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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 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. Here, Chevron has reduced its steam:oil ratio (i.e.,

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Consolidated bioprocessing company Aemetis licenses plant oil hydroprocessing technology from Chevron Lummus Global for renewable jet and diesel

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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. In July 2011, Aemetis—then called AE Biofuels—completed the acquisition of Zymetis, Inc., Aemetis, Inc., a CBI Company.

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GE to supply 3 aeroderivative gas turbine-generator modules for Chevron floating production unit in GOM

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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. Shipment of the equipment is scheduled to start in December of 2011, with commercial startup planned by early 2013.

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BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

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working interest) and co-owners, BHP Billiton (23.9%) and Union Oil Company of California, an affiliate of Chevron USA Inc (15.6%), decided to re-evaluate the Mad Dog Phase 2 project after an initial design—pegged at some $20 billion—proved too complex and costly. Oil production is expected to begin in late 2021. Earlier post.).

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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.

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UT Austin team and partners report on extensive measurements of methane emissions during natural gas production

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Because of this equipment, methane emissions from well completions are 97% lower than calendar year 2011 national emission estimates, released by the Environmental Protection Agency (EPA) in April 2013. In a liquids unloading, wells are cleared of water and other liquids that are inhibiting production.

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