highlights of operations
In the Netherlands, Chevron is funding research in the industrial, heavy duty, consumer and marine segments. We conduct business under our subsidiaries Chevron Netherlands B.V., Chevron B.V. and Chevron Oronite Technology B.V.
Rotterdam is the global technology center for marine lubricant additives research for our Chevron Oronite subsidiary. The laboratory also is responsible for engine oil additive development for the Europe, Africa and Middle East region.
Chevron manufactures lubricants in neighboring Ghent, Belgium, and an experienced sales force sells lubricants to customers in the Netherlands, direct and through a network of distributors. We also sell marine lubricants in the Rotterdam port to seagoing vessels. Chevron B.V. is engaged in tank rental in the main port to support the trading business of Chevron.
marketing and retail
From our offices in Rotterdam, our subsidiary Chevron Netherlands B.V. markets lubricants, coolants and fuel treatments under the Texaco®, Havoline®, Ursa® and Techron® brands directly to consumer, commercial and industrial customers and through authorized distributors.
We also market lubricants for marine markets. Chevron’s lubricants are predominantly based on Group II Premium Base Oils, imported from our own refineries in the United States. Chevron is the world’s leading producer of these base oils.
Our subsidiary Chevron Oronite Technology B.V runs the Rotterdam Technology Lab, where we conduct lubricant oil and fuel additive research.
The facility includes an engine test laboratory that focuses on testing automotive and large marine diesel engine additives. The lab meets the engine oil development needs of Oronite® additive customers in Europe, Africa and the Middle East.
The Rotterdam facility also is the global technology center for Oronite marine lubricant additives research.
record of achievement
Chevron’s work in the Netherlands began more than a century ago.
Texaco, which later merged with Chevron, started operations in the Netherlands around 1902. After World War II, we sold fuel under the Caltex® brand.
We began onshore exploration activities in the Netherlands in 1962. This led to the 1967 award of the Akkrum concession, which produced natural gas for more than 30 years before the field was decommissioned in 2003. The rural site was restored to its original state and reclaimed for agricultural use.
In 2005, Chevron acquired Unocal and its interests in the Netherlands. The company had been active in the country since the mid-1960s.
Also in 2005, Chevron and our partners were granted production licenses enabling the development of the A/B shallow gas fields in the Dutch North Sea. A central processing platform and an export pipeline were installed in Block A12 in 2007. In 2011, the unmanned B13 satellite platform began production.
In 1982, first oil was produced from the Helder and Helm platforms in Block Q1 of the Dutch sector. Chevron celebrated the 30th anniversary of this significant milestone in 2012.
In November 2014, Chevron divested its exploration and production interests in the Dutch sector of the North Sea and sold its Chevron Transportation business.
health, environment and safety
Chevron’s Operational Excellence Management System, which aims to improve safety, environmental and health performance every day, is woven into every aspect of our operations.
Chevron employs Stop Work Authority, a policy that establishes the responsibility and authority of any individual to stop work when an unsafe condition or act could result in an undesirable event.
the economy and technology
Chevron contributes to the economy of the Netherlands through lubricant and fuel-additive research and as an employer.
CAUTIONARY STATEMENT RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This Site contains forward-looking statements relating to Chevron's operations that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as "anticipates," "expects," "intends," "plans," "targets," "forecasts," "projects," "believes," "seeks," "schedules," "estimates," "may," "could," "should," "budgets," "outlook," "on schedule," "on track" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company's control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this report. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices; changing refining, marketing and chemicals margins; the company's ability to realize anticipated cost savings and expenditure reductions; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company's suppliers, vendors, partners, and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas; the inability or failure of the company's joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or startup of planned projects; the potential disruption or interruption of the company's operations due to war, accidents, political events, civil unrest, severe weather, cyber threats and terrorist acts, crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries, or other natural or human causes beyond its control; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from other pending or future litigation; the company's future acquisition or disposition of assets and gains and losses from asset dispositions or impairments; government-mandated sales, divestitures, recapitalizations, industry-specific taxes, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company's ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading "Risk Factors" on pages 21 through 23 of the company's 2015 Annual Report on Form 10-K. In addition, such results could be affected by general domestic and international economic and political conditions. Other unpredictable or unknown factors not discussed could also have material adverse effects on forward-looking statements.
Certain terms, such as "unrisked resources," "unrisked resource base," "recoverable resources," and "oil in place," among others, may be used to describe certain aspects of the company's portfolio and oil and gas properties beyond the proved reserves. For definitions of, and further information regarding, these and other terms, see the "Glossary of Energy and Financial Terms" on pages 50 and 51 of the company's 2015 Supplement to the Annual Report. As used in this report, the term "project" may describe new upstream development activity, including phases in a multiphase development, maintenance activities, certain existing assets, new investments in downstream and chemicals capacity, investment in emerging and sustainable energy activities, and certain other activities. All of these terms are used for convenience only and are not intended as a precise description of the term "project" as it relates to any specific government law or regulation.All trademarks, service marks, logos and trade names, whether registered or unregistered, are proprietary to Chevron, its affiliates, or to other companies where so indicated. You may not reproduce, download or otherwise use any such trademarks, service marks, logos or trade names without the prior written consent of the appropriate owner thereof.