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...
Exxon Mobil business

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 Mobil business

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 LNG

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 business

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 LNG

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...
BP station

BP offers employees shares in rallying cry for low-carbon shift

Oil major BP is launching its first share award scheme to rally its more than 60,000 employees around CEO Bernard Looney’s plan to shift...
Wartsila energy storage system

Wartsila wins contract for 50 MW ECO wind farm in Mexico

Wartsila has won a contract to provide energy storage system for the 50 MW Eolica Coromuel (ECO) wind farm in La Paz, Mexico. The Wartsila...
oil-drop-rev

Oil prices near $60 a barrel, the highest level this year

Oil hit its highest level in a year on Friday, closing in on $60 a barrel on economic revival hopes and supply curbs by...
oil field Ghana

Top 5 oil giants’ market value falls to $680 bn, lower than Tesla’s $752...

According to the research data analyzed and published by Sijoitusrahastot, the energy sector was the worst performer on the S&P 500 in 2020, plummeting...

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