Algonquin a North American leader in the generation of renewable energy has announced an agreement with Chevron U.S.A Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation to co-develop renewable power projects in the USA.
- The new power projects will provide electricity to strategic assets across Chevron’s global portfolio.
- As per deal Chevron plans to generate more than 500 megawatts (MW) of its existing and future electricity demand from renewable sources.
- Chevron will purchase electricity from the jointly owned projects through power purchase agreements
- The agreed projects will be focused on powering Chevron’s operations in the U.S. Permian Basin (TX and NM), Argentina, Kazakhstan and Western Australia.In July 2020: Chevron Corporation has entered into a definitive agreement with Noble Energy, Inc. to acquire all of the outstanding shares of Noble for approximately $5 billion. Noble Energy brings low-capital, cash-generating offshore assets in Israel after completion of transaction.
In June 2020, Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd. The acquisition adds a network of more than 360 company-owned and retailer-owned service stations, a commercial and industrial fuels business, owned or leased seaboard import terminals and fuel distribution depots to Chevrons Australian portfolio.
In December 2019, Chevron Corporation announced that it had sanctioned the Anchor project in the U.S. Gulf of Mexico. This marks the industrys first deepwater high-pressure development to achieve a final investment decision. Delivery of the new technology, which is capable of handling pressures of 20,000 psi, also enables access to other high-pressure resource opportunities across the Gulf of Mexico for Chevron and the industry.
Chevron Corporation, headquartered in San Ramon, the USA, is one of the worlds leading integrated energy companies. The company explores, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives.