ACRES: 21000 Acres
COST: 735 $MM
VOLUMES: 450 Mmcfe/d
ACRES: 335000 Acres
COST: 460 $MM
VOLUMES: 13.3 MBOE/d
VOLUMES: 7.5 MBOE/d
ACRES: 66500 Acres
SAN JOSE, Calif., Oct. 29, 2019 /PRNewswire/ -- SunPower (NASDAQ:SPWR) today announced construction is underway on the Lost Hills Solar Project. The 35-megawatt DC (29-megawatt AC) system will feature Performance Series solar panels assembled in Hillsboro, Oregon, and deliver low-carbon electricity to Chevron's (NYSE: CVX) Lost Hills oil field in Kern County, Calif., under a power purchase agreement. Over the project's term of up to 20 years, it is estimated to produce more than 1.4 billion kilowatt hours of clean solar energy, thereby reducing carbon dioxide (CO2) emissions by approximately 1 million metric tons. This is equivalent to offsetting the CO2 emissions of 118,550 homes' energy use for one year.
"For over 140 years, Chevron has delivered the energy that improves lives and enables human progress," said Allen Satterwhite, President, Chevron Pipeline & Power. "As global demand for energy continues to grow, we are committed to supporting affordable, reliable, ever-cleaner energy and to exploring increased use of renewables in support of our business. Advancing economically viable renewable energy projects which scale is part of the equation and this project represents a meaningful step in our energy journey."
The Lost Hills Oil Field has been a source of energy since it was discovered in 1910, producing more than 460 million barrels of oil equivalent over the past 40 years. Once complete in early 2020, the solar project is expected to provide power to the Lost Hills production and processing facilities and offices, meeting approximately 80 percent of its energy needs. Goldman Sachs Renewable Power (GSRP) will own the system and Chevron will receive environmental credits under the state of California's Low Carbon Fuel Standard (LCFS) program.
"Companies across industries are looking for solutions to a low carbon footprint, and the Chevron project is one more example of how organizations and influencers across industries and geographies are moving the world toward a new energy future," said Nam Nguyen, SunPower executive vice president, commercial solar. "We commend Chevron for its vision and commitment to reducing its carbon footprint and are excited to partner with Chevron to deploy SunPower's industry-leading solar solutions to this unique Lost Hills project."
SunPower is currently the No. 1 commercial solar provider in the U.S. for the second consecutive year with the most megawatts installed, according to Wood Mackenzie. For more information on why SunPower is an ideal energy partner for businesses, visit www.sunpower.com/commercial.
About SunPower
As one of the world's most innovative and sustainable energy companies, SunPower (NASDAQ:SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.
About GSAM Renewable Power Group
The Goldman Sachs Asset Management (GSAM) Renewable Power Group is comprised of investment professionals with leading industry expertise across transaction sourcing, financial analysis, power markets and physical asset analysis and operations. The team takes a long-term ownership approach to the operations and management of renewable assets and benefits from Goldman Sachs' extensive network of relationships, leading institutional infrastructure and in-house industry knowledge and experience. The group is part of GSAM, one of the world's leading asset managers with more than $1 trillion in assets under supervision globally as of June 30, 2019.
SunPower's Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding project plans and timelines, projected energy output, and product performance. These forward-looking statements are based on our current assumptions, expectations, and beliefs and involve substantial risks and uncertainties that may cause results, performance, or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: regulatory changes and the availability of economic incentives promoting use of solar energy, challenges inherent in constructing certain of our large projects, and fluctuations or declines in the performance of our solar panels and other products and solutions. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at https://investors.sunpower.com . All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.
© 2019 SunPower Corporation. All Rights Reserved. SUNPOWER and the SUNPOWER logo are registered trademarks of SunPower Corporation in the U.S. and other countries as well.
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SOURCE SunPower Corp.
HOUSTON, May 9, 2019 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced that it has entered into a definitive merger agreement with Occidental Petroleum Corporation under which Occidental will acquire all of the outstanding shares of Anadarko for consideration consisting of $59.00 in cash and 0.2934 of a share of Occidental common stock per share of Anadarko common stock.
