Carbon Capture

Source: Reuters

Oil industry groups urge Biden administration to revise greenhouse gas reporting rule

World Oil


(WO) – The American Petroleum Institute urged the Biden administration to revise the proposed Subpart W greenhouse gas (GHG) reporting rule so that it reflects the progress industry has made to reduce emissions, increases transparency and accuracy of …

Source: Reuters

International Energy Agency oil demand claims: Their headlines may please the masters, but the data usually says something else

BOE Report


The International Energy Agency, a Paris-based intergovernmental organization that regularly publishes energy research and outlooks, was in the news again the other week. “No new oil, coal projects needed as fossil fuel demand to peak this decade” blared …

Source: Reuters

US power grids must adapt to rapid electrification, operators say

Nasdaq


Rapid electrification poses risks to power grids across the United States that are straddling the twin goals of decarbonizing the sector and maintaining reliable supply, grid operators told U.S. lawmakers on Thursday.

Appearing before the Energy, Climate, and Grid …

Source: Reuters

Exclusive: Shell CEO comes under pressure from within on renewables shift

Nasdaq


LONDON – Shell SHEL.L CEO Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not to scale back investments in renewable energy, sparking an …

Source: World Oil

World Petroleum Congress: Oil, gas industry “more comfortable than ever” with energy transition

World Oil


(Bloomberg) – Oil ministers and fossil-fuel company executives descended on Canada’s energy capital this week for the World Petroleum Congress. And even as oil prices threatened to break the $100-per-barrel mark, it was the global transition to cleaner …

Source: Reuters

LSU research team pursues orphaned wells to reduce methane leaks in Louisiana

World Oil


(WO) – There are currently more than 4,500 orphan oil wells in Louisiana. Nearly 450 of these wells were tagged “orphan” in 1994, which means they have been dormant, and have possibly been leaking methane gas for nearly …

September 22, 2023 - 11:30 am Carbon Capture, CO2 Capture, Crude Oil News, Energy News
Source: Reuters

ExxonMobil lobbies Biden administration for tax credits for hydrogen made from natural gas

World Oil


(Bloomberg) – Exxon Mobil Corp. is lobbying the Biden administration to allow hydrogen made from natural gas to qualify for some of the most lucrative subsidies available in the President’s signature climate law, pushing for billions of dollars …

Source: World Oil

Oil must play major role in global energy transition, Exxon, Aramco CEOs say

World Oil


(Bloomberg) – The heads of Saudi Aramco and Exxon Mobil Corp. took to the stage at a major industry event Monday to voice support for the global transition to cleaner forms of energy, but one in which oil …

API: U.S. oil, natural gas industry reduces methane emissions across supply chain

API: U.S. oil, natural gas industry reduces methane emissions across supply chain

World Oil


(WO) – The Environmental Partnership released its fifth annual report demonstrating the U.S. oil and natural gas industry’s actions in reducing methane emissions, improving detection methods and sharing best practices across the industry. The Partnership’s participating companies, which …

Source: Oil Price

Canada’s oil and gas industry cuts emissions while boosting output

Oil Price


Canada’s oil and gas companies have managed to boost production from conventional resources while reducing carbon dioxide and methane emissions over the decade to 2021, the industry association CAPP has reported.

Between 2012 and 2021, CAPP said, …

Source: Reuters

Carbon pipeline operator Denbury considered over 28 proposals prior to ExxonMobil deal

World Oil


(Bloomberg) – Denbury Inc. held talks with more than two dozen potential buyers and rejected two offers from ExxonMobil Corp. before finally agreeing to sell itself to the Texas oil giant for $4.9 billion in stock last month.…

Source: World Oil

Major LNG buyers partner to limit methane emissions

World Oil


(Bloomberg) – The U.S., the European Commission, Japan, South Korea and Australia are collaborating to limit methane emissions from liquefied natural gas (LNG) supply chains as concerns mount over the climate impact from leaks of the potent greenhouse …

Source: World Oil

API joins over 100 trade groups urging Biden administration to reverse course on tailpipe emissions standards

World Oil


WASHINGTON, July 11, 2023 — The American Petroleum Institute (API) joined with over 100 other trade groups representing diverse businesses across the transportation sector in urging the Biden administration to reverse course on its proposed tailpipe emissions standards …

Source: Reuters

Tackle demand, not supply, to cut emissions, oil bosses say

Yahoo Finance


VIENNA -The bosses of global energy companies this week urged governments to shift the focus to limiting oil demand to reduce emissions, rather than pressuring producers to curb supply, which they say serves only to increase prices.

Some …

Source: World Oil

EPA’s new carbon pollution standards have “significant flaws,” Chamber analysis shows

World Oil


(WO) — A new analysis by the U.S. Chamber’s Global Energy Institute finds significant flaws with the methodology used in EPA’s new carbon pollution standards for coal and natural gas-fired power plants.

