In June, Chevron has no plans to scale back, upstream job count in Texas is growing, Shell buys stakes from BP and some energy events have been postponed until 2022. Continue reading our oil and gas news round up to learn more about what’s happening in the industry this month.
Chevron has no Plans to Shrink
The Chevron Corporation has no plans to scale back its oil and gas business for wind and solar energy unlike some rivals. The company said it would instead invest $3 billion into lowering emissions between now and 2028. Chevron’s shareholders voted in favor of the proposal to cut emissions generated by the use of its products.
To read more about this business proposal check out the full article here.
Texas Upstream Job Count Grows
The Texas Oil and Gas Association (TXOGA) reported that the state’s upstream employment sector has risen 7.9% since September of 2020–that’s an estimated 12,500 jobs. The organization also noted that the state’s tally of upstream jobs now totals 170,000.
For more information on the growth of Texas’ upstream sector click here.
Shell Buys BP’s Stake in North Sea Field
This month Shell announced that it had agreed to acquire BP’s 27.5% stake in the Shearwater North Sea gas field–this raises their stake to 55.5%. Shell, which operates the Shearwater hub, exercised its right of first refusal to the stake after BP agreed last month to sell its stake to a private oil producer, Tailwind.
Click here to read all details in oil and gas 360’s article.
Energy Events Postponed until 2022
Reed Exhibitions Limited has announced that the All-Energy and Dcarbonise co-located events have been postponed until May 11th and 12th of 2022. Although in person events have been delayed, Reed Exhibitions noted that a virtual Dcarbonise Week will be held in early fall of this year.
For more information on the webinar series check out the full article here.
Reach Out to Tiger General
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