Anadarko also announced that prior to entering into the merger agreement with Occidental, the Company terminated its previously announced merger agreement with Chevron Corporation (NYSE: CVX). In accordance with the terms of that agreement, Anadarko has paid a termination fee of $1 billion to Chevron.
Al Walker, Chairman and Chief Executive Officer of Anadarko, commented, "We are pleased to have reached an agreement with Occidental that delivers significant, near-term value to our shareholders. Anadarko's employees have strategically assembled a premier portfolio of world-class assets, and this transaction would not have been possible without our board's leadership over the past several months. We are proud of the substantial premium we have delivered to our shareholders and look forward to working with Occidental to ensure a smooth transition."
The transaction is expected to close in the second half of 2019, subject to approval by Anadarko shareholders, regulatory approvals and other customary closing conditions. Occidental has obtained committed financing for the entire cash portion of the aggregate transaction, and completion of the transaction will not require or be conditioned upon the receipt of any vote or other approval by Occidental's stockholders.
Goldman Sachs & Co. LLC, Evercore, and Jefferies LLC are acting as financial advisors to Anadarko. Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Anadarko.
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Important Information For Investors And Stockholders
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. In connection with the potential transaction, Occidental expects to file a registration statement on Form S-4 with the Securities and Exchange Commission ("SEC") containing a preliminary prospectus of Occidental that also constitutes a preliminary proxy statement of Anadarko. After the registration statement is declared effective Anadarko will mail a definitive proxy statement/prospectus to stockholders of Anadarko. This communication is not a substitute for the proxy statement/prospectus or registration statement or for any other document that Occidental or Anadarko may file with the SEC and send to Anadarko's stockholders in connection with the potential transaction. INVESTORS AND SECURITY HOLDERS OF OCCIDENTAL AND ANADARKO ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the proxy statement/prospectus (when available) and other documents filed with the SEC by Occidental or Anadarko through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Occidental will be available free of charge on Occidental's website at http://www.oxy.com/investors and copies of the documents filed with the SEC by Anadarko will be available free of charge on Anadarko's website at http://investors.anadarko.com.
Occidental and Anadarko and certain of their respective directors, certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the potential transaction under the rules of the SEC. Information about the directors and executive officers of Occidental is set forth in its Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 21, 2019, and its proxy statement for its 2019 annual meeting of stockholders, which was filed with the SEC on March 28, 2019. Information about the directors and executive officers of Anadarko is set forth in its Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 14, 2019, and its proxy statement for its 2019 annual meeting of stockholders, which was filed with the SEC on March 29, 2019. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of such participants in the solicitation of proxies in respect of the potential transaction will be included in the registration statement and proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.
Cautionary Statement Regarding Forward-Looking Information
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this communication, including regarding the proposed transaction. These include the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed transaction that could reduce anticipated benefits or cause the parties to abandon the proposed transaction, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, the possibility that stockholders of Anadarko may not adopt the merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Anadarko's common stock or Occidental's common stock, the risk of any unexpected costs or expenses resulting from the proposed transaction, the risk of any litigation relating to the proposed transaction, the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Anadarko or Occidental to retain customers and retain and hire key personnel and maintain relationships with their suppliers, customers and other business relationships and on their operating results and businesses generally, the risk the pending proposed transaction could distract management of both entities and they will incur substantial costs, the risk that problems may arise in successfully integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected, the risk that the combined company may be unable to achieve synergies or other anticipated benefits of the proposed transaction or it may take longer than expected to achieve those synergies or benefits and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond Anadarko's control. Additional factors that could cause results to differ materially from those described above can be found in Anadarko's most recent Annual Report on Form 10-K, as it may be updated from time to time by quarterly reports on Form 10-Q and current reports on Form 8-K all of which are available on Anadarko's website at http://investors.anadarko.com/sec-filings and on the SEC's website at http://www.sec.gov, and in Occidental's most recent Annual Report on Form 10-K, as it may be updated from time to time by quarterly reports on Form 10-Q and current reports on Form 8-K all of which are available on Occidental's website at http://www.oxy.com/investors and on the SEC's website at http://www.sec.gov.
