Investment
Investment , Energy Transition , Technology
Baker Hughes Invests in Lower-Carbon Hydrogen Production Solution
Compared to the traditional steam methane reforming process used for producing industrial scale hydrogen, Ekona’s novel methane pyrolysis process can produce hydrogen with drastically lower carbon dioxide emissions.
Public Capital , Investment , Petrochemicals
Exxon Mobil Makes FID for Mega China Petrochemical Project
Separately, Exxon Mobil told Reuters in July that the firm was advancing project discussions with potential partners for an import terminal for LNG also in China’s Huizhou province.
Investment
Oil and Gas Securitizations: A New Financing Tool in the Upstream Toolbox
Securitizations are gaining favor in the oil and gas space because investors like the predictable cash flow of energy operations.
Investment , Crude Oil , Trade , International , Energy Transition , Shale Plays
COP26: Oil Price Soars Even as World Turns Against Fossil Fuels
When Joe Biden spoke during last year’s presidential election about leading the U.S. in a “transition from oil,” he hardly expected to be asking the world’s crude producers for more supply just 12 months later.
Investment , Energy Transition
UAE's Abu Dhabi Unveils New Projects to Contribute to Country's Climate Initiative
The planned projects are expected to help reduce CO2 emissions from power generation and water production in Abu Dhabi by at least 50% over 10 years, Abu Dhabi's Department of Energy said.
Investment , Energy Transition
Clean Energy Firm Helion Raises $500 Million in Sam Altman-led Funding
Venture capital firm Mithril Capital, co-founded by Ajay Royan and Peter Thiel, and Capricorn Investment Group also participated in the latest round.
Investment , Storage
Denbury Enters Partnership to Develop Texas Gulf Coast CO2 Sequestration Project
Located just 25 miles from Denbury’s existing CO2 Green Pipeline, the project site is ideally positioned to sequester large volumes of CO2 from Gulf Coast industrial emissions sources.
Investment
US, Canada among 20 Countries to Commit to Stop Financing Fossil Fuels Abroad
By covering all fossil fuels, including oil and gas, the deal goes further than a pledge made by G20 countries this year to halt overseas financing for just coal.
Investment , Emissions , Energy Transition , Shale Plays , Technology
Permian Basin Poised to Lead Low-carbon Transition, Occidental Exec Says
The Permian Basin is poised to become the leader in the world’s low-carbon transition and those already working in the basin will be the pioneers of that transition, Occidental Petroleum’s William Barrett told attendees of Hart Energy’s Carbon Management Forum.
Investment , Emissions , Energy Transition
World Needs $5 Trillion in Annual Climate Finance for Rapid Action
Findings from the recent study did note some bright spots in the drive to lower emissions, such as wider adoption of wind and solar energy, and more electric vehicles on the road.