Bid

Net Zero Emission

Shell Signs ‘Large’ Cellulosic Ethanol Deal With Raízen Amid Growing Sustainable Fuel Demand

Energy giant Shell has entered into a long-term agreement with Brazil’s Raízen to buy a total of 3.25 billion litres of sugar-crane cellulosic ethanol in a bi…

Oil&Gas Drilling

Biden Says “No More Drilling” at a Rally

“No more drilling…there is no more drilling,” said U.S. President Joe Biden at a campaign rally in New York state on Sunday when asked by a person in the cro…

Australia

Australia, Pacific Nations to Bid to Co-Host 2026 U.N. Climate Summit

Australia will launch a bid with Pacific nations to host the United Nations climate summit in 2026.

Oil&Gas Drilling

Drillers Ask U.S. To Exempt Smallest Wells From Looming Methane Rule

Oil and gas companies have asked the Biden administration to exempt hundreds of thousands of the nation's smallest wells from upcoming rules requiring drillers …

Biden Unveils $13.5 Billion Package to Ease Home Energy Costs

U.S. President Joe Biden has announced plans to shell out $13.5 billion to help reduce energy costs for low- and moderate-income households.

CCS

ArcelorMittal and Mitsubishi Trial Carbon Capture in Bid for Greener Steel

Global steel company ArcelorMittal has signed an agreement with Mitsubishi Heavy Industries Engineering (MHIENG) on a multi-year trial of MHIENG’s carbon captu…

Electric Vehicle Battery

Biden’s EV Minerals Cash Fruitless Without Permitting Reform

Washington's growing financial support for companies that produce metals used in electric vehicles will likely prove fruitless unless the federal government str…

Oil Price

Goldman: U.S. SPR Crude Releases to Have Modest Price Influence

The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …

Oil Shale

Shale Firms Discount 'U.S. Put' as Inadequate to Lift Oil Output

U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden's offer to stock the U.S. emergency oil r…

Electric Car

Nikola Expects Inflation Reduction Act to Lower Hydrogen, Truck Costs

Incentives provided by the recently passed Inflation Reduction Act (IRA) will help Nikola Corp by lowering costs of its electric trucks and hydrogen energy busi…

Net Zero Emission

India to Pitch for Global Biofuels Alliance at G20 - Oil Minister

India plans to pitch for a global alliance on biofuels among members of the group of 20 major economies, oil minister Hardeep Singh Puri said on Wednesday, as t…

Oil Price

Biden to Lay Out Plan to Complete Emergency Oil Sales, Support U.S. Production

U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation's emergency oil reserve by year's end, an…

Offshore Wind Power

U.S. To Hold Offshore Wind Power Rights Sale off California Coast in December

President Joe Biden's administration on Tuesday said it would hold the first ever sale of offshore wind development rights off the coast of California on Dec. 6…

Oil Price

U.S. Could Sell Oil From Emergency Reserve This Week -Sources

The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month's congressional elections, thre…

LNG

U.S. Approves LNG Shipping Waiver for Puerto Rico After Hurricane

The Biden administration late on Sunday approved a waiver of U.S. shipping rules to address Puerto Rico's urgent need for liquefied natural gas (LNG) after Hurr…