Carbon Capture

Source: Reuters

Column: U.S. energy-related emissions likely to rise in 2022 and 2023

Reuters


U.S. energy-related carbon dioxide emissions are forecast to rise this year and next as strong economic growth overwhelms increases in energy efficiency, deployment of renewables and roll-out of electric vehicles.

The anticipated increase in emissions shows the United States

Source: Oil Now

Low-carbon operations will become key asset, Exxon out front with tech

Oil Now


Carbon capture and storage, (CCS) clean hydrogen and floating offshore wind are all low-carbon technologies that are on the cusp of mass commercialisation and where the oil and gas sector could achieve leadership and massive scale. Keen to …

Source: World Oil

Shale drillers delaying emissions cuts from operations, says Federal Reserve

World Oil


HOUSTON (Bloomberg) –Less than half of oil and natural gas drillers in the U.S. Great Plains and Rocky Mountains plan to curb emissions of carbon dioxide and methane this year, according to the Federal Reserve Bank of Kansas …

Source: Reuters

U.S. greenhouse gas emissions jumped 6.2% in 2021-report

Reuters


WASHINGTON – U.S. greenhouse gas emissions rose by 6.2% from 2020 levels last year as the use of coal-fired electricity jumped 17% and drivers returned to the roads after the first year of the coronavirus pandemic, according to a

Source: World Oil

Decarbonization goals fuel talent acquisition in energy-intensive industries

World Oil


As companies target net zero emissions by 2050, industrial decarbonization gathers momentum to embrace novel technologies, smart policies, robust investments, and new business models. To drive such initiatives, talent hiring is on the rise across industries, according to …

SM Energy announces new environmental targets–zero routine flaring by 2023

SM Energy announces new environmental targets–zero routine flaring by 2023

Oil and Gas 360


DENVER, Dec. 20, 2021 /PRNewswire/ — SM Energy Company (NYSE: SM) today announces that targets have been set to reduce Scope 1 and 2 emissions, further demonstrating the Company’s commitment to environmental stewardship. Specifically, SM Energy …

Source: Reuters

COLUMN-Developing countries need better access to low-emission energy technologies: Kemp

Reuters


The only way to reconcile rapidly rising energy consumption with reducing emissions will be ensuring non-OECD countries have access to new energy technologies as quickly and cheaply as possible.

If OECD policymakers are serious about reducing global emissions rapidly …

December 14, 2021 - 11:30 am Carbon Capture, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

At oil conference, low-carbon proposals steer clear of customer emissions

Nasdaq


HOUSTON, Dec 8  – As top oil and gas officials reconvene on Wednesday to discuss how they expect to respond to demands for more energy with lower greenhouse gas releases, one topic will be missing: Cutting emissions from customers’ …

December 8, 2021 - 12:30 pm Carbon Capture, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

OPEC sec gen says energy transition can not exclude fossil fuels

Nasdaq


HOUSTON, Dec 8 – The COP 26 climate change conference largely excluded the oil and gas industry, OPEC Secretary General Mohammad Barkindo told a gathering of oil officials on Wednesday, arguing producers need to be included in planning for …

Source: Reuters

Global oil CEOs stress need for fossil fuels despite push for cleaner energy

Reuters


HOUSTON -A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come.

The World Petroleum Conference’s four …

Source: CNBC

Huge $2.6 billion green hydrogen project planned for Europe

CNBC


Spanish power company Iberdrola and Sweden’s H2 Green Steel are to partner and develop a major facility that will produce green hydrogen, in yet another example of how companies are taking an interest in the much talked about sector.…

Source: CNBC

Exxon forecasts doubling earnings and cash flow by 2027 while reducing emissions

CNBC


Exxon Mobil on Wednesday outlined a corporate spending plan that it said will double earnings and cash flow by 2027 from 2019′s levels, while also reducing emissions. The plan comes as the oil giant reevaluates its long-term strategy following …

Onboard Dynamics signs investment agreement with BP Energy Partners

Onboard Dynamics signs investment agreement with BP Energy Partners

Oil and Gas 360


Publisher’s Note: Onboard Dynamics was a presenter at EnerCom’s 2021 The Energy Venture Investment Summit, EnerCom Dallas, and The Oil & Gas Conference.

BEND, Ore.Oct. 5, 2021 /PRNewswire/ — Onboard Dynamics, Inc. (“Onboard Dynamics” …

Carbon+Intel: DNV supports world’s first large-scale testing of submerged CO2 pipelines

Carbon+Intel: DNV supports world’s first large-scale testing of submerged CO2 pipelines

World Oil


OSLO – DNV, the independent energy expert and assurance provider, is working with Wintershall Noordzee (Wintershall) and the OTH Regensburg University of Applied Sciences to explore how existing natural gas pipelines in the southern North Sea can be …

Source: CNBC

Bill Gates’ TerraPower will build its first advanced nuclear reactor in a coal town in Wyoming

CNBC


TerraPower, a start-up co-founded by Bill Gates to revolutionize designs for nuclear reactors, has picked Kemmerer, Wyoming, as the preferred location for its first demonstration reactor. It aims to build the plant in the frontier-era coal town by …

Source: Reuters

U.S. offshore oil auction begins under court order, shadow of climate deal

Nasdaq


Nov 17  – The Biden administration on Wednesday will auction oil drilling rights to 80 million acres in the U.S. Gulf of Mexico days after joining a global agreement that for the first time targeted fossil fuels as the …

Source: CNBC

Oil and gas giants hit back at climate critics, say they’re leaders in energy transition

CNBC


The CEOs of some of the world’s leading energy companies have defended their position in the energy mix after the COP26 climate summit focused attention on the future of the industry.

