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Courtesy of The New Yorker Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Earlier this month, 45 nations met in Versailles for an International Energy Agency (IEA) conference which set energy efficiency targets to drive down emissions. But like our New Years resolutions and for the much of the same reasons, these targets …

Jevons Paradox: The Problem With Chasing Efficiency – ENERGYminute Read More »

Achieving net-zero emissions is a critical goal in the fight against climate change. It refers to the balance between the amount of greenhouse gases (GHG) emitted into the atmosphere and the amount removed. To reach net-zero, a comprehensive set of energy transition actions is required: Across most sectors of the economy. By almost all nations …

COMMENTARY: What Actions Will Achieve Net-Zero GHG Emissions? – Yogi Schulz – Part 1 of 3 Read More »

By Gavin Maguire LITTLETON, Colorado, June 20 (Reuters) – The Texas power grid operator urged homes and businesses to conserve electricity on Tuesday as the first major heat wave of the season spurs residents to crank power-hungry air conditioners. Power prices for Tuesday topped $2,500 per megawatt hour (MWh) in the state’s day-ahead market on …

Column: Reduced Wind Generation Puts Texas Power System to the Test Read More »

(Reuters) – Oil prices stabilised on Wednesday ahead of Federal Reserve Chair Jerome Powell’s congressional testimony later in the day and as data showing British inflation remained sticky raised the possibility of a hawkish Bank of England policy decision this week. Brent futures were flat at $75.90 a barrel by 0929 GMT and U.S. West …

Oil Holds Steady Ahead of Powell’s Congressional Testimony Read More »

In December 2022, the U.S. Department of Energy committed to spending $3.7 billion USD on carbon capture projects to remove carbon from the atmosphere. Since then the U.S. government has also committed $14 billion in federal investments in energy communities. The Canadian government has also announced a refundable investment tax credit of $2.6 billion over …

Carbon Capture and Storage – the answer to climate change? Read More »

U.S. natural gas futures held near a three-month high on Tuesday on a drop in output and forecasts that hot weather over the next two weeks will force generators to burn lots of gas to produce power for air conditioning, especially in Texas. Prices held steady despite forecasts for less demand over the next two …

US Natgas Futures Hold Near 3-Month High on Hot Forecasts Read More »

This Old House has to do some renovating first By Geoffrey Cann With Apple’s new Vision Pro hitting the news, and changing the perception of computing to include a spatial dimension, it’s worth reflecting on where and how this clever new technology could be used in oil and gas. In Case You Missed It I …

Spatial Computing Should Find A Welcoming Home in Oil and Gas – Geoffrey Cann Read More »

HOUSTON, June 20 (Reuters) – U.S. sweet and sour oil differentials narrowed significantly this month, pricing data showed, as demand for higher sulfur crudes climbed from refineries and exporters while supplies tightened. The spread between Light Louisiana Sweet and Mars sour crude, both priced in Louisiana, narrowed to $1.70 a barrel last week from about …

U.S. Sweet, Sour Oil Price Spread Narrows on Strong Sour Demand Read More »

June 19 (Reuters) – Civitas Resources Inc (CIVI.N) is nearing a deal to acquire oil and gas operations in the Permian basin from private equity firm NGP Energy Capital Management LLC for close to $5 billion, including debt, people familiar with the matter said on Monday. The deal would transform Civitas, currently valued at $5.6 billion, expanding …

Civitas Resources Nears $5 Bln Deal to Expand into Permian Read More »

Woodside Energy Group Ltd. gave the go-ahead for a $7.2 billion oil field off Mexico, the Australian producer’s first major fossil fuel investment since acquiring BHP Group Ltd.’s petroleum business last year. The Trion oil field, a joint venture with state-owned oil company Petroleos Mexicanos, will be Mexico’s first offshore deepwater oil project, according to …

Woodside Greenlights $7.2 Billion Mexico Deepwater Oil Project Read More »