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

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Chevron approves next major Tengiz expansion project in Kazakhstan

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Chevron Corporation announced that its 50% owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP), which will increase crude oil production at the Tengiz oil field in Kazakhstan by about 260,000 barrels per day. billion, which includes $27.1

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

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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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euglena planning commercial production of biojet and renewable diesel from algae in Japan

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plans to produce and supply biojet and renewable diesel in Japan at commercial scale in the 2020s with support from the City of Yokohama, Chiyoda Corporation, Itochu Enex Co., In June 2015, the company signed a Technology License Agreement for the ISOCONVERSION process with Chevron Lummus Global and Applied Research Associates (ARA).

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California oil producer applies for LCFS credits for producing crude oil using solar-generated power

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Seneca Resource Corporation (Seneca) has applied for LCFS credits for producing crude oil using solar generated electricity. Seneca Resources Corporation is the exploration and production (E&P) segment of National Fuel Gas Company, headquartered in Houston, Texas. from Chevron USA, a subsidiary of Chevron Corporation.

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Shell to proceed with Quest carbon capture and storage (CCS) project in the oil sands

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billion Quest project will be built on behalf of the Athabasca Oil Sands Project joint venture owners (Shell, Chevron and Marathon Oil) and with support from the Governments of Canada and Alberta. Shell will proceed with the first carbon capture and storage (CCS) project for an oil sands operation in Canada. Earlier post.).

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$67 Oil Has All The Majors Converging in Argentina

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The Vaca Muerta has attracted companies from around the world, including ExxonMobil, Chevron, Royal Dutch Shell and Gazprom. The company spent only $4 billion in 2015, down from the original $6 billion it had planned on spending. Meanwhile, a corporate makeover is also underway.

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