PESA High Performer Spotlight: Don Bishop, Global Market Manager, Oil & Gas, Oerlikon Metco
What influenced your decision to enter the oil and gas industry? My father spent his career in the oil & gas business, albeit in the downstream retail sector selling finished products for of some of the big names around town and finally with Chevron where he retired so, starting my …
23rd World Petroleum Congress Postponed to December 2021
In light of the consequences of COVID-19 and global market volatility, the 23rd World Petroleum Congress has been postponed to December 5-9 2021, it was announced today by WPC President Tor Fjaeran and the Organizing Committee Chairman, Jeff Shellebarger. The decision from the World Petroleum Council Executive Committee and 23rd …
Chevron Announces $20 Billion Capital and Exploratory Budget for 2020
Chevron Corporation today announced a 2020 organic capital and exploratory spending program of $20 billion. The 2020 budget supports a robust portfolio of upstream and downstream investments, highlighted by Chevron’s world-class Permian Basin position, the company’s major capital project at TCO in Kazakhstan, and an advantaged queue of deepwater opportunities …
Schlumberger, Chevron and Microsoft Announce Collaboration to Accelerate Digital Transformation
Global organizations will work together to accelerate development of cloud-native solutions and deliver actionable data insights for the industry MONACO, September 17, 2019—Tuesday at the SIS Global Forum 2019, Schlumberger, Chevron and Microsoft announced the industry’s first three-party collaboration to accelerate creation of innovative petrotechnical and digital technologies. Data is …
Nur-Sultan Hosts SPEs’ Inaugural HSE Symposium with Opening Keynote Address by the Ministry of Ecology
The Society of Petroleum Engineers (SPE) brings you the first symposium on Caspian Health, Safety, Security, Environment and Social Responsibility taking place in Nur-sultan, Kazakhstan on 24–25 September. Hosted by JSC NC “KazMunayGas” (KMG), the leading oil and gas company in Kazakhstan, it will bring together local, regional and global …
ACG Shareholders Considering Buying Exxon and Chevron Shares
Shareholders of the project for development of Azeri-Chirag-Gunashli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea are considering buying shares held by the U.S. ExxonMobil Corporation and Chevron, Elshad Nasirov vice president for marketing and investment at Azerbaijan’s state oil company SOCAR told Bloomberg. …
Chevron Bets Big On Supergiant Oil Field
Chevron announced last week its capital and exploratory budget for 2019, which sees the first annual increase in spending since the 2014 oil price crash. While most of the investment is geared toward short-cycle projects that could start bringing in cash flows within two years, the U.S. supermajor continues to channel a significant portion …
Chevron Boosts Spending 9% with Focus on Permian, Kazakhstan
Chevron said Thursday it will hike its 2019 capital spending by 9 percent up to $20 billion with major focuses on West Texas’ booming Permian Basin and the massive Tengiz oil field in Kazakhstan. The spending increase comes despite oil prices falling by more than 30 percent since early October …
Chevron to Quit Caspian Field
US major Chevron has told Azeri state-run Socar and PB, operator of the Azeri-Chirag-Guneshli block, that it plans to leave this project in order to focus on its other businesses, an Azerbaijan government source told NGW December 5. Reuters cited industrial sources December 4, who said that both Chevron and Exxon Mobil are seeking to sell …
TCO Reaches Record-High Oil Production in 2017, Seeks to Expand in 2018
ASTANA – Last year was a milestone for Tengizchevroil (TCO), the Chevron-led joint venture operating the Tengiz oil and gas field in Atyrau region, as the company achieved a record-high 28.7 million tonnes in oil production. TCO General Director Ted Etchison reported the 2017 results and plans for 2018 during a …