Curtailment (electricity)

Pavilion Energy, QatarEnergy and Chevron Launch GHG Reporting Methodology for Delivered LNG Cargoes

Retrieved on: 
Wednesday, November 17, 2021
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Ltd.1 (Pavilion Energy), QatarEnergy and Chevron U.S.A. Inc (Singapore branch) (Chevron) (NYSE: CVX) today announced they have jointly published a quantification and reporting methodology to produce a statement of greenhouse gas emissions (SGE) for delivered LNG cargoes.

Key Points: 
  • Ltd.1 (Pavilion Energy), QatarEnergy and Chevron U.S.A. Inc (Singapore branch) (Chevron) (NYSE: CVX) today announced they have jointly published a quantification and reporting methodology to produce a statement of greenhouse gas emissions (SGE) for delivered LNG cargoes.
  • Intended for wide adoption, the methodology provides a calculation and reporting framework for greenhouse gas (GHG) emissions from wellhead-to-discharge terminal, based on industry standards.
  • The SGE Methodology was developed by a team of technical specialists representing Pavilion Energy, QatarEnergy and Chevron, supported by global sustainability consultancy Environmental Resources Management (ERM).
  • We share a common and decisive vision with QatarEnergy and Chevron to advocate for transparency and accuracy of GHG emissions associated with delivered LNG cargoes, said Alan Heng, Interim Group CEO of Pavilion Energy.

HollyFrontier Closes Acquisition of Puget Sound Refinery

Retrieved on: 
Monday, November 1, 2021
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Mike Jennings, President and CEO of HollyFrontier commented, The Puget Sound Refinery has a strong record of financial and operational performance that we believe will complement our existing refining business.

Key Points: 
  • Mike Jennings, President and CEO of HollyFrontier commented, The Puget Sound Refinery has a strong record of financial and operational performance that we believe will complement our existing refining business.
  • The refinery supplies transportation fuels into the premium Pacific Northwest region and sources advantaged Canadian crude, further enhancing our refining asset base.
  • We are committed to the continued safe and environmentally responsible operations of the facility and welcome Puget Sounds highly skilled workforce to the HollyFrontier family.
  • The Puget Sound Refinery is strategically located on approximately 850 acres in Anacortes, Washington, approximately 80 miles north of Seattle and 90 miles south of Vancouver.

Brightmark, Chevron Announce First Renewable Natural Gas at Lawnhurst Farms

Retrieved on: 
Monday, November 1, 2021
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The previously announced partnership owns project companies across the United States to produce and market dairy biomethane, a renewable natural gas (RNG).

Key Points: 
  • The previously announced partnership owns project companies across the United States to produce and market dairy biomethane, a renewable natural gas (RNG).
  • "Achieving first gas at Lawnhurst Farms is a tremendous milestone not only for the Lawnhurst Project, but also for Brightmark's RNG production ambitions as a whole," said Bob Powell, founder and chief executive officer of Brightmark.
  • First gas at the Lawnhurst site is the first of many milestones we expect in our partnership with Brightmark, supporting our commitment to meet customers growing demand for renewable products.
  • Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.

Norsk Hydro: Third quarter 2021 - Records results, 2021 improvement target delivered

Retrieved on: 
Tuesday, October 26, 2021
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I am happy to see our organization delivering record quarter results in a strong aluminium market and reaching our full-year improvement target already during third quarter.

Key Points: 
  • I am happy to see our organization delivering record quarter results in a strong aluminium market and reaching our full-year improvement target already during third quarter.
  • As a result, global inventories were reduced during the quarter, and the primary aluminium market for 2021 is expected to be in a deficit.
  • Hydro reached its 2021 improvement target of NOK 5.1 billion already during the third quarter.
  • Compared to the second quarter 2021, Hydros adjusted EBITDA increased from NOK 6,598 million to NOK 7,219 million in the third quarter 2021.

