(Oil Price) – Google has signed the first U.S. corporate power purchase agreement involving natural gas with carbon capture, marking a major shift in how Big Tech plans to fuel the data-hungry future of artificial intelligence. The deal centers on the Broadwing Project, a 400-megawatt gas-fired power plant planned for Decatur, Illinois, developed by privately held Low Carbon Infrastructure. The plant
(Oil Price) – The United States and Qatar have joined forces for a fresh warning to Brussels that its corporate sustainability directive risks LNG imports from two of the world’s biggest exporters at a time when the EU is trying to ban all Russian gas imports. Per a joint letter cited by the Financial Times, Washington and Doha are concerned that the directive
(World Oil)– Greenhouse gas emissions from the Permian Basin have declined nearly 20% since 2022 even as oil and gas production increased, according to a new analysis by S&P Global Commodity Insights. The report highlights significant progress in methane detection and mitigation technologies across one of the world’s most productive hydrocarbon regions. Between 2022 and 2024, total Permian emissions fell
(Investing)– The U.S. government is considering canceling billions of dollars in funding for clean energy programs, including awards for auto manufacturing and carbon capture, according to a list of targeted projects seen by Reuters. Projects on the list include two major direct air capture hubs that received billion-dollar awards from former President Joe Biden’s administration, including one that involves oil
(Investing) – The U.S. government is considering cancelling $12 billion in Congressionally-mandated funding for clean energy projects beyond the cuts announced last week, a list of targeted projects seen by Reuters showed. The projects on the list include two major direct air capture hubs that received billion-dollar awards from the administration of former President Joe Biden, including one that involves
(World Oil) – Tracerco has introduced its proprietary chemical tracer technology into a U.S.-based carbon capture and storage (CCS) project for the first time, marking a milestone for monitoring CO₂ containment in large-scale sequestration. With decades of experience applying tracer technology in enhanced oil recovery (EOR), the company has adapted its tools for CCS, enabling operators to track plume migration,
(Oil Price)– Energy security and affordability have trumped fears of stranded assets in recent years, prompting the world’s biggest international oil and gas firms to shift focus back to exploration after years of trying to develop clean energy solutions. Big Oil has scaled back investments in renewables, at least those majors that tried to become key green energy providers, as
(Oil Price) – U.S. Energy Secretary Chris Wright blasted net-zero targets as a “colossal train wreck” ahead of his trip to Europe for a gas summit and meetings with EU officials, warning the push for climate policies could weaken energy security and derail a U.S.–EU trade deal. “Net zero 2050 is just a colossal train wreck,” Wright told the Financial Times
(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. Providence is a privately held energy investment and management company formed in 1993 and based in Dallas, Texas. Over the past 32 years Providence has acquired and managed upstream oil
(Oil Price) – Will Artificial Intelligence be the downfall of the clean energy transition, or the catalyst that makes it possible? The answer is complicated, and somehow contains a bit of both. Training the large language models that power AI is incredibly energy-intensive, and as models like ChatGPT and DeepSeek become increasingly complex, each individual query can rack up a serious
(Oil & Gas 360) – Don’t Miss The Energy Transition and Emerging Technology Session at EnerCom Denver – The Energy Investment Conference, celebrating its 30th anniversary this August! Registration is still available for EnerCom Denver – The Energy Investment Conference. The full schedule for the conference can be found at www.enercomdenver.com. Login to join. In recent years, the Energy Transition
(World Oil)– The Trump administration and Environmental Protection Agency (EPA) Administrator Lee Zeldin have announced the agency will reverse the 2009 ‘endangerment finding’, which made greenhouse gases, including carbon dioxide (CO₂), pollutants subject to agency regulation. This finding provided the legal framework to regulate CO₂ and enabled the Net Zero movement to gain traction both in the U.S. and worldwide.
