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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%

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Chevron / Toyota road trip demonstrates renewable gasoline blend

Green Car Congress

Chevron USA kicked off a road trip across the US Gulf Coast to showcase an innovative new gasoline blend with more than 50% renewable content. During the tour, Chevron representatives will talk with members of the public about the benefits of lower carbon fuels such as biofuels and renewable gasoline blend.

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Chevron and MOECO to collaborate on Advanced Closed Loop geothermal technology

Green Car Congress

Chevron New Energies, and Mitsui Oil Exploration (MOECO) signed a Joint Collaboration Agreement to explore the technical and commercial feasibility of advanced geothermal power generation in Japan. Chevron and MOECO share a goal of delivering lower carbon energy solutions, while meeting the need for reliable, affordable energy.

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Fuelin’ Around: Chevron Buys Hess

The Truth About Cars

In what is being described by talking heads as an “all-stock transaction”, Chevron Corp. With terms generally not understood by this author who frequently requires help with math, Hess shareholders will apparently receive 1.025 shares of Chevron for each Hess share they hold. has agreed to purchase Hess Corp.

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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.

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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.

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

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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