Credit: https://img.freepik.com/free-photo/environmental-pollution-factory-exterior_23-2149057713.jpg As efforts to counter climate change ramp up and countries adopt more measures to achieve carbon neutrality by 2050, one industry has a tremendous amount of responsibility on its shoulders: the oil and gas sector. This sector contributes 9% of all man-made greenhouse gas emissions, while the fuel produced as a result contributes …
HOUSTON, (Reuters) – BP, Edison and Shell pressed a U.S.-EU energy group to intervene in a dispute with liquefied natural gas exporter Venture Global LNG over the U.S. firm’s failure to deliver contract supplies of the fuel. The companies appealed to the U.S.-EU Task Force on Energy Security last month, and a Shell executive urged …
BP, Edison, Shell Ask US, EU to Intervene in Venture Global LNG Dispute Read More »
Mountain Valley Pipeline LLC sued Daniel Guidry and Ashley Stecher Wagner on Wednesday in federal court in Roanoke, Virginia, claiming they coordinated with others to illegally attach themselves to the land and construction equipment being used to build a segment of the pipeline in the Jefferson National Forest last month. The lawsuit said law enforcement …
Mountain Valley Pipeline Sues Protesters for Obstructing Construction Read More »
NEW YORK, Nov 10 (Reuters) – Oil prices gained about 2% on Friday as Iraq voiced support for OPEC+’s oil cuts ahead of a meeting in two weeks and as some speculators covered massive short positions ahead of weekend uncertainty. Still, prices settled with weekly losses of 4%, their third straight weekly decline. “This was …
Oil Prices Settle up on Friday as Iraq Backs More Output Cuts from OPEC+ Read More »
(Bloomberg) As oil prices languish near a three-month low, forecasters are already predicting that Saudi Arabia won’t sit idle. The OPEC+ leader is likely to extend its 1 million barrel-a-day supply cut — introduced over the summer — into next year, according to analysts at UBS Group AG, FGE, Commerzbank AG and Eurasia Group. RBC Capital …
Oil Forecasters See Saudi Arabia Extending Supply Cut Into 2024 Read More »
By Eduardo Garcia Image: REUTERS/Adrees Latif The 2022 Inflation Reduction Act has accelerated the development of energy storage as renewable energy developers and utilities seek to widen their revenue streams. The legislation includes investment tax credits (ITCs) for standalone energy storage for the first time and offers a choice of ITCs or production tax credits …
US Battery Station Boom Leaves Hybrid Wind Projects Far Behind Read More »
Oilfield service companies that cater to U.S. shale oil and gas producers are turning sour on fourth quarter demand, with clients keeping a tight grip on their wallets after largely exhausting their 2023 budgets. Many U.S. oil producers are pumping only enough oil to keep production flat and turning over more profit to investors. Shale …
U.S. Oilfield Firms Offer Dour Views as Shale Budgets Dwindle Read More »
(Reuters) – Oil prices rose on Friday but are set to fall for a third week amid signs of slowing demand and as market attention turns to a key meeting of OPEC and its allies this month which will determine the group’s next move on production. Brent crude futures for January were up 84 cents, …
Oil Set for Third Weekly Decline as Demand Worries Weigh Read More »
By Marcus Lu | Article/Editing: Bruno Venditti Courtesy of Visual Capitalist – See More From Visual Capitalist HERE Visualizing All The World’s Carbon Emissions By Country The greenhouse effect, essential for sustaining Earth’s life-friendly temperatures, has been intensified by burning fossil fuels. This amplification of the natural greenhouse effect has led to significant alterations to the …
INFOGRAPHIC: Visualizing All the World’s Carbon Emissions by Country – Visual Capitalist Read More »
NuScale Power Corp., the first company with US approval for a small nuclear reactor design, is canceling plans to build a power plant for a Utah provider as costs surge. The move is a major setback to the burgeoning technology that has been heralded as the next era for atomic energy. The company and Utah …
First U.S. Small Nuke Project Canceled After Costs Surge 53% Read More »
