Since the Inflation Reduction Act was signed into law one year ago this week, there’s been $59 billion in new EV investments announced in the US, according to BloombergNEF. It’s hard to parse how much of that might have happened anyway — automakers were pouring money into new EV plants before the law passed — but it is clear …
The Four Biggest Hurdles in America’s EV Transition Read More »
By Geoffrey Cann For all the talk about energy transition, many aspects about transition remain unexplained. Here are four that puzzle me about how transition will work. Energy Transition I’m in the midst of a home renovation. The renovation should allow the house last another 20-30 years with minimal upkeep, and may well be our …
Four Unexplained Things About Energy Transition – Geoffrey Cann Read More »
Join the ultimate gathering of oil, gas and energy leaders to discover paths to net zero With just 5 weeks to go until the 24th World Petroleum Congress 2023 taking place in Calgary from 17-21 September, join 15,000 visitors to discover technologies, products, and services focused on net-zero solutions. Get ready for groundbreaking insights, game-changing …
U.S. natural gas futures rose on Monday as hotter-than-normal weather kept cooling demand high, with consumption set to rise further into next week. Supply was also seen dropping to 108.6 billion cubic feet per day (bcfd) from 109.2 bcfd in the previous week. Front-month gas futures for September delivery on the New York Mercantile Exchange …
Bankers, money managers and other financial market participants are starting to loathe the label “ESG” — but they’re also sticking with the strategy, according to a Bloomberg survey. About two-thirds of respondents in a survey of roughly 300 Bloomberg terminal users said the anti-ESG movement that started in the US last year will force firms to stop …
Bankers Hate Saying ‘ESG’ But Are Hardwiring It Into Their Work Read More »
Suspending a Well Well Suspension Tools Ltd.’s line of tools means well suspension can now be performed with less cost due to increased efficiency and improved safety. Wells can be suspended then re-activated when operational or economic conditions dictate. Improperly shut-in wells can leak contaminants – crude oil, methane and/or formation water. Eliminate leaks permanently …
The Biden administration awarded $1.2 billion in support of companies looking to pull carbon from the ambient air on Friday. It did so endorsing a specific strategy: that grouping like-minded companies and researchers in hubs is the most effective way to scale the nascent technology. Projects proposed by a subsidiary of Occidental Petroleum Corp. for Kleberg County, Texas, and …
How Biden’s Regional Carbon Cleanup Hubs Could Spur Innovation Read More »
(Reuters) – California’s Independent System Operator (ISO) warned of high temperatures and increased electricity usage during the coming week as the grid operator prepares for tight conditions works to ensure adequate supply. In a notice released on Saturday, ISO said it is closely monitoring the power grid as widespread heat waves can cause supply shortages, …
California grid warns heat wave will stoke power demand Read More »
Aug 11 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by five to 654 …
U.S. Drillers Cut Oil and Gas Rigs for Fifth Week in a Row – Baker Hughes Read More »
A substantial majority of PDC Energy Inc.’s bondholders say they won’t tender their bonds following the company’s acquisition by Chevron Corp. because the compensation for the swap is too low, according to people with knowledge of the matter. The noteholders organized earlier this week with help of the Credit Roundtable, an investor advocacy group. Barclays …
PDC Bondholders Push Back on Chevron Debt Swap Offer After Tie-Up Read More »
