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Month: April 2021

Category:
  • LNG
  • South Korea

S Korea’s LNG demand forecast to rise 15% through 2034: ministry

South Korea’s energy ministry said April 27 that the country’s LNG demand is expected to rise 15.1% through 2034 on the back of higher LNG demand for bunkering and hydrogen Continue Reading

Posted On : 27 Apr 2021 Published By : Tom Whipple
Category:
  • Exxon

Exxon faces ‘existential’ risk over fossil fuel focus, activist investor warns

ExxonMobil faces an “existential business risk” by pinning its future on fossil fuels as governments move to slash emissions, an activist hedge fund will tell investors in the final push Continue Reading

Posted On : 27 Apr 2021 Published By : Tom Whipple
Category:
  • California
  • Climate

EPA moves to restore California waiver for setting tailpipe emission limits

The Environmental Protection Agency announced Monday that it will move to grant California permission to set more stringent climate requirements for cars and SUVs, a reversal of a key Trump Continue Reading

Posted On : 27 Apr 2021 Published By : Tom Whipple
Category:
  • Pipelines

Canada Fights To Save Line 5 From Shutdown

Canada has repeatedly been raising with top U.S. officials, including President Joe Biden, the issue with Enbridge’s Line 5 which Michigan wants shut down, and considers intervening in the legal Continue Reading

Posted On : 27 Apr 2021 Published By : Tom Whipple
Category:
  • Electric Cars

Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent Continue Reading

Posted On : 27 Apr 2021 Published By : Tom Whipple
Category:
  • Refining
  • USA

$7B Gasoline Manufacturing Facility Planned for Texas

The Odessa Development Corporation and Nacero Inc have announced plans to build a $6.5 billion to $7 billion lower carbon gasoline manufacturing facility at a site in Penwell, Texas. The Continue Reading

Posted On : 27 Apr 2021 Published By : Tom Whipple
Category:
  • Russia

Russia Ditches the Dollar in More Than Half of Its Exports

Vladimir Putin’s multi-year push to reduce Russia’s exposure to the dollar hit a major milestone as the share of exports sold in the U.S. currency fell below 50% for the first Continue Reading

Posted On : 27 Apr 2021 Published By : Tom Whipple
Category:
  • Europe
  • Refining

Many European Refiners May Not Survive COVID

The coronavirus pandemic has shortened Europe’s energy transition. What was initially perceived as a gradual movement towards fewer emissions and greener generation has now become an unprecedently ambitious endeavour – Continue Reading

Posted On : 27 Apr 2021 Published By : Tom Whipple
Category:
  • Europe
  • Natural Gas Supply

EU Admits It Can’t Go Net-Zero Without Natural Gas

Last week saw some much-needed good news for natural gas. The European Union signaled that it would include natural gas in its energy plans for the future, emissions and all. Continue Reading

Posted On : 27 Apr 2021 Published By : Tom Whipple
Category:
  • BP

BP forecasts further drop in oil, gas output this year as asset sales bite

Highlights Q1 upstream output falls 14% on year despite OPEC+ easing Gas project ramp-up to help ease asset decline Sees market recovery, return to normal stock levels by year-end London Continue Reading

Posted On : 27 Apr 2021 Published By : Tom Whipple

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