United states

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…

Oil Refinery

Exxon Shares Surge to Record High on Strong Earnings Outlook

Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil produce…

Net Zero Emission

U.S. EPA Begins Work to Set up $27 Bln Green Bank

The Environmental Protection Agency (EPA) on Friday began the process of designing a $27 billion green bank that will offer grants to disadvantaged communities …

Wind Farm

Ørsted Partners with ECP in the Company’s First-Ever Farm-down of Onshore Assets

Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio c…

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…

Electric Car

U.S. Boosts EV Purchases, but Faces Supply Chain Hurdles

The U.S. government has significantly boosted purchases of electric and plug-in hybrid vehicles but faces supply chain hurdles.

SMR

Hyundai E&C Accelerating Commercialization of SMRs

Hyundai E&C announced on Oct. 19 that it has held a ceremony with its partner Holtec International of the United States to initiate detailed design and commerci…

Carbon Emissions

New Way to Vacuum Out Greenhouse Gases and Create a Cleaner Atmosphere

How do we remove greenhouse gases from the air?

Ammonia

Blue Ammonia Production Efforts for Fuel Supply, Exports in High Gear Along U.S. Gulf Coast

Energy giants Chevron and Uniper are pairing with Air Liquide and LyondellBasell to explore a hydrogen and ammonia production facility along the U.S. Gulf Coast…

Oil Price

US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices

US officials have hinted at more releases if prices continue to surge.

OPEC

U.S. Senate Panel Advances Bill to Rein In OPEC+ Over Oil Output Cut

A U.S. Senate committee this week quietly advanced a bill that seeks to rein in OPEC+ after the oil producer group led by Saudi Arabia and Russia this month agr…

Electric Vehicle Battery

Syrah Resources to Explore Graphite Supply to LG Energy Solution, Shares Soar

Australia's Syrah Resources Ltd said on Thursday it will evaluate supplying a key lithium-ion battery component to South Korea's LG Energy Solution Ltd, sending…

Oil Field

Baker Hughes Sees Bright 2023 for U.S. Oil

Baker Hughes Co. reported third-quarter results and posted a loss, compared with a profit last year.

Electric Vehicle Battery

POSCO Chemical Pushing to Supply Cathode Materials to Ford

Following General Motors (GM), POSCO Chemical is pushing to supply a large amount of cathode materials to Ford.