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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.”
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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?
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