United states

Oil Price

U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte

U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…

Net Zero Emission

U.S. Groups Urge Kerry to Back Climate Compensation Fund

Over 100 U.S. environmental groups on Monday urged top U.S. climate diplomat John Kerry to support the creation of a fund that would compensate countries that h…

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…

Electric Vehicle Battery

Mexico to Discuss Lithium, Auto Industry With U.S. Climate Envoy Kerry

Mexico will speak with U.S. climate envoy John Kerry about lithium, batteries and the automotive industry when Kerry visits the northwestern state of Sonora on …

Carbon Emissions

US Crackdown on Climate ‘Super-Pollutants’

The US Environmental Protection Agency announced additional actions to phase down hydrofluorocarbons.

Wind Farm

Ørsted to Sell 50% Stake in US Renewables Portfolio

Global wind project developer Ørsted has announced that it is selling a 50% ownership stake in a US portfolio to the investment group Energy Capital Partners. …

Electric Car

Smart Thermostats and EVs Connected in US Demand Response Partnership

A new partnership in the US has concocted a DERMS-powered programme to coordinate demand response via smart thermostats and electric vehicles (EVs).

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…