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Shell to Pull Out of Energy Investments in Russia

LONDON — Global oil and gas giant Shell said Feb. 28 that it is pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost the country’s all-important energy industry foreign investment and expertise.

February 28, 2022

Hyliion Receives Order for 50 Hypertruck ERX Powertrains

Hyliion Holdings Corp. announced private fleet GreenPath Logistics ordered 50 Hyliion Hypertruck ERX powertrains.

February 28, 2022

BP Exits Stake in Russian Oil, Gas Company Rosneft

BP is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia’s invasion of Ukraine.

February 28, 2022

Chevron to Buy Renewable Energy Group for $3.1 Billion

Chevron Corp. agreed to buy green diesel producer Renewable Energy Group Inc. for $3.1 billion in the biggest low-carbon deal of CEO Mike Wirth’s four-year tenure.

February 28, 2022

Exxon to Build $400 Million Wyoming Carbon-Capture Project

Exxon Mobil Corp. reached a final investment decision on expanding a carbon-capture facility at LaBarge in Wyoming with the $400 million endeavor expected to start up by 2025.

February 25, 2022

Northvolt Plans a Third Battery Materials Factory in Sweden

Northvolt AB plans to convert a closed paper mill in Sweden into a new battery materials factory, adding a third production facility in the Nordic country to supply demand fueled by the growing electrification of transport.

February 25, 2022

Oil Pulls Back From $100 Amid Report That Putin Is Open to Talks

Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment.

February 25, 2022

Rocky Mountain States to Team Up on Hydrogen Tech Proposal

CHEYENNE, Wyo. — Four Rocky Mountain states will cooperate on developing ways to make the most abundant element in the universe, hydrogen, more available and useful as clean-burning fuel for cars, trucks and trains, the states’ governors announced Feb. 24.

February 25, 2022

Hyliion Posts First-Ever Revenue in Q4

Hyliion Holdings Corp. reported a fourth-quarter net loss and modest first-time revenue as its work on providing electrified powertrains for Class 8 trucks continued.

February 24, 2022

TMC to Tackle Electrification in First Annual Meeting Since 2020

American Trucking Associations’ Technology & Maintenance Council plans to focus its annual meeting on electrifying performance in maintenance management.

February 24, 2022