Campos, Brazil, will likely include a request for criminal indictment of George Buck, chief executive of Chevron’s Brazil unit, as well as other staff, three Brazilian government officials involved in the case told Reuters.

Jan 26, 2012

Chevron to face criminal charges over Brazil spill

CAMPOS, Brazil (Reuters) – A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment for a November offshore oil spill.

The filing in federal court in Campos, Brazil, will likely include a request for criminal indictment of George Buck, chief executive of Chevron’s Brazil unit, as well as other staff, three Brazilian government officials involved in the case told Reuters.

Jan 26, 2012

Exclusive: Chevron to face criminal charges over Brazil spill

CAMPOS, Brazil (Reuters) – A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment for a November offshore oil spill.

The filing in federal court in Campos, Brazil, will likely include a request for criminal indictment of George Buck, chief executive of Chevron’s Brazil unit, as well as other staff, three Brazilian government officials involved in the case told Reuters.

Jan 10, 2012

Oil markets brace for turbulence of index shift

NEW YORK (Reuters) – Amid the drama of Iran, the meltdown of refiner Petroplus and a wave of upbeat economic data, it was all too easy to overlook one of the most important short-term factors shaping oil markets this week: the reweighting of the world’s biggest commodity indexes.

The S&P GSCI Index .SPGSCI and the DJ-UBS Index .DJUBS, the world’s no. 1 and no. 2 commodity indexes, announced two months ago plans to rejig their component weights to reflect growing trade in European benchmark Brent crude, at the expense of U.S. WTI, which some traders say had become detached from global prices.

Dec 28, 2011

Energy giant hid behind shells in “land grab”

TRAVERSE CITY, Michigan (Reuters) – Late in the summer of 2010, hundreds of farmers in northern Michigan were fuming.

All had signed leases with local brokers permitting drillers to tap natural gas and oil beneath their land. All were demanding thousands of dollars in bonuses they had been promised in exchange. But none knew for certain whom to go after.

Dec 28, 2011

Special Report: Energy giant hid behind shells in “land grab”

TRAVERSE CITY, Michigan (Reuters) – Late in the summer of 2010, hundreds of farmers in northern Michigan were fuming.

All had signed leases with local brokers permitting drillers to tap natural gas and oil beneath their land. All were demanding thousands of dollars in bonuses they had been promised in exchange. But none knew for certain whom to go after.

Dec 1, 2011

Suncor says leak from Colorado oil refinery contained

By David Sheppard and Joshua Schneyer

(Reuters) – Suncor Energy said on Wednesday it has contained a leak of an oily substance near its Commerce City refinery in Colorado that was running into Sand Creek, which joins a river that supplies Denver with water.

The Canadian energy firm said it had not yet identified the source of the leak, but acknowledged it was likely coming from its 93,000 barrel-per-day (bpd) refinery in the area. It said plant operations were unaffected.

Nov 30, 2011

Suncor says contains leak near S. Platte River

NEW YORK, Nov 30 (Reuters) – Suncor Energy said on
Wednesday it has contained a leak near its Commerce City
refinery in Colorado that was running into Sand Creek by the
South Platte River.

The Canadian energy firm said it had not yet identified the
source of the leak, and it did not identify the substance
leaking, but said it believed it came from their 93,000
barrel-per-day plant.