Exxon, Shell sell California oil assets for $4 bn to IKAV
Exxon Mobil and Shell have sold their California oil joint-venture Aera to German asset manager IKAV for $4 billion.
The sale reflects the two companies...
Port Aransas City taps Equix for re-building gas system
Equix Energy Services (Equix) said it will be working with the City of Port Aransas, Texas, and the Federal Emergency Management Agency (FEMA) to rebuild...
Shell signs production sharing contract for Atapu field in Brazil
Shell Brasil has signed the Production Sharing Contract (PSC) to acquire 25 percent stake of the Atapu field. Shell paid $ 1.1 billion to...
ExxonMobil reveals investment plan for Guyana oil project
ExxonMobil has revealed its investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals.
ExxonMobil’s fourth, and largest, project in the...
IEA member countries to release more oil from emergency reserves
The International Energy Agency (IEA) said its 31 Member Countries agreed on Friday to a new release of oil from emergency reserves in response...
Aramco to invest in refinery and petrochemical complex in China
Aramco will make investment for the development of a major integrated refinery and petrochemical complex in Northeast China.
Huajin Aramco Petrochemical Company (HAPCO), a joint venture...
Oil spikes to 2008 highs as U.S., Europe mull Russian oil import ban
Oil prices soared more than 9 percent on Monday, touching their highest since 2008, as the United States and European allies mull a Russian...
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 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, 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...
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