(Oil Price) – By reversing and axing most climate policies of the Biden administration, U.S. President Donald Trump will not be able to reverse progress in the energy transition as there is still a “compelling case” in favor of clean energy solutions, according to Citigroup’s analysts. “Clean energy is cheaper, more widely available, and more efficient,” Citigroup ESG analysts wrote in
(World Oil) – SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands. SLB Capturi is the joint venture between SLB and Aker Carbon Capture, dedicated to carbon removal and reduction solutions. The new plant has the capacity to capture up to 100,000 metric tons of CO2 per year, which
(Investing) – BRUSSELS/LONDON – A second U.S. withdrawal from the world’s primary climate pact will have a bigger impact – in the U.S. and globally – than the country’s first retreat in 2017, analysts and diplomats told Reuters. One of President Donald Trump’s first acts on returning to office on Monday was to quit the Paris Agreement as part of his
(Oil & Gas 360) – The Oil and Gas Decarbonisation Congress (DECARBON) 2025 welcomes top management and leading technical specialists to present companies’ experience and solutions for reducing carbon emissions within the oil and gas sector. The Congress is held in Berlin, Germany on 10-11 February. As the global focus intensifies on reducing carbon emissions to combat climate change, oil
(Oil Price)– The fate of Canada’s largest proposed carbon capture and storage project now hangs in the balance after Prime Minister Justin Trudeau announced that he would resign after a new leader of his Liberal Party is chosen. According to industry watchers, the $16.5B project faces an uncertain future with a new federal government to be elected later this year. To be built
(World Oil) – Energy NL has made a submission to the Government of Canada Gazette 1 consultation process on the proposed Oil and Gas Sector Greenhouse Gas Emissions Cap Regulations and has asked the federal government to abandon the regulations. According to the submission, the regulations sidestep the Atlantic Accord and will effectively cap offshore oil production and greatly impact the
(World Oil) – Pioneer Energy announced today they have been selected by the U.S. Department of Energy for four different awards which collectively total $27 million. Three of these are intended to advance the company’s Emission Control Treater™ (ECT), a breakthrough near zero emissions well pad production technology that can increase crude yield by 5-10%. The ECT is a closed
(Oil & Gas 360) – HOUSTON, December 30, 2024 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today provided an update regarding flare monitoring regulations issued by the Environmental Protection Agency (“EPA”). On December 20, 2024, the EPA issued proposed amendments to its New Source Performance Standards and Emission Guidelines for Existing Sources for the Crude Oil and Natural
(World Oil) – Technology giants are partnering with geothermal start-ups as they seek to power their energy-intensive data centers with clean but reliable power sources. Several deals have been struck over the past year as Big Tech is looking to boast low-emission profiles of its energy use. The other 24/7 low-carbon energy comes from nuclear power generation, and deals have been
(Oil Price) – The supermajors are moving into power generation, tempted by forecasts of a looming surge in demand. Yet there is a twist: the temptation is natural gas generation. Wind and solar—typically described as green or clean power—are turning into a fiasco for Big Oil. Chevron and Exxon both recently said they were planning to venture into the exciting—and quite
(Investing) – The Summit Carbon Solutions’ massive carbon dioxide pipeline project proposal would need to be reassessed if the United States repeals tax credits for carbon capture and storage, a company attorney said on Thursday. Summit intends to capture carbon dioxide from 57 ethanol plants across the Midwest and transport it along a pipeline more than 2,000 miles (3,218 km)
(Oil Price) – U.S. clean energy investor Acadia Infrastructure Capital is launching a coalition with tech giant Microsoft as an anchor investor as part of plans to develop $9 billion worth of clean energy projects in the United States, Acadia’s Vice President Brian O’Callaghan told Reuters. Acadia is leading the Climate and Communities Investment Coalition (CCIC) to which other companies apart from
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