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President Cristina Fernandez Defends Argentina’s Deal With Chevron

President Cristina Fernandez defended the deal her administration signed earlier this week with U.S.-based supermajor Chevron Corp. for the development of the Vaca Muerta shale oil and gas field in southwestern Argentina amid criticism from opponents of the agreement. continue reading »

Chevron Embargo Could Hinder Investments in Argentina, Says YPF

The CEO of Argentine state-controlled oil company YPF says a court ruling embargoing the assets of Chevron Corp.'s local subsidiary could hinder investment flows into the South American country. continue reading »

Chevron Subsidiaries Appeal Asset Embargo in Argentina

Two Argentine subsidiaries of Chevron Corp. have appealed a court ruling freezing the U.S. oil supermajor's assets in the South American country. continue reading »

Chevron’s Assets Frozen by Argentine Court

An Argentine judge has embargoed the assets of U.S. oil supermajor Chevron Corp. in the South American country, a victory for plaintiffs trying to collect on a $19 billion judgment against the company in Ecuador for environmental damage. continue reading »

Chevron Facing More Trouble in Ecuador, Judge Orders Seizure of Assets

In a collection victory for plaintiffs who won a $19 billion judgment against U.S. oil supermajor Chevron, an Ecuadorian judge has ordered the company to turn over its assets in the Andean nation. continue reading »

Petrobras Looking to Overturn Ban on Transocean, Chevron in Brazil

Brazilian state-controlled oil company Petrobras has taken legal action to suspend a court order barring U.S. oil supermajor Chevron Corp. and drilling contractor Transocean from operating in the South American country because of an oil spill. continue reading »

Chevron Pays $17 Million Fine for Oil Spill in Brazil

U.S. oil supermajor Chevron Corp. said it has paid the 35.1 million reais ($17 million) fine imposed by Brazil's ANP regulator for an oil spill last November. continue reading »

Brazil Reduces Chevron’s Oil Spill Fine by $8 Million

U.S. supermajor Chevron will be fined $17 million for an offshore oil spill rather than the nearly $25 million announced in July, the head of Brazil's National Petroleum Agency, or ANP, said Monday. continue reading »

Argentina and Chevron Sign Hydrocarbon Development Deal

Argentine state-run oil firm YPF and U.S. supermajor Chevron Corp. on Friday signed a memorandum of understanding to "explore non-conventional hydrocarbon development opportunities" in the massive Vaca Muerta shale formation, YPF said in a statement Friday. continue reading »

Regardless of Oil Spill, Chevron Will Remain in Brazil

U.S. supermajor Chevron Corp. will not leave Brazil and is working to restart its projects in the South American country, where a court had given the energy company until the end of August to halt its operations, Chevron's chief of Latin American operations, Don Stelling, said. continue reading »

Oil Leak in Brazil May Cost Chevron $24.7 Million

Brazil's National Petroleum Agency said Thursday that Chevron Corp. will be fined nearly 50 million reais ($24.7 million) for an oil leak at an offshore field last November. continue reading »

Chevron Loans $2 Billion to Venezuela For Joint Venture

Chevron has extended a $2 billion line of credit to its joint venture with state-owned Petroleos de Venezuela SA, the Venezuelan company said. continue reading »

Oil Giant Chevron “Takes Full Responsibility” for Spill in Brazil

Chevron Corp. "takes full responsibility" for the oil spill off Brazil, the U.S.-based supermajor's top executive in the South American country, George Buck, said. continue reading »