(Investing) – CALGARY – The future of Canada’s six-year-old carbon pricing system is on shaky ground after 14 oil and gas CEOs and the political opposition leader this week called for its repeal. Scrapping the system, which aims to reduce pollution by giving heavy industry a financial incentive to cut carbon emissions, however, puts the viability of a high-profile carbon capture
(Oil Price) – Investors in energy transition businesses are enjoying a shift in market sentiment that has led to valuation slumps turning a lot of wind, solar, battery storage, and other companies from the area into great bargains. Bloomberg reports that the recent crash in wind, solar, battery, and other transition-related stocks has whetted buyers’ appetite on the grounds that the fundamentals of
(Oil Price) – Germany’s biggest utility RWE will supply green hydrogen to France’s oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant said on Wednesday. The green hydrogen from RWE will be
(Investing) – WASHINGTON -A group of Republican lawmakers urged the House committee drafting President Donald Trump’s proposed tax cuts in the upcoming budget reconciliation bill to preserve key clean energy tax credits enacted under the Biden administration to protect private sector investments in their districts, according to a letter circulated on Monday. Led by New York Republican Congressman Andrew Garbarino, the
(Investing) – South Dakota Governor Larry Rhoden signed a bill on Thursday banning the use of eminent domain, which allows private land to be taken for public use, for the construction of carbon dioxide pipelines, potentially endangering a $9 billion project proposed by Summit Carbon Solutions. Summit’s pipeline would carry captured carbon dioxide from ethanol plants in five Midwest states to
(World Oil) – ChampionX announced today its ChampionX Emissions Technologies’ Aerial Optical Gas Imaging (AOGI) platform has received approval from the U.S. Environmental Protection Agency (EPA) for the Methane Alternative Test Method outlined in OOOOb. This approval marks a significant milestone in emissions management, empowering operators to integrate AOGI into their emissions monitoring programs to detect and locate fugitive methane
(Oil Price) – Oil and gas producers in the United States will no longer be obliged to pay a fee for the methane they emit in the course of their operations after Congress voted to axe one of the most celebrated moves of the Biden administration in the energy space. With a 52-47 vote, senators repealed the fee, and now all
(World Oil) – The Senate voted Thursday to repeal a new U.S. fee on climate-warming methane emissions from oil and gas producers, sending the measure to the White House for President Donald Trump’s signature. The repeal, which would be a boon to oil and gas producers but abandons an incentive to control releases of a potent greenhouse gas, comes as
(World Oil) – The American energy industry has always taken great pride in being innovative, independent, and committed to free market principles. Recently, however, executives at some of the nation’s biggest oil and gas companies are publicly embracing the same corporate welfare schemes that have propped up unreliable so-called “green” energy for decades. This is discouraging because government subsidies distort markets, encourage dependency, and waste taxpayer dollars,
(World Oil) – Wood has been selected to provide operations and maintenance solutions for MTR Carbon Capture at the world’s largest membrane-based carbon capture plant in Gillette, Wyoming, the consulting and engineering firm announced. The facility, which is based at the Wyoming Integrated Test Center (ITC) and managed by the University of Wyoming, is part of the U.S. Department of
(Oil & Gas 360) – DECARBON 2025 brought together industry leaders to chart the course for sustainable energy transition strategies in Berlin, Germany on 10-11 February. Central themes included solutions for reducing carbon footprints across all industry segments, hydrogen production, advancements in refining, integration of circularity principles and others. The Oil and Gas Decarbonisation Congress (DECARBON 2025) has concluded in
(Oil & Gas 360) – DENVER–(BUSINESS WIRE)– February 13, 2025 6:00 am EST– BKV Corporation (“BKV” or the “Company”) (NYSE: BKV) today announced a strategic partnership with a leading diversified midstream energy company to develop a new carbon capture and sequestration (“CCS”) facility at a currently operating natural gas plant in South Texas. This partnership underscores BKV’s commitment to reducing
