Oil and gas giants are looking to sell assets that could fetch a total of $27.5 billion, as they are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, according to energy research firm Rystad Energy.
Chevron Corporation has established new goals to reduce net greenhouse gas (GHG) emission intensity from upstream oil and natural gas. The company aims to cut upstream oil net GHG emission intensity by 5-10% and upstream natural gas net GHG emission intensity by 2-5% from 2016 to 2023.
Enterprise Products Partners and Chevron US. Inc., announced long-term agreements, aiming to support the development of Enterprise’s Sea Port Oil Terminal in the Gulf of Mexico. Enterprise’s SPOT project includes onshore and offshore facilities, such as a fixed platform located around 30 nautical miles off the Brazoria County, Texas.
Israel’s Oil Refineries have delivered its first cargo of compliant 0.5% sulphur content marine fuel, in line with IMO’s upcoming rules. Namely, the 197,000 barrel per day refinery loaded its first 30,000 tonne cargo of the low sulphur fuel. ORL now joins several other refiners that recently developed new marine fuels to comply with the new regulation.
Chevron announced that it will bring an IMO-compliant 0.5% sulphur shipping fuel blend to the market by the end of Q3. As Chevron Fuels Technologist Monique Vermeire commented to Reuters, ‘If the shipping company is willing to try it out now we can make it available, but not for continuous purchase.’
Chevron Marine Lubricants published its new white paper ‘The 2020 Global Sulphur Cap and the role of cylinder oil lubricants’, exploring the impact of vessels burning fuels with differing sulphur contents to heavy sulphur fuel oil cylinder oil use. The paper also provides recommendations from Chevron’s experts on how to manage the transition between cylinder oils pre-and post-2020.
A group of major oil and gas companies have joined forces to establish the first industry blockchain consortium in the United States. The move is aligned with the rising interest on blockchain technology for trade industry in recent years.
US based energy major Chevron has allegedly restarted production from its third liquefaction train at the Gorgon LNG plant on Barrow Island in Western Australia. The unit was brought back online the previous weekend, after an outage that lasted since mid-January when a mechanical issue caused a halt, Reuters reports.
Chevron, a US-based energy company, temporarily halts the third liquefaction train at its Gorgon LNG plant on Barrow Island in Western Australia. The operation was shut down due to a mechanical issue that arose. There are allegations that the mechanical issue is likely due to a heat wave sweeping across Australia, it is not officially confirmed by Chevron, up to now.
UK’s Oil and Gas Authority (OGA) approved, on December 11, Chevron’s field development plan to progress its Captain Enhanced Oil Recovery (EOR) project in the Central North Sea. The installation comprises of a wellhead protector platform (WPP) and bridge linked platform (BLP) connected to a floating production, storage and offloading vessel (FPSO).
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