Chevron, PTTEP To Face Off In Thai Petroleum Auction

Chevron Corp. (NYSE: CVX) and Thailand’s PTT Exploration and Production Pcl (PTTEP) will compete in the auction of Bongkot and Erawan petroleum concessions in the Gulf of Thailand after bids were submitted on Sept. 25, with France’s Total SA (NYSE: TOT) sitting it out, the government said in a statement.