Killajoules

KBR to Execute Detailed Design of Chevron Big Foot Topsides
KBR (NYSE:KBR) today announced that it has been selected by Chevron USA Inc. to execute the detailed design for the Chevron Big Foot Topsides project. The Big Foot field is located in the Walker Ridge Block 29 of the Gulf of Mexico and is owned by Chevron USA Inc. (operator) and other working interest owners. The proposed facility will be installed in approximately 5,200 feet of water approximately 225 miles from New Orleans and 35 miles south of Chevron's producing Tahiti field.

Chevron Confirms Discoveries Offshore the Republic of the Congo
Chevron Corporation (NYSE: CVX) today confirmed discoveries within the Moho-Bilondo license in the Republic of the Congo.

Chevron and Kyushu Electric Sign LNG Deal
Chevron Corporation (NYSE: CVX) today announced that its Australian subsidiary has signed a Sales and Purchase Agreement (SPA) with Kyushu Electric Power Co. for a portion of Chevron’s offtake of liquefied natural gas (LNG) from the Gorgon Project.

Technip awarded a major subsea contract for the Jack & St-Malo fields in the Gulf of Mexico
Technip was awarded a contract by Chevron North America Exploration and Production for the development of the Jack & St-Malo fields, located in the Walker Ridge area of the Gulf of Mexico at a water depth of approximately 7,000 feet (2,100 meters).

Chevron Corporation: Lago Agrio Plaintiffs' Consultants Concede that $113 Billion Damages Claim Lacks Scientific Basis
Admissions during court-ordered depositions of the plaintiffs' own consultants confirm there is no scientific basis for the $113 billion damages claim in litigation pending in Lago Agrio, Ecuador. Over the last two weeks, attorneys for Chevron Corporation (NYSE:CVX) questioned the six consultants credited with the latest damage assessment. The sixth consultant was deposed yesterday.

Chevron Sanctions Big Foot Project in the Deepwater Gulf of Mexico
Chevron Corporation (NYSE:CVX) today announced it has sanctioned development of its $4 billion Big Foot project in the deepwater U.S. Gulf of Mexico.

Chevron and Other Shareholders Sanction Caspian Pipeline Expansion
Chevron Corporation (NYSE:CVX) today announced that the shareholders and governing bodies of the Caspian Pipeline Consortium (CPC) have unanimously approved the $5.4 billion expansion of the Caspian pipeline. The capacity of the 900-mile (1500 km) pipeline, which carries crude oil from Western Kazakhstan to a dedicated terminal in the Black Sea, will increase to 1.4 million barrels per day from its current capacity of 730,000 barrels per day.

Chevron Announces $26.0 Billion Capital and Exploratory Budget for 2011
Chevron Corporation (NYSE: CVX) today announced a $26.0 billion capital and exploratory spending program for 2011. Included in the 2011 program are $2.0 billion of expenditures by affiliates, which do not require cash outlays by Chevron. Acquisition costs associated with the recently announced purchase of Atlas Energy, Inc. are not included.

Chevron Deepwater Gas Project in Indonesia Enters Design Phase
Chevron Corporation (NYSE:CVX)today announced the award of major front-end engineering and design (FEED) contracts for the Gendalo-Gehem natural gas development in East Kalimantan, Indonesia.

Chevron to Sell Fuels Marketing and Aviation Businesses in Parts of the Caribbean and Central America to a Subsidiary of RUBIS
Chevron Corporation (NYSE: CVX) today announced that it has agreed to sell its fuels marketing and aviation businesses in Antigua, Barbados, Grenada, Dominica, St. Lucia, St Vincent, Guyana, St. Kitts, French Guiana, Martinique, Guadeloupe, Trinidad, Nicaragua, Costa Rica and Belize to Vitogaz, S.A., a wholly-owned subsidiary of RUBIS, an international downstream petroleum company based in France. The transactions are expected to close in full by the third quarter 2011 following receipt of required local regulatory and government approvals.