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The Permian Basin is driving U.S. oil and gas production growth for Chevron Corp., helped by low development costs, substantial efficiency improvements and low carbon intensity, management said Friday. CFO Pierre Breber and Executive Vice President of Upstream Jay Johnson hosted a conference call to discuss the San Ramon, CA-based major’s second quarter earnings.  Amid…

As Egypt’s role as an option for sending more natural gas to Europe solidifies, the country’s petroleum ministry has announced a new tentative partnership with Chevron Corp. to explore ways to boost its liquefied natural gas (LNG) exports. In a memorandum of understanding (MOU) announced by Egypt’s Ministry of Oil and Mineral Resources, Chevron and…

Cheniere Energy Inc. said Wednesday it made a positive final investment decision (FID) to expand its Corpus Christi liquefied natural gas (LNG) export terminal in South Texas.  The project would add seven midscale liquefaction trains and 10 million metric tons/year (mmty) of capacity at the facility as global demand for LNG surges. “Reaching FID on…

A Chevron Corp. subsidiary has inked an agreement to supply Walmart Inc. with compressed natural gas (CNG) linked to renewable natural gas (RNG) production. Beginning in early 2023, Walmart plans to add Cummins Inc.’s 15-liter CNG-fired engines to some of its heavy-duty trucks as part of the multinational retail corporation’s goal to achieve zero emissions…

Chevron Corp. is expanding its reach into capturing and storing carbon emissions across its global businesses, with one endeavor trained in Central California. Chevron U.S.A. Inc., through the Chevron New Energies division, is advancing a carbon capture and storage (CCS) project in the San Joaquin Valley (SJV) at the  Kern River Eastridge cogeneration plant in…

The Ballymore oil and natural gas project in the deepwater Gulf of Mexico (GOM), which would be developed using a three-mile subsea tieback to reduce costs, has gotten a thumb’s up to proceed.  The Mississippi Canyon prospect, with design capacity of 75,000 b/d of crude oil, would be tied back to the Chevron-operated Blind Faith…

Talos Energy Inc. and Carbonvert Inc. are in talks with Chevron Corp. to join them in advancing a carbon capture hub southeast of Houston near the massive petrochemical complex. Houston-based Talos, whose upstream exploration is focused in the Gulf of Mexico, is developing several carbon capture, sequestration and utilization (CCUS) projects for the Gulf Coast.…

The sharp upturn in energy demand, which has escalated since Russia invaded Ukraine, has created a big opening for Chevron Corp. to ramp up once again in the massive Permian Basin and ponder whether it’s time to invest in U.S. liquefied natural gas (LNG), CEO Mike Wirth said Friday. In sharing the 1Q2022 results, Wirth…

U.S. oil and natural gas producers don’t set global commodity prices, nor are they attempting to gouge consumers, executives of the leading domestic explorers told Congress on Wednesday. Top executives of BP America Inc., Chevron Corp., Devon Energy Corp., ExxonMobil, Pioneer Natural Resources Co. and Shell USA Inc. discussed the reasons for sustained high prices…