Bloomberg The boss of the world’s biggest oil-services company says his industry isn’t moving fast enough to do its part in the fight against global warming. SLB Chief Executive Officer Olivier Le Peuch said he and his peers have a responsibility to find ways to reduce greenhouse gas emissions from drilling, fracking and pumping. Yet progress during …
Oil Industry Criticized From Within Over Climate Efforts Read More »
Summary China 5% growth target lacks concrete stimulus plans Investors on alert for U.S. rate cut signals Some oil supply tightness with OPEC+ cut extension LONDON, March 6 (Reuters) – Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid output cuts by major producers overrode demand concerns …
Oil Up as OPEC+ Cuts Override China, US Demand Concerns Read More »
Reuters (Reuters) – The U.S. solar industry is expected to continue its momentum in 2024 after accounting for over 50% of new electricity capacity additions to the grid last year, according to a report published by Wood Mackenzie and the Solar Energy Industries Association on Wednesday. Companies and residents have aimed to capitalize on U.S. …
US Solar Installations to Benefit from Inflation Reduction Act in 2024, Report Says Read More »
(Reuters) – Pipeline operator Enbridge said on Wednesday it will invest about $500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence. Enbridge operates North America’s biggest oil pipeline network, the Mainline, which moves Canadian crude from Alberta to U.S. and eastern Canadian refineries. The company said it will …
Enbridge to Invest About $500 Million in Pipeline Assets Read More »
‘Stick-based approach with some carrots thrown in’ Bloomberg News Robert Tuttle Cenovus Energy Inc. blasted the Canadian government for not providing enough financial support for the oilsands industry’s proposed $16.5-billion carbon capture system. The federal government has proposed tax credits covering about half of the capital costs for the project, and Alberta has offered a 12 per …
Cenovus Blasts Canadian Government Over Lack of Support for Carbon Capture Read More »
A possible re-imposition of U.S. oil sanctions on Venezuela next month would stagnate the OPEC-member country’s crude output, wiping out the small gains it has achieved in recent years, analysts said on Tuesday. Washington has said it will allow to expire a temporary license it granted last year to Venezuela as part of negotiations for …
Return of U.S. Oil Sanctions Would Clip Venezuela’s Output Gains Read More »
Where George R. Brown Convention Center | Hall D | Houston, Texas When April 1-4, 2024 REGISTER HERE About For over 96 years, the ENTELEC Association has connected professionals from the ENERGY sector who focus on finding solutions and efficiencies for their operations. From its rich history in ICS telecom, ENTELEC has evolved to bridge …
Summary China vows to cut energy intensity 2.5% in 2024 2023 intensity only fell by 0.5%, less than 2% target 2024 target won’t meet five-year plan goals, analysts say BEIJING, March 5 (Reuters) – China on Tuesday set more stringent energy intensity targets for 2024 after missing last year’s goal, as the world’s biggest energy …
China Sets Tougher Energy Efficiency Goal After Falling Behind on 2025 Targets Read More »
(Reuters) – The Biden administration’s decision to exclude the existing U.S. fleet of natural gas power plants from upcoming carbon emissions regulations raises questions over the nation’s ability to meet its climate goals, according to researchers. Cleaning up the U.S. power industry, source of about a quarter of the nation’s greenhouse gas emissions, has been …
Biden’s Scaled-Back Power Rule Raises Doubts Over U.S. Climate Target Read More »
The United States may sell its 1 million barrel Northeast gasoline reserve in fiscal year 2024, according to the draft text of a funding bill released on Sunday. The reserve, first established in 2014 after Superstorm Sandy left motorists in the northeastern United States without fuel, is located in New York Harbor, New York, Boston, …
U.S. Considers Selling Northeast Gasoline Reserve in 2024 in Draft Bill Read More »
