Gazprom Neft-Lukoil JV to develop oil and gas cluster in Yamal-Nenets region

Gazprom Neft and Lukoil are establishing a joint venture (JV) to develop a major oil and gas cluster in the Yamalo-Nenets Autonomous Okrug’s Nadym-Pur-Tazovsky district in Siberia. The JV will be created through Gazprom Neft subsidiary Meretoyakhaneftegaz, with the new production cluster being centred around the Tazovskoye oil and gas…

JPMorgan downgrades Chevron, citing ramp-up in clean energy spending

Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron’s site in Pungesti, Romania, April 8, 2014. Bogdan Cristel | Reuters Chevron’s plans to increase its clean energy spending could hold the stock back over the next year, according to JPMorgan. Source…