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Chevron Tripling Low-Carbon Spending to Expand Opportunities, Entice New Customers

Chevron Tripling Low-Carbon Spending to Expand Opportunities, Entice New Customers

Using the financial muscle of its global natural gas and oil portfolio, Chevron Corp. is tripling its investments in low-carbon ventures with an eye on becoming a force in renewable fuels, hydrogen, carbon capture and offsets. The nation’s No. 2 oil producer on Tuesday pledged to earmark $10 billion in capital spending for low-carbon opportunities…

September 15, 2021
U.S. RNG Market Expanding as BP, Chevron Snag More Supply Agreements

U.S. RNG Market Expanding as BP, Chevron Snag More Supply Agreements

BP plc has clinched an agreement to purchase a unique blend of renewable natural gas (RNG) initially for customers in California. Maryland-based CleanBay Renewables said it would provide BP with RNG produced from poultry litter, a mixture of manure, feathers and bedding. The biogas is processed into RNG and can be used to fuel vehicles.…

August 24, 2021
Whale of Oil, Gas Reserves Forecast to Flow by 2024 as Shell Sanctions Deepwater GOM Field

Whale of Oil, Gas Reserves Forecast to Flow by 2024 as Shell Sanctions Deepwater GOM Field

Shell Offshore Inc. on Monday pulled the trigger to develop Whale, its 12th deepwater host in the Gulf of Mexico (GOM), which could see peak production of 100,000 boe/d. The Alaminos Canyon field in Block 773, about 200 miles southwest of Houston, was discovered in 2017. The Royal Dutch Shell plc subsidiary operates the field…

July 27, 2021

Chevron Moving Ahead With Gorgon Compression Project — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Chevron Corp. said Friday it would move ahead with a $4 billion project to boost compression from its Jansz-Io field in Australia. The project would take about five years to complete and is aimed at maintaining supplies to the three liquefaction trains at the company’s…

July 2, 2021
Engine No. 1 Looking Beyond ExxonMobil with ETF Launch

Engine No. 1 Looking Beyond ExxonMobil with ETF Launch

The investment group that convinced ExxonMobil shareholders to give it control of three board seats has launched an exchange-traded fund (ETF) as it looks to prod more companies into enhancing their sustainability efforts. The San Francisco-based company debuted the Engine No. 1 Transform 500 ETF (ticker: VOTE) with an initial commitment of $100 million.  ETFs…

June 30, 2021
Chevron Prioritizing ‘Highest Value’ Investments, Pacing Activity to Match Demand

Chevron Prioritizing ‘Highest Value’ Investments, Pacing Activity to Match Demand

Chevron Corp. has regiggered its global natural gas and oil portfolio over the past year, with the priority today going to the “highest value investments,” CFO Pierre Breber said Friday.Breber shared some insight into first quarter performance and the outlook ahead during a conference call. He explained how the San Ramon, CA-based energy major has…

April 30, 2021
Chevron, Toyota Team Up to Develop Viable Businesses in Hydrogen; Shell to Test Fuel for Shipping

Chevron, Toyota Team Up to Develop Viable Businesses in Hydrogen; Shell to Test Fuel for Shipping

Subsidiaries of Chevron U.S.A. Inc. and Toyota Motor Corp. said Wednesday they will join forces to develop “viable” and “large-scale businesses” to capitalize on the ascension of hydrogen as a clean source of fuel, including to meet expected future demand for fuel cell electric vehicles. The energy and auto majors said in a joint release…

April 23, 2021
Chevron Inks Another Deal to Supply LNG in Asia

Chevron Inks Another Deal to Supply LNG in Asia

Chevron Corp. said Wednesday that it has signed a binding sales and purchase agreement (SPA) to supply liquefied natural gas (LNG) to a utility in Hokkaido, Japan, beginning in 2022. Under the deal, affiliate Chevron U.S.A. Inc. would provide 500,000 tons of LNG from 2022 to 2026 to Hokkaido Gas Co. Ltd. With harsh winters,…

April 7, 2021
Chevron Ends Funding for Kitimat LNG; Woodside Looks to Move Ahead

Chevron Ends Funding for Kitimat LNG; Woodside Looks to Move Ahead

The first British Columbia (BC) project in Kitimat to move liquefied natural gas (LNG) exports overseas is no longer on the funding list for Chevron Corp., which has been partnering in the proposal with Australia’s Woodside Energy Ltd. The Kitimat LNG project owner and would-be operator announced a halt to all of its spending on…

March 23, 2021
Chevron Says Gorgon, Wheatstone LNG Facilities Producing Above Capacity, with More Opportunities in Eastern Med

Chevron Says Gorgon, Wheatstone LNG Facilities Producing Above Capacity, with More Opportunities in Eastern Med

Chevron Corp. disclosed this week that both of its liquefied natural gas (LNG) facilities in Australia are producing above their nameplate capacity. The San Ramon, CA-based supermajor has increased the initial capacity of the three-train Gorgon development by 5%, while the capacity at the two-train Wheatstone project has grown to 9% above nameplate. Upstream chief…

March 11, 2021
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