article thumbnail

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

Green Car Congress

A subsidiary of Chevron Corporation signed an agreement with affiliates of the Argentine oil company YPF S.A. Chevron Argentina currently produces an average of 21,000 barrels of crude oil and 4 million cubic feet of natural gas in the Neuquén Basin, where it holds operated interests ranging from 18.8 Earlier post.)

Chevron 220
article thumbnail

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

Green Car Congress

Chevron Corporation announced a $32.7 Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. Major capital investments include developments in Australia, the deepwater Gulf of Mexico, Nigeria, Angola and China. Spending of $28.5

Chevron 170
article thumbnail

Argentina’s YPF and Bridas, 50% owned by CNOOC, to invest $1.5B in Vaca Muerta shale oil development in Argentina

Green Car Congress

Argentina state-owned energy company YPF and Bridas, an Argentina-based oil and gas company 50% owned by China National Offshore Oil Corporation, agreed to invest $1.5 While most of the development is targeting unconventional oil will, a portion will be for wet gas exploitation.

Argentina 262
article thumbnail

$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

According to the EIA , Argentina has over 800 trillion cubic feet of unproved technically recoverable shale gas reserves (more than the 622 tcf located in the US) and 27 billion barrels of shale oil, which is less than only the US, Russia, and China. Meanwhile, a corporate makeover is also underway.

Argentina 150
article thumbnail

America’s lithium laws fail to keep pace with rapid development – ET Auto

Baua Electric

Washington’s drive to make the United States a major global lithium producer is being held back by a confusing mix of state regulations that are deterring developers and hampering efforts to break China’s control of the critical minerals sector.

article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Dr. Don Paul is the Executive Director, University of Southern California Energy Institute and a former vice president and chief technology officer of Chevron. China continues to defy easy classification. The US is in a race for global dominance in the new energy economy with China. Energy Markets in a State of Change.

Financing 150
article thumbnail

MIT Energy Initiative report on transforming the US transportation system by 2050 to address climate challenges

Green Car Congress

The report addresses topics related to the evolution of vehicle technology and its deployment, the development of alternative fuels and energy sources, the impacts of driver behavior, and the implications of all of these factors on future GHG emissions in the United States, Europe, China, and Japan.

MIT 150