STOCK TITAN

Chevron Pipe Line Company and American Aerospace Technologies to Fly Unmanned Aircraft in San Joaquin Valley

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Chevron Pipe Line Company and American Aerospace Technologies received a waiver from the FAA to conduct unmanned aircraft surveillance in the San Joaquin Valley. The AiRanger UAS, designed by AATI, supports aerial surveillance for Chevron's pipeline facilities. The DAA system capabilities were demonstrated in California, leading to the issuance of a waiver. The AiRanger UAS is a fixed-wing aircraft capable of long-range operations beyond visual line of sight, marking a milestone in unmanned aviation.

Positive
  • The collaboration between CPL and AATI to develop an aerial patrol solution with advanced technology for safe and cost-effective facility inspections is commendable.

  • The approval for commercial operations of the AiRanger UAS in the U.S. for the first time is a significant achievement, enabling transformative pipeline surveillance.

  • The intelligent sensors and real-time communications of the AiRanger deliver actionable data at an unprecedented scale, enhancing safety in operations across the country.

  • The partnership with regulatory agencies to ensure safe operations for emerging technology highlights Chevron's commitment to exploring and implementing innovative solutions in the energy sector.

Negative
  • Despite the technological advancements and regulatory approvals, there may be challenges in the implementation of the AiRanger UAS for routine surveillance and inspections due to operational complexities or unforeseen issues.

  • The reliance on autonomous aerospace technology and unmanned aircraft systems introduces potential risks related to cybersecurity, data privacy, or system malfunctions that could impact operations and regulatory compliance.

HOUSTON--(BUSINESS WIRE)-- Chevron Pipe Line Company (CPL), a subsidiary of Chevron Corporation, and American Aerospace Technologies, Inc. (AATI) received a first-of-its-kind waiver from the U.S. Federal Aviation Administration (FAA) to conduct unmanned aircraft surveillance in the San Joaquin Valley. The AiRanger Unmanned Aircraft System (UAS) was designed by AATI, a leader in intelligent airborne sensing and surveillance services for energy and other critical infrastructure, to support Beyond Visual Line of Sight (BVLOS) aerial surveillance for Chevron’s pipeline and production facilities.

The AiRanger has been cleared for use in pipeline surveillance. (Photo Courtesy: Chevron/AATI)

The AiRanger has been cleared for use in pipeline surveillance. (Photo Courtesy: Chevron/AATI)

The Detect and Avoid (DAA) system’s capabilities were demonstrated during flight operations in Buttonwillow, California, in October 2023. Following the demonstration and FAA observed testing, the Agency issued a 91.113 Waiver and granted a 44807 Exemption (“Waiver and Exemption”). The Waiver and Exemption authorizes AATI to utilize the onboard detect and avoid system to comply with aircraft right of way rules when operating BVLOS. The AiRanger is the first UAS to demonstrate compliance with industry consensus standards for the DAA system and reach this milestone.

“CPL and AATI have been on a journey since 2019 to develop an aerial patrol solution with technology that advances safe, reliable, and cost-effective routine facility inspections and pipeline system surveillance,” said Stephanie Beveridge, president of CPL. “Through collaboration with the FAA, we are working to do just that in the San Joaquin Valley.”

The AiRanger UAS is a fixed-wing, unmanned aircraft system capable of long-range operations beyond visual line of sight. The aircraft weighs 220 pounds with a wingspan of about 18 feet and can fly over 700 miles and up to 17 hours at up to 17,000 feet.

“For the first time, an unmanned aircraft weighing more than 55 pounds that flies above 400 feet and beyond visual line of sight has been approved for commercial operations in the U.S. This initial Waiver and Exemption spans over 4,000 square miles at up to 8,000 feet MSL, opening a new era in unmanned aviation in the National Airspace System,” said David Yoel, CEO of American Aerospace Technology, Inc. “The AiRanger is a new type of platform due to its large scale and the range of operations it enables. Its intelligent sensors and real-time communications deliver actionable data at a scale that was previously unimaginable. With safety as our guiding principle, we look forward to expanding AiRanger operations across the country.”

“CPL operates approximately 3,000 miles of regulated pipelines nationwide. The AiRanger UAS beyond visual line of sight operations will help transform routine oil and gas pipeline surveillance and inspections required by the Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) using automated intelligence solutions,” said Roy Martinez, project manager for the UAS initiative and digital advisor for operations in CPL. “CPL’s coordinated efforts with the FAA and AATI to deploy this program is just one example of how Chevron continues to work with federal agencies to explore and implement emerging technologies to further Chevron’s purpose of developing the affordable, reliable, ever-cleaner energy that enables human progress.”

