Report: Fossil Fuels Still Motor on as Transition Trudges Along
Despite pledges and investment, the energy transition remains sluggish as fossil fuels continue to rule, energy outlook report says.
Leading Investor Group Toughens Stance on New Upstream Oil and Gas Projects
The Net Zero Asset Owner Alliance's new requirements reflect a scientific consensus that plans to transition the global economy away from fossil fuels must accelerate.
Diamondback Joins Oil and Gas Methane Partnership 2.0
Diamondback Energy is the latest in a long list of companies who have joined the Oil and Gas Methane Partnership 2.0 to commit to transparent methane emissions reporting in the oil and gas sector.
EU Countries Approve CO2-cutting Targets and Expanding Forest Carbon Sinks
European member states gave final approval for tougher national targets to cut emissions in some sectors and expand CO2-absorbing ecosystems.
CCS Project Paves Way to Gulf Coast Carbon Leadership, LSU Study Says
An LSU energy studies report cited Gulf Coast Sequestration’s planned CCS facility as a way for the region to build its carbon market.
Rig Providers Focus on Advancements to Keep Up with E&P’s Needs
With the offshore drilling market on a positive upswing, rig companies are trying to meet demand while adding the latest bells and whistles to their fleets.
IRA Tax Credits Will Drive Higher LNG Exports, EIA Says
In its annual outlook, the EIA forecast a scenario in which prevalent use of Inflation Reduction Act (IRA) tax credits will bolster LNG exports.
GE’s Direct Air Capture Project Moves to Large-Scale Testing Phase
Project to capture CO2 from the air is ready for large-scale testing, GE says.
Japanese Utilities Want G7 to Allow Countries to Set Their Own Paths to Energy Transition
The energy crisis caused by Russia's invasion of Ukraine has shown the world that each country must adapt its energy transition strategy according to its own needs.
EU Plans Subsidies for Hydrogen Made Using Renewable Energy
The European Union's hydrogen subsidy scheme would make clean versions of the fuel more competitive with fossil fuel-based hydrogen.