Anadarko Contacts
INVESTORS:
Mike Pearl, mike.pearl@anadarko.com, 832.636.3271
Kyle Deakins, kyle.deakins@anadarko.com, 832.636.2354
Jon VandenBrand, jon.vandenbrand@anadarko.com, 832.636.1007
Arthur Crozier / Larry Miller
Innisfree M&A Incorporated
212-750-5833
MEDIA:
John Christiansen, john.christiansen@anadarko.com, 832.636.8736
Stephanie Moreland, stephanie.moreland@anadarko.com, 832.636.2912
Matthew Sherman / Dan Katcher / Scott Bisang / Matt Gross
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
View original content:http://www.prnewswire.com/news-releases/anadarko-agrees-to-be-acquired-by-occidental-300847771.html
SOURCE Anadarko Petroleum Corporation
SAN RAMON, Calif., May 1, 2019 /PRNewswire/ -- Leading marine business journal Boating Industry magazine today recognized Techron® Protection Plus Marine Fuel System Treatment with a "2019 Top Products" award. Hand-picked by the editorial staff of Boating Industry from among hundreds of nominations, this coveted award is bestowed annually to 50 products that stand out for the innovation, uniqueness and benefits they bring to boaters and the industry. Products and services entered for consideration come from every segment of the industry ranging from boats and engines to electronics, accessories, apps and more.
Following extended development and testing, Techron Marine was launched in August of 2018 as a comprehensive new fuel system treatment formulated specifically for gasoline-powered boats. Its exclusive alcohol and emulsifier-free formula doesn't contribute to water uptake and provides boaters with superior protection and performance, along with the proven engine cleaning power of the Techron brand. Techron Marine also stabilizes fuel for up to 24 months, so the same treatment boaters use with every fill-up can provide extended protection during winter storage or other periods of non-use.
"Our extensive industry research identified gaps in the performance of the marine fuel additives in the market compared to the standard of performance that is needed out of a fuel additive — we developed our formula to exceed this standard," said Joe DeFina, Chevron's Fuel Additives Global Brand Manager for Techron. "When you consider the stressful engine run cycles, the harsh operating environment, E10 fuel and the intermittent use that is typical with boats, it was clear there was a need for a new, comprehensive solution. The rapid market response to our company's first marine-specific fuel treatment and the positive feedback we've already received from boating enthusiasts, the marine press and the industry has been very encouraging. We are extremely honored to receive this award from Boating Industry."
Techron Marine is available for purchase at WestMarine and AutoZone stores nationwide and on WestMarine.com, WestMarinePro.com, AutoZone.com, AutoZonePro.com, Walmart.com and Amazon.com.
About Chevron Products Company
Chevron Products Company is a division of an indirect, wholly owned subsidiary of Chevron Corporation (NYSE: CVX) headquartered in San Ramon, CA. A full line of lubrication and coolant products are marketed through this organization. Select brands include Havoline®, Delo®, Techron® and Havoline xpress lube®. Chevron Intellectual Property LLC owns patented technology in advanced lubricants products, new generation base oil technology and coolants.
For more information go to: www.TechronClean.com.
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SOURCE Chevron Products Company
HOUSTON, April 24, 2019 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today confirmed that it has received an unsolicited proposal from Occidental Petroleum Corporation (NYSE: OXY) on April 24, 2019 under which Anadarko shareholders would receive $38.00 in cash and 0.6094 shares of Occidental common stock for each share of Anadarko common stock.
As previously announced on April 12, 2019, following unanimous approval from the Company's board of directors, Anadarko entered into a definitive agreement (the "Chevron Merger Agreement") with Chevron Corporation (NYSE: CVX) under which a wholly owned subsidiary of Chevron would acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share.
