NEW YORK — Chevron will take over Noble Energy for $5 billion in the first big deal announced since the coronavirus pandemic shook the energy sector. Chevron has been shopping for assets since last year and with crude prices down more than 30% this year, it jumped Monday with its...
Big Oil Loses Appeal, Climate Suits Go to California Courts
LOS ANGELES — Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected arguments by energy companies and ruled state courts are the...
Crops Grown With Kern Oilfield Water Are Safe, Panel Finds
Fruits and vegetables grown with recycled oilfield water in Kern County got a final stamp of approval in April, nearly five years after the Central Valley Regional Water Quality Control Board began what it thought was going to be a three-month process investigating the water’s safety. Findings from numerous, wide-ranging...
Chevron Will Write Down Assets by at Least $10 Billion
SAN RAMON — Chevron Corp. said Tuesday it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets. More than half the write-down is related to gas drilling operations in Appalachia. The huge fourth-quarter write-down...
California Halts Fracking Permits in Oil Producer Crackdown
SACRAMENTO — Gov. Gavin Newsom cracked down on oil producers Tuesday, halting approval of hundreds of fracking permits until independent scientists can review them and temporarily banning another drilling method that regulators believe is linked to one of the largest spills in state history. Listen to this article: The state...
Newsom Calls for Attorney General Probe of California's High Gas Prices
SACRAMENTO — Governor Gavin Newsom has asked the attorney general to investigate why the state's gas prices are so high, pointing to a new report suggesting big oil companies are "misleading and overcharging customers" by as much as $1 per gallon. Name brand retailers — including 76, Chevron and Shell...
Chevron Fined $2.7M for Kern County Oil Leaks
BAKERSFIELD — California regulators have fined Chevron $2.7 million for violations at a facility in Kern County where there have been multiple oil leaks. The Department of Conservation’s Division of Oil, Gas and Geothermal Resources said Wednesday that Chevron illegally allowed uncontrolled oil releases at Cymric Oil Field. The seepage...
Newsom Visits Big Oil Spill Near Bakersfield, Sees 'Progress'
Gov. Gavin Newsom visited the site of California's largest oil spill in decades and said he is encouraged by Chevron's efforts to clean it up. About 970,000 gallons have leaked from the ground at an oilfield west of Bakersfield over the last couple of months; about one third of it is...
Chevron Ordered to Halt Oil Spill in Kern County
SAN FRANCISCO — California regulators say Chevron has not done enough to stop a massive oil spill that dumped about 800,000 gallons of crude oil and water into a Kern County canyon, and they want the company to take further action to halt the flow. The seep out of the...
$9 For Gallon of Gas in California? Don't Believe It.
A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked these out. Here are the real facts: CLAIM: Regular gas costs $9.40 a gallon in...