Posts filtered on Tag

chevron

(Carla Gottgens/Bloomberg)

How the European oil industry decided to save the climate

on
As BP Chief Executive Officer Bob Dudley recalls, it all started with himself and his peers from Statoil, Total and Royal Dutch Shell, on stage at the forum debating their response to the climate change challenge.
Chevron's massive deep water offshore platform heads to the Gulf of Mexico. The project was slated to start production this year, but that's been delayed after several subsea installation tendons sustained damage. (Chevron)

Big Oil is paying attention to Chevron’s Big Foot troubles

on
The equipment failure plaguing Chevron’s massive Big Foot project was an unusual fate for a system that’s been commonly used for years to tether massive oil and gas production platforms to the seafloor.
The hull of Chevron's Big Foot oil platform arrived in Texas in March 2013, after a three-month journey from Korea. It is scheduled to begin production in early 2014, 225 miles south of New Orleans, floating in 5,200 feet of water. (Chevron)

Additional tethering failures add to problems plaguing Chevron’s Big Foot project

on
Three more tendons sank to the ocean floor, adding to the problems that Chevron has been working for more than a week to assess. In addition, all six of the massive buoys holding the tendons in place have also sank, including the portion of one that was adrift.
(Lucas Schifres/Bloomberg)

Methane emissions threaten to undermine natural gas offensive

on
Exxon Mobil Corp., Chevron Corp., Royal Dutch Shell Plc, Total SA and BP Plc CEOs spoke in favor of using natural gas that would supplant dirtier coal-fired power. Demand for the energy is seen outpacing oil over the coming decades.
An ethylene unit shown at the Chevron Phillips Chemical Company's Cedar Bayou Plant, 9500 I-10 East, Tuesday, June 5, 2012, in Baytown. ( Melissa Phillip / Houston Chronicle )

Chevron, Phillips 66 joint venture may have a second natural gas “megaproject” in the works

on
The Houston-based company has led a wave of new U.S. facilities that make ethylene, used in plastics to polyester. Plants that use low cost gas from shale formations will help U.S. production of basic chemicals increase for the next four years, starting with a 3.1 percent rise this year and peaking at 6 percent in 2018.
Chevron's massive deep water offshore platform heads to the Gulf of Mexico. The project was slated to start production this year, but that's been delayed after several subsea installation tendons sustained damage. (Chevron)

Chevron’s massive Big Foot project delayed again

on
Production won’t start later this year as planned because the company has to move the platform to sheltered waters while it assesses the problem.
Patrick Pouyanné, CEO of French oil company Total, speaks at the IHS Energy CERAWeek in Houston. (Billy Smith II / Houston Chronicle)

European Big Oil opens schism on climate with U.S. rivals

on
“It’s clear that the subject isn’t viewed in the same way on both sides of the Atlantic,” Total SA Chief Executive Officer Patrick Pouyanne, one of the signatories, said on Monday at a press conference in Paris. “We are working with those who come forward.”
(David Paul Morris/Bloomberg)

Oil’s green investors win Trojan horse victories in board access

on
Investor majorities at 21 energy companies have embraced proxy access this year. Adding Chevron to that group is an important victory for investors such as New York City Comptroller Scott Stringer, who backed the measure as a means of infiltrating corporate boards with green activists.
ExxonMobil Meeting

Big Oil investors give cold shoulder to environmental changes

on
Supporters as diverse as the Sisters of St. Francis of Philadelphia and the As You Sow Foundation say that just having them on the ballot can spur important dialog that can advance their movement.
Chevron's massive deep water offshore platform heads to the Gulf of Mexico. The project was slated to start production this year, but that's been delayed after several subsea installation tendons sustained damage. (Chevron)

Exxon, Chevron clear to bid on Mexican shallow-water blocks

on
Mexico forecasts that the opening of the energy industry will bring in $62.5 billion in private investment by 2018 and increase its annual oil output by 500,000 barrels a day in that time.