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Bid
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…
Natural Gas
Five EU Countries Propose Two Options to Cap Gas Prices
Greece and four other EU countries on Thursday made a joint request to the European Commission to explore two options to cap soaring gas prices and propose poss…
Offshore Wind Power
RWE Bids for Offshore Wind Seabed Permit in Poland
Poland is going ahead with its offshore wind build-out programme by starting a competitive process for an offshore wind seabed permit within 53.E1 area in the P…
Oil Price
Biden to US Oil Companies: ‘Bring Down Petrol Prices Now’
Crude prices have fallen in recent weeks on fears of a global economic slowdown.
Net Zero Emission
GM Backs Setting Tough U.S. Emissions Targets for 2030
General Motors Co said on Tuesday it backed establishing tougher federal emissions standards to help ensure at least 50% of new vehicles sold by 2030 are zero-e…
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