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Private Equity Firms Double down on Venari's Offshore Drilling
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
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
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…
Shelf Drilling Sings 5-Yr Contract For 2 Newbuild Jackups
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
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
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
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
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
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'
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.