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US firm Occidental to acquire CrownRock for $12 billion
- Acquisition will result in 33% increase in Occidental's unconventional inventory
Aramco produces first unconventional tight gas from South Ghawar
- Company aims to deliver around 750 million standard cubic feet per day of raw gas from South Ghawar
Australian union set to strike at major Chevron LNG facilities from Sept. 7
- Workers on Chevron's two facilities to commence strike for several key rights, including wages, job security, rosters, working of overcycle and training standards
ExxonMobil says carbon emissions from energy will fall by 25% by 2050
- Lower-emission options, including renewable energy, biofuels, carbon capture and storage, hydrogen and nuclear will play important roles