“The Chamber strongly supports a low …

Total Helium ramps up operations with first 15 wells at Pinta South project

Total Helium ramps up operations with first 15 wells at Pinta South project

Oil and Gas 360


Vancouver, British Columbia, June 26, 2023 – Total Helium Ltd. (TSX-V: TOH), (OTCQB: TTLHF), (FRA: Y02.F) (“Total Helium” or the “Company”) is pleased to provide a follow-up operational update on its Pinta South Project in the …

Source: Reuters

ExxonMobil “scales up” carbon capture business in Louisiana with $600,000 university donations

World Oil


(WO) – Louisiana’s Vermilion Parish will be home to a landmark CO2 transportation and storage project ExxonMobil is building to help the state’s industries reduce their emissions.

 

 

 

As the University of Louisiana at Lafyette has …

Source: Reuters

American Carbon Registry lists “first of it’s kind” oil, gas well plugging project by Rebellion Energy

World Oil


(WO) – On June 8, a Rebellion Energy Solutions methane-abatement and land-restoration project became the first orphan oil-and-gas well plugging project to be listed by the American Carbon Registry. Rebellion’s project, for which it completed operations last month, …

Source: Reuters

FOCUS-Rich US subsidies may hobble Canada’s clean-fuel efforts

Nasdaq


WINNIPEG, Manitoba – Canadian biofuels producers are threatening to build their next projects in the United States to cash in on rich subsidies for clean fuel and stay competitive, a move that could cost Canada C$10 billion ($7.5 billion) …

Source: Reuters

Exxon to continue producing oil, gas while pursing carbon capture technology, CEO says

World Oil


(Bloomberg) – European leaders looking to tackle climate change should look to U.S. policy and “let the market work” to avoid driving companies away with prescriptive regulations, ExxonMobil Corp. Chief Executive Officer Darren Woods said.

“I think it’s …

Source: Reuters

Chevron: Natural gas to play “long-term” role in curbing emissions

World Oil


(Bloomberg) – Chevron Corp. said natural gas will play a long-term role in curbing emissions, bucking some environmental groups that see the fuel’s role as a temporary bridge to a low-carbon economy.

To that end, European buyers are …

Source: CNBC

The intensity of methane emissions from oil and gas sector has declined, study finds

CNBC


The intensity of methane and greenhouse gas emissions from the oil and gas sector declined 28% and 30%, respectively, between 2019 and 2021 among the largest producers in the country, despite an increase in natural gas production, according to

Source: Reuters

U.S. and Australia sign clean energy pact

Oil Price


The United States and Australia agreed this weekend on a clean energy manufacturing pact with a focus on the energy transition and emissions reduction.

 

The so-called Climate, Critical Minerals, and Clean Energy Transformation Compact establishes climate and …

Source: Reuters

Exxon rebuts proxy advisor, says net zero emissions scenario ‘unlikely’

Nasdaq


HOUSTON – Exxon Mobil Corp XOM.N has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters.

In a reply on …

Source: World Oil

Chevron’s flagship carbon capture and storage project “stuck” at one-third capacity

World Oil


(Bloomberg) – Chevron Corp.’s flagship carbon capture and storage project in Australia faces years of work to hit full capacity, underscoring the challenge of a technology seen as necessary to help the world hit climate goals.

The Gorgon …

Exclusive Interview: Maximizing E&P value by increasing oil production from existing wells with Hydroacoustics, Inc.

Exclusive Interview: Maximizing E&P value by increasing oil production from existing wells with Hydroacoustics, Inc.

Publisher's Note: Dan Genovese with EnerCom met with Kevin Blackman, President and John H. Benton, Chief Development Officer of Hydroacoustics, Inc. to discuss their oil recovery technology as a cost-effective option to improve oil recovery, increase injectivity, and prolong the

Exclusive Interview: Focus on employee safety using advanced technology from Magellan X.

Exclusive Interview: Focus on employee safety using advanced technology from Magellan X.

Publisher's Note: Dan Genovese with EnerCom met with Basheer Cassim, Group CEO of Magellan X to discuss their oil and gas technology as a cost-effective option to improve employee safety.

 

Magellan X develops and invests in Environment, Social and

Source: Oil Price

Exxon: Decarbonization business is set for huge growth

Oil Price


Last month, Exxon Mobil (NYSE:XOM) pulled the plug on its 14-year-long algae biofuels project, becoming the last oil company to abandon what was once considered the fuel of the future. The whole idea was not without merit, though. …

Source: Oil Price

U.S. unveils supply chain requirements for EV tax credits

Oil Price


The U.S. government has unveiled tighter rules on electric vehicle (EV) tax credits to curb the nation’s reliance on China’s EV battery supply chains.

 

As part of President Joe Biden’s push to make 50% of U.S. new

Colorado can eliminate emissions from legacy oil production facilities and significantly improve air quality

Colorado can eliminate emissions from legacy oil production facilities and significantly improve air quality

Oil and Gas 360


OPINION: Eyal Aronoff is Chief Executive Officer of Pioneer Energy. Pioneer Energy will be giving a presentation at 4:10pm Central Time on Tuesday, April 18, 2023 at The Energy Venture Summit at EnerCom Dallas at