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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 Chevron Corporation to resume limited natural resource extraction operations in Venezuela. from receiving profits from the oil sales by Chevron. Chevron currently holds a 39.2%
Chevron USA kicked off a road trip across the US Gulf Coast to showcase an innovative new gasoline blend with more than 50% renewable content. During the tour, Chevron representatives will talk with members of the public about the benefits of lower carbon fuels such as biofuels and renewable gasoline blend.
Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Source: Chevron. Here, Chevron has reduced its steam:oil ratio (i.e.,
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.
Chevron Technology Ventures, a division of Chevron USA Inc. that identifies, evaluates and demonstrates emerging technologies, launched a demonstration project to test the viability of using solar energy to produce oil. The resulting steam is injected into oil reservoirs to increase oil production. Earlier post.)
Source: Chevron. Chevron Australia Pty Ltd, a subsidiary of Chevron Corporation, will proceed with the development of the large Gorgon natural gas project offshore Western Australia. The Greater Gorgon Area—comprising the Jansz and Gorgon fields—has projected natural gas resources equivalent to 6.7 Source: Chevron.
Chevron Corporation’s Cabinda Gulf Oil Company Limited subsidiary will proceed with the development of the Mafumeira Sul project located offshore Angola. Once online in 2015, the project will build to a production capacity of 110,000 barrels of crude oil and 10,000 barrels liquefied petroleum gas per day.
Chevron Products Company, a Chevron USA Inc. division, maker of the Delo brand of heavy duty engine oils, lubricants and coolants, unveiled a new category of heavy duty motor oil designed to address the growth of severe duty applications in on- and off-highway markets.
A subsidiary of Chevron Corporation 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
Are EV fast-charging stations smart business for existing gas stations? The oil giant Chevron appears to be exploring exactly that, with an arrangement that will lead to the rollout at some U.S. Chevron and Texaco gas stations of DC fast-chargers capable of delivering 200 miles of range in 15 minutes.
To reduce the number of accidents in the global oil and gas industry caused by damaged pipelines, University of Houston researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections. When larger spills happen, pipelines are often the culprit.
Shell Oil Company is now producing oil from what it says is the world’s deepest subsea well at its Perdido Development. Tobago is jointly owned by Shell (32.5%, as operator), Chevron (57.5%), and Nexen (10.0%) and is one of three fields producing through the Perdido drilling and production platform. Earlier post.)
Chevron Corporation 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).
GE Oil & Gas will supply three customized aeroderivative gas turbine-generator modules to provide reliable electric power for a new Chevron floating production unit that will produce oil and gas from the Jack and St. Chevron’s initial development of the Jack and St. The LM2500+G4. The LM2500+G4.
Artist’s rendering of a GE Frame-7 gas turbine, similar to the units that GE Oil & Gas is supplying for the Gorgon project. The Greater Gorgon Area—comprising the Jansz and Gorgon fields—has projected natural gas resources equivalent to 6.7 billion barrels of oil (boe). First gas is planned for 2014.
Chevron Corporation 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 million cubic feet of natural gas per day.
Argentina state-owned energy company YPF and Bridas, an Argentina-based oil and gas company 50% owned by China National Offshore Oil Corporation, agreed to invest $1.5 While most of the development is targeting unconventional oil will, a portion will be for wet gas exploitation. million acres, or 40% of the total.
Clathrate hydrate formation and subsequent plugging of deep-sea oil and gas pipelines represent a significant bottleneck for deep-sea oil and gas operations. — Methane hydrates can freeze upon contact with cold water in the deep ocean, are a chronic problem for deep-sea oil and gas wells. Resources.
A group comprising 17 oil and gas companies has established a project for joint seismic acquisition in the southeastern Barents Sea. When the authorities circulate the 23 rd round nominated blocks for public consultation, other oil companies will get a new opportunity to engage in the project. — Gro G.
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.
One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize—and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas. Earlier post.].
Alaska Governor Sean Parnell announced that two major milestones have been met in the state’s effort to bring Alaska’s North Slope natural gas to Alaskans and markets beyond. The North Slope holds more than 35 trillion cubic feet of discovered natural gas. Positioning North Slope gas for a large-scale gas pipeline project.
