Yahoo Finance WASHINGTON – The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a major part of the Biden administration’s plan to crack down on leaks of the potent greenhouse gas. WHY IT IS IMPORTANT
Oil Price A district court in New Mexico has allowed a lawsuit to proceed against the state’s governor, legislature, and agencies for failing to uphold their state constitutional duty to protect against pollution from oil and gas drilling. The lawsuit, Atencio v. State, was filed by indigenous and environmental groups in 2023, claiming that the state of New Mexico and other
U.S. News WASHINGTON – The United States could revive some of its recently retired nuclear power plants to help meet rising demand for zero-emissions electricity, or add reactors to existing sites, Energy Secretary Jennifer Granholm said in an interview. The administration of President Joe Biden believes nuclear power is critical to meeting greenhouse gas reduction goals and decarbonizing the economy
World Oil (WO) — Energy Workforce & Technology Council (EWTC) issued a statement applauding the introduction of S.4405, the “Natural Gas Tax Repeal Act,” by U.S. Senator Ted Cruz. If passed, the act would repeal the recently implemented tax on methane emissions, a move that the EWTC believes is crucial for the future of the energy industry. “We commend Senator
Oil Price In a strategic move to bolster its commitment to sustainable energy, Saudi Aramco (2223.SE) has entered into three significant memorandums of understanding (MOUs) with U.S. companies Aeroseal, Spiritus, and Rondo. The agreements aim to explore and develop lower-carbon energy solutions, as detailed in an official statement released on Friday. Improving Pipeline Integrity The MOU with Aeroseal—an energy efficiency
Oil and Gas 360 May 7, 2024 Netherland, Sewell & Associates, Inc. (NSAI) is pleased to announce it is hosting its Oil, Gas, and CO2 Storage Property Evaluation Seminar in Rio de Janeiro this year with a one-day session on May 24. For over 25 years, global petroleum consultancy NSAI has hosted a series of highly regarded oil and gas
World Oil (WO) – Honeywell and Weatherford announced a partnership to deliver a comprehensive emissions management solution for the oil and gas industry. The agreement combines Honeywell’s emissions management suite with Weatherford’s Cygnet SCADA platform, providing customers with a powerful tool to monitor, report, and take measures to help reduce greenhouse gas emissions, flammable hydrocarbons, and other potentially dangerous and
World Oil (WO) – In October 2023, the American Petroleum Institute (API) urged the Biden administration to revise the proposed Subpart W greenhouse gas (GHG) reporting rule so that it reflects the progress the oil and gas industry has made to reduce emissions, increases reporting transparency and accuracy, and incentivizes empirical data innovations and cost-effective methane detection technologies. Today, API
Oil Price U.S. greenhouse gas emissions rose 1.3% in 2022, reflecting post-COVID economic recovery, but declined 17% since 2005, according to the Environmental Protection Agency’s (EPA) Annual US Greenhouse Gas Inventory (GHG Inventory), released every April. The EPA’s neutral policy report has been released annually since its inception in 1993, in accordance with the Paris Agreement and the United Nations
Nasdaq WASHINGTON – The U.S. Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost U.S. competitiveness. Energy Secretary Jennifer Granholm will unveil the awards during a visit to a Cleveland-Cliffs Steel Corp CLF.N facility in Middletown, Ohio, which will
Nasdaq HOUSTON – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large scale move to clean fuels. Global oil prices LCOc1 have remained in a range between $75 and $85 per barrel, a level fueling profits but not hurting economic
Nasdaq WASHINGTON – The U.S. Department of Energy said on Wednesday it is granting $750 million to projects across 24 states that are building capacity to produce and use clean hydrogen. Hydrogen is a fuel that the administration of President Joe Biden sees as crucial to reducing use of fossil fuels and cutting emissions from hard-to decarbonize industries such as
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