Chevron Offers Rival Drillers Chemical Technology to Boost Shale Oil Output
Chevron has announced it will license its chemical surfactants technology to ZL Chemicals, allowing other oil producers access to the innovation. The move aims to increase U.S. shale oil production by up to 20% in new wells and reduce decline rates in existing ones.
Tickers: $CVX
Topics: Chevron energy output shale oil production technology licensing