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World’s biggest carbon capture plant running at one third capacity, Chevron Australia reveals

May 17, 2023 Mariel Alumit

United States oil and gas giant Chevron has acknowledged its flagship carbon capture and storage project off Australia’s north-west coast is operating at just a third of its capacity as problems bedevil the facility. The […]

Energy Policy

The Supreme Court Might Curb The ‘Deep State’ By Overruling The Chevron Case

May 13, 2023 Mariel Alumit

Authored by Rob Natelson via The Epoch Times (emphasis ours), The Supreme Court will not be announcing its decisions in most of this year’s big cases until June or early July. But the court recently […]

Europe
Big Oil Companies

Europe’s Oil Majors Will Struggle to Take On US Peers

May 5, 2023 Mariel Alumit

Welcome to Energy Daily, our guide to the energy and commodities powering the global economy. Today, Senior Reporter Kevin Crowley looks at the key reasons why Europe’s oil majors trade so far below their US counterparts. To get this newsletter […]

Price
Big Oil Companies

Oil Prices Skid To Lowest Level Since March; Traders Brace For Recession

May 3, 2023 Mariel Alumit

U.S. crude futures tanked Wednesday to levels not seen since late March amid concerns of U.S. recession and signals of demand weakness in China. Meanwhile, the May 1 start of the OPEC+ oil output reduction […]

analyst
Big Oil Companies

Energy ‘better positioned’ for any kind of recession, analyst says

May 1, 2023 Mariel Alumit

Wells Fargo Analyst Roger Read joins Yahoo Finance Live to discuss quarterly earnings for Chevron and ExxonMobil, falling gas prices, the expectations for a hard landing, and the outlook for oil. – Despite concerns from investors […]

Price
Big Oil Companies

Chevron And Exxon Mobil Beat Earnings Estimates Even As Revenue Slips From 2022 Levels

April 28, 2023 Mariel Alumit

Energy giants Chevron (CVX) and Exxon Mobil (XOM) topped Wall Street estimates for first-quarter financials Friday. However both company’s saw revenue slip compared to a year ago, as the two U.S. majors come off booming […]

Big Oil Companies

Acteon firm gets more decommissioning work with Chevron

April 11, 2023 Mariel Alumit

InterMoor, part of Acteon’s engineering, moorings and foundations division, has secured a contract extension with Chevron for a decommissioning scope in Thailand. Source: Acteon Following the completion of Phase 1 decommissioning work in 2021 in the Gulf […]

Can Big Oil Scale Geothermal
Big Oil Companies

Can Big Oil Scale Geothermal

April 9, 2023 Mariel Alumit

The oil and gas industry is exploring the potential of geothermal energy to provide more clean electricity and heating. While geothermal has the advantage of not being dependent on weather like other green energy sources, […]

Big Oil Companies

Chevron, ExxonMobil, BP and Shell among highest bidders in Gulf of Mexico oil and gas lease sale

March 31, 2023 Mariel Alumit

Home Fossil Energy Chevron, ExxonMobil, BP and Shell among highest bidders in Gulf of Mexico oil & gas lease sale The U.S. government agency Bureau of Ocean Energy Management (BOEM) has held an oil and […]

Big Oil Companies

Investors Start To Realize The Energy Transition Will Take Decades

March 10, 2023 Mariel Alumit

Authored by Tsvetana Paraskova via OilPrice.com, Everyone in the oil and gas industry is now talking about decarbonization and net-zero emissions. Energy security and affordability have made their way to the top of the agenda. […]

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