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Chevron Sanctions Development of Deepwater Jack/St. Malo Project in the Gulf of Mexico; Initial Development Cost of ~$7.5B

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Chevron Corporation has sanctioned development of the Jack/St. Malo fields are located within 25 miles (40 km) of each other approximately 280 miles (450 km) south of New Orleans, Louisiana, in water depths of 7,000 feet (2,100 m). The initial development of the Chevron project will require an investment of approximately $7.5

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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. Here, Chevron has reduced its steam:oil ratio (i.e.,

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Shell launches commercial operation of Quest carbon capture and storage in Alberta oil sands

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The BCS is well below hydrocarbon-bearing formations and potable water zones in the region. Collaboration is continuing through Quest between Shell and various parties in an effort to bring down costs of future CCS projects globally. It features multiple caprock and salt seal layers.

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DOE awarding $72M to 27 projects to develop and advance carbon capture technologies, including direct air capture

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Chevron Natural Gas Carbon Capture Technology Testing Project. Chevron USA. Engineering-Scale Test of a Water-Lean Solvent for Post-Combustion Capture. aims to demonstrate the performance of a novel water-lean solvent for post-combustion removal of CO 2 from coal- and natural gas-derived flue gas.

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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.

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Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

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There is significant potential for improvement in agriculture, particularly given the historic advances made with genetic modification (GM) of crops to obtain desired characteristics, increase yield and reduce harvesting and processing costs. The biggest challenge is in the deconstruction stage, with high costs for pretreatment and enzymes.

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Rice University Study and Policy Paper Find US Biofuels Policies Flawed, Recommend Fundamental Overhaul

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Chevron Technology Ventures and the Institute for Energy Economics of Japan provided support for the study. “We We believe that such an assessment would find that the extremely high costs of implementing this program outweigh the indirect benefits to consumers of the small, marginal reductions in US oil imports.

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