Chevron Corp announced on Monday that it will purchase PDC Energy Inc. for $7.6 billion, including debt, in an all-stock deal, expanding its U.S. drilling
Category: Energy
Wobbly grid: California grid operator signs off an energy mix of 40GW at a cost of $7.3 billion.
The electric grid operator in California has authorized a proposal for 45 new power transmission projects, estimated to cost $7.3 billion over the next ten
Musk commissions a Texas lithium refinery to produce battery metal for 1m EVs by 2025.
Tesla Inc. broke ground on a lithium refinery in Texas on Monday. According to CEO Elon Musk, the facility should manufacture enough battery metal by
Clean electricity: Westinghouse unveils a game-changing small modular reactor with nuclear technology.
The 300-MWe single-loop pressurized water reactor, the AP300TM small modular reactor (SMR), was unveiled by Westinghouse Electric Company. The only SMR that is actually based
U.S clean energy law leaves EU leaders fuming.
In a rural village close to the Arctic Circle, Norwegian firm Freyr will initially construct batteries to power electric vehicles and store sustainable energy. What
Startup business raises $18m to generate electricity from carbon-free hydropower.
A startup company has received $18.4 million to build up its carbon-free hydropower technology. The company uses small turbines installed in irrigation canals to produce
The multi-trillion dollar decarbonization industry may surpass the oil industry in 10 years. – Exxon.
According to CEO Darren Woods, Exxon Mobil Corp.’s Low Carbon division could surpass the company’s regular oil and gas operations within ten years and provide
Saudi Aramco declares a monster profit of $161b in 2022; the highest ever globally by a PLC.
The world’s largest oil corporation, Saudi Aramco, announced on Sunday that it made $161 billion last year, the highest yearly profit ever recorded by a
Germany commits $7b to EV charging network expansion; VW and Mercedes urge accelerated deployment.
According to a report in the German newspaper Bild am Sonntag on Sunday, Mercedes-Benz and VW have pushed the government to do more to increase
Energy crisis: Europe has expended almost 800b euros on subsidies.
Researchers stated on Monday that the cost for European nations to protect people and businesses from rising energy expenses has risen to about 800 billion
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