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Chevron New Energies, Crowley invest in marine hydrogen tech company Zero Emission Industries

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The round is led by Chevron New Energies with additional investment from US-based shipping and logistics company Crowley. The investments from Chevron and Crowley create an integrated value chain from hydrogen production to power systems to vessels.

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Chevron invests in nuclear fusion start-up Zap Energy

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Chevron Corporation made a Series A investment in Zap Energy Inc. , Zap Energy will use the funds raised in this round to continue technology development and grow its development team. Viable fusion energy approaches must confine high-temperature plasmas at sufficient density for long durations. Resources. “

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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 says that its non-radioactive approach represents the fastest, most practical, and economically competitive solution to bring abundant carbon-free energy to the grid. TAE’s fifth-generation reactor, Norman, was unveiled in 2017 and was designed to keep plasma stable at 30 million degrees Celsius.

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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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Capital cost for the project, which is expected to begin oil production around the end of 2017, is estimated at $14 billion. Source: Chevron. Current cost estimates reflect advanced project definition and current market and foreign exchange rates. Hebron co-venturers are Chevron Canada Limited (26.7%), Suncor Energy Inc.

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

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Royal Dutch Shell plc announced the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.

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GlobalData: best performing wells in Permian break-even at as low as US$22 per barrel

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Well lateral lengths in the Permian have increased in average by more than 1,500 feet (ft) since 2016 to approximately 7,500 ft by the end of 2017, says GlobalData, a leading data and analytics company.

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UK Government approves Statoil’s US$7B development of North Sea Mariner heavy oil field

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The UK government’s Department of Energy and Climate Change (DECC) approved the field development plan put forward by Statoil and its co-venturers for the Mariner heavy oil field. Statoil expects to start production from Mariner in 2017, and the field is expected to produce for 30 years. Location of the Mariner field. Click to enlarge.

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