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Oxy aims to combine crude oil with environmental attributes generated from the sequestration of atmospheric CO2 captured with its planned direct-air-capture plant and sequestered in its enhanced-oil-recovery reservoirs in the Permian Basin.

A transatlantic task force will be formed to oversee the EU’s goal of reducing Europe’s dependence on Russian fossil fuels and strengthen European energy security.

The newbuild vessel will be used in partnership with Kirby Offshore Wind on the Empire wind farm off New York.

Supermajors continue to align their goals with a net-zero future while strides are made across the globe to add CCS, solar, and wind projects to help achieve ambitious green energy goals.

An analysis by researchers from Stanford University found leaks of methane from oil and gas drilling in the Permian Basin were many times higher than government estimates.

Induced seismicity put a stop to hydraulic fracturing in the UK, but rising natural gas prices might change that.

The oil giant launched its Bakken crypto pilot in January 2021 and now is considering expanding it to Nigeria, Argentina, Guyana, and Germany, according to people familiar with the matter.

The company, which runs a marketplace for commodities with the consideration of environmental, social, and governance (ESG) factors, will register crude produced by Lundin Energy with the help of certification company Intertek.

The surge in oil and gas prices has reminded Europeans that they still need hydrocarbons and reminds them why they want to replace them.

The company said it plans to increase its use of Microsoft’s Azure cloud service to streamline its data.