The word oil is pictured on an oil bank at a recycling yard in London March 2, 2011.

Oil price declines have small-cap shale investors scrambling

REPUBLIKA.CO.ID, NEW YORK - Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the US shale energy boom close to their breaking point, while also prompting some well-known fund managers to aggressively buy energy stocks. Concerns about slowing growth in Europe and a stronger dollar have helped push the price of light crude oil...

Logo of Chevron (illustration)

Chevron: Rokan block in Riau the largest oil source in Sumatra

REPUBLIKA.CO.ID, PEKANBARU - Oil and gas from Rokan block, Riau, managed by PT Chevron Pacific Indonesia (CPI) still surpassed production of other Sumatran oil fields, Communication Manager CPI Sumatra Tiva Permata noted in a press release on Monday. "Most of the oil and gas produced by CPI is derived from block Rokan, Riau, including the Duri and Minas fields, which...