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 is an industrial agriculture technology company committed to eliminating global livestock emissions. Our
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
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
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
BOE Report Global oil demand will not peak for some time so policy makers need to ensure sufficient investment in oil and gas to meet consumption and abandon the fantasy of phasing out the fossil fuels, Saudi Aramco CEO Amin Nasser said on Monday. The head of the world’s largest energy company urged a re-set of global energy transition plans in remarks
Oil Price Bank of America is looking to expand its business related to the energy transition, boosting carbon trading, and power and natural gas markets trading, senior executives have told Bloomberg. Banks in the United States and Europe are looking to boost exposure to trading products and financing projects that are deemed of key importance to the energy transition. Bank of
Oil Price UK banking giant Barclays is looking to avoid claims of greenwashing with a new set of guidelines about what ‘transition finance’ is and how its new transition finance team should apply it. The bank, which has just published its ‘Barclays Transition Finance Framework’, says in the document that “As there is no universal consensus as to how to define “transition”
Oil Price Governments need to admit that the transition to low-carbon solutions would raise the price of energy globally, TotalEnergies chief executive Patrick Pouyanné told the Financial Times in an interview published on Monday. “We think that fundamentally this energy transition will mean a higher price of energy,” Pouyanné told FT, noting that policy makers would be essentially mis-selling the transition if
World Oil (WO) – National Ocean Industries Association (NOIA) President Erik Milito issued a statement on the non-binding pact signed at the conclusion of the two-week-long COP28 climate summit in Dubai: “The goals set by COP28 underscore the pivotal role of the American offshore industry in achieving the objectives of mitigating climate change while enhancing global living conditions. “As global
World Oil (Bloomberg) — OPEC is seeking to expand its legal team as the oil producer group prepares for challenges posed by the global shift away from fossil fuels. The Organization of Petroleum Exporting Countries wants to hire a new senior legal adviser as well as a legal specialist, according to postings on the Vienna-based group’s website. The oil industry has faced criticism from
World Oil (Bloomberg) – bp Plc’s temporary boss gave a robust defense of the company’s strategy, batting away suggestions that he needs to follow the big oil deals done by U.S. competitors Exxon Mobil Corp. and Chevron Corp. “We’re focused really on transition” to net zero emissions, Interim Chief Executive Officer Murray Auchincloss said on Tuesday. bp’s growth engines will be clean
World Oil (Bloomberg) – Oil ministers and fossil-fuel company executives descended on Canada’s energy capital this week for the World Petroleum Congress. And even as oil prices threatened to break the $100-per-barrel mark, it was the global transition to cleaner energy that was the focus of proceedings. Here are some of the main takeaways from the event in Calgary. Saudi
