Chevron
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Chevron, Talos, and Carbonvert have finished the documentation and closed the joint venture for the carbon capture and storage project on the Gulf of Mexico coast.
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The US has extended Chevron’s waiver to maintain its assets in sanctioned Venezuela through the end of November 2022 under the same limited terms as the previous extension.
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Hydrogen fuels, storage, and production projects are on the go, while CCS and wind projects receive significant international boosts from the likes of INPEX, Chevron, Equinor, and Eni and Amazon splashes cash for more than three dozen renewables projects.
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Norphlet-trend discovery will be developed via a three-well subsea tieback to the Blind Faith FPU.
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The two companies will focus on carbon capture technology along with carbon utilization and hydrogen production.
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With aggressive net-zero goals hanging overhead, countries are looking to fast-track low-carbon energy projects, and many are including nuclear in the mix.
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TotalEnergies, Chevron and others abandon region citing worsening humanitarian situation.
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The second-largest oil and gas producer in the US says the deal will help meet its goal to produce 100,000 B/D of renewable fuel products by decade's end.
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Chevron adds to a growing list of big US oil and gas producers that are seeking to bring to market responsibly sourced gas.
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State-run Staatsolie retains its 40% stake in Block 5.