Downstream

Shale Driller Civitas Buys Credits to Offset Carbon Emissions

This post was originally published on this siteBy David Wethe (Bloomberg)  Civitas Resources Inc., a Colorado shale driller created via a series of mergers earlier this year, said it has accumulated enough credits to cover its 1 million tons of annual carbon emissions from the company’s oilfield activities. The credits cover emissions from the company’s …

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Countries, cities, carmakers commit to end fossil-fuel vehicles by 2040, but many fail to sign up

This post was originally published on this siteSummary Volvo Cars, Ford, GM aim for 100% zero-emission vehicles Volkswagen, Toyota, Stellantis not part of pledge United States, China and Germany missing from pledge GLASGOW, Nov 10 (Reuters) – (This November 10 story corrected to read Volvo Cars in bullet point, paragraphs 9 and 12) A group …

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Oil Swings as Biden Faces Mounting Pressure to Rein In Prices

This post was originally published on this siteNov 11, 2021 Oil fluctuated as investors weighed the odds that the White House will intervene to cool prices, with President Joe Biden saying that reversing inflation is now his top priority, particularly in energy.West Texas Intermediate bounced between gains and losses, but was still down about $4 …

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The COP26 Endgame: What to Watch If You’re Just Tuning In

This post was originally published on this siteNov 11, 2021 (Bloomberg) COP26 climate talks are entering the endgame, and all-night sessions are getting increasingly fraught. At stake is how quickly the world will cut emissions in the next decade — a crucial period to curb global warming —  and whether a functional market for trading carbon can be created. As negotiators …

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Natural Gas Services Group, Inc. Reports Third Quarter 2021 Financial and Operating Results

This post was originally published on this siteMidland, TX, Nov. 11, 2021 (GLOBE NEWSWIRE) Third Quarter 2021 Highlights Rental revenue of $16.2 million, an increase of 4% when compared to the second quarter of 2021 and 9% when compared to the third quarter of 2020. Net loss of $1.3 million ($0.10 loss per basic and …

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Democrats Press Biden to Consider Oil Export Ban

This post was originally published on this site(Bloomberg) President Joe Biden faces growing pressure from fellow Democrats to address rising gasoline prices by taking steps that include a possible ban on oil exports and the release of crude from the nation’s strategic reserves.Eleven Democratic senators, including several known for their concerns on climate change, urged …

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