A fire on Chevron’s Benguela-Belize-Lobito-Tomboco platform off Angola injured 17 people, four seriously. The incident occurred during scheduled maintenance, with the platform shut down since May 1. Chevron’s subsidiary, Cabgoc, is investigating the cause, prioritizing safety, while the platform’s production capacity remains uncertain due to the fire.
The Bureau of Safety and Environmental Enforcement (BSEE) has introduced new regulations for offshore drillers in the U.S., allowing them to operate at extreme underwater pressures and access vast untapped oil reserves. These regulations aim to enhance safety and clarity in the industry as operators shift towards deepwater assets for lower costs and emissions.
Chevron’s new hydraulic fluid, Clarity Bio EliteSyn AW, is a game-changer for the marine and construction industries. With a focus on environmental stewardship, this innovative product meets strict government regulations while offering high performance and renewable carbon content. Chevron’s commitment to sustainability shines through in this fluid, setting a new standard in the industry.
Wärtsilä and Chevron Shipping are collaborating to convert six LNG Carriers to spark gas operation, reducing methane slip and lowering greenhouse gas emissions. This innovative project, the first of its kind in the marine industry, aims to optimize combustion and decrease methane emissions intensity for a more sustainable future in maritime transportation.
Wind-assisted propulsion technology, pioneered on bulkers and tankers, is now advancing to LNG gas carriers in a joint effort by MOL and Chevron. The innovative rigid sail, known as Wind Challenger, promises significant fuel savings without major vessel modifications. Chevron’s upcoming gas carrier will be the first to showcase this cutting-edge technology, with plans for further expansion in the future.
Chevron has launched Clarity Bio EliteSyn AW, a biodegradable hydraulic fluid for marine and construction use. With a TOST life of over 10,000 hours, it exceeds industry standards. The fluid is zinc-free, renewable, and meets environmental regulations. Its high compatibility simplifies equipment transition, reducing downtime. Available in ISO grades 32, 46, and 68, it offers sustainable performance.
Chevron Corp. is relocating its headquarters from California to Houston after facing challenges with the state’s regulations. The move, part of a management restructuring, aims to improve performance. CEO Mike Wirth emphasized the decision wasn’t politically motivated but aimed at enhancing competitiveness. Chevron’s missed earnings estimates further highlight the need for strategic moves.
Chevron Marine Lubricants’ Taro Ultra Advanced 40 has been approved for use with WinGD gas engines, including those running on LNG. The formulation provides enhanced engine protection and robust cylinder lubrication for modern marine engines. This approval highlights the importance of high-quality lubricants in the ever-changing maritime industry.
Three insurance companies reject Chevron’s lawsuit over Iran seizing an oil shipment. The tanker was boarded by the Iranian military in the Gulf of Oman, resulting in the confiscation of the crude oil. Chevron’s $57 million lawsuit was dismissed by Zurich American Insurance, Liberty Mutual Insurance, and Great American Insurance.
