Industry News

​Chevron Australia will invest a total of US$26 million to bolster carbon capture and storage (CCS) research in Western Australia and Victoria. The investment of the US-based energy giant seeks to advance knowledge in CCS technology to promote a lower carbon future. The commitment comes as the Australian Petroleum Production & Exploration Association (APPEA) calls…

As oil companies stay lean, workers are making the move to renewable energy across the US. Oil and gas companies laid off roughly 160,000 workers in 2020, and they have maintained tight budgets and hired cautiously over the last two years. On the flip side, many renewable energy companies across solar, wind, geothermal, battery and…

​In 2022, US exports of LNG, amounting to 76.4 million tonnes, were the third highest globally, after Australia and Qatar, according to energy research and consultancy firm Wood Mackenzie. Cheniere Energy was the largest US LNG exporter in 2022, producing 44 million tonnes, of which 72% were directed to Europe. The second largest US LNG…

​Reuters have reported on the possibility of big oil mega deals as American companies Exxon Mobil and Chevron post stronger valuations than their European counterparts, Shell, BP and Total Energies. The American duo’s valuation lead is tangible even though Shell’s 2022 results, for example, have doubled year-on-year, matching those of its US peers. A notable…

​Four Japanese companies have entered into an agreement and commenced a detailed joint feasibility study on a project to produce synthetic methane (e-methane) in the US and transport it to Japan utilizing the Cameron LNG facility in Hackberry, Louisiana.Tokyo Gas, Osaka Gas, Toho Gas and Mitsubishi Corporation will study the viability of producing e-methane in…