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Occidental Petroleum and Chevron invest in direct air carbon capture and synthetic fuels company Carbon Engineering

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CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. Canada-based Carbon Engineering Ltd. (CE) since 2015. —Steve Oldham, CEO of CE.

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bp starts oil production at Argos platform in the Gulf of Mexico; first new platform since 2008

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bp has successfully started oil production at its Argos offshore platform, strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. Argos is the centerpiece of bp’s Mad Dog Phase 2 project, which extends the life of the super-giant oil field discovered in 1998. Earlier post.) bp is the operator with 60.5%

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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. a CBI Company. Aemetis, Inc., —Leon DeBruyn, CLG CO-Managing Director. Earlier post.)

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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. Source: Chevron. Data: California DOGGR.

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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 greenlights $5.6B Mafumeira Sul project offshore Angola

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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.

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Chevron announces successful test well at deepwater St. Malo in Gulf of Mexico

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Chevron Corporation announced that it had conducted a successful production test on the St. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. Chevron’s Jack/St. Chevron has a working interest of 51% in the St. This is the first development well in the St.

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