decarbonization

Exxon: Decarbonization business is set for huge growth

April 12, 2023

Oil Price Last month, Exxon Mobil (NYSE:XOM) pulled the plug on its 14-year-long algae biofuels project, becoming the last oil company to abandon what was once considered the fuel of the future. The whole idea was not without merit, though. Algae do have some clear advantages over other biofuel candidates, mainly because these photosynthetic microorganisms are super-efficient at converting sunlight into biomass, have high lipid content

BP economist: oil industry focused “too much” on decarbonization in 2022

March 15, 2023

World Oil (Bloomberg) – BP Plc’s Chief U.S. Economist Michael Cohen said the oil industry focused too much on cutting greenhouse gases last year, eroding its ability to keep pace with demand. “2022 taught us that too much focus on the decarbonization agenda led to a mismatch between supply and demand,” said Cohen in a Monday interview in Mexico

Eni, ADNOC partner for future energy transition, decarbonization projects

March 6, 2023

World Oil (WO) – Claudio Descalzi, Eni CEO, and his Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, signed today a Memorandum of Understanding (MoU) outlining a framework of cooperation for future joint projects on energy transition, sustainability and decarbonization. Source: ReutersThrough this agreement, Eni and ADNOC will

Wolf Carbon Solutions, ADM announce partnership to advance decarbonization of ethanol production

January 11, 2022

Oil and Gas 360 DENVER and CHICAGO, Jan. 11, 2022 /CNW/ – Wolf Carbon Solutions US LLC (Wolf Carbon Solutions) and ADM (NYSE: ADM), a global leader in nutrition and agricultural origination and processing, today announced that they have signed a Letter of Intent paving the pathway toward further decarbonization of ADM’s footprint via construction of a pipeline – developed, owned and operated by

Decarbonization goals fuel talent acquisition in energy-intensive industries

December 22, 2021

World Oil As companies target net zero emissions by 2050, industrial decarbonization gathers momentum to embrace novel technologies, smart policies, robust investments, and new business models. To drive such initiatives, talent hiring is on the rise across industries, according to GlobalData, a leading data, and analytics company. Kiran Raj, Principal Disruptive Tech Analyst at GlobalData, comments: “The recent boom around

BlackRock CEO says Shell decarbonisation ruling “not a solution”

June 4, 2021

Reuters MILAN – Last week’s Dutch court decision against Royal Dutch Shell RDSa.L is not the way to solve the global decarbonisation issue and risks shifting the problem to private firms, the head of the world’s largest money manager said on Thursday. BlackRock BLK.N CEO Larry Fink said the ruling that requires Shell to deepen its planned greenhouse gas emission cuts was an