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Carbon Capture Is Confusing. Here Are 14 Terms to Help Understand It

Flip to the glossary of any climate report and it will look like a cat ran over a keyboard. That’s particularly true when it comes to talking about carbon capture. The acronyms — DAC, MRV and EOR, to name just a few — are head-spinning. Throw in phrases like “enhanced rock weathering” and “carbon sink” and it’s enough …

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COP28’s Shinny New Toy: Nuclear Sector Must Overcome Decades of Stagnation to Meet COP28 tripling Goal

(Reuters) – The global nuclear industry got a morale boost at the COP28 climate summit in Dubai after more than 20 nations vowed to triple capacity by 2050. But reaching that goal will require the industry to overcome regulatory hurdles, financing obstacles, fuel bottlenecks, and public safety concerns that have contributed to a long history of …

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U.S. Crude Stockpiles Fall, Fuel Builds as Refining Ramps Up – EIA

U.S. crude oil stockpiles fell last week with production falling for the first time since July, while gasoline and distillate inventories rose as refiners ramped up output, the Energy Information Administration said on Wednesday. Crude inventories fell by 4.6 million barrels in the week ending Dec. 1 to 445 million barrels, the EIA said, compared …

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COP28’s Burning “Core Document”: Should Fossil Fuels be Phased Out or Phased Down?

The options in the draft on the future of fossil fuels range from a less-stringent ‘phasedown of unabated coal power’ to a simple but dramatic ‘orderly and just phase out of fossil fuels’ The Associated Press DUBAI, United Arab Emirates — After days of shaving off the edges of key warming issues, climate negotiators Tuesday …

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Blue Hydrogen: Greening the Bottom Line – Enverus

U.S. incentives, 45Q tax credit and project-level economics likely to yield favorable returns CALGARY, Alberta (Dec. 6, 2023) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report that explores blue hydrogen production technologies and incentives available in the U.S. and models the resulting project-level …

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ExxonMobil Corporate Plan more than doubles earnings potential from 2019 to 2027; 18% compound annual earnings growth significantly outpaces peers

On track to deliver ~$14 billion of further earnings and cash flow growth potential over the next four years Expecting capital investments to generate average returns of ~30%, with payback periods less than 10 years for greater than 90% of the capex2 Pursuing more than $20 billion in lower emissions opportunities, up $3 billion Generated $9 …

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Carbon Capture and Storage – What Did We Learn in 2023?

Since the dawn of the Industrial Revolution, carbon dioxide levels in the earth’s atmosphere have increased by 50%. This critical statistic — combined with rising temperatures and fears of a climate crisis — has made limiting greenhouse gas emissions the top priority of world governments and industries across sectors. Over the years, carbon capture and storage …

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Oil Drops as Markets Mull OPEC+ Cuts’ Efficacy, China Demand Concerns

Summary Companies Oil prices tumble on Wednesday, adding to four-day losing streak Russia’s Vladimir Putin flies to UAE, Saudi Arabia on Wednesday Saudi Arabia cuts OSP for Arab Light to Asia in January China trade data scheduled for Thursday after Moody’s downgrade Dec 6 (Reuters) – Oil prices continued to fall on Wednesday, as investors …

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ESG and Utility Dive Survey Reveals Key Data & Technology Trends for Energy Providers

MANCHESTER, United Kingdom — ESG, a leading global energy software provider, and Utility Dive’s studioID, a premier industry research company, recently completed a market survey of 150 energy providers across the U.S. and U.K. This survey revealed insights into how energy retailers and suppliers are using advanced data and technology to make more informed decisions about …

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