Downstream

U.S. Companies Seeking 100% Renewables Still Use Fossil Fuel

This post was originally published on this siteDec 9, 2021 (Bloomberg) –U.S. companies with contracts to buy only renewable power are still relying heavily on fossil fuels because of a lack of clean-energy supplies, a Columbia University study has shown. American firms have to draw between 20% and 50% of their electricity from regional electric […]

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Oil Inventories at Key U.S. Hub Recover From 3-Year Low

This post was originally published on this siteDec 8, 2021 (Bloomberg) Crude inventories at the nation’s biggest storage hub have recovered above a key threshold, easing some fears of a future supply shock.Stockpiles at Cushing, Oklahoma, rose above 30 million barrels last week, marking four consecutive builds, according to data from the Energy Information Administration. Earlier

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Devon Energy Doles Out $10,000 Bonuses as Oil Boom Times Roar Back

This post was originally published on this siteDec 8, 2021 (Bloomberg) Devon Energy Corp.’s rank-and-file workers are in for a surprise holiday treat: $10,000 bonus checks. In the latest sign that boom times are back for the U.S. oil patch, Devon told its 1,600 employees on Tuesday that workers below the vice president level will be

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The Pandell Leadership Series Presents: The Move to Measurement: Emissions Leadership in 2022 – Thursday December 16, 2021

This post was originally published on this sitePresented by Liz O’Connell, President & Co-Founder of Arolytics With increasing regulatory and ESG pressures to measure and disclose oil and gas emissions, how can you become an industry leader in emissions management in 2022? The Pandell Leadership Series is pleased to welcome Liz O’Connell, President of Arolytics,

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An Open Letter to Elizabeth Warren on Natural Gas Prices – Alex Epstein

This post was originally published on this siteSenator Warren blamed natural gas CEOs for rising prices. Here’s how I would respond if I were them. Dear Senator Warren, Today, 12/7, is the deadline you gave natural gas CEOs to respond to your letter blaming them for rising natural gas prices—which you are in fact to blame

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U.S. government to end gas-powered vehicle purchases by 2035 under Biden order

This post was originally published on this siteWASHINGTON/DETROIT, Dec 8 (Reuters) – The U.S. government plans to end purchases of gas-powered vehicles by 2035 in a move to lower emissions and promote electric cars under an executive order signed by President Joe Biden on Wednesday. The government owns more than 650,000 vehicles and purchases about

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WPC Houston 2021: Oil executives take to conference stage to rebut harsh portrayal on climate

This post was originally published on this siteSummary World failing to recognize key role of oil, gas -energy execs Too rapid embrace of renewables disrupts price, supply -execs HOUSTON, Dec 8 (Reuters) – Oil and gas will remain the dominant fuel source for decades to come, the industry’s top executives declared on Wednesday, making their

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ChampionX Expands Decarbonization Portfolio – Announces Acquisition of Tomson Technologies LLC and Group 2 Technologies LLC

This post was originally published on this siteDecember 08, 2021  THE WOODLANDS, Texas, Dec. 08, 2021 (GLOBE NEWSWIRE) — ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it has acquired Tomson Technologies LLC and Group 2 Technologies LLC, leaders in nano technology platforms with proven commercial applications helping energy companies lower the

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OPEC Secretary General says energy transition can not exclude fossil fuels

This post was originally published on this siteHOUSTON, Dec 8 (Reuters) – The COP 26 climate change conference largely excluded the oil and gas industry, OPEC Secretary General Mohammad Barkindo told an energy conference on Wednesday, arguing that producers need to be included in planning for a transition to cleaner fuels. Speaking at the World

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