downstream

Chevron announces $26.6 billion 2016 capital, exploratory budget

$11 billion for current major capital projects, $3 billion for exploratory projects awaiting approval SAN RAMON, Calif. – Chevron Corporation today announced a $26.6 billion capital and exploratory investment program for 2016. Included in the 2016 program are $4.5 billion of planned expenditures by affiliates. The 2016 budget is 24% lower than total expected investments for 2015.

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Ohio shale shows economic benefits beyond drilling, producing – study

“The intent of the research team is to provide current and transparent data in one place showing the wide range of opportunities that shale hydrocarbons may present to Ohio” A new report on the economic development opportunities offered by Ohio shale shows that shale development may present new business and job opportunities beyond traditional exploration

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Open season begins for 164-mile Delta pipeline, terminal near Orla, Texas

Delta pipeline will provide shippers access to markets including El Paso, Midland, Cushing, Houston, Corpus Christi. Houston-based Crestwood Equity Partners LP has announced a non-binding open season to seek shipper support for the Delta pipeline, a 164-mile crude oil and condensate pipeline header system originating at a new terminal to be built near Orla, TX (located in Reeves County). The Delta

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