BP, Pulling Back from Renewables, Enters $5.8B JV with JERA
The 50-50 joint venture with JERA takes shape as BP pulls back from renewables to focus on higher returns and cash flow generation.
Japan’s Toyo to Buy Houston Area Solar Module Production Facility
Toyo says it plans to start production of 1 GW of annual module capacity by mid-2025 and reach 2.5 GW by the end of 2025.
Energy Transition in Motion (Week of Nov. 22, 2024)
Here is a look at some of this week’s renewable energy news, including the ranking of top corporate solar users in the U.S.
Baker Hughes CEO: Transition Without Oil, Gas is a ‘Dream World’
The CEOs of Baker Hughes, SLB and Japan’s Inpex see an energy expansion that includes oil and gas—with lower emissions—as the most pragmatic way to tackle climate change.
Rystad: 12 MMbbl/d at Risk in Full-blown Middle East War
A full-blown war in the Middle East could end up with 12 MMbbl/d of oil at risk—leading to high prices and widespread global consequences, according to Rystad Energy.
RBAC: Environmental Pressures Undercutting the Global Gas Network
RBAC founder and energy economist Robert Brooks worries that environmental goals and pressures have taken a front seat at the expense of affordable energy access to countries such as Africa.
Exclusive Q&A: LNG Canada to Open Country Up to Asian, Global Markets
The start-up of LNG Canada in mid-2025 will give its five joint venture partners access to liquefaction and international trade, which wasn’t a possibility from Canada before, an LNG Canada vice president told Hart Energy.
Energy Transition in Motion (Week of Sept. 20, 2024)
Here is a look at some of this week’s renewable energy news, including funding for a direct lithium extraction project in Arkansas.
Electrification Lights Up Need for Gas, LNG
As global power demand rises, much of the world is unable to grasp the need for gas or the connection to LNG, experts said.
8 Rivers Lands Investment from JX Nippon for DAC Technology
An investment by JX Nippon Oil Exploration will support 8 Rivers’ Calcite direct air capture technology as it moves from pilot to commercial development, the company says.