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Chevron introduces new category of heavy-duty motor oil for severe duty applications; improved fuel economy

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Chevron Products Company, a Chevron USA Inc. division, maker of the Delo brand of heavy duty engine oils, lubricants and coolants, unveiled a new category of heavy duty motor oil designed to address the growth of severe duty applications in on- and off-highway markets.

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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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Samsung Ventures makes strategic investment in renewable fuels company Raven SR

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In 2021, Raven SR attracted funds totalling $20 million from global oil and gas major Chevron, Japanese trading house ITOCHU, hydrogen mobility leader and innovator Hyzon Motors, and Ascent Hydrogen Fund. Raven SR’s technology is designed to produce more green hydrogen per ton of waste than competing processes.

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GlobalData: best performing wells in Permian break-even at as low as US$22 per barrel

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During the last three years, companies operating in the Permian basin have drilled much longer laterals and used substantially more complex well completion design in their newer wells with the aim of reaching higher initial production (IP) rates. —Svetlana Doh, Oil & Gas Analyst at GlobalData.

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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 However, the n-paraffins in this range have relatively high melting points, which greatly restrict their low-temperature operability.

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Oil Majors Plan New Spill Capture and Containment System for Gulf of Mexico; Initial $1B Investment

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Chevron, ConocoPhillips, ExxonMobil and Shell plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico. The companies have committed $1 billion to fund the initial costs of the system.

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Study finds plausibly high volumes of Canadian oil sands crudes in US refineries in 2025 would lead to modest increases in refinery CO2 emissions

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An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oil sands crudes in US refineries in 2025 would lead to a modest increase in refinery CO 2 emissions (ranging between 5.4% to 9.3%) from a 2010 baseline, depending upon the supply scenario.

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