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CommodityOilPrice.com

Chevron Raises Exploration Spending By 50%

After years of focusing on growing exploration and production in the U.S. Gulf of Mexico and the Permian shale basin, U.S. oil and gas supermajor Chevron returns to high-impact frontier exploration as it seeks to renew its portfolio with diverse opportunities globally. Exploration in South America, Africa, and the Eastern Mediterranean is now a key focus of Chevron’s upstream business, which the…

CommodityOilPrice.com

U.S. Intelligence: China Could Put Laser Weapons in Space by 2030

A new United States intelligence report warns that China is developing energy weapons and spaceplanes that it could use for military operations in outer space, with the capability of using directed-energy weapons in orbit by the end of the 2020s. The US Defence Intelligence Agency (DIA) report, published on Sunday, includes a rare image of the newly developed reusable spaceplane. The DIA report,…

CommodityOilPrice.com

Jackdaw Approval Sparks Fierce Debate Over Britain's Energy Future

The United Kingdom approved the development of the Jackdaw North Sea gas field on the 21st of October following years of legal battles and political uncertainty. Jackdaw is a large offshore natural gas field in the North Sea, owned by Adura, a joint venture between Shell and Equinor, since 2025, located around 240 km east of Aberdeen in Scotland. The field was approved by the U.K. government in…

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