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Chevron invests in nuclear fusion start-up Zap Energy

Green Car Congress

Chevron Corporation made a Series A investment in Zap Energy Inc. , It is now backed by an energy and technology-focused investor base, including Chevron. Our Future Energy Fund investment in Zap Energy adds to Chevron’s portfolio of companies we believe are likely to have a role in the energy transition. Resources. “

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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Chevron Corporation announced a $32.7 Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 billion capital and exploratory spending program for 2012.

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TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

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TAE’s fifth-generation reactor, Norman, was unveiled in 2017 and was designed to keep plasma stable at 30 million degrees Celsius. TAE’s fifth-generation reactor, Norman, has proven capable of sustaining stable plasma at more than 75 million degrees Celsius, 250% higher than its original goal.

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Shell completes divestment of oil sand interests in Canada; retains Scotford refinery and plants

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Separately and under the second agreement, Shell and Canadian Natural have completed the joint acquisition and now own equally Marathon Oil Canada Corporation, which holds a 20% interest in AOSP, from an affiliate of Marathon Oil Corporation for $1.25 billion was taken in Q1, 2017 with a further $0.4 billion each.

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ExxonMobil to proceed with $14B Hebron heavy oil project off Canada’s East Coast; more than 700B barrels of oil

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Exxon Mobil Corporation will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a gravity-based structure that will recover more than 700 million barrels of oil, an increase from earlier estimates. Source: Chevron. Hebron co-venturers are Chevron Canada Limited (26.7%), Suncor Energy Inc.

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euglena planning commercial production of biojet and renewable diesel from algae in Japan

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plans to produce and supply biojet and renewable diesel in Japan at commercial scale in the 2020s with support from the City of Yokohama, Chiyoda Corporation, Itochu Enex Co., In June 2015, the company signed a Technology License Agreement for the ISOCONVERSION process with Chevron Lummus Global and Applied Research Associates (ARA).

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Gevo joins SFO consortium to advance sustainable aviation fuel (SAF)

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The four airlines—United Airlines, Alaska Airlines, American Airlines, and Cathay Pacific—represent nearly 70% of all flights at SFO, while the four fuel producers include SFO’s two primary suppliers, Chevron Corporation and Shell Oil Company along with Neste and LanzaTech, Inc.

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