article thumbnail

US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

Green Car Congress

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued Venezuela General License (GL) 41 , authorizing Chevron Corporation to resume limited natural resource extraction operations in Venezuela. from receiving profits from the oil sales by Chevron. Chevron currently holds a 39.2%

Venezuela 358
article thumbnail

Chevron, Bunge announce proposed JV for soybean feedstocks for renewable fuels

Green Car Congress

Chevron USA, a subsidiary of Chevron Corporation, and Bunge North America, a subsidiary of Bunge Limited, announced a memorandum of understanding (MOU) of a proposed 50/50 joint venture to help meet the demand for renewable fuels and to develop lower carbon intensity feedstocks.

Chevron 186
article thumbnail

Chevron, Gevo to pursue sustainable aviation fuel investment; inedible corn feedstock

Green Car Congress

USA, a subsidiary of Chevron Corporation, and Gevo have signed a letter of intent (LOI) to invest jointly in building and operating one or more new facilities that would?process The new facilities would also produce proteins and corn oil. The new facilities would also produce proteins and corn oil.

Chevron 186
article thumbnail

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

Green Car Congress

(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. since 2015. —Steve Oldham, CEO of CE.

Chevron 351
article thumbnail

Chevron considers lithium manufacturing in unedited EV guess through large oil

Baua Electric

oil majors contrasts with their opposite numbers in Europe, that have been extra competitive in sure energy-transition fields like breeze, sun and tool products and services. corporations have eager about adjoining fields in their fossil gas industry comparable to carbon seize and attic, hydrogen and lithium. Stocks climbed 2.3

Chevron 52
article thumbnail

Chevron announces “significant” oil discovery in deepwater Gulf of Mexico

Green Car Congress

Chevron Corporation announced a significant oil discovery at the Anchor prospect in the deepwater US Gulf of Mexico. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year. Chevron subsidiary Chevron USA is the operator, with a 55% working interest in the Anchor prospect.

Chevron 150
article thumbnail

Chevron to acquire Anadarko in $33B deal; shale and tight, deepwater, LNG

Green Car Congress

Chevron Corporation entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. This transaction builds strength on strength for Chevron. in cash for each Anadarko share.

Chevron 186