Carbon Capture – Oil & Gas 360

Exxon set to surge ahead of European competitors in low-carbon investment race

April 28, 2025

(Oil Price) – After years of watching Europe’s Big Oil commit growing shares of capex to low-carbon energy solutions, U.S. supermajor Exxon is now set to overtake Shell and BP in investments planned for low-emission projects. Exxon’s pledge largely depends on the Trump Administration not repealing key provisions in Biden’s flagship Inflation Reduction Act of 2022, which offered incentives to companies

Regional Partners Insights on Downstream Technology Strategies at PRC Europe 2025

April 28, 2025

( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Supported by Regional Partners Technip Energies, Sonatrach Raffineria Italiana S.r.l., Wood and Saras S.p.A., the event facilitates strategic discussions on reshaping the downstream

Eni, UK government reach financial close for Liverpool Bay CCS project

April 24, 2025

(World Oil) – Eni has reached financial close with the UK Government’s Department of Energy Security and Net Zero (DESNZ) for the Liverpool Bay CCS project, where Eni is the operator of the CO2 transport and storage system (T&S) of the HyNet industrial Cluster. The financial close allows the Liverpool Bay CCS project to move into the construction phase, unlocking

Regional Partners Insights on Downstream Technology Strategies at PRC Europe 2025

April 22, 2025

Canadian opposition, oil CEOs call for scrapping federal carbon price system

March 21, 2025

(Investing) – CALGARY – The future of Canada’s six-year-old carbon pricing system is on shaky ground after 14 oil and gas CEOs and the political opposition leader this week called for its repeal. Scrapping the system, which aims to reduce pollution by giving heavy industry a financial incentive to cut carbon emissions, however, puts the viability of a high-profile carbon capture

Transition investors pile into buyers’ market for wind and solar

March 21, 2025

(Oil Price) – Investors in energy transition businesses are enjoying a shift in market sentiment that has led to valuation slumps turning a lot of wind, solar, battery storage, and other companies from the area into great bargains. Bloomberg reports that the recent crash in wind, solar, battery, and other transition-related stocks has whetted buyers’ appetite on the grounds that the fundamentals of

TotalEnergies and RWE agree one of the world’s biggest green hydrogen deals

March 12, 2025

(Oil Price) – Germany’s biggest utility RWE will supply green hydrogen to France’s oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant said on Wednesday. The green hydrogen from RWE will be

Republicans seek to protect green tax credits in budget bill

March 11, 2025

(Investing) – WASHINGTON -A group of Republican lawmakers urged the House committee drafting President Donald Trump’s proposed tax cuts in the upcoming budget reconciliation bill to preserve key clean energy tax credits enacted under the Biden administration to protect private sector investments in their districts, according to a letter circulated on Monday. Led by New York Republican Congressman Andrew Garbarino, the

South Dakota bans use of eminent domain for carbon dioxide pipelines

March 7, 2025

(Investing) – South Dakota Governor Larry Rhoden signed a bill on Thursday banning the use of eminent domain, which allows private land to be taken for public use, for the construction of carbon dioxide pipelines, potentially endangering a $9 billion project proposed by Summit Carbon Solutions. Summit’s pipeline would carry captured carbon dioxide from ethanol plants in five Midwest states to

ChampionX’s AOGI platform granted EPA approval for methane emissions detection

March 5, 2025

(World Oil) – ChampionX announced today its ChampionX Emissions Technologies’ Aerial Optical Gas Imaging (AOGI) platform has received approval from the U.S. Environmental Protection Agency (EPA) for the Methane Alternative Test Method outlined in OOOOb. This approval marks a significant milestone in emissions management, empowering operators to integrate AOGI into their emissions monitoring programs to detect and locate fugitive methane

Biden’s methane rule is dead

March 3, 2025

(Oil Price) – Oil and gas producers in the United States will no longer be obliged to pay a fee for the methane they emit in the course of their operations after Congress voted to axe one of the most celebrated moves of the Biden administration in the energy space. With a 52-47 vote, senators repealed the fee, and now all

U.S. Senate votes to repeal methane tax enacted by Biden

February 28, 2025

(World Oil) – The Senate voted Thursday to repeal a new U.S. fee on climate-warming methane emissions from oil and gas producers, sending the measure to the White House for President Donald Trump’s signature. The repeal, which would be a boon to oil and gas producers but abandons an incentive to control releases of a potent greenhouse gas, comes as

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