Home Chevron

Tag: Chevron

Post
Chevron Technology Ventures invests in modular CO₂ capture system

Chevron Technology Ventures invests in modular CO₂ capture system

Carbon Clean Solutions Limited has completed an equity investment of $16 million from three global investors. Company announced that its wholly owned subsidiary Chevron Global Energy Inc. has completed the sell down of its 135 million shares. Company reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against Chevron...

Post
BP’s carbon-neutral pledge puts pressure on Exxon, Chevron

BP’s carbon-neutral pledge puts pressure on Exxon, Chevron

BP’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change. BP set a new ambition to become a net zero company by 2050 or sooner. BP, as operator and on behalf of co-venturer Shell, today announced encouraging early production from the...

Post
Exxon, Chevron disappoint investors in “challenging” market

Exxon, Chevron disappoint investors in “challenging” market

Exxon Mobil and Chevron posted the weakest results in years because of disappointing results in almost all of their business lines. Company announced that it has signed a conditional Share Sale Agreement with Puma Energy Asia Pacific B.V. Company also announced that it has sanctioned the Anchor project in the U.S. Gulf of Mexico. Exxon...

Post
Kuwait to resume oil output in area shared with Saudis by March

Kuwait to resume oil output in area shared with Saudis by March

Kuwait plans to restart oil production by March at the Wafra field that it shares with Saudi Arabia. Kuwait and Ethiopia are in talks to work out an agreement on sending domestic helpers. The Kuwait army has denied claims that recent US air strikes on Iraq were launched from military bases. It more than four...

Post
Chevron Technology Ventures invests in Infinitum Electric as part of its low-carbon initiative

Chevron Technology Ventures invests in Infinitum Electric as part of its low-carbon initiative

Infinitum Electric, a leading motor technology company delivering IoT-enabled electric motors. Company announced a contribution of $100,000 from the Chevron Global Community Fund. Global organizations will work together to accelerate development of cloud-native solutions. A group of Ecuadorian plaintiffs whose litigation against Chevron Corporation has been exposed as a fraud and bribery scheme. Company committed...

Post
Chevron Technology Ventures backs Calgary-based pipeline inspection innovator

Chevron Technology Ventures backs Calgary-based pipeline inspection innovator

A Calgary-based technology company whose Pipers technology is dedicated to the pipeline inspection industry. Company established new goals to reduce net greenhouse gas (GHG) emission intensity. Chevron and Microsoft announced the industry’s first three-party collaboration. Company announced it raised growth capital from Energy Innovation Capital and Chevron Technology Ventures. Company announced the sanction of a...

Post
Chevron wins 90-day Venezuela sanction waiver extension

Chevron wins 90-day Venezuela sanction waiver extension

The Trump administration extended Chevron’s waiver to operate in Venezuela, allowing the second-largest U.S. oil explorer. Company has established new goals to reduce net greenhouse gas (GHG) emission intensity. Chevron U.S.A. Inc. announced it will donate $500,000 to help support local public schools. Company announced the sanction of a waterflood project in the St. Malo...

Post
Chevron sanctions waterflood project to boost St. Malo production

Chevron sanctions waterflood project to boost St. Malo production

Chevron has sanctioned a waterflood project in the St. Malo field. Company announced that it has completed the acquisition from Petrobras America Inc. Strategic fit that enhances Chevron’s advantaged portfolio. Company launched Fund VII, a new $90 million fund established to sustain Chevron’s continued venture capital investment. The application of enabling technology is expected to...

Post
Venezuela importing the most fuel since U.S. sanctions started

Venezuela importing the most fuel since U.S. sanctions started

Venezuela is importing fuel at a rate not seen since the U.S. imposed crippling sanctions on the country. A Chinese contractor has agreed to shore up Venezuela’s derelict refining network to ease fuel shortages. US imposed sanctions on Venezuelan individuals linked to Maduro’s government. US President Donald Trump has signed an executive order imposing an...

Post
McDermott and BHGE awarded contracts for Ichthys Gas Field Development

McDermott and BHGE awarded contracts for Ichthys Gas Field Development

McDermott International and Baker Hughes, a GE company announced contracts to provide a joint URF. The plant utilizes Chevron Lummus Global ISODEWAXING and ISOFINISHING technologies. 34% sequential-quarter increase in backlog to $21 billion, including a record level of $8.9 billion. The award includes technology license, basic engineering, proprietary equipment, training and technical services. It’s located...