The Latest

Investment

Chevron Signs Deal to Explore Lower Carbon Opportunities in Indonesia

Chevron is looking at potential businesses in new geothermal technology, carbon offsets through nature-based solutions, carbon capture, utilization and storage (CCUS), Pertamina said.

May 13, 2022

Public Capital

BP Wins Shareholder Support for Climate Strategy

The vote at BP’s annual general meeting came as the British government faced growing pressure to hit BP and its rivals with a windfall tax after energy companies posted a surge in profits.

May 12, 2022

Private Equity

Carlyle Merges Energy, Infrastructure Units Ahead of Investment Push

Carlyle CEO Kewsong Lee sticks with fossil fuel projects alongside bets on renewables.

May 12, 2022

Energy Transition

Technip, Saulsbury Win Contract for Exxon Mobil Carbon Capture Project

Technip Energies and Saulsbury Industries will provide engineering, procurement and construction services for Exxon Mobil's Wyoming facility to increase carbon capture capacity and CO2 transportation pipeline.

May 12, 2022

Emissions

Lapis Energy CEO Discusses New Arkansas CCS Project

A new carbon capture project announced by Lapis Energy and LSB Industries will be the first CCS project in the state of Arkansas and only the third project from ammonia production in the U.S.

May 12, 2022

Markets

IEA Expects Record Renewable Growth Despite Cost, Supply Problems

Renewables growth in  2021 was led by China, the EU and Latin America in 2021, the IEA said, but it had lagged in the U.S.

May 11, 2022

Energy Transition

OSI Renewables Aims to Improve Offshore Wind Costs, Efficiency

The renewables arm of Oil States Industries is working to test a prototype of its new fixed TLP in the North Sea next year.

May 11, 2022

Earnings

Siemens Energy Shares Hit Record Low as Wind Turbine Problems Mount

Results at Siemens Gamesa, which in January issued its third profit warning in nine months, mask a solid performance at Siemens Energy’s business focused on coal- and gas-fired power stations and turbines.

May 11, 2022

Investment

Norway to Ramp Up Offshore Wind in Drive to Go Green

A wide range of utilities, oil and gas firms and engineering companies have lined up to develop offshore power projects in Norway, including Equinor, Shell, BP, Ørsted and Eni.

May 11, 2022

Emissions

Oil and Gas M&A Threaten Emission Reduction Efforts

A new Environmental Defense Fund study shows that oil companies diversifying their assets to look greener are often just selling them to operators under less scrutiny.

May 11, 2022