Technology plays an important role in helping Chevron deliver affordable, reliable energy that fuels human progress and economic growth around the world.
Chevron develops and deploys technology for our global operations through our proprietary solutions, in-house expertise, strategic partnerships and venture capital investments. Our open approach to innovation provides us with continuous access to new ideas and enables Chevron to deliver the right technologies at the right time to meet business needs, which drives growth and efficiency.
The technologies we deploy help us find and commercialize new oil and gas fields cost-effectively and also help us recover more resources from existing fields. They enable us to integrate data and information so that we can manage and develop our global assets efficiently. And they help us advance emerging energy with the goal of developing scalable and economical new resources while reducing our environmental footprint.
Chevron has three technology companies that support our businesses in this effort: Chevron Energy Technology Company, Chevron Information Technology Company and Chevron Technology Ventures. The work that these companies do is integrated across Chevron, ensuring a strong alignment between the technologies we use and our business strategies.
- Chevron Energy Technology develops and manages technology to help find and produce new oil and gas reserves, enhance recovery in existing fields, and optimize productivity of downstream assets.
- Chevron Information Technology supports our entire business by integrating information technologies to connect people, ideas, processes and data. Its applications include "intelligent" oil and gas fields, automation and visualization technologies, and technical networks.
- Chevron Technology Ventures identifies, develops and sponsors emerging energy technologies and helps integrate them into our core businesses. It has invested more than $300 million in startup companies and continues to serve as an on-ramp for promising technologies.
Our Power and Energy Management organization provides comprehensive commercial, engineering and operational support services to improve the power reliability and energy efficiency of Chevron operations worldwide.
Some 2014 Highlights
Chevron is among the leaders in the application of ocean-bottom node and cable sensing technology for deepwater fields in West Africa, Brazil, Indonesia, the United Kingdom and the U.S Gulf of Mexico and projects around the world. This technology improves imaging and enables tracking of fluid migration during field production.
In the deep water, Chevron continues to make advances that enable the company to drill and operate safely and efficiently, with technologies such as long-distance power, high-boost subsea pumping and advanced remote inspection monitoring using remote autonomous vehicles. In 2014, the largest single-phase seabed pump system in the industry was successfully installed to boost well production at the Jack and St. Malo fields in the Gulf of Mexico.
A next-generation multiphase flow meter that provides real-time, accurate estimates of oil production is being developed under the Chevron GE Technology Alliance and the Chevron Los Alamos National Laboratory R&D Alliance. Swept frequency acoustic interferometry (SFAI) technology is expected to cut capital and operating costs by half while decreasing the environmental footprint. In 2014, the SFAI-based flow meter received an R&D 100 Award from R&D Magazine.
The company launched a unique product that enables customers to move to a high-performance heavy-duty motor oil product when encountering stop-and-go operation. This new viscosity grade provides fuel economy performance, oxidation stability and excellent deposit control, improving diesel engine reliability.
Chevron Shipping is an early adopter of ballast water treatment systems, which have been installed on two vessels in operation and are standard for the company's new vessels. A project to install additional systems on more vessels is scheduled to begin in late 2015.
In 2014, Chevron completed upgrades to the photovoltaic demonstration project at Questa, New Mexico. The project continues to test and evaluate solar technologies and has produced 5.4 million kilowatt-hours of renewable energy from its inception in April 2011 through the end of 2014.
We finished construction of a new data center in San Antonio, Texas, in 2014 to accommodate Chevron's growth in data and in computing power needs. Driven by technology advances, this state-of-the-art facility provides increased capacity and scalability while reducing operating costs and improving reliability.
Chevron uses technology to monitor the effects of operations on the environment and the community. For example, we developed and deployed advanced airborne sensors and algorithms to measure methane in the atmosphere. We also deployed wave gliders during dredging operations at the Wheatstone Field in Australia to monitor real-time water data and impact on ocean water quality.
Updated: May 2015