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Private Equity Firms Double down on Venari's Offshore Drilling

August 13, 2014

Gulf of Mexico deepwater oil explorer Venari Resources LLC said on Wednesday it had raised $1.3 billion from original backers Warburg Pincus LLC, Kelso & Co, the Jordan Company and Temasek Holdings, as well as new investors. GIC, Singapore's sovereign wealth fund…

Chevron’s Pascagoula Refinery Starts Production

July 21, 2014

Pascagoula, Mississippi facility positions Chevron to be the world's largest producer of premium base oil Chevron Corporation subsidiary Chevron U.S.A. Inc. announced that it has begun commercial production of premium base oils from a newly…

Alfa Laval’s Paved Way For Environmental Solutions

July 10, 2014

Alfa Laval claims a place as one of today’s environmental frontrunners among marine equipment suppliers. The company’s Pure Thinking portfolio comprises not only compliant solutions for the broadest range of environmental legislation, but also…

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Shelf Drilling Sings 5-Yr Contract For 2 Newbuild Jackups

May 27, 2014

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…

McDermott Elect G.P. Luquette Board Chairman

April 23, 2014

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.

Chevron, YPF Continue Development of Vaca Muerta Shale in Argentina

April 11, 2014

Chevron Corporation (NYSE: CVX) today confirmed that subsidiaries of the company have    signed agreements with the Argentine oil company YPF S.A. to continue development of shale oil and gas resources from the    Vaca Muerta formation located in the Neuquén province in Argentina.

Six Mile Deep GoM Oil Strike

March 26, 2013

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…

South China Sea Energy Exploration by Chevron

January 17, 2013

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 Strike Gas Offshore Western Australia

December 27, 2012

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.

Pacific Drilling Charters Out 'Pacific Khamsin'

November 16, 2012

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.

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