CO2 Capture

Source: Reuters

Activist investor: shell must do more to curb emissions

Oil Price


An expected drop in Shell’s net greenhouse gas emissions is not aligned with the Paris Agreement and with a Dutch court order for the now UK-based supermajor to slash emissions much more by 2030, activist investor Follow This …

Source: Reuters

Coal rush! Energy crisis fires global hunt for polluting fuel

US News


DAR ES SALAAM  – The sleepy Tanzanian port of Mtwara mainly dealt in cashew nuts until late last year. Now it bustles with vessels loading up with coal, as Russia’s invasion of Ukraine drives a worldwide race for …

Source: Reuters

The U.S. oil executive making a big bet on combating climate change

Investing


Publisher’s Note- Talos Energy presented at EnerCom Denver last month. Click to view their replay.

The chief executive of a small U.S. oil company has jumped to the forefront of the energy industry’s greenhouse gas reduction efforts, recruiting high-profile …

Source: CNBC

Miner Piedmont unveils plans to build lithium refining plant in push for domestic EV supply chains

CNBC


Piedmont Lithium announced Thursday that it plans to build a new lithium refining plant in Tennessee, as the U.S. rushes to develop domestic supply chains for raw materials critical to the energy transition.

Thursday’s announcement follows the largest climate …

Zephyr Energy readying to production test completed well in Paradox Basin

Zephyr Energy readying to production test completed well in Paradox Basin

World Oil


Zephyr Energy plc, the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, continues to prepare for extended production testing of its successfully drilled and completed State 16-2 LN-CC well. All relevant applications …

Source: Reuters

U.S. to spend more than $500 billion on climate over a decade under three laws, study says

US News


The U.S. government will spend more than $500 billion on climate technology and clean energy over the next decade under three recently enacted laws, an analysis by non-profit RMI found.

 

The tally is based on this month’s

Denbury expands CO2 sequestration portfolio with additional site in Louisiana’s industrial corridor

Denbury expands CO2 sequestration portfolio with additional site in Louisiana’s industrial corridor

Oil and Gas 360


Publisher’s Note: Denbury, Inc. is a presenter at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend and hear their story.

 

High-quality storage reservoir less than 5 miles from Company’s CO

FINNAIR and Gevo enter into sustainable aviation fuel sales agreement for 7 million gallons of per year over five years

FINNAIR and Gevo enter into sustainable aviation fuel sales agreement for 7 million gallons of per year over five years

Oil and Gas 360


Publisher’s Note: Gevo, Inc. will be presenting at EnerCom Denver Conference on August 7-10, 2022. Register to attend. 

FINNAIR and Gevo enter into sustainable aviation fuel sales agreement for 7 million gallons of per year over five years- oil and gas 360

June 21, 2022 – ENGLEWOOD, Colo., June 21, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased …

Source: Reuters

Initiative launched to rank corporate climate claims using carbon offsets

Yahoo News


LONDON – A consultation for a global standard to assess companies’ claims about progress towards internal climate targets and their use of carbon offset credits launched on Tuesday, seeking to bring transparency to an unregulated market.

Many global …

Source: World Oil

OTC 2022: An evolving energy company–how CCS fits

World Oil


Building an offshore oil company from scratch as a secondary asset owner, by buying producing properties from the majors, is the way we started, said Talos Energy Founder, President and CEO Tim Duncan during a keynote presentation at …

Source: Reuters

BP to keep betting on lower carbon, more economical offshore oil output

Investing


HOUSTON – British oil major BP (LON:BP) will continue betting on “lower carbon, more economical” offshore oil and gas exploration and production, a company executive said on Monday, warning that lack of investment could lead to global …

CIPA names AEGIS preferred commodity hedging and carbon compliance partner

CIPA names AEGIS preferred commodity hedging and carbon compliance partner

Oil and Gas 360


SACRAMENTO, Calif.–(BUSINESS WIRE)–The California Independent Petroleum Association (“CIPA”), a non-profit, non-partisan trade association representing approximately 500 independent crude oil and natural gas producers, royalty owners, and service and supply companies operating in California, has

Source: Reuters

Occidental plans 70 plants to capture carbon from air by 2035

World Oil


(Bloomberg) — Occidental Petroleum Corp., the shale giant backed by Warren Buffett, plans to build 70 carbon capture facilities around the world by 2035 that will each remove as much as 1 million tons per year of the …

Source: Reuters

EU considering more transparent carbon market reporting – draft

Yahoo Finance


BRUSSELS – The European Union is considering making more information available on trading in its carbon market, according to a draft document, amid calls from some governments to limit financial speculators’ participation in the scheme.

Tougher EU climate …

Source: Reuters

Global carbon markets value surged to record $851 bln last year-Refinitiv

Reuters


LONDON – The value of traded global markets for carbon dioxide (CO2) permits grew by 164% to a record 760 billion euros ($851 billion) last year, analysts at Refinitiv said on Monday.

Most of the increase came from the

Source: Reuters

Global inflation brings ever-cheaper clean energy to an end

World Oil


NEW YORK (Bloomberg) –The era of ever-cheaper clean power is over, giving a fresh jolt of uncertainty to global energy markets battered by one supply crisis after another.

 

Relentless price declines over the past decade made renewables …

Source: CNBC

The world is hungry for lithium. Geothermal energy could transform how it’s sourced

CNBC


The southwest of England is famed for its dramatic coastline, verdant countryside and fresh seafood. If all goes to plan, another string could be added to the region’s bow over the next few years: lithium extraction.

In the county …

Source: Reuters

BP and Oman form renewable energy and hydrogen development strategic partnership

World Oil


Source: Reuters

IEA believes Canada’s status as an oil power threatened by net-zero goals

World Oil


CALGARY (Bloomberg) –Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said.

 

The country seeks to …

Source: Reuters

Shell-backed U.S. solar developer raises $775 million in equity

Nasdaq


Jan 6 – Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell RDSa.L, on Thursday said it raised $775 million in equity capital from new and existing investors.

The announcement comes as renewable energy, …

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 …

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 …

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: Bloomberg

COP26: Kerry’s global methane pact lacks emissions targets

World Oil


WASHINGTON (Bloomberg) – As the U.S. and European Union sought to recruit nations in a first-ever pact to slash the world’s methane emissions, America’s climate envoy John Kerry kept his sales pitch simple.

Signing the pledge, being released …

Source: Reuters

Biden’s greenhouse gas ‘crackdown’ will still allow flaring

World Oil


WASHINGTON (Bloomberg) –The Biden administration is poised to unveil a crackdown on methane leaks from oil and gas wells that will be its most consequential action yet to reduce greenhouse gases — but is still likely to disappoint …

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

Europe’s green transition has been ‘management by chaos,’ energy expert says

CNBC


Europe’s handling of the transition to a green economy has been “management by chaos” and high energy prices could persist until 2025, according to Johannes Benigni, chairman of analysis firm JBC Energy.

Natural gas futures soared to 13-year highs …

Source: Businesswire

TotalEnergies and Qnergy work to reduce methane emissions on the Barnett field

World Oil


PARIS – As part of its effort for continuous progress and sustainable development, TotalEnergies announces deployment of an innovative technology developed by Qnergy, to significantly reduce methane emissions related to its operations on the Barnett gas field in …