In accordance with the terms of the Chevron Merger Agreement, and in consultation with its financial and legal advisors, Anadarko's board of directors will carefully review Occidental's proposal to determine the course of action that it believes is in the best interest of the Company's stockholders. The Anadarko board has not made any determination as to whether Occidental's proposal constitutes, or could reasonably be expected to result in, a superior proposal under the terms of the Chevron Merger Agreement. The Anadarko board expects to respond to Occidental's proposal upon completing its review, and accordingly reaffirms its existing recommendation of the transaction with Chevron at this time.
Anadarko stockholders are advised to take no action at this time.
Evercore and Goldman Sachs & Co. LLC are acting as financial advisors to Anadarko. Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Anadarko.
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Important Information For Investors And Stockholders
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. In connection with the potential transaction, Chevron expects to file a registration statement on Form S-4 with the Securities and Exchange Commission ("SEC") containing a preliminary prospectus of Chevron that also constitutes a preliminary proxy statement of Anadarko. After the registration statement is declared effective Anadarko will mail a definitive proxy statement/prospectus to stockholders of Anadarko. This communication is not a substitute for the proxy statement/prospectus or registration statement or for any other document that Chevron or Anadarko may file with the SEC and send to Anadarko's stockholders in connection with the potential transaction. INVESTORS AND SECURITY HOLDERS OF CHEVRON AND ANADARKO ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the proxy statement/prospectus (when available) and other documents filed with the SEC by Chevron or Anadarko through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Chevron will be available free of charge on Chevron's website at http://www.chevron.com/investors and copies of the documents filed with the SEC by Anadarko will be available free of charge on Anadarko's website at http://investors.anadarko.com.
Chevron and Anadarko and certain of their respective directors, certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the potential transaction under the rules of the SEC. Information about the directors and executive officers of Chevron is set forth in its Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 22, 2019, and its proxy statement for its 2019 annual meeting of stockholders, which was filed with the SEC on April 15, 2019. Information about the directors and executive officers of Anadarko is set forth in its Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 14, 2019, and its proxy statement for its 2019 annual meeting of stockholders, which was filed with the SEC on March 29, 2019. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of such participants in the solicitation of proxies in respect of the potential transaction will be included in the registration statement and proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.
Cautionary Statement Regarding Forward-Looking Information
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including regarding the proposed transaction. These include the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed transaction that could reduce anticipated benefits or cause the parties to abandon the proposed transaction, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, the possibility that stockholders of Anadarko may not adopt the merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Anadarko's common stock or Chevron's common stock, the risk of any unexpected costs or expenses resulting from the proposed transaction, the risk of any litigation relating to the proposed transaction, the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Anadarko or Chevron to retain customers and retain and hire key personnel and maintain relationships with their suppliers, customers and other business relationships and on their operating results and businesses generally, the risk the pending proposed transaction could distract management of both entities and they will incur substantial costs, the risk that problems may arise in successfully integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected, the risk that the combined company may be unable to achieve synergies or other anticipated benefits of the proposed transaction or it may take longer than expected to achieve those synergies or benefits and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond Anadarko's control. Additional factors that could cause results to differ materially from those described above can be found in Anadarko's most recent Annual Report on Form 10-K, as it may be updated from time to time by quarterly reports on Form 10-Q and current reports on Form 8-K all of which are available on Anadarko's website at http://investors.anadarko.com/sec-filings and on the SEC's website at http://www.sec.gov, and in Chevron's most recent Annual Report on Form 10-K, as it may be updated from time to time by quarterly reports on Form 10-Q and current reports on Form 8-K all of which are available on Chevron's website at https://www.chevron.com/investors/financial-information#secfilings and on the SEC's website at http://www.sec.gov.