CPL and AATI have been supported by End State Solutions, LLC, to build collaborative solutions with key regulatory agencies that enable safe operations for emerging technology and new uses for autonomous aerospace technology.

Pictures and Video for Media Use:

http://bit.ly/3UH3Pgd

Newsroom — Chevron

About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable, and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of our operations and grow lower carbon businesses in renewable fuels, carbon capture and offsets, hydrogen and other emerging technologies. More information about Chevron is available at www.Chevron.com

About American Aerospace Technologies, Inc.
Founded in 2002, AATI is a leader in intelligent airborne sensing and surveillance services for energy and other critical infrastructure. We deliver services with conventional aircraft, drones, and medium-altitude, long-endurance unmanned aircraft. AATI has been flying long-endurance UAS Beyond Visual Line of Sight (BVLOS) in the national airspace system since 2010.

About End State Solutions, LLC
End State Solutions LLC is focused on civil certification and approvals with deep expertise in aerospace certification and operations. The End State Solutions team has contributed to multiple industry achievements in autonomous aerospace and emerging aviation technology. As the pace of innovation in autonomy picks up, we continue to move the needle in meaningful ways for industry and regulators around the globe.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements relating to Chevron’s operations and energy transition plans 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,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “progress,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions, and variations or negatives of these words, are intended to identify such forward-looking statements, but not all forward-looking statements include such words. These statements are not guarantees of future performance and are subject to numerous 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 news release. 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 and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic, market and political conditions, including the military conflict between Russia and Ukraine, the war between Israel and Hamas and the global response to these hostilities; changing refining, marketing and chemicals margins; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates; 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 start-up 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, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures related to greenhouse gas emissions and climate change; the potential liability resulting from pending or future litigation; the ability to successfully integrate the operations of the company and PDC Energy, Inc. and achieve the anticipated benefits from the transaction, including the expected incremental annual free cash flow; the risk that Hess Corporation (Hess) stockholders do not approve the potential transaction, and the risk that regulatory approvals are not obtained or are obtained subject to conditions that are not anticipated by the company and Hess; uncertainties as to whether the potential transaction will be consummated on the anticipated timing or at all, or if consummated, will achieve its anticipated economic benefits, including as a result of regulatory proceedings and risks associated with third party contracts containing material consent, anti-assignment, transfer or other provisions that may be related to the potential transaction that are not waived or otherwise satisfactorily resolved; the company’s ability to integrate Hess’ operations in a successful manner and in the expected time period; the possibility that any of the anticipated benefits and projected synergies of the potential transaction will not be realized or will not be realized within the expected time period; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; higher inflation and related impacts; material reductions in corporate liquidity and access to debt markets; changes to the company’s capital allocation strategies; 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 20 through 26 of the company’s 2023 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.

For media inquiries contact:

Christine Dobbyn

External Affairs Advisor

Chevron

christinedobbyn@chevron.com

Asia Mills

Marketing Coordinator

American Aerospace Technologies, Inc

a.mills@americanaerospace.com

Source: Chevron Corporation

FAQ

What is the purpose of the AiRanger UAS developed by American Aerospace Technologies and Chevron Pipe Line Company?

The AiRanger UAS was designed to support aerial surveillance for Chevron's pipeline and production facilities in the San Joaquin Valley.

What milestone did the AiRanger UAS achieve in terms of industry consensus standards?

The AiRanger UAS became the first unmanned aircraft system to demonstrate compliance with industry consensus standards for the DAA system.

What is the weight and range capability of the AiRanger UAS?

The AiRanger UAS weighs 220 pounds, has a wingspan of approximately 18 feet, can fly over 700 miles, and operate up to 17 hours at up to 17,000 feet.

Who is the CEO of American Aerospace Technologies, Inc.?

The CEO of American Aerospace Technologies, Inc. is David Yoel.

How many miles of pipelines does Chevron Pipe Line Company operate nationwide?

Chevron Pipe Line Company operates approximately 3,000 miles of regulated pipelines nationwide.

Chevron Corporation

NYSE:CVX

CVX Rankings

CVX Latest News

CVX Stock Data

289.64B
1.68B
6.66%
69.34%
3.3%
Oil & Gas Integrated
Petroleum Refining
Link
United States of America
SAN RAMON