Chevron Corporations subsidiary Chevron U.S.A. signed a joint venture agreement with Mercuria Energy Trading (Mercuria) for CNG Fueling Network. Mercuria is one of the worlds largest integrated energy and commodities companies.
- Chevron is building a large-scale, vertically integrated renewable natural gas business in the United States.
- Through its partnerships with Brightmark and California Bioenergy, Chevron is developing projects to produce renewable natural gas from dairy digesters across the country.
- The creation of this joint venture will allow Chevron to rapidly grow its renewable natural gas value chain, complementing its previously announced plan to open more than 30 Chevron-branded CNG stations by 2025.
The prominent deals and agreements by Chevron are featured below:
Sep 2021: Chevron Corporation announced that its subsidiary Chevron?U.S.A. Inc has signed a memorandum of understanding (MOU) with Bunges subsidiary Bunge North America, Inc to proposed 50/50 joint venture for development lower carbon intensity feedstocks.
March 2021: Chevron Technology Ventures (CTV), a unit of Chevron Corporation has announced an investment in Baseload Capital AB, a Sweden-based private investment company. Baseload Capital is a specialized investment entity that funds the deployment of heat power worldwide.
August 2020: Algonquin a North American leader in the generation of renewable energy had 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.
July 2020: Chevron Corporation had signed an 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.
June 2020: Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, announced that it had 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.
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.