Chevron Denies Spanish Court’s Authority, Fire At Bill Barrett Station: Energy Biz Report

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

James Craig, a spokesman for Chevron Corporation’s (NYSE:CVX) African and Latin American operations, has said that the Spanish court in which Repsol Ypf (REPYY.PK) filed a lawsuit against it for making an agreement with YPF Sociedad Anonima (NYSE:YPF) through which to develop shale gas reserves in Argentina has no authority to rule on the matter, commenting that “There is no basis for this lawsuit and any such suit, if brought forward, would be unproductive.Courts in Spain do not have jurisdiction in this matter and Chevron stands by the legitimacy of its memorandum of understanding with YPF.”

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

In a Wednesday release, Bill Barrett Corporation (NYSE:BBG) announced that there was an isolated fire at the Dry Canyon compressor station, which is located in its West Tavaputs gas field in the Uinta Basin of northeast Utah. Two company employees were said to have been injured in the fire and have been transported to a burn center at the University of Utah Hospital.

Siemens (NYSE:SI) reported on Wednesday that since July it has received 16 orders in total, for more than 270 onshore wind turbines from Europe and South Africa, while Siemens Energy has taken the order for the Jeffrey’s Bay wind power plant, representing the firm’s market entry into the wind power sector of South Africa.

Investing Insights: Is Exxon’s Stock a Buy Despite Lower Earnings?

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business