Deloitte's Amy Chronis details the perceived myths of oil’s demise, while also explaining how companies can better position themselves for a future in which more energy sources will be needed.
The investment is through the Altira Group, a venture capital firm that counts Seeq as one of its portfolio companies.
Exxon Mobil Corp. is considering a pledge to reduce its net carbon emissions to zero by 2050, the Wall Street Journal reported on Aug. 5, citing people familiar with the matter.
Oil and gas companies are progressing toward “eco-friendly” operations, but there is no reason for them to transition away from fossil fuels, says industry veteran Dr. Jerry Bailey, director of Petroteq Energy and former president of Exxon Arabian Gulf.
The wind project is also located on the Waggoner Ranch, a historic North Texas ranch established in 1849 and currently owned by billionaire businessman Stan Kroenke.
Pinnacle Midstream II LLC’s Dos Picos processing plant will respond to increased gas production in the short term, but the world is expected to demand even more over the long term.
The proposed power plant to be located near the close to the Gulf Coast near the Texas-Louisiana border is just one of several hydrogen projects that U.S. utilities are developing.
The dedication of resources in the new organization will accelerate growth in multiple business lines that Chevron expects to be part of a lower-carbon energy system, says CEO Mike Wirth.
Europe's top energy companies signaled confidence in a lasting recovery from the pandemic impact on July 29 by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll out risky climate strategies.