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ExxonMobil, Shell to Work with Singapore on Carbon Capture and Storage Project

Carbon Capture, Energy Topics & Technology, Latest, US News / By

March 1 (Reuters) – Global energy majors Exxon Mobil and Shell will work with Singapore to develop a cross-border carbon capture and storage (CCS) project, both companies said on Friday. The Singapore-based units of the two companies, ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd., have formed the S-Hub consortium to work with the Singapore …

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OPEC Oil Output Rises by 90,000 Bpd in February, Survey Finds

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

OPEC oil output rises by 90,000 bpd in February, survey finds (Reuters) – The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in February and January, according to a Reuters survey published on Thursday. OPEC and allies, together known as OPEC+, announced …

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Apple’s Electric-Vehicle Wind Down Offers Reprieve to Tesla, Detroit Rivals

Electric Vehicles, Energy Topics & Technology, EnergyNow News and Press Releases, Latest, US News / By

Automakers now have one fewer competitor to worry about in a crowded and uncertain arena Bloomberg News The sudden demise of Apple Inc.’s electric-vehicle program is a bleak sign for the car market. It’s also a welcome boon for automakers themselves. Apple Pulls Plug on Electric Car Plans Apple Inc. is canceling a decade-long effort to build an …

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How One Methane Scientist Influenced Biden’s Pause on LNG Approvals

Conventional Energy, Energy Topics & Technology, Latest, LNG, Methane, Natural Gas, US News / By

Cornell University professor Robert Warren Howarth says methane emissions from American LNG supply chains make the fuel as bad or worse for the climate than coal. Bloomberg When the Biden administration paused approval of new liquefied natural gas export licenses in January, the decision was driven by a recognition that the climate impact from the fossil fuel …

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Buffett Puts $1 Trillion Grid Problem in a Bad Light

Electricity Grid, Energy Topics & Technology, Latest, Tri-Pinned, US News / By

Reuters Breakingviews) – The Oracle of Omaha’s crystal ball failed him. Warren Buffett conceded in his latest annual letter to Berkshire Hathaway  shareholders released over the weekend that he made a “costly mistake” about electricity. The error was thinking that investing huge sums to supply it to American homes and businesses would generate a steady …

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What is in the U.S. SEC’s Proposed Rule on Climate Reporting?

Emission Reduction, Energy Topics & Technology, Latest, US News / By

Wall Street’s top regulator is expected to vote soon to adopt far-reaching changes to the way thousands of U.S.-listed companies tell investors how climate change will affect their bottom line, a landmark rule for the U.S. Securities and Exchange Commission. The agency says such information is important for investors deciding whether to put their money …

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Climate Investors Warn the Right Is Winning the War on ESG

Energy Topics & Technology, ESG, Latest, US News / By

US fund giants JPMorgan Asset Management, State Street Global Advisors and Pacific Investment Management Co. withdrew from CA100+ this month. US Representative Jim Jordan has been one of the key forces behind the Republican Party’s war on environmental, social and governance policies. When global warming is politicized, professional investors are unable to do their jobs properly. …

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Exxon’s Curveball Move in Guyana Alters Chevron-Hess Deal Prospects

Energy Topics & Technology, Latest, Mergers and Acquisitions, Tri-Pinned, US News / By

(Reuters) – Exxon Mobil’s surprise challenge to Chevron’s acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country. Exxon (XOM.N) said on Monday it may exercise pre-emptive rights that could …

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Oil and Gas Upstream M&A Deal Value Hits Highest Q1 Levels Since 2017

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil, US News / By

An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as …

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Oil and Gas Upstream M&A Deal Value Hits Highest Q1 Levels Since 2017

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as …

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