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Chevron approves next major Tengiz expansion project in Kazakhstan

Green Car Congress

Chevron Corporation announced that its 50% owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP), which will increase crude oil production at the Tengiz oil field in Kazakhstan by about 260,000 barrels per day. billion, which includes $27.1

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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Chevron Corporation announced a $32.7 billion capital and exploratory spending program for 2012. 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

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Chevron, YPF sign to develop Vaca Muerta Shale; initial outlays of $1.2B

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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 Earlier post.).

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

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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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Chesapeake selling Permian and midstream assets for $6.9B; Chevron, Shell and EnerVest acquiring Permian assets for combined $3.3B

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billion of term loans during the 2012 fourth quarter. 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% a subsidiary of Chevron Corporation. in June 2012 for approximately $2.0

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In aftermath of Chevron fire, California to tighten regulations on oil refineries

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The two regulations implement key recommendations of the Governor’s Interagency Working Group on Refinery Safety, and are the result of a multi-year effort, including extensive consultation with workers, industry, NGOs, and communities, following a serious chemical release and fire at Chevron’s Richmond oil refinery in August 2012.

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GE Oil Gas Awarded $400+M Contract for Gorgon Natural Gas Projects; GE Turbomachinery to Drive LNG Production and World’s Largest CO2 Injection Project

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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 First gas is planned for 2014. First gas is planned for 2014.

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