Chevron (CVX) Invests in Solar Energy Technology Written By: Miranda Marquit 2008-05-27 11:40:52
For the most part, Big Oil is hesitant to embrace alternative energy, preferring instead to push for more drilling. For some, however, it appears that the industry is seeing the writing on the wall. Even Big Oil execs know that the days of fossil fuels may be numbered. As a result, Exxon (XOM) is heading into the business of hybrid car batteries, BP (BP) is investing in jatropha and Chevron (CVX) is looking into solar energy.
China Beats Big Oil to Iraqi Oil Fields Written By: Miranda Marquit 2008-08-29 10:17:07 Photo: skinr, Creative Commons, Flickr
While the U.S. is busy trying to govern Iraq and keep the peace, China has settled a deal with Iraq allowing it to be the first international oil company to develop a rather large discovered oil field in one of the areas of Iraq considered "new" in terms of oil production. CNPC, the state-run oil company in China, made a deal for a $3 billion contract for Adhab. The Guardian reports on China's continued competition against U.S. Big Oil companies for resources:
