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California Governor Blames Fossil Fuel Companies for the Climate Crisis at New York’s Climate Week

California Governor Gavin Newsom accused oil giants of “lying,” saying a landmark lawsuit his state filed aims to hold them accountable for reaping excessive profits at the expense of the state’s residents and the environment. “The climate crisis is, after all, a fossil fuel crisis,” Newsom said on Sunday at the opening ceremony of New York City’s …

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EU may become as hooked on China batteries as it was on Russian energy

(Reuters) – The European Union could become as dependent on China for lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless it takes strong measures, a paper prepared for EU leaders said. The document, obtained by Reuters, will be the basis of discussions on …

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Scholz’s Dream of Climate Revolution to Revive Germany Is Dying

Chancellor Olaf Scholz is struggling to pull off his plan to harness the transition to green energy and unleash a decade of economic dynamism in Germany. As his government approaches the half-way mark in its four-year term, the vision of a radical push to eliminate carbon emissions — that would turbo-charging growth too — looks …

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California Sues Oil Giants for Downplaying Risks Posed by Fossil Fuels

Sept 16 (Reuters) – The state of California has sued major oil companies including Exxon Mobil Corp (XOM.N), Shell PLC (SHEL.L), and Chevron Corp (CVX.N), accusing them of playing down the risks posed by fossil fuels, the New York Times reported on Friday. The lawsuit, which also targets BP (BP.L) and ConocoPhillips (COP.N), alleges the energy giants’ actions have caused …

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Oil Gains for Third Straight Week on Tight Supply, China Optimism

Summary Companies Oil prices hit 10-month high, gain 4% on weekly basis Market expected to tighten on Saudi, Russian supply cuts Chinese data adds to expectations of rising oil demand US drillers added two rigs this week, Baker Hughes says BENGALURU, Sept 15 (Reuters) – Oil prices hit a 10-month high on Friday and posted …

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Surplus Equipment from the Oil Sands in Canada

UNUSED Oil & Gas Project and Support Equipment from the Oil Sands and Heavy Oil Operations in Alberta Canada. Over 160+ assets including Pump Skids, Mixing Storage Tanks, Switchgear, Twin Screw Pumps, Amine Regenerator Tower, Valves & More! View All Equipment Here

COMMENTARY: Oil Prices Surge as Stocks Drain Away From Cushing: Kemp

U.S. crude oil prices have surged and the futures strip has moved into a sharp backwardation as inventories have drained away from the NYMEX delivery point at Cushing in Oklahoma. Futures prices for crude delivered in October climbed to $90 per barrel on Sept. 14, up from $68 on June 27, as traders anticipated increasing …

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Last Chance to Register for the 24th World Petroleum Congress Visitor Registration – Calgary, Alberta

Download your complimentary pass to the 24th World Petroleum Congress With just a few days to go until the 24th World Petroleum Congress, Calgary opens its doors to 15,000+ international attendees over 4 event days, there’s still time to register as a visitor. Taking place from 17-21 September in Calgary at the BMO Centre, don’t …

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Biden’s Offshore Wind Target Slipping Out of Reach as Projects Struggle

Sept 15 (Reuters) – President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders. The 2030 target, unveiled shortly after Biden took office, is central to Biden’s broader …

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