Chevron relies heavily on the Tengiz cash cow. Most of TengizChevroil oil is ether shipped by pipeline or rail to the Novorossiysk port to be exported.
If bombings close the port, Chevron maybe in dire straits.
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You don’t get calls like that anymore. It is just en email chain with each manager spinning the news in their favor to the top. Even with dashboards, daily production is not monitored by management beyond the country level. Upsets are reported voluntarily to avoid surprises when month end figures are submitted for finance.
If you worked in Tengiz, you knew if the oil stopped flowing one day, the Ops Mgr would get a call from Chevron higher-ups to discuss, and at 2 days that call would be someone one step down from the CEO. The cash flow from Tengiz is a very big deal and it goes through a cash bottleneck at Novorossiysk. Ask EM.
"Oh, its just one drone attack." Great Chevron critical thinking.
As is normal for smaller minds , lost your head over-reacting to one small event , as is the norm nowadays . For Goodness sake grow up and learn to take a longer view
Seriously? It was one tanker hit by a drone, no casualties, and maritime traffic was slowed for 4 hours. That's like a regular weekday on the LA or Oakland Freeway. Get over yourselves, please.
Oh please…..
What's your point? It's not like all eggs are in one basket, so even if things do go south, Chevron won't be in dire straits. Besides, every single oil company that has investments in that part off the world has the same risks.
Is Tengiz production being reduced?
Wonder how tanker insurance premiums work?
It is only one third of oil...
Not sure if they hit the port or the pipeline. Sounded more like it was a tanker but then again who knows as we have only be shown what they want to show us on this stuff