ShipServ announced that Chevron Shipping Company and Seabulk International have contracted to conduct their procurement business via ShipServ’s TradeNet trading platform. ShipServ established a foothold in North America, by adding a number of blue chip clients and breaking into new sectors such as LNG, cruise ships etc. Chevron Shipping, San Ramon, California, signed on its tanker fleet currently at 25 ships, including the, Northwest Swan, an LNG vessel operated by an affiliate of Chevron Shipping on behalf of the North West Shelf Venture Gas Project. Seabulk International, Fort Lauderdale, Florida, who operate one of the largest USA tanker fleets, will use TradeNet for all purchasing for their fleet of ten petroleum product and chemical tankers. “Chevron Shipping and Seabulk, together with other ShipServ TradeNet Members Keystone, OSG, Fairmont and Tycom, make for a real blue-chip presence in the American shipping markets. We have also made inroads into the cruise industry.” comments Peder Arstorp, Director of Sales, Americas, the most recent addition to the US operations.
Chevron Corporation's China subsidiary signs production sharing contracts for exploration blocks in the Pearl River Estuary, South China Sea. Chevron's agreement is with China National Offshore Oil Corporation (CNOOC). Under the PSC agreements, Chevron China Energy Company will hold a 100 percent interest in blocks 15/10 and 15/28 in the Pearl River Mouth Basin. During the exploration phase Chevron China Energy Company will be the operator of the two shallow water blocks
Chevron Corporation reported that it has completed a record setting production test on the Jack #2 well at Walker Ridge Block 758 in the U.S. Gulf of Mexico. The Jack well was completed and tested in 7,000 ft. of water, and more than 20,000 ft. under the sea floor, breaking Chevron's 2004 Tahiti well test record as the deepest successful well test in the Gulf of Mexico. The Jack #2 well was drilled to a total depth of 28,175 ft.
Live water systems free of sea life are one reason why the Chevron fleet runs more efficiently and economically than others. Since 1995, a number of Chevron Shipping Company's crude oil tankers have been operating smoothly with electrochlorination systems, the generators of hypochlorite that in turn prevent the fouling of live water cooling systems. Hypochlorite is the active ingredient required for bio-fouling control
Chevron has reaffirmed its opposition to the anti-dumping and countervailing duty petitions filed against imports of crude oil from Mexico, Venezuela, Saudi Arabia and Iraq. The company's position was presented in a second letter from Chevron Chairman Kenneth Derr to the U.S. Department of Commerce. A coalition of independent oil producers petitioned the Department of Commerce to determine whether Mexico, Venezuela, Saudi Arabia and Iraq are illegally "dumping" crude oil into the U.S
Chevron's Floating Production Storage and Offloading Vessel (FPSO) Kuito was officially named at a ceremony in Singapore recently. Named after the field discovered by Chevron in 1997, Kuito is an intricate portion of plans for the first development of Block 14, a 1,560 sq. mile area located next to another Chevron operated concession, Block 0. After commissioning, Kuito will depart for the western coast of Africa where it will be spread moored in water depths of approximately 1,260 ft
Chevron commences operations with drillship, 'Pacific Santa Ana', in deepwater, Gulf of Mexico Chevron Corporation announced that the Pacific Santa Ana, a deepwater drillship built to Chevron's specifications, has arrived in the Gulf of Mexico to work for Chevron under a five-year contract with a subsidiary of Pacific Drilling S.A. It is the first drillship designed with the capacity to perform dual gradient drilling (DGD).
Natural gas deposits discovered in two locations by Chevron Australia's deepwater drilling exploration program in the Carnarvon Basin. The Pinhoe-1 exploration discovery well encountered approximately 197 feet (60 meters) of net gas pay in the Barrow and Mungaroo Sands. Pinhoe-1 is located in the WA-383-P permit area, located approximately 124 miles (200 kilometers) north of Exmouth off the Western Australia coast. The well was drilled in 3
Crowley Maritime Corporation christened the ninth in a series of 10 new 185,000 barrel ATBs at the VT Halter Marine shipyard in Pascagoula. The Innovation and barge 650-9 will be chartered to Chevron, to safely transport petroleum products throughout the Gulf of Mexico. During the ceremony, Joan Pennella, wife of Crowley Vice Chairman and Executive Vice President Bill Pennella, christened the 10,728-horsepower tug Innovation; while Lynn Brewer, wife of Burl Brewer
Chevron Corp. today declared a quarterly dividend of $.65 per share, payable December 10 to stockholders of record Nov. 19. The dividend rate increased $.14 per share - or 6.6 percent - over the preceding quarter.
