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The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued Venezuela General License (GL) 41 , authorizing ChevronCorporation to resume limited natural resource extraction operations in Venezuela. from receiving profits from the oil sales by Chevron. Chevron currently holds a 39.2%
(CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of ChevronCorporation. since 2015. —Steve Oldham, CEO of CE.
Exxon Mobil Corporation will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a gravity-based structure that will recover more than 700 million barrels of oil, an increase from earlier estimates. The platform is being designed for daily production of 150,000 barrels of oil.
ChevronCorporation announced a new oil discovery at the Moccasin prospect in the deepwater US Gulf of Mexico. Chevron, with a 43.75% working interest in the prospect, was the operator of the Moccasin discovery well. Chevron is one of the largest leaseholders in the Gulf of Mexico and is currently developing the $7.5
ChevronCorporation announced that it had conducted a successful production test on the St. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. Chevron’s Jack/St. Chevron has a working interest of 51% in the St.
ChevronCorporation reported that while its subsidiary, Chevron Brasil Upstream Frade Ltda., Source: Chevron. Chevron says the suspension of the drilling operations has no impact on its current production in the Frade field or on other Frade field operations. Drilling schematic. Click to enlarge.
CH utilizes water to reduce hydrogen and catalyst consumption and quickly and inexpensively converts plant oils into stable intermediate oil products which are very similar to petroleum crude oil. Aemetis, Inc., In May of this year, CLG joined ARA’s ReadiJet Alternative Fuel Initiative for drop-in biofuels. a CBI Company.
A subsidiary of ChevronCorporation signed an agreement with affiliates of the Argentine oil company YPF S.A. that furthers the development of shale oil and gas resources from the Vaca Muerta formation located in the Neuquén province. Earlier post.) The agreement calls for initial outlays of approximately $1.24
Mascoma Corporation has entered into a feedstock processing and lignin supply agreement with Chevron Technology Ventures (CTV), a division of Chevron USA, Inc. Chevron and lignin for fuels. Chevron says tests have shown that this produced water does not inhibit the lignin conversion. Earlier post.)
Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion. Malo production facility operated by Chevron USA Inc.
Source: Chevron. Chevron Australia Pty Ltd, a subsidiary of ChevronCorporation, will proceed with the development of the large Gorgon natural gas project offshore Western Australia. billion barrels of oil (boe). Chevron Chairman Dave O’Reilly. Source: Chevron. Click to enlarge. of the island.
ChevronCorporation has sanctioned development of its $4-billion Big Foot project in the deepwater US Gulf of Mexico. Big Foot will be Chevron’s sixth operated facility in the deepwater Gulf of Mexico and located approximately 225 miles (360 km) south of New Orleans, Louisiana, in water depths of 5,200 feet (1,600 m).
ChevronCorporation announced a significant oil discovery at the Anchor prospect in the deepwater US Gulf of Mexico. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year. Chevron subsidiary Chevron USA is the operator, with a 55% working interest in the Anchor prospect.
Chevron USA, a subsidiary of ChevronCorporation, and Bunge North America, a subsidiary of Bunge Limited, announced a memorandum of understanding (MOU) of a proposed 50/50 joint venture to help meet the demand for renewable fuels and to develop lower carbon intensity feedstocks.
ChevronCorporation has sanctioned development of the Jack/St. The initial development of the Chevron project will require an investment of approximately $7.5 It will include three subsea centers tied back to a hub production facility with a capacity of 170,000 barrels of oil and 42.5 The Jack and St.
Shell will proceed with the first carbon capture and storage (CCS) project for an oil sands operation in Canada. billion Quest project will be built on behalf of the Athabasca Oil Sands Project joint venture owners (Shell, Chevron and Marathon Oil) and with support from the Governments of Canada and Alberta.
developer of a catalytic pyrolysis process to produce renewable oil from biomass ( earlier post ), has signed a ground fuel supply agreement with FedEx Corporate Services, Inc. Under the agreement, KiOR may supply renewable diesel blendstocks for purchase by affiliates of FedEx Corporate Services, Inc. Earlier post.).
USA, a subsidiary of ChevronCorporation, and Gevo have signed a letter of intent (LOI) to invest jointly in building and operating one or more new facilities that would?process The new facilities would also produce proteins and corn oil. The new facilities would also produce proteins and corn oil.
Applied Research Associates (ARA) and Chevron Lummus Global (CLG) are partnering with the National Research Council of Canada (NRC), the US Air Force Research Laboratory (AFRL), and Agrisoma Biosciences Inc. Overview of the ReadiJet process. Click to enlarge. Earlier post.). The technology is proven in mature pilot systems. a CB&I Company.
Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Total and Chevron are the most active corporate investors in the fermentation domain.
ChevronCorporation entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. This transaction builds strength on strength for Chevron. in cash for each Anadarko share.
Chesapeake Energy Corporation entered into multiple agreements to sell the vast majority of its Permian properties, substantially all of its midstream assets and certain noncore leasehold for total net cash proceeds of approximately $6.9 a subsidiary of ChevronCorporation. billion of term loans during the 2012 fourth quarter.
