(Oil & Gas 360) – “The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.” (F. Scott Fitzgerald). That ability appears to be paying off these days for Elon Musk, who, according to Forbes Magazine, is the world’s richest person at nearly a quarter
(Oil Price) – Spanish energy giant Repsol has decided to pause green hydrogen development projects in its home country, citing an unfavorable regulatory regime with the idea of a permanent windfall tax on energy companies, a spokesperson for Repsol told Reuters on Monday. The Spanish firm has a pipeline of 350 megawatts (MW) of electrolysis capacity for green hydrogen projects across Spain, but
(Yahoo Finance) – BOGOTA/MONTEVIDEO/RIO DE JANEIRO, (Reuters)- Latin America’s wealth of hydroelectricity and other renewable energy resources could make the region a major producer of clean hydrogen as the world seeks alternatives to fossil fuels to fight the climate crisis, but some big hurdles lie in the way. Government leaders expect a major boon for the region from clean hydrogen, also
(World Oil) – (Bloomberg) – Shell Plc’s Norwegian unit won’t pursue a project that would have used natural gas from its Nyhamna processing facility to make blue hydrogen due to a lack of demand. Having assessed its feasibility, Shell is shelving the project, company spokesman Jan Soppeland said Tuesday. That follows Friday’s announcement by Equinor ASA — Norway’s biggest oil
(Oil & Gas 360) – Tony Robbins has applied his prodigious power of positive thinking to possibly resuscitate old coal plants with their coal while eliminating emissions. The technology purportedly converts coal into hydrogen, powering old coal-fired plants. The scientist luring Robbins to invest $200 million into the premise is Simon Hodson, whose prior work with coal titan Consol Energy
(Oil & Gas 360) – While much of the hydrogen discussion centers around green and blue hydrogen and their differences in processing (e.g., eliminating emissions versus carbon capture), results, and energy-derived, evolving hydrogen technologies yield new applications and colors. Among the types being produced today is black hydrogen derived from coal gasification. Despite its negligible impact on carbon emissions, some
Yahoo Finance Power infrastructure developer VivoPower International said on Tuesday it has signed a non-binding agreement to merge with Canada’s Future Automotive Solutions and Technologies (FAST), which would create a $1.13 billion combined company. The agreement values VivoPower’s equity at $556 million and FAST at $578 million, and allows the companies an exclusive period of 90 days to reach a
Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Mote’s technology uses proven processes to turn biomass wastes and residues into pure biohydrogen and permanently storable CO2. Our innovation starts with feedstock pre-processing and extends all the way to purifying
Oil and Gas 360 Publisher’s Note: Jim Felton with EnerCom sat down with W2E and spoke with Matt Ciardiello, CFO of W2E Renewable Solutions, about the company’s innovative approach to extracting hydrogen, methanol, renewable natural gas, and even graphene and graphite char from cattle manure. W2E will present in person at the 2024 EnerCom Denver—The Energy Investment Conference presented by EnerCom at 11:00 a.m. on
Oil Price Transitioning hydrogen from its current deployment – produced from hydrocarbons for local industrial use – into a global green commodity is a huge task. The few projects now reaching FID usually involve unique two-party agreements or guaranteed offtake within development consortiums. The lack of globally accepted standards, and the price risk of long-term contracts, remain major hurdles holding
Oil Price Since day one of President Joe Biden’s term in office, the U.S. oil and gas industry has been criticizing his energy policies, saying that these undermine America’s energy and national security with punitive and restrictive measures against fossil fuels. Yet, during President Biden’s tenure, American oil and gas production has hit record highs. But this achievement has come despite
World Oil (Bloomberg) – Exxon Mobil Corp. won’t move forward with one of the world’s largest, low-carbon hydrogen projects if the Biden administration withholds tax incentives for natural gas-fed facilities, Chief Executive Officer Darren Woods said during an interview. Under the current guidelines, incentives are earmarked for projects that produce so-called “green” hydrogen by using water and renewable energy. But
