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Oil tumbles after brief rebound; Brent back below $60

Global crude oil prices slumped anew on Thursday, a day after a short-covering rally, as traders placed fresh bets the market would resume a six-month rout on worries about a supply glut.

Chevron Corp to sell two Nigerian oil blocks

US-based Chevron announced Tuesday it was selling its interest in two Nigerian oil blocks, becoming the latest multi-national to part with assets in Africa's biggest crude producer.

Chevron lends $2 bn to Venezuelan joint venture

US supermajor Chevron Corp. will provide USD 2 billion in financing to its Petroboscan joint venture with Venezuelan state-owned oil giant PDVSA under the terms of a new agreement.

Chevron pays fine for oil spill in Brazil

US oil supermajor Chevron Corp. said it has paid the 35.1 million reais (USD 17 million) fine imposed by Brazil's ANP regulator for an oil spill last November.

Chevron faces $25 mn fine for Brazil oil spill

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

Ecuador court upholds $18 billion ruling against Chevron

An Ecuadorean appeals court on Tuesday upheld a ruling that Chevron Corp should pay USD 18 billion in damages to plaintiffs who accused the US oil giant of polluting the Amazon jungle and damaging their health.

Conoco to spill more details on split

ConocoPhillips will divulge more details on Wednesday about its plan to split in two and analysts say the focus will likely be on its chemical joint venture, Canadian oil sands assets and pipelines.