Chevron and Hess Corp. have announced a $60 billion merger, the second major oil deal this month as energy prices surge. The acquisition will add a major oil field in Guyana and shale properties in the Bakken Formation in North Dakota to Chevron's portfolio. This follows Exxon Mobil's announcement two weeks ago to acquire Pioneer Natural Resources for $60 billion, and analysts expect more deals to follow as oil prices remain high.
Posts tagged as “Chevron”
New Mexico Attorney General Raúl Torrez has charged Las Cruces Police Officer Brad Lunsford with voluntary manslaughter in the fatal shooting of a Black man at a Chevron gas station last August. The incident occurred when a gas station attendant called 911 to report that the man had left without paying for a beer. The use-of-force investigation concluded that the shooting was not justified, and Lunsford could face up to six years in prison if convicted. The case is now in the hands of the district attorney's office.
A woman in Arizona was rescued after she passed a note to a customer at a gas station begging for help. She had been abducted by a man posing as an Uber driver and was being driven towards Las Vegas. The customer contacted the Yavapai County Sheriff's Office, who were able to locate the van and rescue the woman. The woman was reunited with her family and the Yavapai County Sheriff's Office commended her quick thinking and bravery.
The Supreme Court has agreed to hear a case that could potentially overturn a nearly 40-year-old precedent, which could have far-reaching implications for how federal agencies interpret and enforce laws. The case involves a dispute between the Biden administration and commercial fishing companies and has been seen as part of a larger effort by conservative groups and business interests to challenge the federal bureaucracy. The outcome of the case remains uncertain, and the implications of the court’s decision will be closely watched by both supporters and opponents of the “war on the administrative state.”
The Biden administration has auctioned off 73 million acres of waters in the Gulf of Mexico to offshore oil and gas drilling, drawing criticism from environmentalists who argue it contradicts the president's campaign pledge to ban new fossil fuel development on public lands. The sale is expected to generate over $1 billion in revenue and major oil companies like Chevron, Shell, and BP are expected to submit the highest bids. The Biden administration has defended the sale, arguing that it will help the U.S. transition to a clean energy economy.