chevron VP talks technology and energy transition

With oil and gas expected to play a crucial role in the global energy mix for decades, Chevron is finding new ways to lower the carbon intensity of today’s energy while building new, lower carbon solutions for tomorrow.

“From powering homes and industries to driving economic growth, energy is integral to everyday life,” said Balaji Krishnamurthy, vice president of Chevron Technical Center.

In a recent interview with ADIPEC News, Krishnamurthy shared that many technology pathways and breakthroughs are needed to support a balanced energy transition while continuing to meet growing demand. Some recent innovations include:

• Deploying the industry’s first 20,000 psi (pounds per square inch) deepwater technology to help unlock resources in the U.S. Gulf of Mexico, where Chevron’s production is some of the lowest carbon intensity production in the world.
• Achieving a 64% decrease in upstream methane intensity since 2016 through advanced technologies in upstream operations.
• Partnering to scale new solutions, such as a new technology developed by Svante Inc. to capture carbon dioxide.

Chevron Technology Ventures has invested in more than 140 startups, piloting technology from 80% of those companies. And 50% of those companies are part of Chevron’s supply chain today.

To learn more about Chevron’s innovative approaches, read the full interview on Energy Connects.