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Global Static and Rotating Equipment Market for Oil and Gas Set to Reach USD 35.6 Billion by 2031 | TMR Study
1734624590 from OIL&GAS
… 47;www.transparencymarketresearch.com/oil-gas-static-rotating-equipment-market.html … vast reserves of natural gas and crude oil continue to drive demand … for oil and gas companies. Market Uncertainty: Geopolitical tensions, fluctuations in oil prices, …
Biden Pledges 61% Emissions Cut by 2035 Ahead of Trump Presidency
1734624000 from OILPRICE
A month ahead of President-elect Donald Trump’s return to the White House, the Biden Administration on Thursday set a bold new target of reducing net greenhouse emissions by between 61% and 66% below 2005 levels by 2035. The so-called U.S. Nationally Determined Contribution (NDC) is a pledge under the Paris Agreement, from which Trump could withdraw, again, as he did in his first term in office. Trump is expected to undo a lot of the climate policies of President Biden, and the Paris Agreement and many current policies to cut emissions are…
Brompton Energy Split Corp. Establishes At-The-Market Equity Program
1734623700 from FPOST
Not for distribution to U.S. newswire services or for dissemination in the United States. TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) — (TSX: ESP, ESP.PR.A) Brompton Energy Split Corp. (the “Fund”) is pleased to announce it has established an at-the-market equity program (“ATM Program”) so that the Fund can issue class A and preferred shares (the […]
Why is energy giant Iran facing gas shortages?
1734622904 from OIL&GAS
… the biggest reserves of natural gas and crude oil in the world, holding … the second-largest proven gas reserves and … energy mix — balancing coal, natural gas, oil and renewables — Iran relies overwhelmingly …
Chevron and Woodside Reshuffle Australia LNG Portfolios With Asset Swap
1734622680 from OILPRICE
U.S. supermajor Chevron and Australia’s energy group Woodside have agreed to an asset swap deal that will allow them to focus on their operated LNG assets in Australia. Under the agreement the companies announced on Thursday, Chevron Australia Pty Ltd will transfer to Woodside its 16.67% non-operated interest in the North West Shelf (NWS) Project, NWS Oil Project, and its 20% non-operated interest in the Angel Carbon Capture and Storage (CCS) Project. At the same time, Chevron Australia will obtain Woodside’s 13% non-operated interest…
BP, Iraq Advance Redevelopment of Kirkuk Oil and Gas Fields
1734621774 from OIL&GAS
… to redevelop the prolific Kirkuk oil and gas fields, the company said … 2025, BP said. The British oil giant has a long history … crude reserves. The company was part of the consortium that discovered oil …
BlackRock Writes Down Flagship Renewable Fund, Overhauls Leaders
1734621303 from BLOOMBERG
BlackRock Inc. said it’s writing down the value of one of its flagship renewable funds after two key investments for the vehicle collapsed, and it’s enlisting executives from its recently acquired Global Infrastructure Partners business to help turn around performance.
Two oil & gas firms strike trade-off deal ahead of drilling ops
1734620756 from OIL&GAS
Norwegian oil and gas players, OKEA and DNO, have … 19-57 million barrels of oil equivalent with a medium chance … Abate (Power+) notation for greenhouse gas abatement. The semi-sub won … . Equinor also made an oil and gas discovery with the same rig …
Cold Snap Exposes Iran's Energy Infrastructure Woes
1734620400 from OILPRICE
Despite sitting atop the world's second-largest natural gas reserves, energy shortages have become a feature of winters in Iran. Iran grapples with air pollution all year, but air quality significantly worsens during winter when power plants are forced to burn low-quality heavy fuel oil -- mazut -- to compensate for the lack of gas. A rare cold snap in recent weeks has exposed the extent of Iran's struggles to meet the rising demand for gas, with school classes forced to go online and government offices ordered shut to conserve energy. Highlighting…
Tariff threats cast a shadow over US reliance on Canada for the majority of its oil imports
1734619922 from OIL&GAS
