Carbon Capture

Zephyr Energy readying to production test completed well in Paradox Basin

Zephyr Energy readying to production test completed well in Paradox Basin

World Oil


Zephyr Energy plc, the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, continues to prepare for extended production testing of its successfully drilled and completed State 16-2 LN-CC well. All relevant applications …

Source: Reuters

U.S. to spend more than $500 billion on climate over a decade under three laws, study says

US News


The U.S. government will spend more than $500 billion on climate technology and clean energy over the next decade under three recently enacted laws, an analysis by non-profit RMI found.

 

The tally is based on this month’s

Source: World Oil

OEUK issues new guidance for oil and gas producers to reduce key greenhouse gas

World Oil


The leading trade body for the UK’s offshore energy industry, Offshore Energies UK (OEUK), launched new guidelines to help oil and gas companies reduce methane emissions from the production of oil and gas.

The guidelines come as OEUK …

Source: Reuters

Exclusive: Biden EPA to tackle coal industry carbon with rules on other pollutants

Yahoo News


GUAYAMA, Puerto Rico – The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the retirement of the nation’s remaining coal-fired power plants, after the Supreme Court …

July 29, 2022 - 12:00 pm Carbon Capture, Closing Bell Story‎, Coal News, Energy News
Source: Reuters

U.S. Energy Dept eyes $165 mln investment in geothermal, oil and gas group

Nasdaq


The U.S. Department of Energy is planning up to a $165 million new investment in a geothermal power initiative that would utilize expertise from the oil and gas industry to unlock energy resources and move away from fossil fuels.…

Denbury expands CO2 sequestration portfolio with additional site in Louisiana’s industrial corridor

Denbury expands CO2 sequestration portfolio with additional site in Louisiana’s industrial corridor

Oil and Gas 360


Publisher’s Note: Denbury, Inc. is a presenter at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend and hear their story.

 

High-quality storage reservoir less than 5 miles from Company’s CO

Source: AEGIS

CFTC approves AEGIS swap execution facility

Oil and Gas 360


Publisher’s Note- AEGIS Hedging Solutions is a sponsor and presenter at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend and listen to their story.

 

First approval since CFTC clarified SEF

Source: World Oil

Energy investor: Shale drillers must speed up climate pledges

World Oil


Publisher’s Note: Civitas Resources will be participating at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend.

(Bloomberg) — More U.S. shale producers should aim for net-zero emissions, while drillers that have already made climate …

Source: CNBC

A coming copper shortage could derail the energy transition, report finds

CNBC


An all-electric future depends heavily on copper, and looming supply shortfalls could hamper nations’ goals of reaching net-zero emissions by 2050, according to a new report from S&P Global.

 

Unless significant new supply becomes available, climate goals will

FINNAIR and Gevo enter into sustainable aviation fuel sales agreement for 7 million gallons of per year over five years

FINNAIR and Gevo enter into sustainable aviation fuel sales agreement for 7 million gallons of per year over five years

Oil and Gas 360


Publisher’s Note: Gevo, Inc. will be presenting at EnerCom Denver Conference on August 7-10, 2022. Register to attend. 

FINNAIR and Gevo enter into sustainable aviation fuel sales agreement for 7 million gallons of per year over five years- oil and gas 360

June 21, 2022 – ENGLEWOOD, Colo., June 21, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased …

Source: Reuters

Initiative launched to rank corporate climate claims using carbon offsets

Yahoo News


LONDON – A consultation for a global standard to assess companies’ claims about progress towards internal climate targets and their use of carbon offset credits launched on Tuesday, seeking to bring transparency to an unregulated market.

Many global …

Source: Reuters

Exxon shareholders back board and vote no to faster carbon emission cuts

Nasdaq


HOUSTON- Exxon Mobil Corp XOM.N shareholders on Wednesday backed the energy company’s climate strategy, voting against supporting a resolution filed by activist group Follow This urging faster action to battle climate change.

Shareholders approved, in the preliminary voting session, …

Source: Reuters

Chevron says world’s largest carbon capture project has ‘a ways to go’ to meet goals

US News


MELBOURNE – Chevron Corp’s Gorgon carbon capture and storage (CCS) project in Australia is working at only half its capacity nearly three years after starting up and the company has no timeframe for delivering on targets it has

Source: Reuters

EU plans one-year renewable energy permits for faster green shift

Yahoo Finance


BRUSSELS – The European Union executive wants to speed up the bloc’s green transition and cut its reliance on Russian fuels by allowing some renewable energy projects to receive permits within a year, a draft document shows.

