US department of Energy – Oil & Gas 360

US opens applications for $900 million for small nuclear reactors

October 16, 2024

(Reuters) – The U.S. on Wednesday opened applications for up to $900 million in funding to support the initial domestic deployment of small modular reactor nuclear technology. President Joe Biden’s administration believes nuclear power is critical in the fight against climate change because it generates electricity virtually free from emissions, and that U.S. nuclear power capacity must triple to meet

Halliburton alerts oil clients after cybersecurity breach, activates response plan

August 26, 2024

World Oil (Bloomberg) — Halliburton Co., the world’s biggest provider of fracing services, said it’s alerting customers and other stakeholders after an unauthorized third party gained access to some of its systems. The Houston oilfield contractor has activated its cybersecurity response plan that includes taking certain systems offline for protection as well as notifying law enforcement, it said in a

UPDATE 2-US and Japan announce joint partnership to accelerate nuclear fusion

April 10, 2024

Yahoo Finance WASHINGTON – The United States and Japan announced a joint partnership to accelerate development and commercialization of nuclear fusion, the U.S. Department of Energy said on Wednesday. The partnership was announced as Japanese Prime Minister Fumio Kishida was in Washington for a summit with President Joe Biden. U.S. Deputy Secretary of Energy David Turk and the Japan Minister

US grants $750 million for hydrogen projects across 24 states

March 13, 2024

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

U.S. Department of Energy targeted in cyber attack

June 16, 2023

Oil Price The U.S. Department of Energy was among several federal agencies that got targeted by hackers in a global cyberattack this week. In a statement cited by Reuters, the DoE said that the hackers used a vulnerability in a file-sharing software program to carry out the attack. The attack used a weak spot in the MOVEIt file transfer software that

U.S. Department of Energy soliciting bids for crude oil to replenish petroleum reserve

May 16, 2023

World Oil (Bloomberg) – The U.S. is soliciting bids for up to 3 MMbbl of sour crude oil to refill its depleted Strategic Petroleum Reserve. Deliveries into the emergency government stockpile are planned for August, with awards to be announced in June, the Energy Department said in its solicitation Monday. The move marks the agency’s second attempt to begin

U.S. Department of Energy advances MMEX Resources to final application stage for Trans Permian H2Hub

January 3, 2023

World Oil (WO) — MMEX Resources Corp., sponsor of the Trans Permian H2Hub announced that The U.S. Department of Energy (DOE) approved its concept paper to advance to the final application stage under the guidance for funding clean hydrogen infrastructure. On September 22, 2022, the DOE released its Funding Opportunity Announcement (FOA) to solicit Regional Clean Hydrogen Hubs (H2Hubs) under

U.S. Energy Department recommends granting partial retroactive waivers to refiners: sources

August 5, 2020

Reuters NEW YORK – The U.S. Department of Energy has recommended that some of the oil refiners that applied for retroactive exemptions from the nation’s biofuel blending law be granted partial relief, two sources familiar with the matter said on Tuesday. The move could help bring those refining companies into compliance with a court ruling earlier this year that requires

Oil jumps ahead of OPEC-led talks on output cuts

April 8, 2020

CNBC Oil prices jumped on Wednesday, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic. Thursday’s videoconference meeting between the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia is expected to be more successful than their gathering in March, which

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