CO2 Capture

Source: World Oil

Biden administration defers plan to tackle smog from oil drillers in Permian Basin

World Oil


(Bloomberg) — The Biden administration is deferring a plan to crack down on smog in the drilling hotbed of the Permian Basin, handing a win to oil producers along with their allies in Texas and New Mexico.

The

Source: World Oil

Canada moves forward with one of the “world’s largest” carbon capture and storage projects

World Oil


(WO) —The Pathways Alliance, representing Canada’s largest oil sands producers, has entered into a Carbon Sequestration Evaluation Agreement with the Government of Alberta.

 

The agreement enables the Alliance to immediately start a detailed evaluation of its proposed …

Source: World Oil

Energy companies create carbon capture partnership to develop massive CO2 storage project in Gulf of Mexico

World Oil


(WO) — Carbon-Zero US LLC, Cox Operating LLC, Crescent Midstream and Repsol announced a partnership to develop one of the Gulf Coast’s largest offshore hubs for the permanent storage of carbon dioxide.

 

Cox is among the largest …

Source: Oil Price

The ESG hype is showing signs of fatigue

Oil Price


Earlier this month, Vanguard, the world’s largest asset manager, quit a net-zero banking alliance saying it wanted more independence and more clarity about its ESG commitments to investors.

 

Then, a week later, HSBC, the UK-based, developing world-focused …

Source: Oil Price

Activist group demands more aggressive emission cuts from big oil

Oil Price


Follow This, an activist shareholder which has been calling for more aggressive emissions reductions for years, is increasing its pressure on Big Oil with resolutions calling for the biggest Western oil-producing companies to set targets to reduce absolute …

Source: World Oil

Biden approves funding for carbon capture programs using enhanced oil recovery

World Oil


(Bloomberg) —The Biden administration has reversed course on a carbon capture funding program to allow oil production following an intervention by senators including Joe Manchin and Kyrsten Sinema, handing a win to the fossil fuel industry.

The Department …

Source: Reuters

BP invests millions in company that supplies ‘rapidly deployable’ solar tech

CNBC


BP said it is investing 20 million Australian dollars ($13.53 million) in Australian renewable company 5B, which specializes in solar technology.

 

The energy major said the investment in 5B — made via its subsidiary BP Ventures — wrapped …

Source: World Oil

Baker Hughes, Woodside Energy to collaborate on decarbonizing the global gas supply chain

World Oil


(WO) — Baker Hughes, an energy technology company and Woodside Energy announced on December 8th that they have entered into a memorandum of understanding (MoU) to explore potential business arrangements and initiatives that may have the potential to …

California Resources Corporation announces carbon dioxide management agreement for CTV’s first permanent carbon storage project

California Resources Corporation announces carbon dioxide management agreement for CTV’s first permanent carbon storage project

Oil and Gas 360


California Resources Corporation (NYSE: CRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV Holdco, LLC (CTV JV) and Lone Cypress Energy Services, LLC (Lone Cypress), an independent energy …

PureWest grows market for certified gas through partnership with EarnDLT and Project Canary to tokenize verifiable environmental attributes

PureWest grows market for certified gas through partnership with EarnDLT and Project Canary to tokenize verifiable environmental attributes

Oil and Gas 360


DENVERNov. 15, 2022 /PRNewswire/ — PureWest Energy, LLC (“PureWest”), an independent natural gas company based in Wyoming’s Green River Basin, today announced a first-of-its-kind collaboration with EarnDLT (“Earn”) and Project Canary.

 

PureWest grows market for certified gas through partnership with EarnDLT and Project Canary to tokenize verifiable environmental attributes- oil and gas 360

This partnership …

Source: Reuters

COGCC commissioners unanimously approve Box Elder Comprehensive Area Plan

Oil and Gas 360


The Colorado Oil and Gas Conservation Commission (COGCC) today approved Civitas Resources, Inc.’s (NYSE: CIVI) Box Elder Comprehensive Area Plan (CAP), making it Colorado’s first CAP approved with preliminary siting. The CAP framework …

Source: Oil Price

Looming copper shortage could slow the global energy transition

Oil Price


The pace of the energy transition could be slowed by a looming shortage of copper, analysts and top copper producers say.

 

“There is going to be a very significant shortage in copper,” Richard Adkerson, chairman and CEO …

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