Energy industry leaders and insiders were plentiful at …

Source: CNBC

‘No way around hydrogen’ says RWE CEO, as firm lays out plans to invest billions in renewables

CNBC


Hydrogen has a key role to play in the years ahead, especially in industrial applications, according to the CEO of German power company RWE.

“When you look long term, there is no way around hydrogen,” Markus Krebber, who

Source: World Oil

Carbon+Intel: Talos Energy, Freeport LNG to develop CCS project on Texas Gulf Coast

World Oil


HOUSTON – Talos Energy and Freeport LNG Development, L.P. announced that the companies have executed a letter of intent to develop a carbon capture and sequestration (“CCS”) project, the Freeport LNG CCS project (“FLNG CCS”), immediately adjacent to …

Source: World Oil

EU climate boss sees a role for natural gas in the green energy transition

World Oil


(Bloomberg) – European Union climate chief Frans Timmermans gave the clearest signal yet that the bloc is considering a role for natural gas under its green rulebook for investments, setting up a clash with some national governments.

Timmermans …

Source: Ocean News

Shell and Baker Hughes to collaborate on energy transition, net-zero emissions solutions

World Oil


Shell Global Solutions and Baker Hughes have signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and …

Source: Reuters

COP26: France falls in with group pledging to end oil and gas exploration

World Oil


(Bloomberg) –France has joined a group of countries and states that support fixing a date to end fossil fuel exploration, putting its name to an initiative that was snubbed by the UK

The Beyond Oil and Gas Alliance …

Shale firm EOG to launch carbon capture project by late 2022

Shale firm EOG to launch carbon capture project by late 2022

Reuters


U.S. shale oil firm EOG Resources on Friday said it aims to begin by late 2022 a carbon dioxide injection program to reduce greenhouse gases from its oil and gas production.

The Houston, Texas-based energy producer emphasized it had …

Pierce Transit to partner with United Energy Trading and PureWest Energy to fuel buses with carbon neutral, responsibly sourced gas

Pierce Transit to partner with United Energy Trading and PureWest Energy to fuel buses with carbon neutral, responsibly sourced gas

Oil and Gas 360


PureWest Energy, LLC (“PureWest”), a leading Environmental, Social and Governance (ESG)-focused independent natural gas producer with operations in the Rocky Mountain region, today announced an agreement with United Energy Trading, LLC and Pierce Transit

Source: CNBC

Larry Fink fears for the energy transition, warns of massive ‘market arbitrage’

CNBC


LONDON — Larry Fink, chair and CEO of BlackRock, says the so-called energy transition toward greener power has to be radically rethought and blasted oil firms for selling out to private companies.

Speaking at the Green Horizon Summit …

Source: Reuters

China targets a carbon-neutral economy by 2060

World Oil


(Bloomberg) –China aims to have non-fossil energy consumption exceed 80% of its total mix by 2060, when the world’s second-biggest economy plans to be carbon neutral, according to guidelines published by the official Xinhua News Agency.

The measures …

Source: Reuters

Canada oil producers grapple with Trudeau’s demand for faster emissions cuts

Reuters


WINNIPEG, Manitoba (Reuters) – Canada’s oil producers face new pressure from Prime Minister Justin Trudeau to reduce emissions in just three years, a sudden acceleration of their plans that at least one major company said looks unrealistic.

Suncor Energy, …

Source: CNBC

Fossil fuel production ‘dangerously out of sync’ with global climate targets, UN warns

CNBC


LONDON — As world leaders prepare for one of the most important climate summits ever held, U.N.-backed research shows governments are collectively planning to extract far more fossil fuels than would be consistent with global climate targets.

The …

Source: Reuters

Manchin opposes clean energy plan in Biden’s spending package

World Oil


WASHINGTON (Bloomberg) –Senator Joe Manchin has told the White House and congressional leaders that he will not support including a key clean-power provision in the Democrats’ spending package, putting at risk a central element of the legislation designed …

October 18, 2021 - 2:30 pm Carbon Capture, Closing Bell Story‎, Energy News, Politics
Source: Reuters

Blackrock CEO says the world is on track to lose climate change fight

World Oil


(Bloomberg) –BlackRock Inc. Chief Executive Officer Larry Fink said emerging economies need about $1 trillion a year over the next three decades for the world to achieve carbon neutrality.

“Right now the emerging world is getting about $150 …