Costs For Tengiz Increased By Another $1.5 Billion
The operator of the project for the development of the Kazakh Tengiz field, American Chevron, has again increased the amount of necessary investments in the expansion of the project. The cost of expanding production at the giant Tengiz oil field in Kazakhstan has increased by another $1.5 billion, Bloomberg writes, …
Chevron Resumes Drilling In Key Venezuelan Oil Field
American Chevron Corp. has resumed drilling at an untapped deposit in Venezuela in a bid to boost output as Washington threatens to tighten its grip on the sanctions-hit country. Bloomberg reports this. Petroindependencia project According to sources familiar with the situation, work on the Petroindependencia field in the Orinoco Belt, …
The Venezuelan Parliament Extended The Work of Two Joint Ventures PDVSA And Chevron
Another 17 joint ventures with the Venezuelan state oil company are in line to extend their work. Deputies of the Venezuelan National Assembly voted to extend the life of two joint ventures (JVs) between the national oil company PDVSA and the American Chevron. The agreement will be extended for 15 …
Indonesia Approves Rokan Block Development Plan
Indonesia has approved a development plan for the Rokan block, which involves increasing oil recovery by displacing oil with steam. Reuters reports this. Let us recall that steam displacement of oil is a method of enhanced oil recovery (EOR) of formations, the most common when displacing high-viscosity oil. The volume …
American Oil and Gas Companies are Leaving Europe and Africa
ExxonMobil and Chevron are increasing investment in the United States, are interested in Latin America, but are leaving European and African assets ExxonMobil and Chevron are increasing their presence in the United States through large acquisitions of American companies operating in the United States. Corporations are also increasing their capital …
Israel Orders Chevron to Close Tamar Offshore Gas Field
Israel’s Energy Ministry has instructed Chevron to close the Tamar offshore natural gas field off the country’s northern coast, a company spokesman told Reuters. “The Israeli Ministry of Energy has instructed Chevron Mediterranean Limited to cease production at the Tamar field,” the agency quoted a representative as saying. However, the material …
American Chevron is Ready to Drill New Wells in Venezuela
The American company wants to increase production in the Latin American country by another 65,000 bpd by the end of 2024 Currently, Chevron and Venezuela’s PDVSA together produce about 135,000 b/d. Washington’s permission to operate an American company in Venezuela is gradually raising the country’s oil production from its knees. …
Cyprus Rejects Chevron’s Aphrodite Project
The island nation’s government has rejected a plan submitted by a Chevron-led consortium to develop a gas field that could be connected to a facility in Egypt. “Now the parties involved can enter into negotiations to reach an agreement within 30 days,” the Cypriot Energy Minister said, without specifying why …
Chevron Evacuates Personnel from Offshore Platforms in the Gulf of Mexico
American Chevron evacuated personnel from 3 oil production platforms in the Gulf of Mexico in the United States ahead of Hurricane Idalia. This was reported by the press service of the company. According to the National Hurricane Center (NHC, US National Hurricane Center), Tropical Storm Idalia, which is approaching the …
American Chevron increases gas production capacity in Australia
American oil and gas company Chevron is increasing gas production capacity in Western Australia, according to a company press release. “Gas production capacity in Western Australia is growing as a result of technical improvements … aimed at increasing the level of production of Wheatstone gas near the city of Onslow,” …