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Forecasting hydrogen’s costs By David R Baker Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more expensive than previously thought for decades to come, according to a new estimate from BloombergNEF. Hydrogen companies worldwide are already struggling with canceled projects and sluggish …
Emissions of the gas dropped by 26% in 2023, S&P Global says Decline comes amid Biden rules that face a threat with Trump Methane emissions in the largest US oil basin plunged 26% last year as companies tightened operations and deployed new technology to stop leaks of the potent greenhouse gas, according to a study by S&P …
Methane Emissions in Permian Basin Fall as Drillers Plug Leaks Read More »
By Reuters (Reuters) – U.S. utilities are finally signing concrete supply deals with data-center operators as the artificial-intelligence wave sparks a surge in power demand, paving the way for higher profits in the coming quarters. Data centers are expected to account for 8% of the power generated in the U.S. by 2030, compared with 3% in …
Microsoft Deal Signals Booming Demand From Data centers to Power AI – The Deals of 2024 Read More »
Ramping up purchases faces numerous practical constraints, not least the country’s limited supply. There’s no quick fix for incoming President Donald Trump’s demand that European nations buy more American oil and gas. He insisted that the European Union make “large-scale purchases” of US hydrocarbons to “make up their tremendous deficit with the United States” or face “TARIFFS …
Trump’s Demand for EU to Buy More US Oil and Gas Has No Easy Response Read More »
High expense of production forces developers to scrap plans BP and Orsted are among companies to have ditched proposals A raft of projects to produce green hydrogen, a fuel billed as critical to reaching net zero, have been abandoned this year as expectations for tumbling costs failed to materialize. Governments and major energy companies have …
Green Hydrogen Goes From Hyped to Humbled on Eye-Popping Costs Read More »
(Reuters) – It’s been a brutal year to be in the battery metals business. Prices of lithium, nickel and cobalt collapsed in 2023 and have continued grinding steadily lower over the course of 2024. A sector that was once racing to build new supply has been closing mines and deferring projects as low prices bite …
Electric Dreams Turn into a Nightmare for Battery Metals Read More »
Reuters – Northern Oil and Gas (NOG.N), opens new tab has made an acquisition offer for Granite Ridge Resources (GRNT.N), opens new tab, a smaller U.S. producer with operations in basins including the Permian and Eagle Ford, according to people familiar with the matter. Minneapolis, Minnesota-based Northern has submitted at least two offers for Granite …
Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say Read More »
(Reuters) – U.S. data center power demand could nearly triple in the next three years, and consume as much as 12% of the country’s electricity, as the industry undergoes an artificial-intelligence transformation, according to an unpublished Department of Energy-backed report seen by Reuters. The Lawrence Berkeley National Laboratory report, which is expected to be released …
US Data-Center Power Use Could Nearly Triple by 2028, DOE-Backed Report Says Read More »
By Reuters Summary Trump has threatened to claw back unspent IRA money Electric vehicle rebates, gas emissions under fire Wind, solar may be untouched (Reuters) – President-elect Donald Trump has vowed to repeal Joe Biden’s signature climate bill called the Inflation Reduction Act, which initially aimed at some $400 billion in new spending and tax cuts …
Trump Aims at Biden’s Inflation Reduction Act: EVs, Clean Energy and Manufacturing Read More »
JP Morgan on Thursday forecast Brent oil prices to decline to $73 per barrel in 2025, as it sees a shift in the global oil market from a balance in 2024 to a large 1.2 million barrels per day (bpd) surplus in the coming year. “Assuming that OPEC alliance stays put at current production levels …
JP Morgan Forecasts Brent Declining to $73/bbl in 2025 on Excess Supply Read More »