A support vessel capsized and sank during a tanker loading operation at a Single Mooring Buoy roughly 30 kilometers offshore in Nigeria’s Escravos area. Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture, has confirmed that the vessel Jascon #4 belonging to its
Wärtsilä was contracted to supply its Direct Electric Heating (Wärtsilä DEH) system for Chevron Overseas Congo Limited's Lianzi offshore development project, located off the Republic of Congo and Angolan coasts. The 9,000-kW system will be used to heat the 43-km subsea
Subsea 7 takes Nexans DEH system deeper than ever before for Chevron’s Lianzi project off SW Africa. The Lianzi development (located in a unitized offshore zone between the Republic of Congo and the Republic of Angola) will include the world’s deepest installation of a Direct
TE SubCom contracted by Chevron to connect the Jack & St. Malo offshore facility with an undersea fiber optic communications system in the deepwater U.S. Gulf of Mexico. Jack & St. Malo fields are located approximately 280 miles south of New Orleans, LA in water depths of 7,000 feet
Chevron Corporation has announced an oil discovery at the Coronado prospect in the deepwater U.S. Gulf of Mexico. The Walker Ridge Block 98 Well No. 1 encountered more than 400 feet (122 m) of net pay. The well is located approximately 190 miles (308 km) off the Louisiana coast in 6,127 feet (1
Bunker Holding is pleased to announce that as from 1 January 2013 Linda Goh has been appointed as Regional Credit Manager - Asia. Linda has more than 14 years of experience in credit management and analysis in the Asian and global markets, whereof 12 years with Chevron.
Responders continued to monitor and prepare salvage, firefighting and pollution contingencies for a tug and barge that allided with a pipeline near Bayou Perot 30 miles south of New Orleans Wednesday. All crew members were able to exit the tug; the captain reportedly suffered second to
Responders prepare salvage, firefighting & pollution contingencies for a tug and barge that allided with a pipeline near Bayou Pero, south of New Orleans. The fire reportedly has reduced in size by approximately 30 percent, and there are no reports of oil in the water
Western Gulf of Mexico Lease Sale Yields $133.8 Million in High Bids on Over 652,520 Acres, Only Latest in a Series of Recent Major Offshore Oil and Gas Sales. As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy
Pacific Drilling's ultra-deepwater drillship the 'Pacific Khamsin' contracted by a subsidiary of Chevron Corporation for operations in West Africa. The minimum duration of the contract is for an initial two-year term, with contract commencement expected by end of the third quarter of 2013
Petrobras files writ of mandamus against an injunction suspending Transocean's activities in waters offshore Brazil. (Mandamus is an extraordinary writ commanding an official to perform a ministerial act that the law recognizes as an absolute duty and not a matter for the official's discretion
Substantial charter agreement for Solstad's offshore Derrick Lay Barge (DLB) "Norce Endeavour" by Australia's Leighton Contractors. DLB "Norce Endeavour" will work at the Gorgon LNG Jetty and Marine Structures on Barrow Island, Western Australia.
Maersk Drilling takes the first challenging step into deepwater drilling in West Africa, 'Maersk Deliverer' voted 'Rig of the Month'. Maersk Drilling has entered Angola for the first time and after only one full month in operation for Cabinda Gulf Oil Company Limited
Chevron Corp. announce its subsidiary will develop Lianzi field in the Republics of Congo & Angola untized offshore zone. The field is located 65 miles (105 km) offshore in approximately 3,000 feet (900 meters) of water. The $2 billion development will include a subsea
Chevron issues interim update for second quarter 2012 with earnings expected to be higher than in the first quarter Upstream results are projected to be lower between sequential quarters, due to lower average crude oil prices, partially offset by foreign exchange gains.