Chevron Texaco

Oil transportation via BTC in increased slightly in H1 2018

The volume of oil pumping through the Baku-Tbilisi-Ceyhan (BTC) pipeline in the first half of 2018 amounted to 16 million 552 thousand tons, which is 0.4% higher than the same period of 2017, Inter

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In May oil export via CPC terminal increased by 8.6% - up to 5.3 million tons

In May 2018 the volume of oil exports through the terminal of the Caspian Pipeline Consortium (CPC) increased by 8.6% - to 5.29 million tons compared to the same period of last year.

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Oil production at the ACG block was conducted from 115 wells in 2017

Oil production at the Azeri-Chirag-Guneshli (ACG) block in 2017 was carried out from 115 production wells, the press service of the Azerbaijan International Operating Company (AIOC-operator for the

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Azerbaijan to receive first tranche of the bonus for extension of the development of the Azeri-Chirag-Gunashli oil block as early as 2018

In 2018 Azerbaijan will receive the first tranche of the bonus from a consortium of foreign investors for the extension of the contract for the development of the Azeri-Chirag-Guneshli (ACG) oil fi

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The pumping of Azerbaijani oil via BTC in H1 of the year decreases by 12%.

In H1 2017 the volume of Azerbaijani oil pumping via the Baku-Tbilisi-Ceyhan (BTC) pipeline amounted to 13 million 174,287 tons, which is 11.8% lower than within the same period of the last year, I

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Employees of Statoil, Repsol and Chevron leave Venezuela because of unrest

Many employess of large oil and gas foreign companies have left Venezuela because of the riots - the economic crisis and protest moods forced some companies to take such a step.

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In H1 pumping of Azerbaijani oil via BTC increases by 3%.

In H1 2016 the volume of Azerbaijani oil pumping via the Baku-Tbilisi-Ceyhan (BTC) amounted to 14 million 930.79 thousand tons, which is 2.6% higher than within the same period last year, SOCAR (the State Oil Company of Azerbaijan) informed the agency"Interfax-Azerbaijan".
"In general, since the moment the pipeline entered into operation (on June 4, 2006 - IF) till July 1 of this year the volume of pumping was 307 million 606.179 thousand tons of oil, including in June - 2 million 489.988 thousand tons", - according to SOCAR.

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Consortium, headed by Chevron, to invest up to $37 bln in oil production in Kazakhstan

A consortium led by US Chevron has intended to invest up to $37 billion to increase the oil production at the Tengiz field in Kazakhstan, the Energy Minister Kanat Bozumbayev said in an interview with the WSJ. It will be one of the first major investments in the sector by the major energy company after the collapse of the oil price, begun in 2014. Moreover, according to Rystad Energy, since then and till March 2016 the companies had to postpone or cancel projects for about $270 billion.
The Tengiz field is one of the largest in the world and the main source of the Chevron’s production growth in the coming years. The investments should begin in 2017, the project will create 24 thousand jobs in Kazakhstan, Bozumbayev said. According to him, Chevron’s CEO John Watson recently visited the country and discussed the project with political leaders.

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Lukoil to invest $ 1.5 billion into the project 'West Qurna-2' in Iraq in 2016.

Lukoil’s investment program for the "West Qurna-2" project in Iraq for 2016 is $ 1.5 billion. "Iraq fulfills its obligations - in October, in November and in December, we were given eight tanker positions. Total debt (of Iraq. - "the Kommersant") decreased to $ 1.45 billion. We have $ 6.5 billion invested into this project", - "Interfax" quotes the words of the president of Lukoil Vagit Alekperov. He stated that in H1 2016 the company planned to return the historical costs in Iraq, "the project will go by the means of reinvestment". Vagit Alekperov added that in 2016 drilling on block 10 in Iraq was planned to start, which is located within 100 km of "West Qurna-2".

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Russian oil producers to bid for Norweigan deposits.

Market conditions and sanctions do not interfere there.
"Rosneft" and Lukoil intend to compete for new oil and gas licenses on the Norwegian shelf. Now because of the sectoral sanctions work of oil producers in the Russian Arctic is actually stopped, but it is not prohibited to conduct exploration and production abroad. Thus, Lukoil, deprived according to the Russian law of the right to work on the Arctic shelf in its country, can expect to receive relevant experience in Norway in anticipation of a possible liberalization of access to the shelf in the Russian Federation.

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