Big Oil just isn’t as big as it once was
A dozen years ago, ExxonMobil was the bluest of blue-chip companies. Raking in record-breaking profit, it spent every quarter of 2008 as the world’s most valuable publicly traded company. Not Continue Reading
Investment Giants Urge Texas to End Most Natural Gas Flaring
Investors managing more than $2 trillion are calling on Texas regulators to ban the routine burning of natural gas from shale fields, arguing that the energy industry hasn’t moved quickly Continue Reading
Utilities Look to Green Hydrogen to Cut Carbon Emissions
U.S. utilities are increasingly exploring the use of what is called green hydrogen made from wind and solar energy to reduce emissions from power plants and pipelines. The early investments by Continue Reading
TC Energy reaffirms Keystone XL commitment after permit pulled
The nascent recovery in industrial gas demand is stumbling in the wake of Hurricane Laura amid a recent slowdown in operations at refineries and chemicals facilities across the US South Continue Reading
Assessment of US CAFE fuel economy standards finds big savings on fuel and emissions since inception
In one of the first comprehensive assessments of the fuel economy standards in the United States, researchers from Princeton University and the University of Tennessee found that, over their 40-year Continue Reading
Thermal Energy Partners and Schlumberger New Energy to new geothermal project development company
Thermal Energy Partners (TEP), a developer of geothermal energy projects, and Schlumberger New Energy, a new Schlumberger business, entered into an agreement to create GeoFrame Energy, a geothermal project development Continue Reading
Oil Prices; Covid: Russia Sees Economy, Oil Recovering on Vaccine –
Russia sees oil prices averaging $50 to $55 a barrel in 2021 as the development of Covid-19 vaccines spurs an economic recovery, said Energy Minster Alexander Novak. That would be an Continue Reading
EU Approves Biggest Green Stimulus in History With $572 Billion Plan – Bloomberg
European governments approved the most ambitious climate change plan to date, agreeing to pour more than 500 billion euros ($572 billion) into everything from electric cars to renewable energy and Continue Reading
Too Much Green Hydrogen in Europe Could Add Cost for Decades
Producing hydrogen from renewable power only could drive up its price over the coming decades as the gas becomes the low-carbon fuel of choice for the European Union. As the Continue Reading
Oil Prices for Sep. 04, 2020: Brent Crude, WTI
Oil erased earlier losses as the dollar’s decline makes commodities more attractive, but crude was still headed for a weekly drop over demand concerns. Futures in New York rose 0.8% while Continue Reading