(Investing) – BAKU – Trade tensions are flaring at the COP29 climate summit, with China, Brazil and a host of developing countries complaining that perceived trade barriers, such as the European Union’s carbon border levy, will undermine climate efforts, according to U.N. documents and negotiators. Nearly 200 countries are wrangling at the climate talks over a deal to provide hundreds of
(World Oil) – (WO) — HSM Offshore Energy, a leader in the EPCIC of multidisciplinary offshore renewable projects, has successfully rolled out the THOR OHVS (Offshore High Voltage Substation) and lifted the GIS modules for RWE Renewables at its Schiedam yard in the Netherlands. Upon completion, THOR, with a planned capacity of 1058 MW, will stand as Denmark’s largest offshore
(Oil Price) – Hopes at COP29 in Baku for a breakthrough on climate financing are fading fast, fueling frustration that the United Nations’ framework for addressing global warming is dysfunctional. Non-governmental organization participants are complaining about being sidelined, while governmental representatives are perceived to be dithering. Some insiders report that haggling over funding is preoccupying governmental participants, preventing them from addressing
(Oil Price) – European oil and gas supermajors BP, Equinor, Shell, and TotalEnergies are committing a joint investment of $500 million to help ensure access to affordable, reliable, sustainable, and modern energy for all. The joint investment commitment is part of the energy majors’ efforts to support promising, high-impact projects, primarily in Sub-Saharan Africa, South, and Southeast Asia. These projects are aimed at
(BOE Report) – OTTAWA – Oil and gas producers in Canada will be required to cut greenhouse gas emissions by about one-third over the next eight years under new regulations being published today by Environment Minister Steven Guilbeault. The regulations, still only in draft format and about two years behind schedule, could further strain relations between Ottawa and the Alberta government
(Oil & Gas 360) – Internal and external stakeholders now expect more from your company, making clarity of purpose, plans, and actions more important than ever, especially in Corporate Social Responsibility (CSR). In addition to employees, decision-makers, and shareholders, these communications include the local communities. EnerCom’s award-winning design team helps clients deliver on their sustainability efforts to society, stakeholders, and
(Oil & Gas 360) – Just months away from a long-awaited international protocol for mining the deep-sea floors of the world for the rare earth minerals increasingly important to modern society, a recent scientific paper could potentially stall efforts by miners and lawmakers to weaken Chinese domination of the rare earth minerals supply chain. Companies looking to explore ocean floors
(Oil Price) – The United States Geological Survey (USGS) and the Arkansas Department of Energy and Environment’s Office of the State Geologist have discovered a vast lithium reserve containing more than nine times the International Energy Agency’s projection of global lithium demand for electric vehicles in 2030. A relic of an ancient sea that left an extensive, porous, and permeable limestone geologic, the
(Oil Price) – The Biden Administration has granted a final federal permit to a lithium-boron project in Nevada in the first such project approved by the Administration as part of its efforts to support America-produced lithium and reduce dependence on Chinese supply, the project developer said on Friday. The U.S. Bureau of Land Management has issued the federal permit for the Rhyolite Ridge
(Oil & Gas 360) – After two years of industry opposition to the $740 billion Inflation Reduction Act (IRA), touted by its proponents as the single largest effort by the U.S. government to promulgate a federal-level climate change investments and tax credit policy, several of the country’s largest oil companies are finding elements of the law so attractive that they are
(Oil Price) – Moderating inflation and reduced market volatility compared to 2022 and 2023 resulted in lower prices for renewable electricity in power purchase agreements across Europe. During the third quarter of 2024, power purchase agreements (PPAs) for electricity sourced from renewable energy showed a 12.4% decline in price, compared to the same period of 2023, according to data from price
(Oil Price) – Last November, Exxon announced it had started drilling its first lithium well in Arkansas. At the time, an Exxon executive said, “Lithium is essential to the energy transition, and ExxonMobil has a leading role to play in paving the way for electrification.” Exxon is not the only one seeking to capitalize on the estimated considerable lithium resources
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