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Kuwait Oil Company

IEA Member Countries to make 60 million barrels of oil available following Russia’s invasion...

The 31 Member Countries of the Governing Board of the International Energy Agency agreed to release 60 million barrels of oil from their emergency...
Chevron business

Chevron makes new investment in Carbon Clean

Chevron has made a new investment in Carbon Clean, a leader in cost-effective industrial carbon capture. Carbon Clean’s technology is designed to reduce the costs...
Chevron oil business

Chevron, Iwatani to build 30 hydrogen fueling stations in California

Chevron and Iwatani announced an agreement to co-develop and construct 30 hydrogen fueling sites in California by 2026. Chevron plans to fund construction of the sites, which are...
Exxon Mobil business

Exxon’s workforce falls by 9,000 in 2021 amid cost cuts

Exxon Mobil said on Wednesday its global workforce fell by 9,000 people last year as part of a deep cost cutting program after the COVID-19...
Chevron oil business

Chevron seeks to sell Equatorial Guinea oil and gas assets

Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help...
Oil industry forecast

Crude oil price will average nearly $88 per barrel: EIA forecasts

The U.S. Energy Information Administration (EIA) forecasts that the Brent crude oil price will average $90 per barrel in February and nearly $88 per...
Shell LNG

Shell changes name, ditching Royal Dutch used since 1907

Shell officially changed its name on Friday, ditching Royal Dutch, which has been part of its identity since 1907, following plans to scrap its...

Exxon pledges net-zero carbon emissions from operations by 2050

Exxon Mobil said it aims to cut to zero its net carbon emissions from its global operations by 2050, catching up with rivals who...
Ramky TSIIC

RamkyEnviro Engineers wins contract to develop effluent treatment plant from TSIIC

RamkyEnviro Engineers, a provider of environment management services, has secured a contract to develop a Zero Liquid Discharge Common Effluent Treatment Plant (ZLD-CETP) at...
Wartsila energy storage system

Wartsila to supply energy storage system to GIGA Storage Netherlands

Wartsila said it will supply a 25-megawatt (MW) / 48-megawatt hour (MWh) energy storage system to GIGA Storage BV in the Netherlands to stabilise...

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