Carbon Capture

Source: Reuters

Energy transition metals poised for uneven, explosive run higher

Reuters


LONDON/HANOI – Buoyed by powerful demand expectations as the world moves away from reliance on fossil fuels, prices of many industrial metals rocketed, but future price rises are likely to be limited to a select few energy transition ingredients.…

Source: Reuters

Big Oil’s move to offshore wind risks inflating seabed prices – Orsted

Reuters


COPENHAGEN – The world’s largest offshore wind developer Orsted ORSTED.CO is concerned that Big Oil’s eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters.

European …

Source: Reuters

Russia says EU carbon border tax may impinge on global trade rules

Reuters


MOSCOW – Russian Deputy Prime Minister Alexander Novak said on Thursday that the European Union’s plans to impose carbon emission costs on imports of goods may clash with the global trade rules and threaten the safety of energy supplies.

Source: Nasdaq

Shell plans to bid in Norway’s 1st offshore wind tender

Nasdaq


OSLO – Oil major Shell (RDSa.L) teamed up with Norwegian utilities BKK and Lyse to bid in the Nordic country’s first offshore wind tender expected next year, the companies said on Thursday.

Shell has been active in oil …

Source: Reuters

Lundin sells ‘carbon neutral’ oil to South Korea’s GS Caltex

Offshore Engineer


Lundin Energy has sold an oil cargo certified as carbon neutral at the point of production to South Korean refiner GS Caltex in the first such sale of crude from Norway’s Johan Sverdrup field, the Swedish company said …

Source: Reuters

Repsol to present new green “transition” framework to investors

Nasdaq


LONDON – Spanish oil and gas firm Repsol REP.MC has hired banks to present a new transition financing framework to investors that will allow the company to issue sustainability-linked bonds, according to a lead manager on Monday.

HSBC and …

Source: Reuters

EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say

Reuters


NEW YORK -President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with …

Source: CNBC

Wind turbine giant Siemens Gamesa lays out plan to drive down cost of ‘green’ hydrogen

CNBC


So-called “green” hydrogen production using onshore wind turbines could achieve price parity with fossil-based hydrogen by the year 2030, according to a white paper from Siemens Gamesa Renewable Energy.

In a statement on Wednesday the firm — a …

Source: NPR

Big Oil (Probably) isn’t going away anytime soon. But it’s definitely changing

NPR


Big Oil is standing on the precipice of something. But no one can agree what it is. A long, slow decline? An abrupt collapse? A remarkable reinvention?

Mounting urgency about climate change has finally reached the boardrooms of …

EQT partners with Cheniere and others to advance GHG emissions monitoring technologies and protocols

EQT partners with Cheniere and others to advance GHG emissions monitoring technologies and protocols

EQT


PITTSBURGH, June 10, 2021 /PRNewswire/ — EQT Corporation (NYSE: EQT) today announced that it has joined a project being led by Cheniere Energy, Inc., the largest U.S. producer of liquefied natural gas, and including several other upstream operators and …

Source: Reuters

Canada’s oil sands producers form alliance to achieve net-zero emissions by 2050

Reuters


Canadian oil sands producers said on Wednesday they would form an alliance to achieve net-zero greenhouse gas emissions from their operations by 2050, as the cash-rich firms come under pressure to meet the country’s goal on energy transition.

Oil …

Source: Reuters

Shell to step up energy transition after landmark court ruling

Reuters


LONDON – Royal Dutch Shell will seek ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely

Source: Reuters

Pembina Pipeline to buy 50% stake in Canada’s proposed Cedar LNG

Reuters


Pembina Pipeline Corp said on Tuesday it would buy a 50% stake in Canada’s proposed Cedar LNG Project to develop the floating liquefied natural gas facility in British Columbia in partnership with indigenous group, The Haisla Nation.

Pembina expects …

Source: Reuters

U.S. seeks less costly clean hydrogen in climate fight

Reuters


WASHINGTON – The Biden administration on Monday set a goal of reducing the cost of producing clean hydrogen, a fuel that could reduce dependence on others that emit greenhouse gases that cause climate change.

