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Chevron greenlights $5.6B Mafumeira Sul project offshore Angola

Green Car Congress

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. interest in Mafumeira Sul.

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Chevron fined $422,500 for 3 instances of non-compliant fuels in California; ethanol, olefin and cetane issues

Green Car Congress

Chevron USA Inc. Chevron agreed to pay the penalties as part of three separate settlements it reached with the California Air Resources Board (ARB). In two cases, Chevron disclosed the violations. Dispensed from Chevron terminals in Sacramento and San Jose, the fuel did not contain adequate amounts of ethanol. In all, 15.9

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Chevron, BP and ConocoPhillips partner to explore 24 leases in Paleogene trend in deepwater Gulf of Mexico

Green Car Congress

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.

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Chevron sanctions $4B Big Foot Project in the deepwater Gulf of Mexico

Green Car Congress

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).

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Chevron Sanctions Development of Deepwater Jack/St. Malo Project in the Gulf of Mexico; Initial Development Cost of ~$7.5B

Green Car Congress

Chevron Corporation has sanctioned development of the Jack/St. The initial development of the Chevron project will require an investment of approximately $7.5 million cubic feet of natural gas per day. Chevron, through its subsidiary Chevron USA Inc., The Jack and St. Startup is anticipated in 2014.

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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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LS9 Closes $25M Round; Chevron Takes a Stake

Green Car Congress

Participating investors included CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures LLC; Flagship Ventures; Khosla Ventures and Lightspeed Venture Partners. UltraClean Diesel has achieved US and Brazilian performance standards for on-road use, and achieves an 85% reduction in green house gas emissions.

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