Anadarko Contacts
INVESTORS:
Mike Pearl, mike.pearl@anadarko.com, 832.636.3271
Andy Taylor, andy.taylor@anadarko.com, 832.636.3089
Jon VandenBrand, jon.vandenbrand@anadarko.com, 832.636.1007
MEDIA:
John Christiansen, john.christiansen@anadarko.com, 832.636.8736
Stephanie Moreland, stephanie.moreland@anadarko.com, 832.636.2912
Joele Frank, Wilkinson Brimmer Katcher
Matthew Sherman / Dan Katcher / Scott Bisang / Matt Gross
212-355-4449
View original content:http://www.prnewswire.com/news-releases/anadarko-confirms-receipt-of-unsolicited-proposal-from-occidental-300837617.html
SOURCE Anadarko Petroleum Corporation
SAN DIEGO, April 12, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Anadarko Petroleum Corporation (NYSE: APC) ("Anadarko") breached their fiduciary duties in connection with the proposed sale of the Company to Chevron Corporation (NYSE: CVX)
On April 12, 2019, Anadarko announced that it had signed a definitive merger agreement with Chevron. Under the terms of the merger agreement, Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each Anadarko share. Based on Chevron's closing price on April 11, 2019 the deal is valued at $65 per share. However, shareholders will be subject to the future price fluctuation of Chevron 's stock price.
The investigation concerns whether the Anadarko board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Anadarko shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given analysts' projections for future earnings growth, also one Wall Street analyst has a $80.00 price target on the stock.
If you are a shareholder of Anadarko and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
Additionally, you can [Click here to join this action]. There is no cost or obligation to you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP
SAN RAMON, Calif., Aug. 15, 2018 /PRNewswire/ -- Chevron Products Company, a leading provider of premium aftermarket fuel additives, engine oils, lubricants, coolants and related products, today introduced its new Techron Marine Fuel System Treatment formulated specifically for gasoline-powered boats and the harsh marine environment.
Following extended development and testing, new Techron® Protection Plus Marine Fuel System Treatment is now available for wholesale orders and will be offered to the boating public August 2018. Contact your Chevron representative for order details. Its proprietary alcohol and emulsifier-free formula does not contribute to water uptake and provides boaters with superior protection and performance, along with enhanced fuel stabilization and the proven cleaning power of the Techron brand. Techron Marine delivers worry-free boating enjoyment all season long and maximum confidence during extended periods of non-use.
Techron Marine can be used in boats powered by all inboard, outboard and sterndrive gasoline engines, including two-stroke, four-stroke, carbureted, port or electronic fuel-injected and direct-injected engines. It is ideal for use with ethanol-free gasoline or a wide range of ethanol-blended fuels from E10 to E85.
While Techron Marine stabilizes fuel up to an impressive 24 months – it is not just a storage product. This breakthrough additive formulation delivers performance benefits with every use, providing complete fuel system protection – and it won't contribute to phase separation. Test data has shown that Techron Marine provides 'best-in-class' corrosion protection in both fresh and saltwater environments, making it an ideal choice for inland boaters, inshore and offshore anglers, cruising sail boaters and others who pursue their passion on the water.
This powerful new additive also delivers advanced cleaning power long known of the Techron brand, further benefitting boaters by restoring power and performance and optimizing fuel efficiency by cleaning fuel injectors, throttle bodies, carburetors and combustion chambers. It cleans intake valve deposits in port fuel injected engines, for smoother idling and enhanced throttle response. This exclusive cleaning power also helps minimize cold start problems, while preventing and removing gum and varnish in the fuel system. For maximum effectiveness, the proprietary Techron formula begins to clean up the fuel system and engine with the first application, then keeps it clean as the boat is fueled up, re-treated and operated throughout the boating season.
"Our industry research identified gaps in the performance of marine fuel additives currently on the market and indicated a strong need for a new solution. We formulated a more comprehensive, high-performance fuel additive; combining best-in-class protection with the cleaning power of the Techron brand. Techron Marine Fuel System Treatment was specifically engineered and tested to deliver maximum protection for the harsh environment that boats operate in, the demanding engine cycles common in recreational boating, and the way boats are stored for extended periods of time," said Joe DeFina, Chevron's North America Fuel Additives Business Manager.
