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 greenlights $5.6B Mafumeira Sul project offshore Angola

Green Car Congress

Chevron Corporation’s Cabinda Gulf Oil Company Limited subsidiary will proceed with the development of the Mafumeira Sul project located offshore Angola. Located 15 miles (24 km) offshore Cabinda province in 200 feet (60 m) of water, the Mafumeira Sul project is the second stage of development of the Mafumeira Field located in Block 0.

Angola 225
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

UH researchers developing autonomous robot for subsea oil and gas pipeline inspection

Green Car Congress

While most oil spills in US waters are small, spilled crude oil can still cause damage to sensitive areas such as beaches, mangroves and wetlands. Additionally, Chevron, a major oil and gas operator, will evaluate the technology’s future commercialization. When larger spills happen, pipelines are often the culprit.

Oil 221
article thumbnail

Aker Solutions awarded subsea gas compression contract for Jansz-Io

Green Car Congress

Aker Solutions has been awarded a major contract from Chevron Australia Pty Ltd to provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia. The Jansz-Io field is a part of the Chevron-operated Gorgon project, one of the world’s largest natural gas developments. Earlier post.)

Gas 243
article thumbnail

BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

Green Car Congress

working interest) and co-owners, BHP Billiton (23.9%) and Union Oil Company of California, an affiliate of Chevron USA Inc (15.6%), decided to re-evaluate the Mad Dog Phase 2 project after an initial design—pegged at some $20 billion—proved too complex and costly. Oil production is expected to begin in late 2021. Earlier post.).

Mexico 150
article thumbnail

Shell secures C$865M funding for Canadian CO2 storage project; >1M tonnes/yr from oil sands

Green Car Congress

water vessels, the triethylene glycol dehydration unit, and. The Quest Project is being advanced on behalf of the AOSP, a joint venture among Shell Canada (60%) Chevron Canada Limited (20%) and Marathon Oil Canada Corporation (20%). CO 2 injection at Quest. Click to enlarge. Wastewater collected from the amine wash.

Oil-Sands 186