Post Tagged with: "renewables"

Source: CNBC

German steel powerhouse turns to ‘green’ hydrogen produced using huge wind turbines

CNBC


A major green hydrogen facility in Germany has started operations, with those behind the project hoping it will help to decarbonize the energy-intensive steel industry in the years ahead.

The “WindH2” project involves German steel giant SalzgitterE.ON

Source: Reuters

Shell’s 2020 carbon emissions fall on the back of fuel sales drop

Reuters


LONDON – Royal Dutch Shell, owner of the world’s largest fuel retail network, said on Thursday its total greenhouse gas emissions dropped 16% in 2020 as oil and gas sales fell sharply due to the coronavirus pandemic.

hell said …

Source: Reuters

Exclusive: BP bets on energy trading to fund strategy shift after bumper year

Reuters


LONDON – BP’s trading arm made nearly $4 billion in 2020, according to a copy of an internal BP presentation seen by Reuters, almost equalling the record trading profit in 2019 despite the collapse in oil demand caused by …

Source: Reuters

U.S. climate czar urges oil industry to hasten transition to renewables

Reuters


WASHINGTON – U.S. climate envoy John Kerry on Tuesday urged oil and gas companies to do more to diversify and adopt low-carbon technologies to tackle climate change.

Speaking alongside oil executives making the case for the continued production of …

Source: Reuters

State oil firms risk wasting $400 billion as energy transition speeds up

Reuters


LONDON – National oil companies (NOCs) risk squandering $400 billion on expensive oil and gas projects over the next decade that may only break even if the world fails to meet the Paris climate goals, a non-governmental organisation said …

Source: Reuters

Germany agrees amended energy law to boost renewables

Reuters


BERLIN – Germany’s ruling coalition has agreed changes to a new energy law that aims to boost renewable power and help the country meet its goal of producing 65% of its electricity from green sources by 2030, the environment …

Source: Reuters

Petrobras, Equinor stake out opposite renewables strategies in Brazil

Reuters


RIO DE JANEIRO  – Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce …

Source: Reuters

Australia state unveils $23 billion energy roadmap in renewables push

Reuters


SYDNEY  – Australia’s New South Wales (NSW) state said on Monday it would shift toward renewable energy from coal and aimed to lure A$32 billion ($23.3 billion) of private investment into the sector in the next decade.

Australia’s most …

Source: CNBC

Airbus announces concept designs for zero-emission, hydrogen-powered airplanes

CNBC


European aerospace giant Airbus released details of three hydrogen-fueled concept planes on Monday, saying they could enter service by the year 2035. The designs, named ZEROe, differ in size and style, but are all meant to be zero-emission, using

September 21, 2020 - 2:00 pm Closing Bell Story‎, Energy News, Renewable Energy
Source: Reuters

Pandemic’s ‘great reset’ pushes energy firms toward renewables, hydrogen: executives

Reuters


SINGAPORE – The economic trauma caused by the coronavirus pandemic has pushed energy companies to step-up investment in renewables, hydrogen and other low carbon alternatives, but fossil fuels will be their dominant business for the foreseeable future, industry executives …

Fossil fuels account for the largest share of U.S. energy production and consumption

Fossil fuels account for the largest share of U.S. energy production and consumption

EIA


Fossil fuels, or energy sources formed in the Earth’s crust from decayed organic material, including petroleum, natural gas, and coal, continue to account for the largest share of energy production and consumption in the United States. In 2019, 80% …

Source: Reuters

Global energy transition already well underway: Kemp

Reuters


LONDON  – Policymakers still tend to talk about the global energy transition in the future tense, as something that might or will happen in the next few decades, but the transition is already well underway and shows signs of …

September 11, 2020 - 12:30 pm Closing Bell Story‎, Energy News, Renewable Energy, Sustainability
Source: Reuters

China’s energy giants tiptoe into renewables

Reuters


SINGAPORE/BEIJING  – China’s state energy producers outlined initiatives to develop hydrogen and wind power after their earnings slumped along with the oil price in the first half but their renewables projects could take years to materialise.

The tentative plans …

Source: CNBC

Siemens gets ready to spin off its energy business, emphasizing a need for ‘focus’

CNBC


Siemens has revealed more details of the spin-off its energy business later this month, as it aims to create a firm which CEO Joe Kaeser has previously described as encompassing “the entire scope of the energy market like no …

Source: Forbes

What will an American carbon tax cost you?

Forbes


How much are you willing to spend to save the earth? How about an extra 89 cents per gallon? That’s about how much a nationwide carbon tax would cost every time you stop for a gasoline fill up. Whether …

Source: CNBC

Offshore wind project near Virginia Beach to use giant turbines with 108-meter blades

CNBC


A vast offshore wind project planned for waters off the coast of Virginia Beach looks set to use Siemens Gamesa Renewable Energy’s latest wind turbines, it was announced Tuesday.

