Oil Price The U.S. government has unveiled tighter rules on electric vehicle (EV) tax credits to curb the nation’s reliance on China’s EV battery supply chains. As part of President Joe Biden’s push to make 50% of U.S. new vehicle sales EVs or plug-in hybrids by 2030, the new sourcing requirements will reduce or eliminate credits on some zero-emission models. The
Oil Price Last month, energy consultancy Wood Mackenzie came out with a warning: the world was running out of oil, but not just any oil. It was running out of oil that can be extracted with a low carbon footprint. The report shined the spotlight on an issue that tends to get overlooked in the daily discourse on climate change and the fossil
Oil and Gas 360 Innovative Energy Transition Start-Up’s Patented Technology Utilizes Subsurface Coal Seams as Geologic Bio-Reactors to Produce Carbon-Negative Renewable Natural Gas From Alternative Biomass Feedstocks DENVER, March 28, 2023 /PRNewswire/ — Cowboy Clean Fuels, LLC (“we,” “us,” “our,” or “the Company”), a premier energy technology company formed to produce carbon-negative, renewable natural gas (“RNG”) from readily available waste agricultural byproducts
World Oil (WO) — Fossil fuel and green energy groups alike have joined forces, in an effort to reform what they call a “broken permitting system,” according to Fox News. A coalition that includes the American Petroleum Institute, Independent Petroleum Association of America and the American Clean Power Association sent a letter on Monday morning, urging Congress to pass “meaningful
Oil Price The United States and Japan have sealed a deal to cooperate on critical minerals for batteries that will see the two try and move EV supply chains away from China. According to the deal, per the Wall Street Journal, Japan and the U.S. will remove export levies on the EV minerals they trade and they will also
Oil and Gas 360 Publishers Note: FutEra Power will be giving a presentation at 2:00pm Central Time on Tuesday, April 18, 2023 at EnerCom Dallas. There is no cost to attend EnerCom Dallas and The Energy Venture Investment Summit at EnerCom Dallas for qualified investors. Investors can now register to attend at www.enercomdallas.com. For more information about EnerCom Dallas; or
Reuters BOGOTA – Colombia’s Ecopetrol must focus on growing its oil and gas production to fund the transition towards renewables, said Saul Kattan, the chairman of the majority state-run energy company. Colombia could be a world leader in production of renewables like wind and green hydrogen, Kattan told Reuters late on Wednesday, but the company, the largest in the country,
Yahoo Finance RODEO, California – In the oldest refining town in the American West, Phillips 66 is promising a greener future as it moves to halt crude-oil processing and build a massive renewable diesel plant, leading a global trend. That plan, announced in 2020, was initially welcomed by residents weary from a history of pollution and toxic leaks. But some
Oil Price Numbers are out again permitting us to update our US electric grid’s reliability report card. Last year, 2022, was nowhere near as bad as 2021–the worst year of the 24-year record. It was “only” the fourth worst year. Severe storms, fire, floods, snow, hurricanes — many often in the same places. Whether we call it weather or climate,
Oil Price The issue of how to reconcile the energy transition with energy security is taking center stage at one of the world’s biggest annual energy conferences this week. At the CERAWeek in Houston, the top oil and gas executives share the industry’s view of the current state of the global energy system—the world needs oil and gas and will
Publisher’s Note: Dan Genovese with EnerCom met with Eyal Aronoff, Chief Executive Officer of Pioneer Energy to discuss Pioneer’s innovative, proprietary hydrocarbon processing systems that capture or eliminate emissions sources and turn otherwise wasted or flared gas and liquid streams into revenue generating products. Pioneer’s systems are designed to more efficiently process wellhead fluids, to capture and process associated and
Oil Price The energy transition needs to happen in an orderly fashion, BP’s chief executive Bernard Looney said on Tuesday, warning of renewed oil and gas price spikes if supply is cut too quickly without a drop in demand. “Reducing supply without also reducing demand inevitably leads to price spikes – price spikes, leads to economic volatility,” Looney said at the International
