renewable – Oil & Gas 360

Shell to build Europe’s ‘largest’ renewable hydrogen plant to help power Dutch refinery

July 7, 2022

CNBC Plans to build a major hydrogen plant in the Netherlands will go ahead following a final investment decision by subsidiaries of oil and gas giant Shell. In an announcement Wednesday, Shell said the Holland Hydrogen I facility would be “Europe’s largest renewable hydrogen plant” when operations start in 2025. According to Shell, the 200 megawatt electrolyzer will be located

Column: Can Biden transform the U.S. energy system?

January 21, 2021

Reuters LONDON – U.S. presidential transitions have all the elements of a great news story: people, drama, timeliness, conflict and consequences. But energy systems are mostly shaped by slower moving, impersonal, structural forces. President Joe Biden’s first executive actions after his inauguration on Thursday to move quickly to tackle climate change have raised questions over the ability of administrations to

Investors storm into alternative energy funds ahead of Biden presidency

January 15, 2021

Reuters Investors are rushing to invest in alternative energy funds this year on hopes of more green reforms, with President-elect Joe Biden set to take office next week. According to Lipper data, alternative energy funds that primarily invest in solar, wind, and water firms around the world saw an inflow of $4 billion in the week ended January 13. They

California approves largest ever utility program to expand EV charging

August 28, 2020

Reuters California on Thursday approved a $437 million effort to build thousands of electric vehicle chargers, its utility regulator said, calling it the nation’s largest ever utility program to expand charging infrastructure. The money will go to utility Southern California Edison (SCE_pe.A) to fund the installation of nearly 40,000 chargers, the California Public Utilities Commission said in a statement. The

Phillips 66 to reconfigure California refinery for renewable fuels

August 13, 2020

Reuters U.S. refiner Phillips 66 plans to convert its Rodeo, California, crude oil refinery into a renewable fuels plant using cooking oil and food wastes. Its proposal comes as U.S. refiners HollyFrontier Corp, CVR Energy and Marathon Petroleum have begun or pledged to convert existing facilities to renewable fuel. HollyFrontier and CVR are exploring projects to supply California, the largest

IEA outlines $3 trillion green recovery plan for world leaders to help fix the global economy

June 18, 2020

CNBC The International Energy Agency has laid out a $3 trillion green recovery plan, offering governments around the world a “once-in-a-lifetime” roadmap to sustainably rebuild their economies in the wake of the coronavirus pandemic. The Sustainable Recovery report, published Thursday, is designed to present world leaders with cost-effective measures that could be implemented from 2021 through to 2023. It sets

BP outlines how quickly global carbon emissions would need to fall to reach net zero by 2050

June 17, 2020

CNBC The chief executive of energy giant BP said Wednesday that to get to net zero by 2050, the world would need to see lockdown-like reductions in carbon emissions every other year for the next 25 years. In the London-based oil and gas giant’s annual Statistical Review of World Energy, the group said some aspects of global energy trends prior to the coronavirus

WoodMac: Energy storage to accelerate global energy transition in 2020s

February 24, 2020

BIC Magazine Finn-Foley said: “The energy storage industry is in the enviable position of juggling growth gamechangers from multiple directions. Plunging costs drove speculation in the first scaled markets but as price declines enter a steadier rate, further recognition of storage’s value – rather than cost – will be the key factor in determining growth.” The starting gun has sounded

Carbon capture could be climate change solution, or a waste of time

November 8, 2019

UPI Earlier this year, the U.S. Department of Energy’s Office of Fossil Energy announced $110 million in federal funding for research and development of carbon capture and storage projects. According to DOE, carbon capture and storage technologies, or CCS, are “increasingly becoming widely accepted as a viable option” for coal- or gas-fired power plants to reduce their emissions. Carbon capture

Dominion Energy Schedules Fourth-Quarter Earnings Conference Call - oilandgas360

Dominion Energy and Smithfield Foods invest $500 million in Renewable Natural Gas

October 23, 2019

Dominion Energy and Smithfield Foods invest half billion dollars in Align Renewable Natural Gas(SM) (RNG) joint venture to become largest renewable natural gas supplier in U.S. Dominion Energy (NYSE:D) and Smithfield Foods, Inc. announced today the companies are doubling their investment in renewable natural gas (RNG) projects across the U.S. to $500 million through 2028. This additional investment will expand their Align

Sandstone Under North Sea Could Store Compressed Air to Convert to Electricity to Meet Europe’s Needs in Winter: Scientists

January 22, 2019

Wind turbines pump compressed air into rocks, then use compressed air from rocks to power a turbine that generates electricity for grid when needed From UPI To store energy generated by renewable sources in Europe, scientists want to fill giant rocks beneath the North Sea with compressed air. The North Sea is home to large porous rock formations. According to

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