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Tag "oil production"
by Stephanie Kelly (Reuters) Industry leaders talked up the future of biofuels in the energy transition at IHS Markit’s virtual CERAWeek conference on Monday, noting that policy incentives and feedstock innovation
by Hanna Ziady (CNN Business)Royal Dutch Shell (RDSA) said its oil production and carbon emissions have peaked as it detailed plans to gradually wean itself off fossil fuels. Climate activists said it hadn’t gone
by James Herron, Grant Smith and Laura Hurst (Bloomberg/LMT Online) There’s plenty of historical precedent for an investment drought, such as that which is occurring among oil majors, leading to
“Los Angeles is a natural focus for treaty organizers because of its unusually high concentration of oil infrastructure in an urban setting: The city is home to more than 800
by Jacques Leslie (Los Angeles Times) The Los Angeles City Council is poised to endorse a call for a global Fossil Fuel Non-Proliferation Treaty. … Signatory governments would agree to
by Florian Elabdi, Rick Noack and Steven Mufson (Washington Post) Denmark on Friday became the first major oil-producing nation to announce an end to state-approved exploration in the North Sea,
(Biofuels International) Transportation biofuels’ usage in the UK fell steeply during the second half of this year mainly due to the COVID-19 global pandemic and its repercussions. The pandemic resulted
by Jessica Corso (San Antonio Business Journal) Two San Antonio area companies in the biofuels and oil industries have filed for bankruptcy over the past week. On Oct. 13, Castroville-based Finger Oil
by Camila Domonoske (National Public Radio) Oil is facing an existential crisis. There has never been so much uncertainty about the future of a commodity that keeps the global economic engine running.
by Joseph Glandorf (Environmental and Energy Study Institute) In a project called the “Environmental Justice Now Tour,” Democrats on the House Natural Resources Committee are holding a series of discussions with
by Michael J. Coren (Quartz) Not all oil is equal. We think of petroleum as equivalent whether it comes from the ground in Saudi Arabia or Texas. But that’s not quite
by Justin Miller (Texas Observer/Popular Science) … Thousands flocked to the region to get a piece of the boom. “You could be someone with no college degree, no high
(Energy Market Price/S&P Global) ExxonMobil remains focused on growing its core oil and gas business as alternative renewable energies are mostly unable to offer attractive rates of return compared to
(Bailout Watch) The U.S. government’s efforts to stabilize the financial system at the start of the global pandemic last spring have propped up the fossil fuel industry, which entered the
by Robert Rapier (Forbes) This week at a campaign rally in Jacksonville, Florida, President Trump made a puzzling claim. Near the end of a story about Kamala Harris, Trump said “The great state
(Our Daily Planet) Yesterday, California Governor Gavin Newsom announced that the state will phase out sales of all gasoline-powered vehicles by 2035. As Governor Newsom said in a separate event with Democratic
(Our Daily Planet) Yesterday, the world’s leading oil producers, the Organization of Petroleum Exporting Countries (OPEC), projected a larger decrease in oil demand than was predicted earlier in the pandemic, The Hill
by Sheela Tobben and Javier Blas (Bloomberg) … Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping
(Our Daily Planet) While California Governor Gavin Newsom has called his state “a leader in the fight to transition away from fossil fuels,” watchdog groups have been calling out the fact that
by James Osborne (Houston Chronicle) … Under draft rules to be published Tuesday, the U.S. Forest Service would be limited in its ability to conduct environmental reviews of drilling projects
(Energy Market Price/ReNews.Biz) Four activists have swum to the Dan Bravo oil rig for several days of peaceful protest — reenpeace activists are peacefully occupying the Dan Bravo oil rig
by Jeremy Dillon (County 17/E&E News) The Senate Environment and Public Works Committee will head to Wyoming this week for a field hearing to analyze the state’s efforts on carbon capture
by Kevin Crowley (Bloomberg/Yahoo! Finance) Exxon Mobil Corp. and Chevron Corp. posted the worst losses in a generation after the pandemic and a global crude glut combined to batter almost every
by Linda Qiu (New York Times) … Likewise, Mr. Trump has sought to curry favor with corn farmers in Iowa and the Midwest by claiming to have “kept our promise
by Joe Wallace (Wall Street Journal) Debate rages about the long-term value of crude in the wake of its collapse and quick recovery — The coronavirus pandemic has stalled factories
by Myles McCormick (Financial Times) Rystad Energy says its estimate of recoverable barrels of crude has dropped by 282bn — An influential research firm has cut its estimate of potential
(RFD TV) … Both the oil and ethanol sectors are asking the federal government to step in as each one sees a sharp decline in prices and production. Oil groups
by Larry Lee (Browfield Ag News) The Renewable Fuel Association’s President says ethanol production is slowly recovering from the effects of coronavirus. Geoff Cooper says, “It’s going to take more than
by Gerard J. Ostheimer and Douglas L. Faulkner (below50/“the Clean Tech Conservative”/Leatherstocking LLC/Biofuels Digest) … (W)e would like to point out a number of anniversaries put biofuels and bio-based products
by Tristan R. Brown (Seeking Alpha) Summary: -The share prices of U.S. ethanol producers have mostly retraced the major declines that they experienced in March and April as the COVID-19 pandemic
by Dan K. Eberhart (CNN Business Perspectives) … President Trump indicated that some sort of financial bailout for the US oil industry — and the millions of jobs it supports
