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Chevron, YPF sign to develop Vaca Muerta Shale; initial outlays of $1.2B

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A subsidiary of Chevron Corporation signed an agreement with affiliates of the Argentine oil company YPF S.A. that furthers the development of shale oil and gas resources from the Vaca Muerta formation located in the Neuquén province. Earlier post.) The agreement calls for initial outlays of approximately $1.24

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Chevron suspends current and future drilling operations offshore Brazil

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Chevron Corporation reported that while its subsidiary, Chevron Brasil Upstream Frade Ltda., Source: Chevron. Chevron says the suspension of the drilling operations has no impact on its current production in the Frade field or on other Frade field operations. Drilling schematic. Click to enlarge.

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Chevron sanctions $4B Big Foot Project in the deepwater Gulf of Mexico

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Chevron Corporation has sanctioned development of its $4-billion Big Foot project in the deepwater US Gulf of Mexico. Big Foot will be Chevron’s sixth operated facility in the deepwater Gulf of Mexico and located approximately 225 miles (360 km) south of New Orleans, Louisiana, in water depths of 5,200 feet (1,600 m).

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Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico

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Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion. Malo production facility operated by Chevron USA Inc.

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NREL/Chevron team characterizes chemical composition and properties of renewable diesels derived from FT, hydrotreating, and fermentation of sugar

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A team from the US National Renewable Energy Laboratory (NREL) and Chevron Corporation has examined the chemical composition and properties of several diesel fuels and blendstocks derived from Fischer?Tropsch hydroisomerized camelina oil. hydroisomerized algal oil. hydroisomerized algal oil. Despite this trade-o?,

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

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The carbon capture process at the Scotford oil sands upgrader will capture about 35% of emissions. The signing of the funding agreement was announced as part of an event marking the earlier start-up of Shell’s 100,000-barrel-per-day expansion of its Athabasca Oil Sands Project (AOSP), bringing total capacity to 255,000 barrels per day.

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US DRIVE releases 2012 technical accomplishments report: vehicles, fuels and crosscutting research

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five energy companies—BP America, Chevron Corporation, Phillips 66 Company, ExxonMobil Corporation, and Shell Oil Products US; two electric utilities—DTE Energy and Southern California Edison; and the Electric Power Research Institute. Russian engineer)!).

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