The Latest

Business

Opinion: Big Oil Should Rebel Against Its Customers

Given that the world will rely on fossil fuels for decades, even with the most stringent government policies to reduce energy use, oil companies face their own climate emergency. How can they retain social legitimacy?

October 9, 2019

Exploration & Production

Chevron Aims To Cut Intensity Of Greenhouse Gas Emissions From Production

Chevron Corp. aims to reduce the intensity of greenhouse gas emissions from its oil production by 5% to 10% over a seven-year period ending 2023 as part of an ongoing effort to combat global climate change, the company said on Oct. 3.

October 3, 2019

Field Development

Occidental Starts Up Solar Facility Directly Powering Permian Basin Operations

Occidental started on Oct. 3 its first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin.

October 3, 2019

Business

Big Oil Talks Big Energy In Transition

Occidental Petroleum subsidiary Oxy Low Carbon Ventures and Royal Dutch Shell share thoughts on the energy transition and how the legacy oil and gas industry is evolving.

October 3, 2019

Natural Gas

US Group Forms To Defend Natural Gas Against Anti-Fossil Fuel Measures

A group backed by anonymous donors launched a campaign on Sept. 30 to promote the benefits of cheap, abundant natural gas against what it called "radical" proposals like the Green New Deal that would phase out use of the fossil fuel.

September 30, 2019

Business

Integrated Oil Majors Race To Curb Emissions

New report finds that oil majors are pursuing energy transition strategies with shifts in product offerings and investment. Here's what they're doing.

September 30, 2019

Renewables

RWE Touts 18 Gigawatt Renewable Project Pipeline In Green Shift

The move has turned RWE into Europe's third-largest renewables group after Spain's Iberdrola and Italy's Enel. It has also become the world's No.2 operator of offshore wind farms behind Denmark's Orsted.

September 30, 2019

Business

Royal Dutch Shell Searches For A Purpose Beyond Oil

Shell’s top brass wrestled with a dilemma that has since beset every major oil and gas company. How should a company that generates most of its profits by meeting the world’s still-robust demand for oil and gas navigate the future as the political tide turns increasingly against fossil fuels?

September 29, 2019

Renewables

Report: Australian Billionaire To Back $14 Billion Solar Power Supply To Singapore

Atlassian Corp. co-founder Mike Cannon-Brookes has pledged to help fund an ambitious A$20 billion (US$14 billion) project to supply solar power from northern Australia to Singapore by a subsea cable, an Australian newspaper reported on Sept. 25.

September 27, 2019

Business

Oil Industry Refuses To Back Away From Fossil Fuels

A who’s who of the global oil industry sketched out a persistent role for fossil fuels on Monday, blocks away from the UN where 66 nations pledged to reach “net zero” carbon emissions by the year 2050.

September 25, 2019