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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

Oil 418
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The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

Oil 231
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Indian Oil signs MOU with LanzaJet on sustainable aviation fuel production in India

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Indian Oil Corporation, India’s leading energy major, has entered into a memorandum of understanding (MOU) with LanzaJet to explore the development of sustainable aviation fuel (SAF) production in India. As a rapidly developing country, India’s energy transition will play a pivotal role in global energy markets.

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How renewable diesel can help fight climate change

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Did you know that the transportation sector is the largest contributor of greenhouse gas (GHG) emissions in the U.S.? We need to make our transportation system more sustainable with today solutions as city residents, investors, employees or customers demand action on climate change. Reducing GHGs in the Transport Sector.

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ARPA-E selects SwRI to create more effective burner to reduce methane emissions

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of the methane encountered during oil production. of the methane in gas flares used by the oil and gas industry. It is one of several projects funded in support of the US Methane Emissions Reduction Action Plan, announced at the 2021 United Nations Climate Change Conference (COP26).

Emissions 434
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Eight energy majors commit to reduce methane emissions within natural gas industry

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BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall committed to reduce further methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others across the natural gas value chain—from production to the final consumer—to do the same.

Gas 170
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Researchers find abundance of oil-eating bacteria in northeast Atlantic

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A team of scientists from Heriot-Watt University has found the waters in the Faroe-Shetland Channel (FSC) are teeming with oil-eating bacteria. The FSC is a deepwater sub-Arctic region where the oil and gas industry has been active for the last 40?years. —Angelova et al. 03701-20.

Oil 225