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Permian Basin oil field

Exxon and Chevron dip drilling activity in Permian Basin oil field

Exxon Mobil and Chevron have reduced their drilling activity in Permian Basin oil field, the top U.S. shale oil field, after dominating in the...
carbon emission in ship

Corvus Energy offers leasing of Energy Storage Systems

Corvus Energy is offering a global lease financing product in association with Viridis Kapital targeting the shipping industry. “In almost all vessel segments, leasing can...
Oil industry forecast

Oil steadies after sell-off but European lockdowns hurt outlook for demand recovery

Oil steadied on Monday as hopes for a pick-up in demand later this year helped arrest last week’s broad sell-off, but prices stayed under...
Saudi Aramco

Saudi Aramco to prioritize energy supply to China for 50 years

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources...
Wartsila 50DF dual-fuel engines

Wartsila wins EPC contract from Ta-Yuan Cogen

Wartsila has won an engineering, procurement, and construction (EPC) contract from Ta-Yuan Cogen to carry out the conversion of its Taiwanese power plant from...
Oil industry forecast

Oil demand and production predictions from IEA

The new IEA report today said oil demand is set to rise to 104 million barrels a day (mb/d) by 2026, up 4 percent from 2019...
Green hydrogen projects

Mace Group taps AFC Energy to hydrogen power in construction industry

AFC Energy, a provider of hydrogen power generation technologies, and Mace Group, a UK-based consultancy and construction business, have formed a strategic partnership to use...
Wartsila energy storage system

Wartsila inks deal with Able Grid Energy Solutions to supply energy storage technology

Wartsila announced its deal with Able Grid Energy Solutions to supply its energy storage technology for two major projects in southern Texas, USA. The interconnected...
Chevron oil business

Chevron drafts plans to expand oil and gas production

Chevron has outlined a plan to expand oil and gas production through 2025, but without spending significantly more. Drop in energy demand due to Covid-19...
Chevron business

Chevron to build carbon capture plant in California

Chevron is partnering with Microsoft, oilfield services firm Schlumberger and Clean Energy Systems to build a carbon capture plant in California. Chevron said on Thursday...

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