Chevron
Chevron has started drilling a new natural gas well in Egypt's Narges field. The move is part of efforts to increase local production and the company's regional output.
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The US Supreme Court has unanimously ruled that a lawsuit by Plaquemines Parish against Chevron must be transferred from state to federal court, effectively voiding a $745 million judgment against the oil company. The decision stems from Chevron's activities during World War II as a military contractor off Louisiana's coast. Legal experts describe the move as frustrating but not a final win for the oil industry.