Chevron cuts capital spending by $4bn in response to coronavirus crisis

US oil giant said it would “continue to execute” plans to reduce operating costs by more than $1bn by the end of the year

Coronavirus forces Chevron to send London staff home

‘Work-from-home’ trend spreads to London as the oil giant asks 300 staff to self-isolate as a precaution against coronavirus

Carbon dioxide emissions
UK carbon start-up captures $16m financing from investors

Carbon Clean Solutions Limited will use the investment to deliver an existing pipeline of global projects to lower emissions from industry

Svante explores carbon capture tech for Chevron

The firm will evaluate the feasibility and design of a 10,000 tonne-per-year carbon capture unit for potential deployment in one of Chevron’s California facilities

‘World’s first’ subsea power technology for offshore oil and gas proved

ABB, Equinor, Chevron and Total tested the ‘pioneering and ground-breaking’ technology for 3,000 hours in shallow water at a sheltered harbour in Finland

Chevron sells North Sea business to Ithaca Energy for $2bn

The latter company’s portfolio is forecast to deliver around 80,000 barrels of oil equivalent per day

EU greenlights Total’s buyout of Chevron’s Danish North Sea business

The Commission’s investigation found the proposed acquisition would not raise competition concerns

Oil giant Chevron ties executive pay to emissions reductions

It has pledged to reduce methane emissions and flaring intensity

Equinor buys 40% stake in giant undeveloped oil and gas field

It is estimated to hold 300m barrels of potential recoverable volumes of oil and gas

Academics demand climate change resolutions from ExxonMobil and Chevron

More than 1,000 professors have sent an open letter to ExxonMobil and Chevron’s shareholders demanding climate change resolutions. The academics from more than 40 universities are urging the companies to do so at their annual general meetings later this month. Positive Investment, an international coalition of students, academics and staff concerned about ethical investment, proposed nine […]