1879年にアメリカ合衆国でPacific Coast Oilとして創業し、1900年にStandard Oilに買収され、その一部となった。
分割会社 その後 現在 Standard Oil of Ohio（ソハイオ） BP Standard Oil of Indiana（スタノリンド） アモコ Atlantic & Richfield Atlantic Richfield（ARCO)
Standard Oil of New York（ソコニー） ヴァキュームと合併
エクソンモービル Standard Oil of New Jersey(エッソ) エクソン Standard Oil of California（ソーカル） Gulf Oilと合併
シェブロン Standard Oil of Kentucky ソーカルが買収 Continental Oil (Conoco) Phillipsと統合 コノコフィリップス
Chevron Phillips Chemical はChevronとPhillips Chemical のオレフィン、ポリマー、芳香族部門を統合したもの。
November 9, 2010
Chevron Announces Agreement to Acquire Atlas Energy
Chevron Corporation and Atlas Energy, Inc.announced today that Chevron would acquire Atlas Energy for cash of $3.2 billion and assumed pro forma net debt of approximately $1.1 billion. The acquisition will provide Chevron with an attractive natural gas resource position primarily located in southwestern Pennsylvania's Marcellus Shale. The acquisition is subject to certain Atlas Energy restructuring transactions, approval by Atlas Energy shareholders and regulatory clearance.
"This acquisition is the right opportunity for Chevron," said George L. Kirkland, Chevron Vice Chairman. "We are acquiring a company that has one of the premier acreage positions in the prolific Marcellus. The high quality resource, competitive cost structure in the Marcellus, strong growth potential of the asset base and its proximity to premier natural gas markets make this targeted acquisition a compelling investment for Chevron."
Kirkland also commented: "The Atlas Energy assets further advance Chevron's global shale gas position, complementing the company's recent entrance into shale gas opportunities in Poland, Romania and Canada."
Gary Luquette, Chevron North America Exploration and Production President said, "Atlas Energy brings to us a highly skilled team with strong operating experience and established land management capabilities. This knowledge, together with Chevron's technical expertise and global experience with large scale project developments, will create strong organizational synergies."
Atlas Energy Assets
When the transaction closes, Chevron will gain Atlas Energy's estimated nine trillion cubic feet of natural gas resource, which includes approximately 850 billion cubic feet of proved natural gas reserves with approximately 80 million cubic feet of daily natural gas production. The assets in the Appalachian basin consist of 486,000 net acres of Marcellus Shale; 623,000 net acres of Utica Shale; and a 49 percent interest in Laurel Mountain Midstream, LLC, a joint venture which owns over 1,000 miles of intrastate and natural gas gathering lines servicing the Marcellus. Assets in Michigan include Antrim producing assets and 100,000 net acres of Collingwood/Utica Shale.
Marcellus Joint Venture
In April 2010, Atlas Energy entered a joint venture to develop its Marcellus assets with a wholly owned affiliate of Reliance Industries Limited. Under the agreement, Chevron will assume Atlas Energy's role as operator with 60 percent participation in the Marcellus joint venture, under the original agreement terms between Atlas Energy and Reliance. Reliance will continue to fund 75 percent of the operator's drilling costs, up to $1.4 billion.
2010/4/15 Reliacne Industries、Atlas Energy と組んで Marcellus Shale を開発
Terms of Acquisition
Under the terms of the agreement, Atlas Energy shareholders will receive $38.25 in cash for each share of Atlas Energy stock and a pro-rata distribution of over 41 million units of Atlas Pipeline Holdings, L.P. (NYSE: AHD) following certain restructuring transactions to be completed immediately prior to the merger closing. Based on AHD's most recent closing price on November 8, these units will have a value of $5.09 per Atlas Energy share. In the restructuring transactions, Atlas Energy will:
Goldman, Sachs & Co. is acting as financial advisor to Chevron. Skadden Arps Slate Meagher Flom LLP is acting as legal advisor to Chevron. Jefferies & Company Inc. and Deutsche Bank Securities Inc. are acting as financial advisor to Atlas Energy. Wachtell Lipton Rosen Katz is acting as legal advisor to Atlas Energy.
Chevron will briefly address the acquisition at the upcoming Bank of America / Merrill Lynch 2010 Global Energy Conference on November 11th. The event will be webcast.
