Chevron backs 2018 production rise, eyes share buybacks
Oil major Chevron Corp ( CVX.N ) said on Tuesday it should be able to raise production as planned by between 4 and 7 percent in 2018 and buy back Continue Reading
Chevron expects LNG supply shortage by 2025
Chevron Corp said on Tuesday it expected supply shortage in the global liquefied natural gas (LNG) market by around 2025, echoing comments made last month by top LNG trader Royal Continue Reading
Oil Investors See Renewables As Unattractive
Pressured by investors who expect to see higher returns after the oil price downturn, oil and gas companies are finding themselves without much incentive to invest in renewable energy technologies, Continue Reading
U.S. Sets New Monthly Oil Production Record
In a recent post , I wrote that the U.S. would almost certainly set a new oil production record this year. I noted that the most recent data from the Continue Reading
The Secret To More Efficient Batteries
New research published in Nature Communications reveals that manganese has a novel chemical state. According to the U.S. Department of Energy’s Lawrence Berkeley National Laboratory, this new state enables a Continue Reading
Scientists Confirm Century-Old Speculation on the Chemistry of a High-Performance Battery
An array of solar panels and windmills. (Credit: PxHere) Scientists have discovered a novel chemical state of the element manganese. This chemical state, first proposed about 90 years ago, enables Continue Reading
Chevron Expects Up To 7% Production Growth In 2018
Chevron expects its 2018 net production to grow by between 4 percent and 7 percent at oil prices at $60 a barrel, the U.S. oil supermajor said in its annual Continue Reading
New U.S. Record-Level Oil Production! Peak Oil Theory Disproven! Not.
Well, I’m amazed and impressed. Tight oil production has pushed total United States petroleum output to more than 10 million barrels a day, a rate last seen almost a half-century Continue Reading
U.S. shale and OPEC share steak in uneasy truce at Houston dinner
Around the room at Houston’s The Grove restaurant on Monday, at several tables, sat a group of shale executives, interspersed with energy ministers and officials representing OPEC members, where they Continue Reading
Exxon CEO struggles to reverse Tillerson’s legacy of failed bets
Exxon Mobil Corp’s ( XOM.N ) $200 million write-downs last month on abandoned ventures in Russia – once its next big frontier – points to challenges facing Chief Executive Darren Continue Reading