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European oil giants are turning off the taps on spending on oil even as the outlook for prices and demand remains robust. . Read more at straitstimes.com. ....
When last year BP vowed to reduce its oil and gas output by 40 percent by 2030 as it shifts to renewable energy, it came as a shock to many, pushing the company s share prices down sharply. Yet since then, pressure on Big Oil to stop doing what it does has only been growing. And Big Oil is responding. The Houston Chronicle s Paul Takahashi in a recent article detailed supermajors positioning to effectively move away from their core business and into low-carbon energy. Takahashi noted several examples of Big Oil partnering with majors from other industries to effectively reduce these other industries consumption of Big Oil s principal products: fuels. ....
Oil Demand Won't Be Wiped Out By Energy Transition oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.
3 hours Brazil Looks To Finance Fuel Subsidies With Oil Auctions 4 hours U.S. Boosts Oil Exports To Canada 5 hours The U.S. Power Sector Has Reduced Emissions By 52% 6 hours The Battle For European Oil Markets Is Heating Up 8 hours Another Round Of Power Shortages Grips Texas 9 hours High Battery Metal Prices Could Derail The EV Revolution 10 hours Russia Begins Black Sea Drilling As Tensions Rise With Ukraine 1 day WTI Prices Unmoved By Small Crude Draw, Gasoline Build 1 day U.S. State And Local Officials Call On Biden To Ban New Oil Permits 1 day Venture Capital Bets Big On Texas As World Capital Of Clean Energy Tech ....
Premium Content Biden Sets The Stage For An Offshore Wind Energy Boom By Tsvetana Paraskova - Feb 14, 2021, 4:00 PM CST The U-turn of the U.S. Administration’s energy policies under President Joe Biden sets the stage for a flourishing U.S. offshore wind industry, as the federal government looks to speed up environmental reviews to make offshore wind a significant contributor to the new clean energy goals. In the United States, offshore wind hasn’t really taken off, with just two small offshore wind farms in operation with less than 50 megawatts (MW) of combined capacity. To compare, Europe has 113 offshore wind farms in 12 countries installed, with 25 gigawatts (GW) of total offshore wind capacity. ....