About Atlas Energy
Atlas Energy, Inc. is one of the largest independent natural gas producers in the Appalachia and Michigan Basins and a leading developer in the Marcellus Shale in Pennsylvania.
2011/12/7 Chevron Phillips
Chevron Phillips Chemical Announces Completion of Construction at Saudi Polymers Company Manufacturing Facility
Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) congratulates Saudi Polymers Company (SPCo) and its joint venture partner, National Petrochemical Company, on completion of construction of the SPCo joint venture’s manufacturing facility located in Al-Jubail, Saudi Arabia.
Final commissioning and testing activities continue with a priority on ensuring safe and reliable operations. Commercial production is expected in the first quarter of 2012.
The integrated SPCo petrochemicals complex includes world-class operating units that are capable of producing Ethylene (1,165 kmta), Propylene (445 kmta), Polyethylene (1,100 kmta), Polypropylene (400 kmta), Polystyrene (200 kmta) and 1-Hexene (100 kmta). In addition to direct sales in the local Saudi market, the company will serve world markets outside the Kingdom of Saudi Arabia through its exclusive distributor, Gulf Polymers Distribution Company, utilizing Chevron Phillips Chemical’s global marketing network.
SPCo, which began construction in January 2008, has created approximately 950 jobs, with a high percentage being occupied by Saudi nationals.
SPCo is a limited liability company incorporated in the Kingdom of Saudi Arabia that is owned 65 percent by National Petrochemical Company (Petrochem), a joint-stock company incorporated in the Kingdom of Saudi Arabia and 35 percent by Arabian Chevron Phillips Petrochemical Company (ACP), a wholly-owned subsidiary of Chevron Phillips Chemical.
2011/12/14 Chevron Phillips
Chevron Phillips Chemical Advances Plans for USGC Petrochemicals Project
Chevron Phillips Chemical Company LP announced today that it has completed several key elements of the feasibility study announced earlier this year and plans to pursue a project to construct a world-scale ethane cracker and ethylene derivatives facilities in the U.S. Gulf Coast region.
Chevron Phillips Chemical’s existing Cedar Bayou facility in Baytown, Texas, would be the location of the new ethylene unit. The company has executed agreements with Shaw Energy and Chemicals to design a 1.5 million metric tons/year (3.3 billion pounds/year) ethane cracker utilizing proprietary Shaw technology.
Chevron Phillips Chemical’s proprietary technologies would be utilized for the construction of two new polyethylene facilities, each with an annual capacity of 500,000 metric tons (1.1 billion pounds). The new polyethylene units would be located either at the Cedar Bayou facility or a site nearby the Chevron Phillips Chemical Sweeny facility in Old Ocean, Texas. A final site selection decision for these units is anticipated during the first quarter of 2012.
Peter L. Cella, president and chief executive officer, discussed the study’s findings during a presentation today at the Gulf Petrochemicals and Chemicals Association (GPCA) conference in Dubai, United Arab Emirates. He also announced that the Environmental Protection Agency (EPA) greenhouse gas and Texas Commission on Environmental Quality (TCEQ) air permit applications for the new cracker would be filed this week. Cella indicated that the project is on track for final approvals in 2013.
“The owners and management of Chevron Phillips Chemical are pleased to have taken these critical steps, and believe that executing this project will benefit our customers, suppliers, local communities and existing and future employees,” said Cella. “It is our opinion that this project offers unique advantages, including co-location of the cracker with our Cedar Bayou facility and other ancillary assets such as our broad feedstock and ethylene pipeline and storage cavern networks, proximity to the expanding natural gas liquids hub in Mont Belvieu and utilization of proprietary technology to meet the growing demand of our customers.”
If approved, the USGC Petrochemicals Project is expected to create approximately 400 long-term direct jobs and 10,000 engineering and construction jobs. “We are pleased that the development of shale gas resources in the United States has set the stage for major petrochemical investment and job creation in our own backyard,” said Cella.
The estimated completion date for the USGC Petrochemicals Project is 2017.