With only 1 oz. of this formula required to treat 10 gallons of fuel, a little protection goes a long way. Techron Marine is offered in three package sizes to accommodate the needs of different types of boaters, distributors, dealerships and marinas. Easily stored 4 oz. bottles are a convenient way for boaters to treat up to 40 gallons of fuel. Owners of larger boats and/or higher horsepower engines can treat up to 100 gallons of fuel with the 10 oz. bottle. And for the most active boating enthusiasts, Techron Marine is also offered in a value size 128 oz. bottle that treats 1,280 gallons of fuel. This new fuel additive will be offered to boaters through West Marine and other boating products retailers nationwide. For the latest availability, visit techronclean.com.
About Chevron Products Company
Chevron Products Company is a division of an indirect, wholly owned subsidiary of Chevron Corporation (NYSE: CVX) headquartered in San Ramon, CA. A full line of lubrication and coolant products are marketed through this organization. Select brands include Havoline®, Delo® Techron® and Havoline Xpress Lube®. Chevron Intellectual Property LLC owns patented technology in advanced lubricants products, new generation base oil technology and coolants.
For more information go to: www.ChevronLubricants.com
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SOURCE Chevron Products Company
BAAR, Switzerland, Nov. 3, 2016 /PRNewswire/ -- Weatherford International plc (NYSE: WFT) and Chevron Thailand Exploration and Production, Ltd., a subsidiary of Chevron Corporation (NYSE: CVX), today announced the successful inaugural runs of the HeatWave™ Extreme (HEX) triple-combo logging-while-drilling (LWD) tool string.
The first run was completed on September 6, 2016, on a well in the Gulf of Thailand with a measured depth of more than 14,000 ft and a maximum circulating temperature of 388°F (198°C). The HEX triple-combo LWD string delivered a complete suite of measurements while drilling. The technology has since been run on nine more wells, with zero downhole nonproductive time recorded. Further deployments are planned.
The HEX triple-combo technology was jointly developed by Weatherford and Chevron Thailand as part of the second phase of the HEX project, which was first announced in November 2015. Following the successful deployment of the phase-one HEX service — and recognition at the 2015 SPE Thailand E&P Annual Awards Program — the team turned its focus to applying the high-temperature technology to the full suite of triple-combo LWD measurements.
"The results achieved with the HEX technology to date demonstrate the magnitude of progress that can be achieved through close collaboration between an operator and a service company," said Etienne Roux, Vice President of Drilling Services at Weatherford. "In order to drive a step change in efficiency and maximize productivity in the most challenging environments, companies must work together and remain focused on engineering solutions."
About Weatherford
Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 100 countries and has a network of approximately 1,000 locations, including manufacturing, service, research and development, and training facilities and employs approximately 31,000 people. For more information, visit www.weatherford.com and connect with Weatherford on LinkedIn, Twitter, YouTube and Facebook.
Weatherford Contacts
Krishna Shivram
Executive Vice President and Chief Financial Officer
+1.713.836.4610
Karen David-Green
Vice President – Investor Relations, Corporate Marketing and Communications
+1.713.836.7430
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SOURCE Weatherford International plc
Alder Crude Oil Field (subscriber access)
Status: (subscriber access)
Parent Entities:
ConocoPhillips Company
Chevron North Sea Limited
Alen Natural Gas Development Project (Equatorial Guinea) (subscriber access)
Status: (subscriber access)
Parent Entities:
Noble Energy, Inc.
Glencore PLC
Gunvor SA
GEPetrol
Angola LNG Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Angola LNG
Ballymore Deepwater Offshore Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron USA Inc.
