Chevron sanctions fresh deepwater project in Gulf of Mexico

Oil and gas major Chevron has sanctioned the Ballymore project in the deepwater U.S. Gulf of Mexico, with the first oil expected in 2025. The Ballymore project, with a design capacity of 75,000 barrels of crude oil per day, will … Read More

Chevron sees quarterly earnings spike amid higher oil and gas prices

Oil major Chevron booked a significant increase in its quarterly earnings and revenues driven by higher oil and gas prices. Chevron on Friday reported earnings of $6.3 billion for the first quarter of 2022, compared with $1.4 billion in the … Read More

Chevron inks contract for fresh block off Suriname

Suriname’s national oil company Staatsolie and oil major Chevron are expanding their cooperation in shallow offshore Suriname following the signing of a production sharing contract for offshore Block 7. The PSC was signed for this purpose last Tuesday and Staatsolie … Read More

Chevron cleared to start up Gorgon and Jansz feed gas pipeline and wells

Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Chevron’s environment plan for the commissioning, start‐up and operation of the Gorgon and Jansz feed gas pipeline and wells. In August 2021, Chevron submitted the environmental plan covering … Read More

Chevron buys Renewable Energy Group

U.S. energy major Chevron will acquire the outstanding shares of renewable fuels firm Renewable Energy Group for $3.15 billion in cash. Illustration only; Courtesy of Chevron The acquisition combines renewable fuels production of Renewable Energy Group with Chevron’s large manufacturing, … Read More

Chevron books fourth-consecutive quarterly profit

As oil and gas prices increased, U.S. oil and gas major Chevron returned to profit in the fourth quarter of 2021 from a loss in the prior-year period when the pandemic-driven oil and gas market downturn impacted the industry’s performance. … Read More

Chevron orders key Jansz-Io element worth over $500 million from South Korean shipyard

Chevron has ordered a key element for the development of its Jansz-Io project from a South Korean shipyard. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM … Read More

Shelf Drilling bags fresh extensions with Chevron for ops in Gulf of Thailand

Offshore drilling contractor Shelf Drilling has secured long-term contract extensions with Chevron’s subsidiary, Chevron Thailand Exploration and Production, for two jack-up rigs, which will continue operating in the Gulf of Thailand. Shelf Drilling reported on Monday that it has secured … Read More

Chevron shuts down Gorgon LNG Train 3 for repairs

After restarting Train 1 at the Gorgon LNG facility, the Australian unit of U.S. oil major Chevron has temporarily shut down Train 3 for repairs. Courtesy of Chevron The Gorgon LNG Train 3 has a capacity of 5.2 million metric … Read More

Chevron triples capital investment to drive lower carbon ambitions

U.S. oil major Chevron Corporation has revealed plans to triple its total capital investment to $10 billion through 2028, listed its growth targets for renewable fuels, hydrogen, and carbon capture through 2030, and reaffirmed its guidance of $25 billion excess … Read More