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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 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 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...

Exxon Mobil lowers ambitions for oil and gas output

Exxon Mobil is lowering its ambitions for oil and gas output as it focuses on cutting costs and preserving dividends to win back investors. The...

Exxon to slash 7% of workforce in Singapore

Exxon Mobil plans to cut its workforce in Singapore, home to its largest oil refining and petrochemical complex, by about 7 percent amid the...

Shell acquires virtual power plant operator Next Kraftwerke

Shell today announced the acquisition of virtual power plant operator Next Kraftwerke that connects and manages over 10,000 decentralised energy units across eight countries...

Chevron launches $300 mn fund for low-carbon technology

Chevron announced the launch of a $300 million fund focused on low-carbon technology, as traditional global oil and gas firms attempt to invest more...

Shell sells Duvernay shale light oil position in Canada for $707 mn

Royal Dutch Shell plc’s affiliate Shell Canada Energy has agreed to sell its Duvernay shale light oil position in Alberta, Canada to energy company...