Oil major Chevron (NYSE:CVX) has announced the start of crude oil and natural gas production from the Chevron-operated Big Foot deepwater project in the U.S. Gulf of Mexico. The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5,200 feet (1,584 m.). The Big Foot field was discovered in 2006 and is estimated to … [Read more...]
Chevron Quits Norway as Wider Retreat Looms From Aging North Sea
By Mikael Holter (Bloomberg) -- Chevron Corp. is selling its last remaining oil exploration license in Norway, putting it one step closer to a full retreat from the aging North Sea basin as the U.S. major seeks higher returns elsewhere. Chevron’s activity off Norway has been limited for years, but the company’s decision to relinquish its last asset in the country again shows … [Read more...]
Deepwater Oil Starting to Hold Its Own With Shale, Chevron Says
By David Wethe (Bloomberg) -- Chevron Corp. is studding the ocean floor with heavy-duty pumping gear as part of an effort to make deepwater oil discoveries competitive with shale. The idea is to force crude from newly drilled wells in the deepest parts of the Gulf of Mexico to flow through miles and miles of pipe to platforms built a decade or more ago, said Jay Johnson, … [Read more...]
Chevron, Shell Both Announce Major Oil Discoveries in Deepwater Gulf of Mexico
Both Chevron and Royal Dutch Shell on Thursday announced major deepwater oil discoveries at two separate wells located in the U.S. Gulf of Mexico. Both finds have been described as being hugely significant. Shell's Whale Discovery First, Shell Offshore said it had encountered more than 1,400 net feet of oil-bearing pay at the Whale deepwater well, which is located … [Read more...]
WHITE PAPER: Chevron Marine Lubricants publishes new technical paper – Methanol and Marine Lubricants in a Lower Sulphur, Lower Emissions Future
Chevron Marine Lubricants, a leading lubrication solutions provider for alternatively fueled vessels and one of the largest suppliers of marine lubricants in the world, today has released the first in a series of new white papers focusing on innovations and developments impacting the fast-changing shipping industry. "Methanol and Marine Lubricants in a Lower Sulphur, Lower … [Read more...]