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US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

Green Car Congress

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%

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Chevron / Toyota road trip demonstrates renewable gasoline blend

Green Car Congress

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.

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Occidental Petroleum and Chevron invest in direct air carbon capture and synthetic fuels company Carbon Engineering

Green Car Congress

(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 Chevron Corporation. since 2015. —Steve Oldham, CEO of CE.

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Chevron Confirms first oil production from deepwater Papa-Terra offshore Brazil

Green Car Congress

Chevron’s Brazilian subsidiary and Petrobras have started crude oil production from Papa-Terra’s floating production, storage and offloading vessel (FPSO) offshore Brazil. Papa-Terra has installed capacity to produce 140,000 barrels of heavy crude per day; the project is estimated to recover 380 million barrels of oil.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

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.,

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ExxonMobil to proceed with $14B Hebron heavy oil project off Canada’s East Coast; more than 700B barrels of oil

Green Car Congress

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.

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Chevron announces oil discovery in deepwater US Gulf of Mexico

Green Car Congress

Chevron Corporation 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

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