renewable energy Archives - Page 8 of 68

Analysis: Bumpy road ahead for US gasoline demand and energy transition

July 24, 2023

Nasdaq While U.S. gasoline demand is unlikely to rescale the pre-pandemic peaks of 2018 as the energy transition accelerates, the pace of its decline is uncertain, illustrating the challenge for industry and the government in planning the shift to a low-carbon economy. The complex interplay between the transition, policy, economic performance and consumer preferences have made it harder than

A nickel glut is looming

July 21, 2023

Oil Price Supply of nickel deliverable to the London Metal Exchange could jump next year by 35% compared to 2022 levels as new plants for nickel processing in China and Indonesia could cause a glut and crash prices, analysts at Macquarie Group say. The new plants in Asia would process growing volumes of intermediate nickel products into LME-deliverable nickel metal,

Shell considers selling stake in renewable power unit as CEO turns focus back to fossil fuels

July 13, 2023

World Oil (Bloomberg) – Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said. The UK energy giant is working with advisers to study a range of possibilities that could also include separating the business into a more independent unit, the people said.

Focus: Fertilizer company OCI bets big on climate-friendly ammonia

July 10, 2023

Nasdaq Without a single sales contract in hand, Dutch fertilizer company OCI OCI.AS is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan. OCI’s plant would be the world’s first new commercial facility to capture and sequester 95% of the emissions produced

Shell CEO says slashing oil output would be ‘Dangerous and Irresponsible’

July 6, 2023

Oil Price Reducing global oil and gas production would be “dangerous and irresponsible” as the world still desperately needs those hydrocarbons, Shell’s chief executive Wael Sawan has told the BBC. Last month, Shell unveiled its new strategy to continue investing in oil and gas production and selectively pour capital into renewable energy solutions, angering climate activists and some institutional investors. Back in 2021, Shell

McKinsey: Key metals shortages could slow the energy transition

July 5, 2023

Oil Price Looming shortages of critical metals enabling the energy transition could slow the uptake of renewables and low-carbon solutions, McKinsey & Company warns. Supply of nickel, copper, lithium, cobalt, tin, iridium, and rare-earth element dysprosium faces shortages this decade, which would raise metals prices, supply chain pricing, and the price of finished products such as EV batteries or solar panels,

Biden's green hydrogen plan hits climate obstacle: Water shortage- oil and gas 360

Insight: Biden’s green hydrogen plan hits climate obstacle: Water shortage

July 3, 2023

Investing The Biden administration’s climate agenda is facing an unexpected challenge in drought-prone Corpus Christi, Texas, where a proposed clean hydrogen hub would require the installation of energy-intensive, expensive and potentially environmentally damaging seawater desalination plants. The Gulf Coast port is in the running for up to $1 billion available under President Joe Biden’s 2021 Infrastructure Investment and Jobs Act

Record renewables growth fails to cut global fossil fuel share

June 26, 2023

Oil Price Record increases in solar and wind installations in 2022 failed to cut into the massive 82% share of fossil fuels in global energy consumption amid turbulent energy markets and energy security concerns, the annual Statistical Review of World Energy showed on Monday. Moreover, despite the record growth of global solar and wind capacity additions last year, emissions rose again,

Total Helium ramps up operations with first 15 wells at Pinta South project

June 26, 2023

Oil and Gas 360 Vancouver, British Columbia, June 26, 2023 – Total Helium Ltd. (TSX-V: TOH), (OTCQB: TTLHF), (FRA: Y02.F) (“Total Helium” or the “Company”) is pleased to provide a follow-up operational update on its Pinta South Project in the Holbrook Basin of Arizona. Following the successful construction of a six-mile pipeline and connection of five wells to the helium

Investor confidence crisis grips Siemens Energy after record sell-off

June 23, 2023

Nasdaq FRANKFURT – A record sell-off in Siemens Energy ENR1n.DE shares has laid bare a major loss of confidence by investors in the group’s ability to fix its struggling wind turbine division, leaving them fearful of what else to expect down the road. Siemens Energy’s stock plunged by a third on Friday, knocking more than 6 billion euros ($6.5 billion) off the group’s

Renewables set to benefit from big oil’s renewed focus on oil and gas

June 21, 2023

Oil Price Environmentalists and critics are having a field day after a second international energy major scaled back its renewable development ambitions in the space of just a few months. But Big Oil’s renewed focus on profitable projects in oil and gas and the new, selective approach to wind, solar, and other clean energy solutions with the best economics could

Hackers have renewable energy projects in their crosshairs

June 20, 2023

Oil Price The European Union has plans to boost its wind and solar power generation capacity by orders of magnitude in order to hit decarbonization goals. That capacity is heavily reliant on software. And software can be hacked. “Cyber risks to renewable energy assets are extremely acute. Many of these generation facilities will be directly connected to a regional or

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