Chevron Phillips Chemical Announces Study to
Develop World-Scale Ethane Cracker on the U.S. Gulf Coast
Chevron Phillips Chemical Company LP today announced that it is advancing a feasibility study to construct a world-scale ethane cracker and ethylene derivatives at one of its existing facilities in the U.S. Gulf Coast region. The new facility would utilize the advantaged feed sources expected from development of shale gas reserves.
"We are finalizing our evaluation of potential sites and advancing discussions with EPC contractors," said Tim Taylor, COO for Chevron Phillips Chemical. “Our company is already a leading light cracker operator in the U.S. Gulf Coast region and an established supplier of olefins, polyolefins, and alpha olefins globally. Our technology portfolio, organizational capability, integration with our parent companies, and petrochemical infrastructure make us uniquely suited to execute this potential investment.”
"A project of this nature would afford Chevron Phillips Chemical an exciting opportunity to meet growing customer demand while at the same time supporting national, state, and local economies in a very meaningful way,” added Taylor. “We intend to expedite our development decisions to capitalize on the advantaged feedstock position that shale gas resources could bring to the chemical industry in the U.S.” The feasibility study is expected to be complete by the end of 2011.
Chevron Phillips Chemical To Build World’s
Largest On-Purpose 1-Hexene Plant
Chevron Phillips Chemical Company LP will build the world’s largest on-purpose 1-hexene plant capable of producing up to 250,000 metric tons per year at its Cedar Bayou Chemical Complex in Baytown, Texas. Construction is targeted to commence in the first half of 2012, and the project is anticipated to start up during the first quarter of 2014.
The company has executed agreements with S & B Engineers and Constructors, Ltd., to engineer and build the plant utilizing Chevron Phillips Chemical’s proprietary, 2nd generation, on-purpose 1-hexene technology, which produces comonomer grade 1-hexene from ethylene with exceptional product purity.
“Approval of this 1-hexene project represents a significant milestone for our business and it supports our growth strategy as a leader in the production of normal alpha olefins,” said Mitch Eichelberger, general manager of normal alpha olefins and polyalphaolefins for Chevron Phillips Chemical. “Constructing this project is an important step to ensure we meet the growing demand of our global customer base.”
The new 1-hexene unit at the Cedar Bayou facility will enjoy significant advantages in infrastructure, feedstock availability, and operational expertise. 1-hexene is a critical component used in the manufacture of polyethylene, a plastic resin commonly converted into film, pipe, detergent bottles, and food and beverage containers.
The proprietary on-purpose 1-hexene technology is already successfully used at Qatar Chemical Company Ltd.’s (Q-Chem) facility in Mesaieed, Qatar, and will soon be utilized at the Saudi Polymers Company plant in Al Jubail, Saudi Arabia. Both of these facilities are joint ventures of wholly-owned subsidiaries of Chevron Phillips Chemical Company LLC.
Chevron Phillips Chemical 49%
Saudi Polymers 100千トン
Chevron Phillips 35%
National Petrochemical Company (Petrochem) 65%
2013/6/3 Chevron Phillips 他に 2011/12/29 Chevron Phillips Chemical、シェールガス利用で大規模石化計画
Chevron Phillips Chemical Announces Expansion
of Ethylene Production by 200 Million Pounds per Year at its Sweeny Complex in
Old Ocean, Texas
Chevron Phillips Chemical Company LP announced it will expand its ethylene production by 200 million pounds by adding a tenth furnace to ethylene unit 33 at its Sweeny complex in Old Ocean, Texas.
The Company recently received consent to begin construction from the Texas Commission on Environmental Quality (TCEQ). The new furnace will achieve lower emissions and incorporate Best Available Control Technology (BACT). Construction is targeted to commence within the next quarter, with an anticipated startup in 2014.
“This furnace addition will provide additional ethylene supply to meet the growing global demand to better serve our customers and provide additional supply prior to starting up our proposed U.S. Gulf Coast Petrochemicals Project in 2017,” said Dave Smith, olefins & natural gas liquids vice president for Chevron Phillips Chemical. Chevron Phillips Chemical’s U.S. Gulf Coast Petrochemicals Project continues to be on track to build an ethane cracker at its Cedar Bayou plant in Baytown, Texas and two polyethylene units in Old Ocean.
While the additional furnace will not add to the nameplate capacity of the facility, the increased operating factor should result in net increase of 200 million pounds of ethylene availability to provide additional operational flexibility and reliability.
