Chevron Becomes Leading US Renewable Fuel Company After REG Acquisition
Chevron announced that it has successfully acquired Renewable Energy Group (REG) and its new segment Chevron Renewable Energy Group aims to focus on the transportation sector.
News / Worldwide
Facing a New Wave of Shutdowns, Libya’s Oil Production Almost Halts
A political crisis in Libya has nearly halted all oil production as more ports and oil fields are shut down. OPEC member's daily production is down by 1.1 million barrels compared to 1.2 million barrels last year , Oil Minister Mohamed Oun told Bloomberg on Monday. That means Libya pumps about 100,000 barrels daily.
Anasuria Operating Company Awards Petrofac a Five-Year Integrated Services Provider Contract
Anasuria Operating Company (AOC), a provider of services to the global energy industry, has awarded Petrofac an Integrated Services Provider (ISP) contract. Petrofac will provide onshore and offshore personnel and technical support services under the contract.
Adani, TotalEnergies Join Forces to Create a World-Class Hydrogen Company
Adani Enterprises Limited (AEL) and TotalEnergies have agreed to acquire 25% of Adani New Industries Limited (ANIL). For the production and commercialization of green hydrogen in India, ANIL will be the exclusive platform of AEL and TotalEnergies. As its first milestone, ANIL plans to produce one million tons of green hydrogen per year (Mtpa), backed by around 30 gigawatts (GW) of new renewable energy generation capacity.
Cenovus to Purchase bp’s 50% Stake in the Canadian Sunrise Oil Sands Project
Cenovus Energy Inc. announced on Monday that it will purchase bp's 50% ownership in the Sunrise oil sands project in northern Alberta, bolstering the Canadian energy company's position in the industry, Reuters reported.
Shell plc Announces Q1 2022 Euro, GBP Equivalent Dividend Payments
It was announced today that Shell plc ("Shell") will pay the sterling equivalent and euro equivalent of its first quarter interim dividend announced on May 5, 2022 at US$0.25 per ordinary share.
Venezuela Receives Its Second Iranian-Built Tanker.
In the presence of the presidents of Iran and Venezuela, SADRA (Iran Marine Industrial Company) handed over the second Aframax tanker built by the company.
Equinor Scores New Oil Discovery Close to the Johan Castberg Field
Equinor has recently made a new oil and gas discovery at Skavl St*, exploration well 7220/8-3, near the Johan Castberg field in the Barents Sea.
Eni, HitecVision Sell 5% Stake in Norway’s Vaar Oil Firm
Eni and Norway's HitecVision have sold a 5% stake in Norwegian oil firm Vaar Energi (VAR.OL) for $530 million, the energy giant said on Thursday.
Cummins, Chevron Cooperate in Natural Gas Engine Demonstration with Walmart
As part of its commitment to the demonstration of Cummins Inc.'s new 15-liter natural gas engine for heavy-duty trucks, Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, has reached definitive agreements to supply renewable natural gas fuel to Walmart Inc.
