(Reuters) – U.S. President Joe Biden will announce the first offshore wind power development rights sale in the Gulf of Mexico on Thursday as part of a trip to highlight the administration’s efforts to boost renewable energy, the White House said. In February the United States proposed to expand offshore wind power development into the Gulf …
Biden to Announce Offshore Wind Rights Sale in Gulf of Mexico Read More »
(Bloomberg) Washington and Beijing need more time to “break new ground” in their shared mission to combat global warming, US climate envoy John Kerry said after days of talks in Beijing ended without sweeping new commitments. “We got a long way with it,” and “we just ran out of administrative time and capacity to chase …
John Kerry Says the US and China Need More Time to Break Ground on Climate Read More »
U.S. natural gas futures held near a one-week high on Wednesday on a drop in daily output and forecasts for the weather to remain hotter-than-normal through early August, especially in Texas. That price increase came despite forecasts for less demand this week than previously expected and slow growth in the amount of gas flowing to …
US natgas prices hold near 1-week high on output drop, lingering heat wave Read More »
Courtesy of The Atlantic Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE If China was the community that we all collectively watched grow up over the last couple of decades, then this chapter is titled The Kids Aren’t Alright. A story truly not getting enough airtime is what’s happening right now with the Chinese …
Iraq secured its $27 billion oil deal with France’s TotalEnergies last week by offering quicker, less risky payback through greater revenue-sharing, a model it could replicate in the future to lure investors. Foreign investment in Iraq’s energy sector has fizzled out since a flurry of post U.S.-invasion deals over a decade ago, with Exxon Mobil, Shell and BP all …
Iraq’s massive Total oil deal heralds new revenue-sharing formula Read More »
Power demand in Texas is once again setting records as extreme heat drives homes and businesses to crank up the air conditioning, and the outlook for more searing temperatures means the state’s grid will continue to be tested. Power consumption rose to all-time high of 82,698 megawatts on Tuesday afternoon, grid data compiled by Bloomberg …
Extreme Heat Drives Texas Power Demand to Another Record Read More »
(Reuters) – Global oil benchmark Brent briefly hovered above $80 on Wednesday, buoyed by China’s pledge to reinvigorate economic growth and expectations the U.S. Federal Reserve will stop raising interest rates soon. Brent futures were up 26 cents at $79.89 a barrel by 1120 GMT, while U.S. West Texas Intermediate (WTI) crude was up 9 …
Global Benchmark Brent Oil Briefly Hovers Over $80 as Inflation Worries Ease Read More »
There’s no secret that capturing voluntary methane emissions is a win-win for the oil and gas industry and the environment. Recapturing natural gas after a pipeline or facility has been isolated for depressurization helps to improve operational economics. Some technologies can keep as much as 99.99% of potential methane emissions out of the atmosphere and …
Ford on Monday announced significant price cuts for all versions of its electric F-150 Lightning pickup. The cheapest version of the Lightning will now start at about $50,000, a roughly $10,000 cut. All versions of the EV will get price cuts of at least $6,000 as Ford works to boost production this fall. Ford Motor …
Ford cuts prices on its electric F-150 Lightning pickups by as much as $10,000 Read More »
(Bloomberg) The US, the European Commission, Japan, South Korea and Australia are collaborating to limit methane emissions from liquefied natural gas supply chains as concerns mount over the climate impact from leaks of the potent greenhouse gas. Although few details were released, the partnership represents a shift for some of the world’s biggest LNG buyers …
Major LNG Buyers and Sellers Unite to Combat Methane Leaks Read More »
