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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. 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 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. By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 China: development of the Chuandongbei natural gas project.

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Is Toyota’s chairman losing it? says EVs will only reach 30% share, ignoring Norway, China

Baua Electric

As a result, Toyota ranks among the world’s top obstructive companies with Chevron and ExxonMobil. The brand, known for the Prius, continues pushing hybrids, fuel cell, and other gas-powered cars despite most governments moving toward all-electric. EVs represented under 6% of total auto sales in China in 2020.

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Eni and Petrochina sign MOU to develop business opportunities in China and abroad; focus on conventional and unconventional hydrocarbons in Africa

Green Car Congress

The Memorandum of Understanding sanctions a broad spectrum of possible business opportunities to the benefit of both parties in China and internationally. On its part, Eni will avail its expertise on shale gas gained in North America to evaluate opportunities in unconventional resources owned by Petrochina in China.

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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

Green Car Congress

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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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.

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National oil companies hold top spots in Energy Intelligence’s ranking of top oil firms

Green Car Congress

State-owned oil companies are retaining their dominant position in the world petroleum industry according to Energy Intelligence ’s annual ranking of the world’s top 50 oil and gas companies, which was published today in Petroleum Intelligence Weekly (PIW). China National Petroleum Company (CNPC). National Iranian Oil Company (NIOC).

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