… . increasingly relies on Canadian crude oil to meet domestic demand and … U.S. imports like crude oil or softwood lumber risk exacerbating … . Oil prices have been mostly stable throughout 2024 and the OPEC cartel … likely be at the gas pump and higher gasoline …
Pakistan PV manufacturing future may lie in smaller modules for agriculture and off-grid sectors
1734619674 from AG NEWS
… . These panels are ideal for agricultural and rural applications, where demand … -economic realities. Rural electrification and agricultural applications represent a significant market …
ExxonMobil celebrates five years of oil production in Guyana
1734619635 from OIL&GAS
… crude. (File picture) ExxonMobil Guyana is Thursday marking five years of oil … growing energy sector. Since “first oil” at the offshore Liza Phase … per-capita oil producer in the world. The oil-and-gas sector has …
China Connects One of World’s Biggest Solar Projects to the Grid
1734619080 from OILPRICE
China has connected one of the world’s largest solar power projects by capacity to the grid as the country continues to boost renewable energy installations. The Ruoqiang PV project is a giant 4-gigawatt (GW) solar project in the southeastern part of the Taklamakan Desert, developed and operated by China Green Electricity Investment. The project was connected to the grid this week, Chinese media report. The capacity of Ruoqiang PV is so massive that it is equal to the entire installed solar capacity in Canada, according to data from BloombergNEF…
Surge in tunneling patents highlights technological innovations in mining
1734618904 from MINING
… and anchoring machines are transforming mining operations by enabling deeper excavations … ground conditions. Zhengzhou Coal Mining Machinery Group filed a patent … and operational efficiency in challenging mining conditions. Sichuan Huayingshan Guangneng Group …
NEO Battery Materials and Specialty Automotive Battery Cell Manufacturer Sign Joint Development Agreement for Silicon-Enhanced Battery Technology
1734618826 from FPOST
Joint Development Agreement with North American Battery Cell Manufacturer for Specialty Electric Automotive & Mobility Collaboration to Enhance Silicon Anode Materials with Partner’s Proprietary Cell Architecture Systematic Progression of Evaluation within Various Battery Cell Sizes and Formats JDA Underscore Company’s Strategy to Pursue Innovation and Commercialization through Strategic Partnerships Follows First JDA Established with Fortune […]
Mullen Submits Updated Plan to DOE for Grant Funding Opportunity in US Battery Materials Processing, Requesting $55M in Funding
1734618522 from FPOST
On Dec. 17, 2024, Mullen Automotive submitted a modified plan to the DOE that incorporates its facilities in Mishawaka, Indiana, and Fullerton, California, for U.S.-based battery and pack production. Mullen is in position to transition to manufacturing and assembly of high-voltage and low-voltage battery systems in the United States. Mullen has made substantial investments and […]
Good news for holiday travelers; gas prices remain low in Kansas and Missouri
1734617792 from OIL&GAS
… dollars. In Missouri the average gas price is currently at $ … know, survive with all these gas prices. Prices everywhere, it… , slower global demand and lower crude oil prices. “Well, that's … spent almost $8,000 on gas," said Andrew Montaldi. …
Oil slips on demand concerns after Fed signals slower rate cuts
1734617506 from OIL&GAS
… strengthen the dollar. Brent crude futures declined by 34 cents … .S. West Texas Intermediate crude lost 16 cents to $70 … reducing demand for oil. Oil prices up after US crude stocks fall “The … in our opinion. Even if OPEC+ continues to withhold production, …
Biden sets 60 percent greenhouse gas reduction target
1734616918 from HILL
The Biden administration on Thursday upped America’s commitment to reducing planet-warming emissions under the Paris Climate Agreement weeks before President-elect Trump is set to take office. The White House announced a new nationally determined contribution (NDC) of reducing U.S. emissions 61 percent to 66 percent from 2005 levels by 2035, after previously pledging to reduce...
