Renewable Energy

Source: Reuters

Shell changes approach to mid-century net-zero goal while focusing on oil, gas

World Oil


(Bloomberg) – Shell Plc still plans to achieve net zero emissions by the middle of the century, but its approach to hitting that target has changed, its CEO said. “For avoidance of doubt, what hasn’t changed is the …

Source: World Oil

Biden set to award $7 billion for U.S. hydrogen hubs

World Oil


(Bloomberg) — President Joe Biden is set this week to announce as much as $7 billion in funding for hydrogen projects across the country as part of a competition to jump-start production of the clean-burning fuel in the …

Source: Reuters

Climate change-related droughts dent progress on energy emissions -report

Nasdaq


PARIS – Droughts limiting hydro-electric generation globally prevented a fall in the energy sector’s overall carbon emissions in the first half of 2023 despite the growth of wind and solar power, climate think tank Ember said in a report …

Source: Oil Price

Challenges escalate for the wind energy industry

Oil Price


Europe and the United States risk missing their ambitious wind power installation targets as soaring costs, supply chain delays, and low electricity prices at auctions hamper development and lead to a cancelation of offshore wind projects.

Government targets …

Source: Oil Price

U.S. says Chinese minerals control will make energy security more complex

Oil Price


China’s dominance in critical minerals mining and processing will make global energy security in the energy transition “infinitely more complex,” U.S. Secretary of Energy Jennifer Granholm said at a conference on Thursday.

 

“The fuel of this energy …

Source: Oil Price

Government shutdown could slow down U.S. clean energy rollout

Oil Price


A government shutdown could slow down U.S. clean energy investments as it could delay billions of dollars worth of incentives under the Inflation Reduction Act (IRA) for which the Administration is still fine-tuning the details, according to senior …

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: Oil Price

Investment shortfall threatens Europe’s green transition

Oil Price


An advisor to President Biden is the latest to call on the U.K. and Europe to follow in the footsteps of the U.S. and increase their investment in green technology. The U.K. and the rest of Europe have …

Source: Reuters

Biden’s offshore wind target slipping out of reach as projects struggle

Nasdaq


President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders.

The 2030 …

Source: Reuters

Siemens Energy reviews wind business after earnings hit

Oil Price


Siemens Energy has initiated a review of its wind business after taking a large hit to earnings and expected full-year revenues and profits due to problems at its unit Siemens Gamesa, one of the largest wind turbine makers …

Source: Reuters

TotalEnergies boosts its renewables business with $1.66 billion deal

Oil Price


TotalEnergies is buying out all remaining shares in renewable energy developer Total Eren for $1.66 billion, thus raising its stake in the firm to 100% from 30%, the French supermajor said on Tuesday.

The acquisition of the 70.8% …

Source: Reuters

Chinese petchem firms betting big on energy transition products

US News


SINGAPORE – Chinese oil refiners and petrochemical companies are investing tens of billions of dollars to produce high-end chemicals for solar panels and lithium-ion batteries to profit from growing demand for energy transition technologies.

 

The investments illustrate

Source: Reuters

Analysis: Bumpy road ahead for US gasoline demand and energy transition

Nasdaq


While U.S. gasoline demand is unlikely to rescale the pre-pandemic peaks of 2018 as the energy transition accelerates, the pace of its decline is uncertain, illustrating the challenge for industry and the government in planning the shift to a …

Source: Reuters

A nickel glut is looming

Oil Price


Supply of nickel deliverable to the London Metal Exchange could jump next year by 35% compared to 2022 levels as new plants for nickel processing in China and Indonesia could cause a glut and crash prices, analysts at …

July 21, 2023 - 3:00 pm China, Closing Bell Story‎, Energy News, Renewable Energy
Source: Reuters

Shell considers selling stake in renewable power unit as CEO turns focus back to fossil fuels

World Oil


(Bloomberg) – Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said. The UK energy giant is working with advisers to study …

Source: Reuters

Shell CEO says slashing oil output would be ‘Dangerous and Irresponsible’

Oil Price


Reducing global oil and gas production would be “dangerous and irresponsible” as the world still desperately needs those hydrocarbons, Shell’s chief executive Wael Sawan has told the BBC. Last month, Shell unveiled its new strategy to continue …

Source: Oil Price

McKinsey: Key metals shortages could slow the energy transition

Oil Price


Looming shortages of critical metals enabling the energy transition could slow the uptake of renewables and low-carbon solutions, McKinsey & Company warns. Supply of nickel, copper, lithium, cobalt, tin, iridium, and rare-earth element dysprosium faces shortages this decade, …

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

Investor confidence crisis grips Siemens Energy after record sell-off

Nasdaq


FRANKFURT – A record sell-off in Siemens Energy ENR1n.DE shares has laid bare a major loss of confidence by investors in the group’s ability to fix its struggling wind turbine division, leaving them fearful of what else to expect …

Source: oil Price

Renewables set to benefit from big oil’s renewed focus on oil and gas

Oil Price


Environmentalists and critics are having a field day after a second international energy major scaled back its renewable development ambitions in the space of just a few months. But Big Oil’s renewed focus on profitable projects in oil …

Source: Oil Price

Hackers have renewable energy projects in their crosshairs

Oil Price


The European Union has plans to boost its wind and solar power generation capacity by orders of magnitude in order to hit decarbonization goals. That capacity is heavily reliant on software. And software can be hacked.

“Cyber risks …

Source:: Oil Price

Tax incentives to supercharge U.S. clean energy transition

Oil Price


The U.S. Administration this week issued a much-anticipated guidance on tax credits in the Inflation Reduction Act (IRA), giving access to tax credits to local governments and non-profits to join the clean energy transition.

The U.S. Department of …

Source: Oil Price

The grid needs a $20 trillion upgrade to support energy transition

Oil Price


For the energy transition to happen, the world needs massive grid overhauls. This message has been overlooked for years as wind and solar stole the limelight, but now it’s back on the agenda. Because no transition from baseload, …

Cowboy Clean Fuels announces partnership with Puro.earth to generate CO2 removal certificates

Cowboy Clean Fuels announces partnership with Puro.earth to generate CO2 removal certificates

Oil and Gas 360


The Carbon Dioxide Removal Credits will be Listed on Puro.earth’s Highly Trusted and Reputable Crediting Platform

 DENVER, Colo. – June1, 2023 – Cowboy Clean Fuels, LLC (“we,” “us,” “our,” or “the Company”), a premier energy technology …

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: 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 …

Source: Oil Price

Tesla launches construction of lithium refinery in Texas

Oil Price


Tesla this week broke ground on a lithium refinery in Texas in the company’s latest move aimed at ensuring a sufficient supply of critical materials for the manufacturing of its cars.

 

It is also part of a …

Liberty launches Liberty Power Innovations

Liberty launches Liberty Power Innovations

Oil and Gas 360


DENVER, April 10, 2023–(BUSINESS WIRE)– Liberty announced today the commercial launch of Liberty Power Innovations (LPI), an integrated alternative fuel and power solutions provider for remote applications. LPI’s initial focus is on compressed natural gas (CNG) …

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