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February 16, 2021

Chevron and BP back renewable start-up focused on geothermal energy- oil and gas 360

Chevron and BP back renewable start-up focused on geothermal energy

February 16, 2021

CNBC Canada-based geothermal company Eavor Technologies on Tuesday announced a $40 million funding round that included participation from BP Ventures and Chevron Technology Ventures as big oil companies increase investments in renewable energy. Geothermal power is renewable energy produced from underground heat. The U.S. Department of Energy calls geothermal a “vital clean energy resource,” noting that it emits little to

Resurgent Canadian natgas producers look to horn in on U.S. market-oil and gas 360

Resurgent Canadian natgas producers look to horn in on U.S. market

February 16, 2021

Reuters CALGARY, Alberta – Canadian natural gas producers are bouncing back faster from the COVID-19 pandemic than battered U.S. shale firms, putting them in position to boost net gas exports to the United States for the first time in five years. The opportunity for Canadian firms to take a piece of the market back from U.S. rivals reverses one of

EU to seek fossil fuel phase-out in energy charter treaty talks: document- oil and gas 360

EU to seek fossil fuel phase-out in energy charter treaty talks: document

February 16, 2021

Reuters BRUSSELS – The European Union’s executive will push for a 10-year phase-out of the protection for fossil fuels under an international energy treaty, following calls from some countries to quit the accord unless it can be aligned with Europe’s climate goals. The more than 50 signatories to the Energy Charter Treaty will next month resume talks to update the

Deep freeze shuts Houston ship channel as energy closures mount- oil and gas 360

Deep freeze shuts Houston ship channel as energy closures mount

February 16, 2021

Reuters A deep freeze continued to wreak havoc on the U.S. energy sector, bringing operations to a halt at the Houston Ship channel, while several of the biggest oil refineries remained offline in the nation’s largest crude-producing state. Overall, around 5.3 million customers were without power in most states including Texas and New York, with around 4.3 million customers out

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