TotalEnergies
Beringen PAO Unit Addition - CPChem (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Phillips Chemical Company LLC
CPChem Old Ocean 1-Hexane Facility (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Phillips Chemical Company LLC
Cedar Bayou C3 Splitter Unit (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Phillips Chemical Company LLC
Cedar Bayou Ethane Cracker (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Corporation
Phillips 66
Chevron Phillips Chemical Company LLC
Chevon Phillips Cedar Bayou PAO Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Phillips Chemical Company LLC
Chevron Kern River Eastridge Cogeneration Plant (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Corporation
Chevron Richmond Refinery Modernization Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Corporation
Chevron Salt Lake Refinery Alkylation Retrofit (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Corporation
Chuandongbei Train 3 (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Corporation
Delaware Crossing Gathering System (subscriber access)
Status: (subscriber access)
Parent Entities:
Noble Midstream Partners
EPIC Crude Pipeline (subscriber access)
Status: (subscriber access)
Parent Entities:
EPIC Crude Oil Pipeline
Noble Midstream Partners
Kinetik Holdings Inc.
Rattler Midstream LLC
EPIC NGL Pipeline Phase 1 (subscriber access)
Status: (subscriber access)
Parent Entities:
EPIC Y Grade Pipeline, LP
Noble Midstream Partners
Salt Creek Midstream, LLC
EPIC NGL Pipeline Phase 2 (subscriber access)
Status: (subscriber access)
Parent Entities:
EPIC Y Grade Pipeline, LP
Noble Midstream Partners
Salt Creek Midstream, LLC
EPIC NGL Pipeline Phase 3 (subscriber access)
Status: (subscriber access)
Parent Entities:
EPIC Y Grade Pipeline, LP
Noble Midstream Partners
Salt Creek Midstream, LLC
Equatorial Guinea Regional Gas Mega Hub (GMH) (subscriber access)
Parent Entities:
Noble Energy, Inc.
Marathon Oil Corporation
Equatorial Guinea Regional Gas Mega Hub (GMH). (subscriber access)
Parent Entities:
Noble Energy, Inc.
Marathon Oil Corporation
Golden Triangle Polymers Polyethylene Plant (subscriber access)
Status: (subscriber access)
Parent Entities:
Qatar Energy
Chevron Phillips Chemical Company LLC
Golden Triangle Polymers
Helios Renewable Natural Gas Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Brightmark RNG Holdings LLC
Leviathan FLNG Facility (subscriber access)
Status: (subscriber access)
Parent Entities:
Delek Group
Noble Energy, Inc.
Leviathan Phase I Development (subscriber access)
Status: (subscriber access)
Parent Entities:
Noble Energy, Inc.
Delek Drilling LP
Avner Oil & Gas Exploration L.P.
Ratio Oil Exploration (1992) Limited Partnership
Mad Dog Expansion Project (subscriber access)
Status: (subscriber access)
Parent Entities:
BP PLC
Chevron Corporation
Union Oil Company of California
BHP Billiton Limited
Mafumeira Sul Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Corporation
Group Sonangol
TotalEnergies
Eni SpA
Cabinda Oil and Gas Company
Noble Advantage Pipeline Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Trinity River DevCo LP
Noble Midstream Partners
Old Ocean Polyethylene Unit (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Phillips Chemical Company LLC
Salt Creek/Noble Midstream Delaware Basin Pipeline (subscriber access)
Status: (subscriber access)
Parent Entities:
Salt Creek Midstream, LLC
Noble Midstream Partners
Delaware Crossing LLC
Soyo LNG Export Terminal (subscriber access)
Status: (subscriber access)
Parent Entities:
Soyo LNG Consortium
Stampede Deepwater Development (subscriber access)
Status: (subscriber access)
Parent Entities:
Hess Corporation
Equinor ASA
Union Oil Company of California
Nexen Energy ULC
Tessenderlo Plant Expansion (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Phillips Chemical Company LLC
U.K. North Sea Rosebank Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Suncor Energy Inc.
OMV AG
Chevron North Sea Limited
DONG Energy
U.S. Gulf Coast II Petrochemical Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Chevron Phillips Chemical Company LLC
Qatar Energy
Whale Offshore Development (subscriber access)
Parent Entities:
Shell Offshore Inc
Chevron USA Inc.
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