The government can tax people to reduce oil consumption, or award them for trying alternative energy sources and to innovate, to reduce consumption. Carrot or stick? Sen. John McCain says if he becomes president, the federal government will be offering a $300-million prize for the best new technology with regard to cleaner automobile engines that do not use fossil fuels. Now comes The Freedom Prize Foundation and the U.S. DOE, offering $4 million --in increments of $500,000 to $1 million--to encourage innovative deployment of existing technologies in the industrial, military , school, government and community sectors. Final guidelines and application forms will be released this fall. First disbursement of money will be in 2009. Go to www.freedomprize.org for more information. This program is part of the Energy Policy Act of 2005. --Leslie Haines, editor in chief, Oil and Gas Investor, firstname.lastname@example.org
2023-09-20 - LNG developer NextDecade Corp. has secured debt financing to support construction of the company’s Rio Grande LNG export project in South Texas.
2023-11-28 - Petrobras plans to invest $102 billion between 2024-2028 under its new strategic plan, up 31% compared to their 2023-2027 plan, aiming to achieve production of 3.2 MMboe/d by the end of the five-year timeframe.
2023-11-07 - Tellurian Inc., which is still eyeing development of the Driftwood LNG export project in Louisiana, issued a frank warning to investors in its third quarter 2023 financial filing “about our ability to continue as a going concern.”
2023-11-14 - San Diego-based Sempra expects to announce a final investment decision (FID) for its Cameron LNG Phase 2 project in 2024, according to Justin Bird, the CEO of Sempra affiliate Sempra Infrastructure.
2023-11-01 - Chevron’s $53 billion acquisition of Hess Corp. will concentrate the California major even further in upstream oil and gas production—the part of its portfolio where Chevron sees the most future upside.