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CHEVRON PRODUCTS

ShipServ’s e-procurement Solutions Expand

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.


South China Sea Energy Exploration by Chevron

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 Strikes Big in Deepwater GOM

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.


Improving Fuel Efficiency and Maintenance Time Within The Chevron Fleet

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


Crowley Christens ATB Innovation

Photo courtesy Crowley Maritime Corp.

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 Opposes Oil Import Duty, Anti-Dumping Petitions

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 Strike Gas Offshore Western Australia

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


Next Generation Deepwater Drillship Starts Work

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).


Chevron Names FPSO Vessel

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 Increases Dividend For 12th Consecutive Year

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.


Flirting with Default, Argentina Enjoys Oil Drilling Boom

  Holders of Argentina's  defaulted debt and their supporters have warned the country risks being frozen out from international capital markets unless it finds a way to solve its legal problems by the July 30 deadline. But away from the bad-tempered litigation in U.S


EMAS AMC Installs 50 Platforms for Chevron

EMAS AMC, the subsea services division of EMAS, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry has achieved the milestone of installing 50 platforms for Chevron in the Gulf of Thailand.


Bibby Ship Management Grows in the Offshore Sector

Mark Robertshaw, Managing Director, Bibby Ship Management – Isle of Man

Bibby Ship Management has secured a contract to supply crew management services for Chevron’s floating storage unit, the Alba-FSU. The crew will provide operating, loading and equipment handling services on the Alba Floating Storage vessel.


Shelf Drilling Sings 5-Yr Contract For 2 Newbuild Jackups

Shelf Drillings contracted Rig

Shelf Drilling, Ltd. today announces that one of its subsidiaries has been awarded contracts for two newbuild jackup rigs by Chevron Thailand, a subsidiary of Chevron Corporation (NYSE : CVX). The two drilling contracts are for a five-year term each and the newbuild rigs are scheduled to commence


Argentina Won Lottery With Vaca Muerta Shale Field - Chevron

Image

  Argentina has won the "geological lottery" with its 1,000-foot-thick Vaca Muerta shale oil and gas field in Patagonia, a spokesman for Chevron said on Thursday, as the U.S. energy giant increases its investments in the country.


Angola LNG to Charter Out Tankers After Pipe Rupture

Angola's new liquefied natural gas (LNG) export project aims to charter out its entire tanker fleet for at least a couple of months after a major rupture on a flare line crippled output at the $10 billion plant last month. The project partners led by U.S


Jones Act Tanker Market to Grow with Oil Production Boom

The Jones Act has been blamed for everything from higher prices of goods and oil to a shortage of rock salt supply in the Northeast during the past winter, but the 94-year-old U.S. federal statute governing the U.S. coastal shipping trades will not be going away anytime soon.


Argentine Province Expects Big Oil To Bid In Shale Block Auction

Neuquen province

  Argentina's Neuquen province expects major global energy companies, including Royal Dutch Shell, Chevron Corp and Exxon Mobil Corp , to bid in a May auction of 11 oil blocks, its energy minister said on Wednesday.


Putin Sees No Need To Sanction West, May Review Energy Ties

Vladimir Putin

  Russian President Vladimir Putin said on Tuesday that Moscow saw no need for counter sanctions against the West, but could reconsider the participation of Western companies in its economy, including energy projects. "We would very much wish not to resort to any measures in response


Salvage of Capsized Rig to Finish by March 2015

Photo courtesy of Saipem

Salvage work to remove a capsized rig lying in shallow waters offshore from Angola's new liquefied natural gas (LNG) export plant should be completed by March 2015, the company in charge of the operation said. The three-legged Perro Negro 6 drilling rig overturned last summer as it was being


Total's Intelligent AUV by 2016

Totals AUV

  To improve the monitoring of subsea installations Total and Chevron have tasked a team of a dozen researchers for building an Autonomous Underwater Vehicle (AUV) by 2016.The intelligent submarine will be capable of inspecting wellheads and pipelines over tens of kilometers, in 3


Chevron Wins A Round In U.S. Suit - Ecuador Case

Chevron

  A federal judge on Friday rejected a bid by a U.S. lawyer to stall the enforcement of a ruling that found he used fraud to secure a $9.5 billion pollution judgment against Chevron Corp in Ecuador. Lawyer Steven Donziger is appealing a 500-page decision issued by U


McDermott Elect G.P. Luquette Board Chairman

Gary P. Luquette: Photo courtesy of Houston Strategy Forum

Provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide, McDermott International, say that Gary P. Luquette has been elected as non-executive Chairman of McDermott’s Board of Directors, effective May 6, 2014.


AMI Launches New Watermarkers Line

Image courtesy Applied Membranes, Inc.

Applied Membranes, Inc. (AMI), an ISO 9001:2008 manufacturer of reverse osmosis systems, membranes and equipment, announced the launch of its new watermarkers product line for the commercial and recreational maritime sector. AMI said it has been building desalination systems as well as


North Sea Crude-Forties eases, VLCC options narrow

Forties trades at parity with dated Brent; Competing Libyan barrels returning to market. Refining margins under pressure as capacity ramps up. North Sea Forties crude differentials eased on Thursday as the market remained sluggish ahead of the long Easter weekend and the window of opportunity






 
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