Chevron Corporation today announced that it had conducted a successful production test on the St. Malo PS003 well in the prolific Lower Tertiary trend in the deepwater Gulf of Mexico. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. The test, in Walker Ridge Block 678, targeted Lower [...]
February 28, 2013 | Posted in
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A Brazilian judge has dismissed criminal lawsuits against Transocean and Chevron, filed on account of the Frade field incident that occurred in November, 2011, Reuters has reported. The Swiss-based drilling contractor Transocean, and the U.S.-based oil company Chevron sent e-mails to the news agency confirming the charges have been dismissed by the ruling of Judge [...]
TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology, has announced that work is underway for Chevron U.S.A. Inc.’s Big Foot offshore facility undersea fiber optic communications system in the deepwater U.S. Gulf of Mexico. Under terms of a contract awarded to TE SubCom in April 2012, the cable [...]
Chevron Corporation today announced the 20th discovery off the Western Australian coast since mid-2009 by its Australian subsidiary following further drilling success in the Exmouth Plateau area, located in the prolific Carnarvon Basin, a premier hydrocarbon basin. The Kentish Knock South-1 exploration discovery well encountered approximately 246 feet (75 meters) of net gas pay in [...]
Chevron Corporation announced today that its Cabinda Gulf Oil Company Limited subsidiary will proceed with the development of the Mafumeira Sul project located offshore Angola. The Mafumeira Sul project offshore Angola involves the design, fabrication and installation of five new platforms. The project highlights a continued effort to expand the capabilities of Angolan fabrication yards, [...]
Chevron Corporation today reported earnings of $7.2 billion for the fourth quarter 2012, compared with $5.1 billion ($2.58 per share – diluted) in the 2011 fourth quarter. Results in the 2012 period included a gain of $1.4 billion from an upstream asset exchange. Full-year 2012 earnings were $26.2 billion ($13.32 per share – diluted), down [...]
AusGroup Limited subsidiary AGC Industries Pty Ltd (“AGC”), a leading Australian based construction and fabrication company announced it has been awarded additional fabrication work to the value of approximately AUD20 million on the Chevron-operated Gorgon Project, taking the total contract value to more than AUD70 million. AGC’s scope of work involves high specification fabrication of [...]
January 25, 2013 | Posted in
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Chevron Corporation announced that its subsidiary, Chevron Morocco Exploration Ltd, signed petroleum agreements with Morocco’s Office National Des Hydrocarbures Et Des Mines for three offshore areas. “We look forward to participating in exploration activities in Morocco, which provides Chevron an opportunity to advance our growth strategy in frontier basins,” said George Kirkland, vice chairman, Chevron [...]
Norway’s Badger Explorer ASA has signed a sponsorship agreement with Chevron Energy Technology Company, a division of Chevron U.S.A. Inc. (“Chevron”), whereby the company will co-sponsor the development of the Badger autonomous drilling tool through the Badger Explorer Demonstrator Program. The objective of the Demonstrator Program is to move Badger technology from the prototype stage [...]
Pulse Structural Monitoring, Inc., an Acteon company and part of its marine electronics, instrumentation and survey business, has won a major contract with Chevron U.S.A. Inc. to provide an integrated monitoring system for the Big Foot extended tension leg platform (ETLP) in the Gulf of Mexico. Monitoring the Big Foot ETLP will require a combination [...]