Chevron Announces Upsizing and Results of its Note Tender Offers

Retrieved on: 
Monday, October 11, 2021
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Interest will cease to accrue on the Initial Settlement Date for all Notes accepted in the Offers, including those tendered through the Guaranteed Delivery Procedures.

Key Points: 
  • Interest will cease to accrue on the Initial Settlement Date for all Notes accepted in the Offers, including those tendered through the Guaranteed Delivery Procedures.
  • King & Co, Inc. acted as the Tender Agent and the Information Agent for the Offers.
  • You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.
  • Unless legally required, Chevron undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Chevron Announces Pricing Terms of its Note Tender Offers

Retrieved on: 
Friday, October 8, 2021
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The Initial Settlement Date will be the first business day after the Expiration Date and is expected to be October 12, 2021.

Key Points: 
  • The Initial Settlement Date will be the first business day after the Expiration Date and is expected to be October 12, 2021.
  • Each of the Initial Settlement Date and the Guaranteed Delivery Settlement Date is herein referred to as a Settlement Date.
  • Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.
  • Unless legally required, Chevron undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Chevron Announces $2 Billion Note Tender Offers

Retrieved on: 
Monday, October 4, 2021
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The tender offers are subject to the satisfaction of these conditions and certain other conditions.

Key Points: 
  • The tender offers are subject to the satisfaction of these conditions and certain other conditions.
  • The tender offers are not conditioned on the tender of a minimum principal amount of notes.
  • King & Co, Inc. will act as the Tender Agent and the Information Agent for the Offers.
  • Unless legally required, Chevron undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Chevron Announces Leadership Changes

Retrieved on: 
Thursday, September 30, 2021
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Chevron Corporation (NYSE: CVX) today named Marissa Badenhorst vice president of Health, Safety and Environment, effective January 1, 2022.

Key Points: 
  • Chevron Corporation (NYSE: CVX) today named Marissa Badenhorst vice president of Health, Safety and Environment, effective January 1, 2022.
  • She will report to Eimear Bonner, Chevron vice president, chief technology officer.
  • During Marissas time leading Enterprise Process Safety, weve seen record high safety performance at Chevron, said Bonner.
  • Im truly grateful to Dave for his decades of leadership and his commitment to the health and welfare of all his Chevron colleagues, Bonner added.

Chevron Accelerates Lower Carbon Ambitions

Retrieved on: 
Tuesday, September 14, 2021
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During its Energy Transition Spotlight, Chevron Corporation (NYSE: CVX) announced plans to invest more capital to grow lower carbon energy businesses.

Key Points: 
  • During its Energy Transition Spotlight, Chevron Corporation (NYSE: CVX) announced plans to invest more capital to grow lower carbon energy businesses.
  • Chevron intends to be a leader in advancing a lower carbon future, said Michael Wirth, Chevrons chairman and CEO.
  • Renewable fuels, hydrogen and carbon capture target customers such as airlines, transport companies and industrial producers, said Jeff Gustavson, president of Chevron New Energies.
  • These sectors of the economy are not easily electrified, and customers are seeking lower carbon fuels and other solutions to reduce carbon emissions.

Chevron, Enterprise Explore Carbon Storage Business Opportunities

Retrieved on: 
Monday, September 13, 2021
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The companies expect the initial phase of the study in which they will evaluate specific business opportunities to last about six months.

Key Points: 
  • The companies expect the initial phase of the study in which they will evaluate specific business opportunities to last about six months.
  • International climate change scientists working with the United Nations have identified carbon capture as a critical technology needed to help the global energy system transition to a lower carbon future.
  • The companies have successfully worked together on prior business opportunities and believe they bring complementary capabilities to successfully pursue CCUS.
  • Projects resulting from the evaluation would seek to combine Enterprises extensive midstream pipeline and storage network with Chevrons sub-surface expertise to create opportunities to capture, aggregate, transport and sequester carbon dioxide in support of the evolving energy landscape.