The Sweeny complex is one of the world’s largest single-site ethylene facilities and is capable of producing greater than 11 million pounds of ethylene per day, or roughly 4.1 billion pounds annually. “This project and the proposed addition of the adjacent polyethylene units emphasize the importance of Sweeny in the company’s portfolio,” said Wayne McDowell, Sweeny complex manager. “We are thrilled to produce quality products safely and reliably on an even larger scale.”
Chevron Phillips Chemical Selects Old Ocean, Texas as Location of New Polyethylene Facilities and Executes FEED Contracts for Cracker and Derivatives
Chevron Phillips Chemical Company LP announced today the two polyethylene facilities planned as part of the company’s U.S. Gulf Coast (USGC) Petrochemicals Project, would be located on a site nearby the Chevron Phillips Chemical Sweeny facility in Old Ocean, Texas.
“These polyethylene facilities would be the first ethylene derivative units to be constructed in Old Ocean and as such, they offer an exciting opportunity to our employees, the surrounding Brazoria County community, and those businesses that would service these new facilities,” said Peter L. Cella, president and chief executive officer. “In addition, constructing polyethylene infrastructure at Old Ocean better positions the location for potential future investments. We would like to acknowledge the dedicated efforts of the Brazoria County community leaders whose support for our project was instrumental in the decision to choose Old Ocean.”
In March 2011, Chevron Phillips Chemical announced that it planned to pursue a project to construct a world-scale ethane cracker and ethylene derivatives facilities in the USGC region.
The two new polyethylene facilities would each have an annual capacity of 500,000 metric tons (1.1 billion pounds) and would utilize Chevron Phillips Chemical’s proprietary Loop Slurry Technology.
In addition, the company also announced today that it has executed a Front-End Engineering and Design (FEED) agreement with Jacobs Engineering Group, Inc. to design the polyethylene facilities. Furthermore, the company also announced that it has executed a FEED agreement with Shaw Energy & Chemicals to design the previously announced 1.5 million metric tons/year (3.3 billion pounds/year) ethane cracker that would be located at Chevron Phillips Chemical’s existing Cedar Bayou facility in Baytown, Texas.
“The significant steps taken since our initial announcement of a feasibility study only one year ago reflect a strong endorsement of the USGC Petrochemicals Project by Chevron Phillips Chemical’s owners and management,” said Cella. “We continue to believe that synergy with our existing Gulf Coast operations, proximity to feedstock supply, and application of proprietary technologies uniquely positions our company to capitalize on the opportunity that development of abundant shale resources affords the United States, and in particular the Gulf Coast region. This project would benefit our owners, employees, local communities, customers, and suppliers.”
In total, the USGC Petrochemicals Project is expected to create approximately 400 long-term direct jobs and 10,000 engineering and construction jobs.
The estimated completion date for the USGC Petrochemicals Project is 2017.
1. 契約先： シェブロンフィリップス・ケミカル社(Chevron Phillips Chemical Company LP)
出資比率： シェブロン社(Chevron Corporation) 50%
フィリップス66社(Phillips 66) 50%
2. 建設場所： アメリカ合衆国テキサス州ベイタウン
3. 契約： エチレン製造プラント(150万トン/年)および付帯設備に係る設計、機材調達、建設工事(EPC) 役務
4. 契約形態： ランプサム転換型契約
5. 受注金額： 非公表
2011/12/29 Chevron Phillips Chemical、シェールガス利用で大規模石化計画
当社は、米国大手エンジニアリング会社であるFluor Corporation（本社 米国テキサス州）とジョイントベンチャーを形成(当社がリーダー)し、EPC役務を遂行します。当社は、主に、プロセスプラントの中核設備等を、フルア社は、ユーティリティやオフサイトを主に担当する予定です。エチレン製造プラントのプロセスライセンサーは、仏テクニップ社(旧ショー・ストーン＆ウェブスター社)です。
The Shaw Group Inc. said on August 31, 2012 it has completed the sale of its energy and chemicals business to French oilfield services group Technip for approximately $290 million.
Shaw and Technip announced the deal in May.