But our friends in the oil, coal and gas industry have 5,795 gigatons of carbon on the books. Every one of those companies’ financial futures depends on that 5,795 gigatons of carbon being turned into greenhouse gas emissions that will literally cook the planet past the point of human habitation.
The Permian Basin assets being sold produced approximately 21,000 barrels of liquids and 90 million cubic feet of natural gas per day during the 2012 second quarter, or approximately 5.7% Chesapeake entered into a purchase and sale agreement to sell its assets in the northern Delaware Basin portion of the Permian Basin to Chevron USA Inc.,
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.,
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. The released water is recovered and recycled.
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, Chevron Corporation, through its subsidiary Union Oil Company of California, has a 15.6% BHP Billiton has a 23.9%
Chevron announced that crude oil and natural gas production has begun at the ultra-deepwater Jack/St. With a planned production life of more than 30 years, current technologies are anticipated to recover in excess of 500 million oil-equivalent barrels. Chevron, through its subsidiary, Chevron USA Inc.,
Chevron Corporation 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.
Yeah, I’m talking to you Exxon/Mobil mercenaries who work at the Torrance refinery and you amoral assassins who get your blood money from the Chevron refinery in El Segundo. According the the WSJ, “Many business groups are opposed to EPA efforts to curb a gas as ubiquitous as carbon dioxide.&#. Did you think I was kidding?
Chevron Corporation 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 China: development of the Chuandongbei natural gas project.
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 UK government’s Department of Energy and Climate Change (DECC) approved the field development plan put forward by Statoil and its co-venturers for the Mariner heavy oil field. The average production is estimated at around 55,000 barrels of oil per day over the plateau period from 2017 to 2020. Location of the Mariner field.
Chevron Corporation’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.
South African energy and chemicals group Sasol today announced that it has chosen the southwestern region of the State of Louisiana as the site for a planned gas-to-liquids (GTL) facility. billion barrels of liquid fuels and chemicals from coal and natural gas. —Gas to Liquids Life Cycle Assessment Synthesis Report.
Researchers from QUILL —the Queen’s University (Belfast) Ionic Liquid Laboratories—will display a novel process for removing toxic mercury from natural gas using ionic liquids at the Royal Society’s Summer Science Exhibition. The exhibition opens to the public tomorrow, 1 July, at Royal Society headquarters in central London.
A team from the US National Renewable Energy Laboratory (NREL) and Chevron Corporation 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. In their paper, Smagala et al.
The California Air Resources Board announced nearly $1 million in penalties against 3 companies for late or inaccurate reporting of their greenhouse gas emissions for 2011. This action marks the second time the Air Resources Board has issued fines for violations of California’s Mandatory Greenhouse Gas Emissions Reporting regulation.
Estimated inventories of methane emissions from the natural gas production sector, excluding processing and transmission. A team of researchers from UT Austin’s Cockrell School of Engineering and environmental testing firms URS and Aerodyne Research completed measurements at 190 natural gas production sites across the United States.
State-owned oil companies are retaining their dominant position in the world petroleum industry according to Energy Intelligence ’s annual ranking of the world’s top 50 oil and gas companies, which was published today in Petroleum Intelligence Weekly (PIW). The Top 50 companies produce 75% of global oil output.
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.
Chevron, GreenPex, Shell and NUNAOIL are awarded an exclusive licence to exploration and exploitation of hydrocarbons in the Greenland Sea area, licence bloc 9 (“Umimmak”). NUNAOIL is the the only national oil company only in the Arctic; it participates in every license on behalf of the government of Greenland. Source: NUNAOIL.
Chevron, ConocoPhillips, ExxonMobil and Shell plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico. The companies have committed $1 billion to fund the initial costs of the system.
The provincial government of Alberta and the federal government of Canada will invest C$865 million (US$822 million) in a large-scale Carbon Capture and Storage (CCS) project in the Athabasca oil sands. Tags: Canada Carbon Capture and Storage (CCS) Oil sands. The project will capture and store up to 1.2
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