The European company said that the 2.64 gigawatt (GW) Dominion …

Source: CNBC

Energy demand, hit by coronavirus crisis, is set to see record drop this year, IEA says

CNBC


The International Energy Agency said Thursday it expects global energy demand to plunge this year in what the Paris-based agency called the biggest drop since World War II.

With roughly 4.2 billion people around the world subject to some …

In 2019, U.S energy production exceeded consumption for the first time in 62 years

In 2019, U.S energy production exceeded consumption for the first time in 62 years

EIA


Oil & Gas 360 Publishers Note: Very interesting data provided by the EIA. If the U.S. energy production exceeded consumption in 2019 with no Covid 19 Virus, what in the world is going to happen this year?

In 2019, …

Wind has surpassed hydro as most-used renewable electricity generation source in U.S.

Wind has surpassed hydro as most-used renewable electricity generation source in U.S.

EIA


Oil & Gas Publishers Note: Interesting news from the EIA regarding wind surpassing hydroelectric, but is this a time to celebrate? We are looking at the statistics on renewable energy and the CO2 impact to the environment. The impact

Source: CNBC

Shell’s new solar farm to help power a natural gas plant in Australia

CNBC


Shell Australia is set to construct and operate a solar farm made up of around 400,000 photovoltaic panels in the state of Queensland.

In an announcement Friday, Shell Australia described the facility as its “first large-scale solar farm” and

EIA projects less than a quarter of the world’s electricity generated from coal by 2050

EIA projects less than a quarter of the world’s electricity generated from coal by 2050

EIA


By 2050, coal-fired generation comprises only 5% of the region’s generation mix.

EIA World net electricity by fuel, IEO 2019 Reference case - oilandgas360

According to the U.S. Energy Information Administration’s (EIA) International Energy Outlook 2019 (IEO2019), global electric power generation from renewable sources will increase more than 20% throughout the …

Source: CNBC

Citi explains why there’s an ‘ultimate cap’ on oil prices

CNBC


The cost of producing electricity from solar energy has in the last two years been lower than that of fossil fuels — and that “permanent change” will limit how high oil prices can climb, according to Citi.

That shift is …

New electric generating capacity in 2020 will come primarily from wind and solar

New electric generating capacity in 2020 will come primarily from wind and solar

EIA


EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020. Solar and wind represent almost 32 GW, or 76%, of these additions.

New electric generating capacity in 2020 will come primarily from wind and solar - fig 1 -oilandgas360

According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric

An offshore wind farm using huge turbines has started to send electricity to the Belgian grid

An offshore wind farm using huge turbines has started to send electricity to the Belgian grid

CNBC


The first turbine at the Northwester 2 offshore wind farm in the North Sea has started sending electricity to the Belgian grid.

Construction on the 219 megawatt (MW) project is still ongoing, although it is slated to be fully

January 14, 2020 - 1:00 pm Closing Bell Story‎, Energy News, Renewable Energy
Source: Houston Chronicle

Biodiesel and wind tax credits extended, as Congress prepares to vote

Houston Chronicle


UPDATE:

Tax credits for biodiesel and wind energy were extended under a deal struck by Republicans and Democrats late Monday night, according to sources close to the discussions. With the House expected to vote on the spending plan

December 17, 2019 - 12:00 pm Closing Bell Story‎, Energy News, Regulatory, Renewable Energy
Source: Houston Chronicle

Baker Hughes to power all of its Texas facilities from renewables

Houston Chronicle


Houston oilfield service and technology company Baker Hughes has entered into a deal to power all of its facilities in Texas from renewable sources such as wind and solar.

In a Wednesday morning statement, Baker Hughes announced signing …

December 11, 2019 - 2:30 pm Closing Bell Story‎, Energy News, Renewable Energy
Source: Reuters

BP increases stake in solar energy firm Lightsource BP

Reuters


LONDON – BP (BP.L) is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday.

European oil …

Source: Houston Chronicle

Renewables get a boost from lower cost batteries

Houston Chronicle


Lower costs and more capacity helped to drive growth in the renewable energy industry this year, according to a new study.

The lifetime cost of operating utility-scale solar facilities declined by 18 percent and on-shore wind dipped by …

Source: Reuters

Growth in global oil demand to slow from 2025: IEA

Reuters


Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is unlikely to peak in the next two decades, the International Energy Agency said on …

Source: Houston Chronicle

Renewables can’t get grid to net zero alone, MIT scientists say

Source: Houston Chronicle


WASHINGTON – Getting the power grid to net-zero carbon emissions by 2050 will be far less costly if nuclear power, along with wind and solar energy, can be expanded, according to scientists from the Massachusetts Institute of …