It was a week where oil prices suffered their first loss in a month though natural gas rallied on encouraging weather forecasts. On the news front, Chevron Corp. (CVX - Analyst Report) has decided to pull out of its shale gas operations in Romania, while The Shale Energy Industry suffered another big blow as Chevron terminated its last European operations in Romania due to poor exploration results and ongoing anti-fracking protests. Chevron also suspended all operations in Poland last month and cancelled Chevron Corp said it will give up shale gas exploration plans in Romania, after an assessment showed the Black Sea state does not compete favourably with other investment opportunities. Energy firms have been attracted by estimates of massive shale gas Chevron says its oil and natural gas reserves fell 1% last year largely due to the sale of its stake in a Chad oil field. WILLISTON, N.D., Feb 20 (Reuters) - Chevron Corp, the second-largest U.S.-based oil producer, said on Friday its oil and natural gas Investigators with the Coweta County Sheriff’s Office are looking for two men suspected of robbing the Highway 154 Chevron gas station at gunpoint on Saturday. Nobody was injured in the robbery, but the men stole about $1,000 along with the cashier’s The multinational energy giant Chevron has begun to turn back its plans to explore for shale gas in Romania. Chevron has stated that this decision has been met as the project in Romania “does not currently compete (favorably) with other investment .
Chevron, which began shale gas drilling at its exploration well in northeastern Romania in 2014, has exited this exploration, according to Bloomberg, which says that Chevron is also ending its three other concessions in Romania. Last year, Chevron also November 2013 brought the disclosure that Buffett had bought about 41 million shares of ExxonMobil (NYSE:XOM), the biggest oil and natural gas company in the world. Earlier this month, it was reported that Buffett had sold out of his position in ExxonMobil. Chevron U.S.A. Inc. today announced that its 2014 Fuel Your School program generated $1 million in Orange County, helping to fund 683 local public school classroom projects, 321 of which support science, technology, engineering and math (STEM) curriculum BUCHAREST, Romania – U.S. oil company Chevron says it has pulled out of shale gas drilling in Romania, weeks after ending business in Poland. The company began drilling for shale gas at its exploration well in northeastern Romania in 2014, a project that .
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