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Tesla topped by Chevron in latest most-shorted stock report

Teslarati

Tesla was topped in Hazeltree’s Short Crowdedness Report by Chevron in the firm’s April report. However, Chevron, an oil company that has been second to Tesla for several months in Hazeltree’s reports, topped the electric automaker this month.

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Novvi LLC begins production of 100% renewable base oils & process oils

Green Car Congress

Novvi LLC announced the successful start-up of its Deer Park, TX plant, where it is manufacturing and marketing 100% renewable base oils ( NovaSpec Base Oils ) for the lubricants industry, and 100% renewable process oils for polymer, adhesives, and personal care industries. Novvi is a joint venture of Amyris, Inc.,

Oil 247
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Benchmark: Saudi Arabia is building an EV battery supply chain

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Saudi Arabia’s ambitions for an EV supply chain are part of the diversification of the national economy away from oil, a project guided by the government’s Vision 2030 reform plan announced in 2016. Rabigh Refining & Petrochemical Company will supply feedstock in the form of decant oil.

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California oil producer applies for LCFS credits for producing crude oil using solar-generated power

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Under California’s Low Carbon Fuel Standard (LCFS), crude oil producers may generate credits for oil that has been produced using innovative methods and delivered to California refineries for processing. Seneca Resource Corporation (Seneca) has applied for LCFS credits for producing crude oil using solar generated electricity.

Oil 150
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Samsung Ventures makes strategic investment in renewable fuels company Raven SR

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In 2021, Raven SR attracted funds totalling $20 million from global oil and gas major Chevron, Japanese trading house ITOCHU, hydrogen mobility leader and innovator Hyzon Motors, and Ascent Hydrogen Fund. Samsung Ventures’ investment will expand Raven SR’s global reach to South Korea, a driving force in the hydrogen economy.

Renewable 199
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Lux: Total is leading example of oil supermajor expanding into solar plus storage and distributed generation

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France-based Total is the first oil supermajor aggressively to enter new areas of business including solar plus storage and distributed generation, notes Lux Research in a new report : “Superpower Darwinism: What Big Oil Can and Cannot Do About Total’s Billion-Dollar Battery Move.”.

Oil 150
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GE to supply 3 aeroderivative gas turbine-generator modules for Chevron floating production unit in GOM

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GE Oil & Gas will supply three customized aeroderivative gas turbine-generator modules to provide reliable electric power for a new Chevron floating production unit that will produce oil and gas from the Jack and St. Chevron’s initial development of the Jack and St. The LM2500+G4.

Chevron 186