BOE Report I walked past a truck in a parking lot the other day and I figured out what’s wrong with everybody. It was a good-looking new semi-small one, and, walking with my head down, watching for ice and muttering as usual, I almost walked into the side of it. There, staring me in the face, was a huge decal
CNBC The network of transmission lines that carry electricity across the U.S. is old and not set up to meet the anticipated demand for clean energy sources like wind and solar. Currently, electricity generation results in 32% of carbon dioxide emissions in the United States, mostly from burning fossil fuels like oil, coal, and natural gas. Those fuels are transported
Oil Price During President Biden’s 2023 State of the Union Address, he relayed an anecdote that I believe explains his stance toward the oil and gas industry. At first, he stayed on script with his prepared remarks, claiming: “You may have noticed that Big Oil just reported record profits. Last year, they made $200 billion in the midst of a global
Oil Price An expected surge in renewables electricity generation over the next few years signals that the world is close to the tipping point of emissions in the power sector, the International Energy Agency (IEA) said on Wednesday. In its Electricity Market Report 2023 published today, the agency expects significant growth in renewables over the next three years which will raise their share of
Nasdaq LONDON- Goldman Sachs Asset Management said on Monday it had launched a biomethane business called Verdalia Bioenergy and aimed to invest more than 1 billion euros ($1.08 billion) in Europe over the next four years. Biomethane, a lower carbon alternative to fossil-based natural gas, is produced from the decomposition of organic waste and is seen as a key plank
World Oil (WO) — Technip Energies won a contract award from ExxonMobil for front-end engineering and design (FEED) for the world’s largest low-carbon hydrogen production facility. The low-carbon hydrogen, ammonia and carbon capture facility in Baytown, Texas, will produce 1 billion ft. of low-carbon hydrogen per day. It will also capture over 98% of related CO2 emissions, which is around
Oil Price Global oil demand is expected to peak between the late 2020s and early 2030s as the Russian invasion of Ukraine is accelerating investment in clean energy and governments are looking to bolster energy security with higher shares of renewables in the energy mix, BP said on Monday. In one of the most closely-watched industry reports, the BP Energy Outlook 2023 with
Nasdaq NEW YORK – The U.S. Department of Energy (DOE) on Thursday will announce over $100 million in funding to expand U.S. biofuels production, as the Biden administration works to cut greenhouse gas emissions from transportation and meet climate goals, the department told Reuters. The department plans to award $118 million to 17 projects designed to accelerate the production of
World Oil (WO) – The American Petroleum Institute (API) and the Well Done Foundation signed a Memorandum of Understanding (MOU) to collaborate across a range of activities related to reducing emissions and the proper plugging of orphaned or abandoned natural gas and oil wells. The MOU aims to establish cooperation and a constructive partnership between both organizations by advancing the
Oil Price As California goes, so goes the nation, or so they say. If that rings true, the nation is set for a reversal of some of its strictest renewable energy plans, after the Huntington Beach City Council voted to dump its plan for 100% renewable energy. Huntington Beach, California, is changing the plan it had in place with the
Nasdaq DAVOS, Switzerland – A different type of energy transition has taken place at this year’s World Economic Forum (WEF) meeting. Unlike 2021’s COP26 climate conference in Glasgow, where oil and gas executives were personae non gratae, fossil fuel chiefs and renewable energy bosses sat cheek by jowl in Davos. Activists like Greta Thunberg don’t like it. But some in the
Oil and Gas 360 Digital tokens may be used to reduce buyers’ scope 3 emissions DENVER, Jan. 10, 2023 /PRNewswire/ — PureWest Energy, LLC (“PureWest”), an independent natural gas company based in Wyoming’s Green River Basin, today announced a request for proposals (RFP) for the purchase of low-methane, freshwater-friendly certified natural gas. Buyers will also receive blockchain-based Certified Environmental Tokens™ (CETs) containing the environmental attributes associated
