energy transition – Oil & Gas 360

Acadia and Microsoft plan $9 billion worth of U.S. renewable energy projects

December 11, 2024

(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

Note on the news: The Wright energy transition

November 27, 2024

(Oil & Gas 360)– Jaguar just released an ad for their new electric vehicle which must rank as the new standard for weirdness. It just might exceed the Bud Light ad for brand destruction. Too bad. Another sacrifice on the woke altar. Did Jag not get the memo from Mercedes, Ford, and Volkswagen about sales volumes? The much-talked-about but not-much-done-about Energy

New Trump administration- a different type of “Energy Transition?”

November 7, 2024

(Oil & Gas 360) – “Now comes the hard part.” That’s the reality confronting every victor in a Presidential election. After nearly nine years of placing domestic energy as one of the foundations of his “America First” platform, newly elected President Donald Trump is expected to quickly alter or outright eliminate several of the energy policies of the outgoing Biden administration.

Sun setting soon on fossil fuels- International Energy Administration

October 30, 2024

(Oil & Gas 360) – The ever-changing global energy markets were given a comprehensive assessment by the International Energy Agency in its World Energy Outlook 2024 released earlier this October. The agency’s Energy Transition assessment highlights capacity additions of renewals of over 560 gigawatts added in 2023. Capacity refers to a source running at full efficiency; actual electron delivery from

All the world’s a stat- The $3 trillion transition

October 9, 2024

(Oil & Gas 360) – The International Energy Administration (IEA) released its Government Energy Spending Tracker late last month detailing the nearly $3 trillion in global investment in decarbonization efforts. The United States accounts for roughly one-sixth of that number with nearly $ 600 billion allocated across six categories (outlined below). The figure equates to an approximate federal spend on

Energy transition stumbles under cost weight

September 26, 2024

(Oil Price) – This week, the International Energy Agency said that the COP28 targets for expanding wind and solar capacity were “within reach”. Yet there was a “but”. That had to do with the fast expansion and upgrade of grids and the equally fast buildout of energy storage capacity. That “but” can doom the whole transition—if it’s not already doomed.

OPEC forecasts 18% global oil demand growth by 2050 on energy security, accessibility concerns

September 25, 2024

( World Oil) – OPEC doubled down on forecasts that global oil demand will keep growing to the middle of the century. World oil consumption is set to increase by 17.9 MMbpd, or roughly 18%, to 120.1 MMbpd by 2050, the Organization of Petroleum Exporting Countries said in its annual long-term outlook. It raised estimates covering the next two decades

Exclusive: Gradient Geothermal at EnerCom Denver-The Energy Investment Conference 2024

August 27, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Geothermal energy is clean, renewable, and most importantly baseload. Gradient Geothermal Inc, formed by the combined expertise of Transitional Energy LLC and X Machina Sustainable Technologies Inc., is based in Denver,

Exclusive: W2E executive interview with EnerCom

August 16, 2024

Oil and Gas 360 Publisher’s Note: Jim Felton with EnerCom sat down with W2E and spoke with Matt Ciardiello, CFO of W2E Renewable Solutions, about the company’s innovative approach to extracting hydrogen, methanol, renewable natural gas, and even graphene and graphite char from cattle manure. W2E will present in person at the 2024 EnerCom Denver—The Energy Investment Conference presented by EnerCom at 11:00 a.m. on

Oil and gas are here to stay

July 15, 2024

Oil Price The energy transition is showing signs of losing momentum over the past few months. EV sales are slowing, wind and solar capacity additions are not expanding fast enough, and electricity is getting more instead of less expensive. With those signs, others have been flashing red, too. Despite the push against oil and gas, these are here to stay

$2-trillion funding gap casts shadow over energy transition

April 25, 2024

Oil Price Investments in the energy transition are falling way short of what is needed for its success. The fresh warning comes from BlackRock, which said annual investments in the shift away from hydrocarbons need to almost double from their current record levels. But it’s getting less likely this would ever happen. In a new edition of its Investment Institute

Support for energy transition will wane if people can’t afford energy, Shell lawyer says in Dutch climate case

April 2, 2024

World Oil (Bloomberg) – Support for the energy transition will wane if ordinary citizens aren’t able to keep the lights on, a lawyer for Shell Plc argued as a crucial climate case got underway. Lawyers for Shell said on the first day of the appeal in The Hague that a 2021 ruling ordering the oil and gas giant to slash

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