At first blush it reads like a press release posted when there's little else for a public relations department to talk about that day. There's more to SLB's (NYSE: SLB) plans to acquire 80% of Aker Carbon Capture, however, than there seems to be on the surface. While the $400 million earmarked for the ...
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Carbon capture and storage (CCS) could become a vital solution to helping reduce carbon emissions. This means it has the potential to be a massive commercial opportunity. ExxonMobil (NYSE: XOM) sees CCS growing into a $4 trillion global market by 2050, while Occidental Petroleum (NYSE: OXY) believes ...
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The U.S. produced 12.9 million barrels of oil per day (BPD) last year. That was the most crude oil produced by any country in history (and well ahead of rivals Russia, with 10.1 million BPD, and Saudi Arabia's 9.7 million BPD). It shattered the country's previous record of 12.3 million BPD in 2019. The ...
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