Chevron
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Four top oil executives will appear before the House Oversight Committee this week in a landmark moment for environmental activists who have spent years calling for investigations of the industry. -
Friction reducers play multiple critical roles in fracturing. A challenge in selecting the best one for the job is the growing evidence that performance varies, but objective performance measurements are lacking.
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Chevron recently pledged to triple to $10 billion its investments to reduce its carbon emissions footprint through 2028, while saying it was not yet ready to commit to a 2050 net-zero emissions target.
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Shell reported that most of its production was back online, but some facilities will remain shut-in until the end of the year.
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The energy transition was present but not at center stage at recent earnings calls as majors celebrated their improving financial performance.
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Incremental gains are not always celebrated, but as two of the biggest oil producers in the US show, they nonetheless can net unrealized savings and new efficiencies.
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Jeff Gustavson will become president of Chevron New Energies effective 2 August as the company seeks to manage its low-carbon business prospects.
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US Gulf project will use a similar floating solution to the operator’s Vito project due onstream next year.
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Chevron is having to drill a fifth production well at Israel’s Leviathan natural gas and gas-condensate field to keep production ahead of rising demand, driven by exports to Egypt’s growing LNG hub.
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The decision follows operator Chevron’s announcement at the end of 2019 to exit the project.
