Nasdaq HOUSTON – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large scale move to clean fuels. Global oil prices LCOc1 have remained in a range between $75 and $85 per barrel, a level fueling profits but not hurting economic
Nasdaq WASHINGTON – The U.S. Department of Energy said on Wednesday it is granting $750 million to projects across 24 states that are building capacity to produce and use clean hydrogen. Hydrogen is a fuel that the administration of President Joe Biden sees as crucial to reducing use of fossil fuels and cutting emissions from hard-to decarbonize industries such as
Yahoo Finance UK-based supermajor Shell has been updating its strategy on climate targets and could announce a slower pace of its emissions reductions later this week, anonymous sources with knowledge of the discussions have told Bloomberg. Shell is set to announce an update to its energy transition strategy on Thursday, March 14. The oil and gas major has been considering slowing
World Oil (WO) – BAE Systems and the Environmental Defense Fund (EDF) announced the successful launch of the MethaneSAT satellite from Vandenberg Space Force Base in California on March 4, 2024. The satellite will provide the public with reliable scientific data about the sources and scale of methane emissions globally, with the ultimate goal of driving reductions in the near
World Oil (WO) – Cost-efficient decommissioning has received a significant boost with the relaunch of a bigger, better digital data dashboard providing vital information about upcoming work to potential suppliers. The Decommissioning Data Visibility Dashboard now includes field-specific information from 15 operators, compared with three when it was piloted by the North Sea Transition Authority (NSTA) and the Decommissioning and
Oil Price Despite a decline in fossil fuel use in developed economies, global energy-related emissions rose last year to another record-high level as coal use rose in major developing markets hit by low hydropower generation, the latest emissions report by the International Energy Agency (IEA) showed on Friday. Global energy-related carbon dioxide (CO2) emissions grew by 1.1% in 2023, or by 410
Nasdaq SYDNEY – Australia plans to unveil a range of financial incentives to drive investment in the local clean energy sector and keep money and talent from being pulled overseas by subsidies in the U.S. and Europe, the Australian Financial Review reported on Friday. Like countries across the developed world, Australia is responding to the massive raft of clean energy
Oil Price Carbon capture has failed for decades and policymakers need real solutions to emissions reductions, not a “complete falsehood” such as CCS, according to Andrew Forrest, the Australian billionaire who is the founder of iron ore producer Fortescue Metals Group. “We’re going to keep burning fossil fuels and somehow magically get rid of the carbon down into the ground
World Oil (WO) – On Friday, the Independent Petroleum Association (IPAA) and 25 other state, regional and national oil and gas associations wrote to congressional leadership urging action on methane regulations that could have a detrimental impact on our nation’s energy supply. In their letter, the groups express “serious concerns regarding the impact of the Environmental Protection Agency’s (EPA) new
World Oil (Bloomberg) – Hedge fund Bluebell Capital Partners called on bp Plc to bolster investments into oil and gas and cut spending on renewable energy, saying the company’s shift away from fossil fuels is misguided and weighing on the share price. bp should spend $1.5 billion a year more through 2030 on oil and gas production and halt any
Oil Price The U.S. Environmental Protection Agency (EPA) could introduce new emissions fees for the production of methane in oil and gas projects across the country if approved. This month, the EPA proposed a new rule to encourage clean energy deployment and decarbonisation, as well as to reduce methane emissions, aimed at some of the country’s biggest emitters. Some companies
Oil and Gas 360 The Wyoming Energy Authority has awarded CCF approximately $7.8 mm through the Energy Matching Funds program Machan Investments, CCF’s lead investor, has committed an additional $7.8 mm in equity capital to match and enable the funding award GILLETTE, Wyoming – January 17, 2024 – Cowboy Clean Fuels, LLC (“CCF,” “we,” “us,” “our,” or “the Company”), a
