Permian Basin
The projects will power Chevron’s operations in the US Permian Basin, Argentina, Kazakhstan and Western Australia
The energy giant has teamed up with Danish renewable energy firm Ørsted to source the clean power
It is the UK energy giant’s largest deal in almost 20 years
GlobalData says this is partly enabled by companies drilling much longer sideways wells
A mature ‘super basin’ located in Texas and New Mexico has set a new oil-production record, beating its previous peak set in 1973. The Permian Basin has reached a new production volume of at least 815 million barrels in 2017, far exceeding its previous peak of 790 million barrels, according to new analysis from information […]