Brussels …

Source: CNBC

Energy secretary explains why feds are spending $2.5 billion on carbon capture

CNBC


The U.S. Department of Energy announced on Thursday it was taking its first steps to disburse more than $2.3 billion for carbon capture technology included in Biden’s Bipartisan Infrastructure Law, which the president signed in November, for carbon …

Source: World Oil

OTC 2022: An evolving energy company–how CCS fits

World Oil


Building an offshore oil company from scratch as a secondary asset owner, by buying producing properties from the majors, is the way we started, said Talos Energy Founder, President and CEO Tim Duncan during a keynote presentation at …

Source: World Oil

OTC 2022: Reaching net zero will require more investment in oil, gas and renewables

World Oil


The pandemic had a unique impact on the energy industry and will pave the path of the energy transition on its way to net zero emissions, Society of Petroleum Engineers President Kamel Ben-Naceur said during a keynote presentation …

Source: Reuters

BP to keep betting on lower carbon, more economical offshore oil output

Investing


HOUSTON – British oil major BP (LON:BP) will continue betting on “lower carbon, more economical” offshore oil and gas exploration and production, a company executive said on Monday, warning that lack of investment could lead to global …

Source: World Oil

Energy transition still means billions in fossil-fuel investment

World Oil


(Bloomberg) — The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of …

CIPA names AEGIS preferred commodity hedging and carbon compliance partner

CIPA names AEGIS preferred commodity hedging and carbon compliance partner

Oil and Gas 360


SACRAMENTO, Calif.–(BUSINESS WIRE)–The California Independent Petroleum Association (“CIPA”), a non-profit, non-partisan trade association representing approximately 500 independent crude oil and natural gas producers, royalty owners, and service and supply companies operating in California, has

Source: CNBC

BP deal sends Nasdaq-listed EV charging stock Tritium surging

CNBC


Tritium and BP have entered into a multi-year contract related to the supply of electric vehicle chargers, in the latest example of how energy majors are looking to cement their position in the burgeoning EV market.

According to a …

Source: CNBC

Sustainable recovery spending could be derailed by commodity price spikes following Ukraine war

CNBC


The world’s governments have pledged more than $710 billion to “sustainable recovery measures” by the year 2030 since the beginning of the Covid-19 pandemic, the International Energy Agency has said.

This is a 50% increase compared to the figure …

Source: Bloomberg

Biden poised to use cold-war powers to boost battery metals

Bloomberg


President Joe Biden is poised to invoke as soon as this week Cold War powers to encourage domestic production of critical minerals for electric-vehicle and other types of batteries, according to people familiar with the matter.

The White House …

Source: Reuters

Occidental plans 70 plants to capture carbon from air by 2035

World Oil


(Bloomberg) — Occidental Petroleum Corp., the shale giant backed by Warren Buffett, plans to build 70 carbon capture facilities around the world by 2035 that will each remove as much as 1 million tons per year of the …

Source: CNBC

Shell’s board of directors sued for ‘failing to properly prepare’ for the energy transition

CNBC


Shell’s board is being sued for failing to prepare the multinational oil and gas company for the transition away from fossil fuels.

Environmental law firm ClientEarth, a Shell shareholder, said Tuesday that it had notified Shell of its

Source: Reuters

Schlumberger launches business to eliminate industry’s methane and routine flare emissions

World Oil


Schlumberger announced the launch of Schlumberger End-to-end Emissions Solutions (SEES). The business offers a comprehensive set of services and cutting-edge technologies designed to give operators a robust and scalable solution for measuring, monitoring, reporting and, ultimately, eliminating methane …

EnerCom announces preliminary list of participating companies at the EnerCom Dallas Energy Investment and ESG Conference, April 6-7, 2022

EnerCom announces preliminary list of participating companies at the EnerCom Dallas Energy Investment and ESG Conference, April 6-7, 2022

Oil and Gas 360


DENVERFeb. 28, 2022 /PRNewswire/ — EnerCom, Inc. announces participating companies for the EnerCom Dallas Energy Investment & ESG Conference on April 6-7, 2022. EnerCom Dallas is a financial conference that allows institutional investors …

Source: Reuters

U.N. pact may restrict plastic production. Big Oil aims to stop it

US News


United Nations member states are set to meet this month in Nairobi to draft the blueprint for a global plastics treaty, a deal that could see countries agree for the first time to reduce the amount of single-use

February 18, 2022 - 1:30 pm Carbon Capture, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

EU considering more transparent carbon market reporting – draft

Yahoo Finance


BRUSSELS – The European Union is considering making more information available on trading in its carbon market, according to a draft document, amid calls from some governments to limit financial speculators’ participation in the scheme.

Tougher EU climate …

Source: Reuters

EXCLUSIVE U.S. climate envoy Kerry names Rick Duke as deputy

Reuters


WASHINGTON, Feb 7 – U.S. Special Climate Envoy John Kerry has nominated one of his senior advisors, Rick Duke – the architect behind an international deal last year to reduce emissions of the greenhouse gas methane – to be …