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

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(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

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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

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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. Source: Chevron. Data: California DOGGR.

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

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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

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Chevron Corporation announced a new oil discovery at the Moccasin prospect in the deepwater US Gulf of Mexico. The well is located approximately 216 miles (348 km) off the Louisiana coast in 6,759 feet (2,060 meters) of water and was drilled to a depth of 31,545 feet (9,615 meters). The Keathley Canyon Block 736 Well No.

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Chevron announces successful test well at deepwater St. Malo in Gulf of Mexico

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Chevron Corporation 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. This is the first development well in the St.

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Chevron Technology Ventures launches world’s largest solar enhanced-oil-recovery project

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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.)

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