Category: Energy

December 3, 2020

Chevron Corp. said it would cut its annual capital spending budget by 26% next year and sharply through the middle of the decade, as the coronavirus pandemic forces an industrywide reappraisal of fossil-fuel investment. Chevron said it would spend $14 […]

November 30, 2020

OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year, with the group’s president calling for caution in a fragile market. The coalition that pumps half the world’s crude is debating […]

November 25, 2020

Oil extended gains, trading at its highest level since March, on mounting optimism that recent breakthroughs on a COVID-19 vaccine will lead to a swift recovery in global energy demand next year. Futures in New York on Nov. 25 rose […]

November 24, 2020

Constant and predictable heat is essential for manufacturing processes. Drying materials, heating products and keeping a building at a comfortable temperature for workers all require a great deal of energy. The recent push toward green and lean manufacturing has leading […]

November 18, 2020

Crude held onto a rally amid progress on the development of coronavirus vaccines, with investors shrugging off a smaller-than-expected U.S. inventory build. Futures in New York climbed as much as 2.5% on Nov. 18 in sympathy with broader markets, as […]

November 12, 2020

Global oil markets may have rallied on the latest positive vaccine trial results, but they are unlikely to feel any significant economic benefits until well into next year, the International Energy Agency said Thursday. In its monthly report, the IEA […]

November 3, 2020

A split reality is emerging for U.S. shale drillers: Those that primarily pump oil are still struggling to survive, while those that produce natural gas are slowly seeing signs of recovery. Oil-focused fracking companies are under extreme financial strain, as […]

November 2, 2020

The ambition of both partners is to make the new company a leading global manufacturer of fuel cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050. The Volvo Group will acquire 50% […]

October 5, 2020

Louisville, KY and Charlottesville, VA–Virtual Peaker and Fermata Energy have announced a partnership to integrate Fermata Energy’s vehicle-to-grid (V2G) technology with Virtual Peaker’s cloud-based residential energy demand response platform used by utilities across the country. The joint venture will make […]

October 1, 2020

The global oil-and-gas industry remains under extreme financial pressure as demand for fossil fuels rebounds slowly after being crushed by the coronavirus pandemic. Some of the largest western oil companies including Exxon Mobil Corp. and Royal Dutch Shell PLC signaled […]