by Jim Lane (Biofuels Digest) Alot has changed since February, but what exactly in terms of the energy sector and financial impacts from COVID-19? Dive into this detailed assessment by
(Bloomberg/Yahoo! Finance) … Gasoline demand is rebounding, suggesting that the car — at least for now — is making a comeback. As lockdowns ease and parts of the world reopen for
by Jim Talent (The Gazette) … Oil companies have requested special access to a $600 billion lending facility at the Federal Reserve, and the administration seems keen to deliver. The
by Emily Holden (The Guardian) Revealed: Oil and mining firms – some with ties to Trump officials – taking advantage of funding, review shows — US fossil fuel companies have taken
by Allison Good, Taylor Kuykendall and Dan Testa (S&P Global) … The coronavirus pandemic may accelerate a shift from fossil fuel spending to investments in renewable energy, but the pace of
by Saleha Mohsin, Ari Natter and Jennifer A. Dlouhy (Bloomberg/RigZone) The Trump administration may announce as soon as Thursday a plan to offer loans to the ailing oil industry possibly in
by James Osborne, Sergio Chapa and Erin Douglas (Houston Chronicle) … The mass shutdown of Texas oil fields has begun after an unprecedented crash that last week drove crude prices
by Doug Durante (Clean Fuels Development Coalition/Biofuels Digest) … I want build on the theme that now, when we’ve been knocked down and are on the mat is when we need support,
by Larry Lee (Brownfield Ag News) An ag economist expects Washington lawmakers will be revisiting the Renewable Fuel Standard. Scott Irwin with the University of Illinois says, “I think we’re going to
by Will Englund (Washington Post) President Trump said Tuesday he has ordered his administration to come up with a plan to provide federal assistance to the oil and gas industry
by David Roberts (Vox) Oil and gas companies were already facing structural problems before Covid-19 and are in long-term decline. — … I wrote about how shortsighted it is for
(Renewable Fuels Association) As the COVID-19 pandemic and crude oil glut continue to ravage world fuel markets, U.S. ethanol sales in 2020 could fall by more than $10 billion and the
“It’s worth remembering that Wall Street can make money even when the businesses that they are funding don’t make money,” explained Saudi America author Bethany McLean in this Strand Book
by Rebecca Beitsch (The Hill) The Environmental Protection Agency (EPA) is weighing whether to let oil refineries skip on adding ethanol to their fuels, a move being requested by governors in
by Melody M. Bomgardner (Chemical & Engineering News) … Unlike fossil energy sources like US shale oil, where many operators may go bankrupt, renewables are poised to rebound as soon
by Lisa Martine Jenkins (Morning Consult) — 38% of voters support a bailout for the oil and gas industry, compared to 54% backing for a renewables industry bailout. — Republicans
by Scott Irwin and Todd Hubbs (FarmDocDaily) … One implication of the virus-related restrictions is that people are driving much less than before, which means that gasoline and ethanol use
by Meghan Gordon (S&P Global) US Senator Chuck Grassley, Republican-Iowa, urged the Trump administration Thursday to help the US biofuel industry weather plunging fuel prices and demand, just as the
by Rebecca Beitsch (The Hill) A growing number of Democrats are voicing concern that the White House may pursue broad relief for the oil and gas industry amid sinking prices and
by Jeff Stein, Will Englund, Steven Mufson and Robert Costa (Washington Post) … The White House is strongly considering pushing federal assistance for oil and natural gas producers hit by
by Malcolm Harris (Vox Media Intelligencer/New York Magazine) … I asked Fries (Steven Fries, Shell’s chief economist) if Shell is serious about transition, then couldn’t it voluntarily speed it up
by Clifford Krauss (New York Times) A surge of oil production is coming, whether the world needs it or not. The flood of crude will arrive even as concerns about climate change
(Growth Energy) Growth Energy, the nation’s largest association of biofuel producers, released a new report examining the potential impact of a growing role for U.S. biofuels in America’s clean energy future. The report
by Robert Rapier (Forbes) …In this model, the entities that control the model are the same as those that benefit from it: The Midwestern states that produce essentially all of
by Clayton Coleman and Emma Dietz (Environmental and Energy Study Institute) A recent analysis published in Nature Energy found that continuing current fossil fuel subsidies would make it profitable to extract half of all
by Clifford Krauss (New York Times) … In the last four years, roughly 175 oil and gas companies in the United States and Canada with debts totaling about $100 billion have
by Bryce Knorr (Farm Progress) Biofuel bust could get a little relief soon. — Pain at the pump could mean at least a little gain for corn growers. Demand for ethanol
(National Renewable Energy Laboratory) National laboratory researchers demonstrate improvements in bio-oil yield through catalyst and process development. — Researchers from the National Renewable Energy Laboratory (NREL), Pacific Northwest National Laboratory (PNNL), and
by Matt Thompson (Ethanol Producer Magazine) Railroad delays in 2014 forced ethanol plants to slow production or find other ways to
by Jim Lane (Biofuels Digest) The BP Energy Outlook explores the forces shaping the global energy transition out to 2040 and
by Mahmood Ebadian and Jack Saddler (IEA Bioenergy Task 39 Newsletter) … Currently, over 96% of the transportation sector in Canada is
(Energy Today/OilPrice.com) In 2002, oil prices were hovering around $20 per barrel and then rose almost continuously until mid-2008 when the
by Kelsey Tamborrino (Poltico’s Morning Energy) Does the world have enough oil to go around if 2.5 million barrels of
by Deborah Gordon, Adam Brandt, Joule Bergerson, Jonathan Koomey (Carnegie Endowment for International Peace) Oil is changing. Conventional oil resources are