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Tag: Chevron
Chevron

Chevron cuts 2020 capital spending by $4 bn in response to COVID-19 outbreak

Posted: March 26, 2020 at 1:57 pm   /   Oil & Gas

Chevron next to cut spending in response to COVID-19 effects: Chevron Corp. has cut its 2020 capital spending plan by $4 billion, or 20%, to $16 billion, in response to market conditions. Chevron Corp. has cut its 2020 capital spending plan by $4 billion, or 20%, to $16 billion, in response to market conditions. The […]

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WestMed MEES

Egypt agrees with five majors on West Mediterranean exploration

Posted: February 16, 2020 at 2:09 pm   /   Oil & Gas

Egypt agrees with five energy firms on exploration in Mediterranean: minister. Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters in off its western coast on the Mediterranean, the petroleum minister said, the first such deals in that offshore region. The five companies are Royal […]

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Offshore-oil-rig

Egypt’s offshore oil & gas segment poised for growth – O&G Middle East

Posted: February 15, 2020 at 2:16 pm   /   Oil & Gas

After Egypt’s Red Sea exploration bidding round, the country’s offshore segment is ready to boom. At the close of Egypt’s Red Sea bidding round, it is clear that international oil companies see opportunity in the country, and its growth is just beginning to swell. Egypt awarded Shell, Mubadala, and Chevron exploration rights in the Red […]

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chevron

Chevron to be awarded two blocks in Egypt’s Western Mediterranean – MEES

Posted: January 21, 2020 at 4:09 pm   /   Oil & Gas

Chevron To Bag Egypt West Med Blocks As Bidding Canned: MEES learns that Egypt’s oil ministry has cancelled plans to launch a bid round for eight ‘West Med’ blocks. Twelve months on from first announcing the imminent launch of a bid round for eight Western Mediterranean offshore blocks, MEES learns that Cairo has decided it […]

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Red Sea Bid Round Result

Egypt announces Red Sea Offshore Bid Round result, awards 3 blocks

Posted: December 29, 2019 at 7:55 pm   /   Oil & Gas

Egypt’s Minister of Petroleum and Mineral Resources Tarek al-Molla announced on Sunday the results of the first international bid round for oil and gas exploration in the Red Sea, put up for bidding by the South Valley Egyptian Holding Company for Petroleum (Ganope) last March. The American Chevron Corporation won block one, while the Dutch […]

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AI

Schlumberger, Chevron, Microsoft launch AI platform for the oil field

Posted: September 21, 2019 at 3:26 pm   /   Oil & Gas

Schlumberger, Chevron and Microsoft have launched a cloud-based artificial intelligence platform to improve a digital services in the oil field. The companies issued a joint statement from the SIS Global Forum in Monaco announcing the launch of DELFI, a cloud-based platform loaded with software for exploration, development, production, storage tanks and pipeline projects. “Never before […]

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tarek el molla

Tarek El-Molla: The man reviving Egypt's fortunes

Posted: May 24, 2017 at 11:09 pm   /   Oil & Gas

By paying off debt and shaking up the offshore gas sector, former Chevron man Tarek El-Molla is making his mark as oil minister. Egypt’s upstream sector is shining once again after the 2011 revolution unleashed political and financial chaos, forcing international oil companies to put major projects on hold. Much of the kudos for the […]

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Video: Chevron CEO John Watson discusses LNG market on CNBC

Posted: April 22, 2016 at 2:00 pm   /   Oil & Gas

Several of our business leaders attended the 18th International Conference & Exhibition on Liquefied Natural Gas – LNG 18 – in Perth, Australia this week. This year’s conference theme was “the transformation of gas” and Chairman and CEO John Watson delivered an address on the opening day of the event. After his presentation, Watson sat […]

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Video: ‪How Chevron Delivers Liquefied Natural Gas‬

Posted: April 16, 2016 at 2:00 pm   /   Oil & Gas

Natural gas is an important source of energy, but many gas reservoirs are located far from areas that need it. The challenge: How to transport natural gas across the ocean where there are no pipelines? The answer is technology. By liquefying natural gas, it can be shipped safely and efficiently around the world. This video […]

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Video: Using Hydraulic Fracturing and Horizontal Drilling for Natural Gas Production (Chevron)

Posted: April 8, 2016 at 2:00 pm   /   Oil & Gas

Geologists have long known about huge natural gas deposits trapped in shale rock formations, but it is only over the past decade that energy companies have combined two established technologies to unlock this resource. See how Chevron uses horizontal drilling and hydraulic fracturing to safely produce natural gas from shale. For more about Chevron’s shale […]

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