Sustainability – Oil & Gas 360

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

State Department nixes climate office, revamps energy bureau

April 25, 2025

(Investing) – WASHINGTON -The Trump administration has terminated federal employees in charge of U.S. global climate policy and climate aid as part of its reorganization of the country’s diplomatic focus, the State Department said on Friday. The career employees in the Office of Global Change, which came under the State Department’s Bureau of Oceans and International Environmental and Scientific Affairs, played

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

Republican lawmakers face clean-energy conundrum as they work on tax bill

April 21, 2025

(Investing) – WASHINGTON – Republican lawmakers working to extend U.S. President Donald Trump’s tax cuts legislation are facing a clean-energy conundrum back home, as major clean energy investments in their districts are at odds with Trump’s skepticism of the industry. Eleven of the 26 Republicans on the House of Representatives’ tax-writing Ways & Means committee, who are now crafting the

DOGE hands US DOE the budget axe to slash $10B in clean projects

April 17, 2025

(Oil Price) – If Big Oil was starting to feel good about its government-sponsored climate-era glow-up, they may be in for a rude awakening, with the U.S. Energy Department reportedly preparing to pull the plug on nearly $10 billion in clean-energy funding, according to new memos seen by the Wall Street Journal. The DOE’s move could put everything from hydrogen hubs

US orders halt to construction of Equinor’s New York offshore wind project

April 17, 2025

(Investing) – U.S. Interior Secretary Doug Burgum ordered a halt to construction of Equinor’s Empire Wind project off the coast of New York, saying information suggested the Biden administration approved it without enough environmental analysis. In a post on X on Wednesday, Burgum said the information would be reviewed further but did not elaborate on the faults identified. The sudden order

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

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

Most countries miss UN deadline for new climate targets

February 10, 2025

(Investing) – BRUSSELS – Many of the world’s biggest polluter nations have missed a U.N. deadline to set new climate targets as efforts to curb global warming come under pressure following U.S. President Donald Trump’s election. The nearly 200 countries signed up to the Paris Agreement faced a Monday deadline to submit new national climate plans to the U.N., setting out

Colombian president cancels oil joint venture with U.S. company

February 5, 2025

(Oil Price) – Colombia’s president, Gustavo Petro, has canceled a joint venture between state energy company Ecopetrol and Occidental Petroleum on environmental concerns regarding hydraulic fracturing. Bloomberg reported that Petro had shared his concern on national TV, saying he was against a recent expansion of the deal between Ecopetrol and Oxy because it involved fracking, going counter to his energy policy

Net zero needs $5.6 trillion annual investment, but it’s not getting it

January 30, 2025

(Oil Price) – Global investments in green energy solutions topped $2 trillion last year, for the first time ever, but the world needs to pour in $5.6 trillion each year into low-carbon energy to get on track for global net zero by 2050, in line with the Paris Agreement, BloombergNEF said in a new report on Thursday. Last year, green energy investments reached a record

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