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Riverstone-backed Montney Shale Producer Plans US Listing in SPAC Deal
The transaction, which values Hammerhead Resources at CA$1.39 billion, is expected to form a publicly traded upstream oil and gas company with a path toward achieving net-zero emissions on a Scope 1 and Scope 2 basis by 2030.
September 26, 2022
Chevron to Collaborate on Advanced Geothermal Technology Project in Japan
Chevron New Energies and Mitsui Oil Exploration have a preestablished working relationship, strengthened by its latest joint collaboration agreement to expand Japan's geothermal capabilities.
September 26, 2022
France Reaffirms It Will Halt Fossil Fuel Export Guarantees
After a U.N. climate summit in Glasgow last year, President Emmanuel Macron’s government signed up to a commitment to end public financing of unabated oil, gas and coal from 2023.
September 26, 2022
Shell Pulls Out of Two Irish Offshore Wind Projects
Shell and Simply Blue said in a joint statement on Sept. 24 that Shell’s withdrawal from the Western Star and Emerald projects was a “portfolio decision,” and Shell added that offshore wind remains a key growth area.
September 26, 2022
Momentum Midstream Establishes Leading Haynesville Presence with Latest Acquisitions
The acquisition of Midcoast’s East Texas business and Align Midstream was announced by Momentum Midstream alongside a new natural gas gathering and carbon capture project in the Haynesville Shale.
September 25, 2022
‘Heavy Lifting’ Needed to Overcome Permitting Bill Opposition, Manchin Says
U.S. Senator Joe Manchin said it will take “an awful lot of heavy lifting” over the next two or three days to overcome opposition by “strange bedfellows” ranging from progressive Senator Bernie Sanders to Senate Minority Leader Mitch McConnell.
September 23, 2022
US Outlines Roadmap to Boost Sustainable Aviation Fuel
The Biden administration wants SAF to achieve a minimum of a 50% reduction in greenhouse-gas emissions compared to conventional fuel and seeks to expand supply, use, reduce its cost and enhance its sustainability.
September 23, 2022
Energy Transition in Motion (Week of Sept. 23, 2022): Advancing Projects, Investment
Here’s a look at some of this week’s renewable energy news, including plans to seek lithium from soon-to-be abandoned oil wells in the Williston Basin.
September 23, 2022
Occidental Expects to Achieve Net-zero Emissions by 2050
Occidental Petroleum CEO Vicki Hollub said that carbon capture, utilization and storage practices will help the company bridge the energy transition gap at IETA's North America Climate Summit.
September 22, 2022
RNG Growth Across the US
Renewable natural gas (RNG) has seen significant growth across the continent, according to two of the largest RNG producers in the U.S.
September 22, 2022