Oct. 6, 2014 Chevron
Chevron Announces Sale and Joint Venture
Partnership for Duvernay Shale Assets in Canada with KUFPEC
Initial Results from the Liquids-Rich Formation Encouraging, Additional Appraisal Underway
Chevron Corporation today announced that its indirect, wholly-owned subsidiary, Chevron Canada Limited, has reached agreement to sell a 30 percent interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company's wholly-owned subsidiary, KUFPEC Canada Inc., for $1.5 billion. The total purchase price includes cash paid at closing as well as a carry of a portion of Chevron Canada's share of the joint venture's future capital costs. The Duvernay is located in west-central Alberta, and is believed to be among the most promising shale opportunities in North America.
The agreement creates a partnership for appraisal and development of liquids-rich shale resources in approximately 330,000 net acres in the Kaybob area of the Duvernay.
"This sale demonstrates our focus on strategically managing our portfolio to maximize the value of our global upstream businesses and is consistent with our partnership strategy," said Jay Johnson, senior vice president, Upstream, Chevron Corporation. "The transaction provides us an expanded relationship with a valued partner. It also recognizes the outstanding asset base we have assembled."
Following the closing of the transaction, Chevron Canada will hold a 70 percent interest in the joint venture Duvernay acreage and will remain the operator. The transaction is expected to close in November 2014.
"We remain encouraged by the early results of our exploration program and view the Kaybob Duvernay as an exciting growth opportunity for the company," said Jeff Shellebarger, president of Chevron North America Exploration and Production Company.
Chevron Canada has drilled 16 wells since beginning its exploration program, with initial well production rates of up to 7.5 million cubic feet of natural gas and 1,300 barrels of condensate per day. A pad drilling program recently commenced which is intended to further evaluate and optimize reservoir performance as well as reduce execution costs and cycle time.
KUFPEC Enters World-Class Shale Production in Canada
Kuwait Foreign Petroleum Exploration Company
k.s.c. (KUFPEC) announced today that its wholly-owned subsidiary KUFPEC Canada
Inc. has reached an agreement to create a strategic partnership with Chevron
Canada Limited, a wholly-owned subsidiary of Chevron Corporation, to develop
liquids-rich shale resources in the Duvernay basin in Canada by acquiring a 30%
interest in Chevron’s entire position for US$1.5 billion, some of which will be
paid over time.
The joint venture position consists of approximately 330,000 net acres of Chevron-operated leases in the emerging liquids-rich Kaybob area of the Duvernay play in Alberta. The extensive exploration program completed over the last 5 years has produced encouraging well results. These wells and a growing number of others in the Kaybob area with a high liquids content are comparable to the best in the US Eagle Ford shale play.
As of October 2014, 16 wells have been drilled, and 13 wells completed using multi-stage hydraulic fracturing. 10 wells are currently tied into the extensive local pipeline and processing infrastructure, with initial production rates up to 7.5 million cubic feet of natural gas per day and 1,300 barrels of condensate per day. Chevron has now commenced a full appraisal drilling program which will be conducted between 2014 and 2017. Thereafter, a rolling development is planned, which will see the position developed in phases. KUFPEC estimates that its share of production will contribute materially to its strategic goal of 200,000 boepd.
Commenting on the transaction, KUFPEC Chief
Executive Officer Shaikh Nawaf Saud Nasir Al-Sabah stated: “KUFPEC is delivering
on its strategic targets. This project will provide diversified, material,
long-life reserves, production and upside in a low-risk business environment,
with strong and stable cash flows for decades to come. We are securing the
future of the company.”
This transaction, which will be KUFPEC’s first investment in North America, provides KUFPEC with the opportunity to develop shale technology with a world-class shale operator. Transfer of knowledge and skills to the Kuwaiti oil sector will be driven by Kuwaiti staff working with Chevron on the project in Canada.
The transaction is expected to close during November 2014.
KUFPEC, a wholly-owned subsidiary of Kuwait Petroleum Corporation, is an international petroleum company engaged in the exploration, development, and production of crude oil and natural gas outside the State of Kuwait. It is currently active in 14 countries with 60 projects in the international upstream sector. KUFPEC continues to work aggressively towards meeting its targets and achieving its strategy plans aiming to increase its production to 200,000 BOEPD with reserves of 650 MMBOE by year 2020 while delivering value to the Kuwaiti oil sector.