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Chevron Commences Operations on Next-Generation Drillship in Deepwater Gulf of Mexico

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Stock Market News for September 02, 2015 (Zacks)

Chevron Corporation (NYSE: CVX) announced that the Pacific Santa Ana, a deepwater drillship built to Chevron's specifications, has arrived in the Gulf of Mexico to work for Chevron under a five-year contract with a subsidiary of Pacific Drilling S.A. (NYSE: PACD). Pacific Santa Ana is the first drillship designed with the capacity to perform dual gradient drilling (DGD).

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