green energy – Oil & Gas 360

Dear DOGE: It’s time to end energy subsidies

February 27, 2025

(World Oil) – The American energy industry has always taken great pride in being innovative, independent, and committed to free market principles. Recently, however, executives at some of the nation’s biggest oil and gas companies are publicly embracing the same corporate welfare schemes that have propped up unreliable so-called “green” energy for decades. This is discouraging because government subsidies distort markets, encourage dependency, and waste taxpayer dollars,

US grants $750 million for hydrogen projects across 24 states

March 13, 2024

Nasdaq WASHINGTON – The U.S. Department of Energy said on Wednesday it is granting $750 million to projects across 24 states that are building capacity to produce and use clean hydrogen. Hydrogen is a fuel that the administration of President Joe Biden sees as crucial to reducing use of fossil fuels and cutting emissions from hard-to decarbonize industries such as

Hydrogen generation could become a $1 trillion per year market, Goldman Sachs says

February 23, 2022

CNBC Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a year, according to Goldman Sachs. “If we want to go to net-zero we can’t do it just through renewable power,” Michele DellaVigna, the bank’s commodity equity business unit leader for the EMEA region, told CNBC’s “Squawk

Orsted plans $57 billion drive to be No.1 in green energy

June 2, 2021

Reuters COPENHAGEN -Orsted, the world’s largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a global leader in green energy and fend off growing competition. The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a

Farmers struggle to break into booming carbon-credit market

April 28, 2021

Reuters When Microsoft Corp made a massive purchase of carbon credits in January, it turned to a relatively new source: farmers who plant crops meant to trap carbon in the soil. The credits are financial instruments generated by projects that reduce or avoid the release of greenhouse gases, such as solar farms or tree-plantings. The projects’ owners can sell the

EU to seek fossil fuel phase-out in energy charter treaty talks: document

February 16, 2021

Reuters BRUSSELS – The European Union’s executive will push for a 10-year phase-out of the protection for fossil fuels under an international energy treaty, following calls from some countries to quit the accord unless it can be aligned with Europe’s climate goals. The more than 50 signatories to the Energy Charter Treaty will next month resume talks to update the

Big Oil CEO says going green ‘will have a cost for everybody’ — and governments need to explain that

February 3, 2021

CNBC LONDON — The chief executive of French oil major Total called on governments to explain the cost of carbon neutrality pledges, urging policymakers to make the “affordability” of an energy transition clear to everybody. His comments come at a time when the global oil and gas industry is under immense pressure to pivot away from the burning of fossil fuels, amid deep

Green is the new black in boom for clean energy funds

November 18, 2020

Reuters LONDON – Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses. Shares in solar and wind energy businesses, electric vehicle companies and environmental technology pioneers have been on the rise for

Energy industry veterans to launch hydrogen investment fund

July 9, 2020

Reuters LONDON – Two energy industry veterans plan to launch an investment fund focused on hydrogen this year as more and more governments include the niche fuel in their global warming battle plans. Hydrogen has long-been touted as a potential clean fuel as it only emits water vapour but it has failed to gain traction, mainly because of historically high

Oil Prices and Jobs: What will Move the Needle Next?

October 28, 2015

Oil & Gas 360® Industry Leadership Survey Results Oil & Gas 360® completed a survey of industry executives last week. The survey was offered to 3,000 current industry leaders working at the highest level. The purpose was to gather the views of chief executives and other c-level officers at E&P, OilService, midstream and related companies as to what they believe will

Where You See a Depleted Oil Well, Quidnet Sees Green Energy Storage

June 25, 2015

With Hollywood seed funding, startup is testing abandoned oil and gas wells as grid-scale energy storage solution for wind and solar generation “Our goal is to get to a cost point that’s potentially lower by a factor of about ten times than the batteries that you read about in the popular media, especially from companies like Tesla,” Aaron Mandell, Quidnet

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