Pending confirmation through future appraisal drilling, the total hydrocarbons initially in place in the Mad Dog field complex are now estimated to be up to four billion barrels of oil equivalent. interest, ChevronCorporation, through its subsidiary Union Oil Company of California, has a 15.6% BHP Billiton has a 23.9%
Twelve of Canada’s oil sands producers have formed a new alliance, Canada’s Oil Sands Innovation Alliance (COSIA), focused on accelerating the pace of improving environmental performance in Canada’s oil sands through collaborative action and innovation. This would improve plant reliability.
Shell, as operator of the Athabasca Oil Sands Project (AOSP), announced the successful start of production of a 100,000 barrels per day expansion of its oil sands operations in Canada. The Jackpine Mine adds capacity of 100,000 barrels of oil equivalent (boe) per day to the existing Muskeg River Mine capacity of 155,000 boe per day.
The 100,000 barrels-per-day expansion takes upgrading capacity at Scotford to 255,000 barrels-per-day of heavy oil from the Athabasca oil sands. The Scotford Upgrader processes oil sands bitumen from the Muskeg River Mine and Jackpine Mine. The announcement marks the first commercial production from the upgrader expansion.
ChevronCorporation announced a $32.7 Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 billion capital and exploratory spending program for 2012.
A coalition of major oil & gas, power, automotive, fuel cell, and hydrogen companies have developed and released the full new report, a “ Road Map to a US Hydrogen Economy. ” Inc; Audi; Chevron; Cummins Inc.; The report was developed with input from 19 companies and organizations: Air Liquide; American Honda Motor Co.,
ChevronCorporation’s subsidiary, Chevron USA will now work with BP Exploration and Production Inc. (BP) Chevron has acquired an interest in Tiber and Gila from BP. Chevron, BP and ConocoPhillips already held interests in the Gibson prospect. Malo project.
Shell submitted the application on behalf of the Athabasca Oil Sands Project, a joint venture among Shell Canada Energy (60%) Chevron Canada Limited (20%) and Marathon Oil Canada Corporation (20%). Quest is a fully integrated CCS project, meaning it will capture, transport (pipeline) and store carbon dioxide.
A team from the US National Renewable Energy Laboratory (NREL) and ChevronCorporation has examined the chemical composition and properties of several diesel fuels and blendstocks derived from Fischer?Tropsch hydroisomerized camelina oil. hydroisomerized algal oil. hydroisomerized algal oil. Despite this trade-o?,
Under California’s Low Carbon Fuel Standard (LCFS), crude oil producers may generate credits for oil that has been produced using innovative methods and delivered to California refineries for processing. Seneca Resource Corporation (Seneca) has applied for LCFS credits for producing crude oil using solar generated electricity.
Royal Dutch Shell plc announced the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.
The assessed penalties are as follows: Chevron USA Inc. In a separate matter, Chevron North America Exploration & Production Company of Houston, TX has agreed to pay $328,500 for late reporting of greenhouse gas emissions from its San Joaquin Valley oil fields. In this case the data remained uncorrected for 243 days.
The carbon capture process at the Scotford oil sands upgrader will capture about 35% of emissions. The signing of the funding agreement was announced as part of an event marking the earlier start-up of Shell’s 100,000-barrel-per-day expansion of its Athabasca Oil Sands Project (AOSP), bringing total capacity to 255,000 barrels per day.
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. by Nick Cunningham of Oilprice.com.
Energy industry: BP America, ChevronCorporation, ConocoPhillips, ExxonMobil Corporation, and Shell Oil Products US. Electric utility industry: DTE Energy, Southern California Edison, and the Electric Power Research Institute.
five energy companies—BP America, ChevronCorporation, Phillips 66 Company, ExxonMobil Corporation, and Shell Oil Products US; two electric utilities—DTE Energy and Southern California Edison; and the Electric Power Research Institute.
Ensyn Corporation and Brazilian wood pulp company Fibria Celulose S.A. have formed a strategic alliance that includes the establishment of an equally-owned joint venture for the production of cellulosic liquid fuels and chemicals in Brazil, as well as a US$20-million equity investment in Ensyn Corporation by Fibria.
Using activated amine (ADIP-X), Quest will capture one-third of the CO 2 emissions from Shell’s Scotford Upgrader, which turns oil sands bitumen into synthetic crude that can be refined into fuel and other products. Quest was made possible through strong collaboration between the public and private sectors aimed at advancing CCS globally.
developer of a catalytic pyrolysis process to produce renewable oil from biomass, and Catchlight Energy LLC (CLE), a 50-50 joint venture between subsidiaries of ChevronCorporation and Weyerhaeuser Company focused on providing liquid transportation fuels from sustainable forest-based resources, have signed a feedstock supply agreement.
Hess Corporation will proceed with the development of Tubular Bells, a deepwater oil and gas project operated by Hess in the Gulf of Mexico. Annual gross production is expected to peak in the range of 40,000-45,000 barrels of oil equivalent per day. The development is estimated to cost $2.3
KiOR combines a proprietary catalyst system with a biomass-to-renewable crude conversion technology to produce a high-quality oil called Re-Crude using a process similar to Fluid Catalytic Cracking used in the oil industry. KiOR expects to begin production at its Columbus facility in the second half of 2012.
Almost every American who drives (and for better or worse that's most of us), must pay oil companies for the privilege. Today's NYTimes has a big story about one way oil and gas companies continue to steal from us. They refused to pursue his case against Kerr-McGee Corporation. 2,000,000 from Chevron on October 17.
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