EU and Zelensky Discuss Ukraine Natural Gas Transit
1734615600 from OILPRICE
European Union leaders are discussing with Ukrainian President Volodymyr Zelensky the transit of Russian natural gas to the EU via Ukraine as the end of the current transit deal expires on December 31. The EU leaders and Zelensky are meeting in Brussels to negotiate alternatives to Russian gas deliveries. The gas transit deal for Russian flows to Europe via Ukraine expires on December 31, 2024. Ukraine has said multiple times that it would not pursue talks about renewing the agreement with Russia. The EU officials and the Ukrainian president are…
Ireland embraced the AI boom. Now its data centers are consuming too much of its energy
1734615334 from FPOST
CLONDALKIN, Ireland (AP) — Dozens of massive data centers humming at the outskirts of Dublin are consuming more electricity than all of the urban homes in Ireland and starting to wear out the warm welcome that brought them here. Now, a country that made itself a computing factory for Amazon, Google, Meta, Microsoft and TikTok […]
Australia approves four new coal mines despite warning of climate ‘death sentence’
1734614351 from MINING
… operations. Analysts said these mines could release over 850m tonnes … continued expansion of coal mines comes even as Australia pushes … senator said. “Approving coal mining in koala habitat is abhorrent … to approve more coal mines faster than any other.” …
SWA Lithium Advances and Derisks DLE Technology with Field-Testing at South West Arkansas Lithium Project
1734614274 from FPOST
SWA Lithium and Koch Technology Solutions Teams Collaborate to Design, Build, and Operate a Field-Pilot DLE Facility to Confirm Engineering Design for SWA Project Samples of Battery-Quality Lithium Carbonate Produced from the Field-Based Pilot Will be Used in the Qualification Process with Potential Off-Take Partners EL DORADO, Ark., Dec. 19, 2024 (GLOBE NEWSWIRE) — SWA […]
Biden administration grants California waiver to ban gas car sales in 2035
1734614087 from OIL&GAS
… , in a bid to ban gas car sales by 2035. In … granted a petition from the oil industry seeking to revive a … prefer to side with the oil industry over consumers and American …
Global Pyrolysis Oil Market Poised for 4% Growth by 2031, Driven by Demand for Sustainable Energy Solutions | TMR Study
1734614007 from OIL&GAS
… reduce reliance on imported crude oil and improve energy security. … to reduce reliance on crude oil imports. The region also … commitment to reducing greenhouse gas emissions and promoting renewable … .com/pyrolysis-oil-market.html Market Trends …
Crude Oil finds floor with prospects of pickup in demand from the US in 2025
1734613899 from FXStreet
Crude Oil prices gets to keep its intraday gains on Thursday ahead of the US opening bell, with the reference for the US Oil West Texas Intermediate (WTI) heading back to $70.00 on the back of some support provided by a Bloomberg Intelligence article.
How a US public university courted the gas industry despite climate concerns
1734613635 from OIL&GAS
… relationship with the liquefied natural gas (LNG) industry, despite … been a boom of oil and gas projects in Louisiana in … acquired by Australia-based oil and gas producer Woodside for $900m … positions towards the natural gas industry. French said he …
Revealed: how a US public university courted the gas industry despite climate impacts
1734613210 from GUARDIAN
McNeese State University in Louisiana building a liquefied natural gas center, prompting fears of ‘corporate capture’ One of Louisiana’s top public universities has prompted concerns about “corporate capture” over its expanding relationship with the liquefied natural gas (LNG) industry, despite environmental warnings about pollution and prolonging fossil fuel use. As the US’s LNG boom gained momentum in south-west Louisiana, McNeese State University courted the industry to help launch a new LNG Center of Excellence currently under construction, hired a director doubling as an LNG industry lobbyist, and approached federal regulators to co-locate their own research center at the university, according to emails obtained via public records requests by DeSmog and the Guardian. Continue reading...
Top oil and gas sector deals in 2024
1734612278 from OIL&GAS
… 816,000 barrels of oil and gas daily and will have … 5bn In April, US oil and gas company APA completed its … Enerplus In June, US oil and gas company Chord Energy finalised … infrastructure services for natural gas, crude oil and natural gas liquids, as well …
BP and Iraq Agree Technical Terms for Redeveloping Kirkuk Oil Fields
1734612157 from OILPRICE
BP and the federal government of Iraq have agreed on the key technical terms in the plan to redevelop the oil and gas fields in Kirkuk which still hold billions of barrels of recoverable oil remaining in place. BP and the Iraqi government signed a preliminary deal on the technical terms, which is a step forward to a fully termed contract, Bloomberg quoted BP Executive Vice President William Lin as saying in a statement on Thursday. The UK-based supermajor and Iraq expect to complete negotiations by early next year, according to BP. “We are…
Protecting the World's Biggest Uninsured Economy From Climate Change
1734611666 from BLOOMBERG
Today’s newsletter looks at how China is trying to protect the world’s biggest uninsured economy from more extreme weather. Click here to read and share the full story on Bloomberg.com. For unlimited climate and ESG coverage, please subscribe.
Miners Urged to Prioritize Safety and Environmental Protection During Rainy Season
1734611272 from MINING
… season, Minister of Mines and Mining Development Hon. Winston … It is essential that miners conduct thorough risk assessments … environmental impacts. All mining operations must revisit their … stressed. He also urged miners to adapt their operations …
Indonesia will increase crude palm oil export tax to 10%
1734611248 from OIL&GAS
… for collecting and managing palm oil funds) estimated in November … more per metric ton than crude oil. Indonesia imposes an export tax … is applied for refined palm oil. Airlangga didn't … exports. "Our palm oil is more expensive than Malaysian …