The Department of Energy (DOE) …

Goodnight Midstream announces the execution of a 100 percent renewable energy contract with TXU Energy

Goodnight Midstream announces the execution of a 100 percent renewable energy contract with TXU Energy

Supports Goodnight Midstream’s Commitment to Significantly Reducing CO2 Emissions

TXU Energy to Supply Goodnight with Clean Renewable Energy

DALLASJune 3, 2021 /PRNewswire/ — As part of its ongoing efforts to reduce greenhouse gas emissions, Goodnight Midstream LLC (“Goodnight”), …

Source: Reuters

BlackRock CEO says Shell decarbonisation ruling “not a solution”

Reuters


MILAN – Last week’s Dutch court decision against Royal Dutch Shell RDSa.L is not the way to solve the global decarbonisation issue and risks shifting the problem to private firms, the head of the world’s largest money manager said …

Source: Reuters

Big oil shareholders revolt over poor long-run returns: Kemp

Reuters


LONDON -Exxon Mobil’s shareholder revolt has been framed as a climate change issue, but it reflects broader dissatisfaction with the board’s strategy and failure to generate returns for shareholders in recent decades.

Many institutional investors are pressing the major …

Source: Reuters

France’s Total to face climate plan pressure at investor meeting

Reuters


Several Total (TOTF.PA) shareholders plan to demonstrate their concern that the French firm is not doing enough to curb carbon emissions at its shareholder meeting on Friday, as global oil and gas companies come under growing environmental pressure.

The …

Source: CNBC

Dutch court rules oil giant Shell must cut carbon emissions by 45% by 2030 in landmark case

CNBC


LONDON — A Dutch court on Wednesday ruled oil giant Royal Dutch Shell must reduce its carbon emissions by 45% by 2030 from 2019 levels.

That’s a much higher reduction than the company’s current aim of lowering its emissions …

Source: Reuters

Suncor Energy aims for net-zero emission target by 2050

Reuters


Canada’s Suncor Energy (SU.TO) will partner with utility ATCO Ltd (ACOx.TO) to develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions.…

Source: Reuters

Global carbon pricing schemes raised $53 billion in 2020 – World Bank

Reuters


LONDON – Countries around the world raised $53 billion last year by charging firms for emitting carbon dioxide (CO2), up almost 18% from 2019 as some imposed new levies and prices in some existing schemes rose, the World Bank …

Source: catahoularesources.com

Battelle and Catahoula Resources forge partnership to accelerate carbon capture, utilization and storage

COLUMBUS, Ohio & HOUSTON–(BUSINESS WIRE)–Battelle and Catahoula Resources (“Catahoula”) will jointly develop solutions for the capture, transport and sequestration of carbon dioxide produced at ethanol facilities in Nebraska.

The agreement pairs the world’s largest private independent research …

Source: Reuters

U.S. engine maker Cummins plans plant for green hydrogen kit in Spain

Reuters


U.S. engine maker Cummins (CMI.N) said on Monday it would build a plant in Spain to make electrolyser systems that will be used to produce green hydrogen, a zero-carbon fuel which advocates hope can help wean economies off planet-warming …

Source: Reuters

U.S. lawmakers to propose tax credit for sustainable aviation fuel

Nasdaq


NEW YORK- U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry.

The legislation, seen by …

Source: Reuters

Shell shareholders increase pressure for further climate action

Reuters


LONDON – Royal Dutch Shell shareholders overwhelmingly backed the company’s energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change.

A non-binding resolution …

Source: Reuters

BP’s lobbying for gas shows rifts over path to net-zero emissions

Reuters


LONDON/BRUSSELS – Oil major BP BP.L has lobbied for the EU to support natural gas, a move that exposes divergent views among investors and reflects a wider European dispute about the role of the fossil fuel in the transition …

Big Oil won’t become major investors in renewable technology even as investment soars, IEA analyst says

Big Oil won’t become major investors in renewable technology even as investment soars, IEA analyst says

CNBC


Oil companies will increase their investment in renewables over the coming years but won’t become major investors in the technology that underpins the sector, according to a lead author of the International Energy Agency’s Renewable Energy Market Update.

Speaking …

Source: Reuters

Energy sector to bear brunt of stepped up German climate law: draft

Reuters


BERLIN – The German government expects the energy sector to play the biggest role in reducing carbon emissions by 2030, according to a draft of the reform to its climate protection law seen by Reuters on Thursday.

The draft …

Source: Reuters

Electric vehicles and renewables will need a dramatic rise in mineral supply, IEA warns

CNBC


The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met, according to the International Energy …

Source: Reuters

Italy’s Eni to shed retail-renewable energy stake

Reuters


MILAN- Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations.

Several European energy companies, including …