Oil Industry Expresses Concern, Not Alarm, About Biden Comments

After the candidate called for a “transition” away from oil and gas, executives said the country would need fossil fuels for decades to come.

#alternative-and-renewable-energy, #biden-joseph-r-jr, #carbon-capture-and-sequestration, #coal, #debates-political, #energy-and-power, #global-warming, #greenhouse-gas-emissions, #labor-and-jobs, #natural-gas, #oil-petroleum-and-gasoline, #pennsylvania, #presidential-election-of-2020, #shale, #texas, #united-states

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Oil Industry Turns to Mergers and Acquisitions to Survive

With the price of a barrel stuck around $40 and no recovery in sight, companies are combining to cut costs and ride out the pandemic.

#chevron-corporation, #concho-resources-inc, #conocophillips, #coronavirus-2019-ncov, #devon-energy-corporation, #layoffs-and-job-reductions, #mergers-acquisitions-and-divestitures, #natural-gas, #noble-energy-inc, #oil-petroleum-and-gasoline, #permian-basin-north-america, #prices-fares-fees-and-rates, #shale, #stocks-and-bonds, #texas, #wpx-energy-inc

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Chevron’s Purchase Could Unlock Israel’s Natural Gas Bonanza

The oil giant’s takeover of Noble Energy gives it a foothold in an emerging energy hot spot: the eastern Mediterranean Sea.

#chevron-corporation, #delek-drilling-lp, #international-trade-and-world-market, #israel, #mediterranean-sea, #mergers-acquisitions-and-divestitures, #natural-gas, #noble-energy-inc, #oil-petroleum-and-gasoline, #turkey, #wirth-michael-k

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Lebanon and Israel, Officially Enemies, Agree to Talks on Sea Border

The negotiations will be their first on nonsecurity issues in three decades but officials do not expect them to lead to peace talks.

#berri-nabih, #economic-conditions-and-trends, #international-relations, #israel, #lebanon, #mediterranean-sea, #natural-gas, #offshore-drilling-and-exploration, #politics-and-government, #united-nations, #united-states-international-relations

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Democratic Donors Push Biden for a Cabinet Free of Fossil Fuel Connections

A group of more than 60 donors is urging Joe Biden to renounce advisers with ties to the fossil fuel industry.

#biden-joseph-r-jr, #environment, #global-warming, #greenhouse-gas-emissions, #natural-gas, #presidential-election-of-2020, #trump-donald-j, #united-states-politics-and-government

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U.S. and European Oil Giants Go Different Ways on Climate Change

While BP and other European companies invest billions in renewable energy, Exxon and Chevron are committed to fossil fuels and betting on moonshots.

#alternative-and-renewable-energy, #bp-plc, #carbon-capture-and-sequestration, #carbon-dioxide, #chevron-corporation, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hydrocarbons, #natural-gas, #oil-petroleum-and-gasoline

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The Future of Energy

Daniel Yergin’s “The New Map” is a comprehensive look at the world of energy, its past, present and future.

#books-and-literature, #global-warming, #international-trade-and-world-market, #natural-gas, #oil-petroleum-and-gasoline, #the-new-map-energy-climate-and-the-clash-of-nations-book, #yergin-daniel

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A Secret Recording Reveals Oil Executives’ Private Views on Climate Change

At a meeting last year, industry leaders contradicted public claims that emissions of climate-warming methane are under control

#energy-and-power, #environment, #global-warming, #greenhouse-gas-emissions, #methane, #natural-gas, #regulation-and-deregulation-of-industry, #united-states-politics-and-government

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Navalny Poisoning Raises Pressure on Merkel to Cancel Russian Pipeline

Evidence that the Russian opposition leader was attacked with a military-grade nerve agent has placed new pressures on the German chancellor.

#berlin-germany, #europe, #european-union, #germany, #merkel-angela, #natural-gas, #navalny-aleksei-a, #pipelines, #poisoning-and-poisons, #politics-and-government, #putin-vladimir-v, #russia

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Its Electric Grid Under Strain, California Turns to Batteries

When demand exceeded supply in a recent heat wave, electricity stored at businesses and even homes was called into service. With proper management, batteries could have made up for an offline gas plant.

#alternative-and-renewable-energy, #batteries, #california, #california-independent-system-operator, #california-public-utilities-commission, #electric-light-and-power, #natural-gas, #power-failures-and-blackouts, #regulation-and-deregulation-of-industry, #solar-energy, #wind-power

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Three Trump Supporters Have a New Target: Germany

The United States needs allies. Punishing Berlin over a Russian gas pipeline is a needless provocation.

#embargoes-and-sanctions, #european-union, #germany, #international-trade-and-world-market, #natural-gas, #oil-petroleum-and-gasoline, #pipelines, #pompeo-mike, #united-states-international-relations

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German Town Fears Ruin by U.S. Effort to Stop Russian Pipeline

Three U.S. senators and the Trump administration want to halt Gazprom’s Nord Stream 2 pipeline by imposing sanctions on a Baltic port that is supplying the project.

#embargoes-and-sanctions, #energy-and-power, #germany, #natural-gas, #pipelines, #russia, #united-states-international-relations

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Oil and Gas Groups See ‘Some Common Ground’ in Biden Energy Plan

Some energy executives are pleased that the former vice president is not calling for a fracking ban and said they could work with him.

#american-petroleum-institute, #biden-joseph-r-jr, #carbon-capture-and-sequestration, #edison-electric-institute, #edison-international, #greenhouse-gas-emissions, #natural-gas, #oil-petroleum-and-gasoline, #presidential-election-of-2020, #solar-energy, #tellurian-incorporated, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government, #wind-power

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Chevron Deal for Oil and Gas Fields May Set Off New Wave of Mergers

With a $5 billion play for Noble Energy, the oil giant is set to acquire properties around the world for a relative bargain. Other companies might make similar moves.

#chevron-corporation, #company-reports, #coronavirus-2019-ncov, #mergers-acquisitions-and-divestitures, #natural-gas, #noble-energy-inc, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #shale, #stocks-and-bonds, #wirth-michael-k

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Southern Iraq’s Toxic Twilight

Burning Gas and Poisoning the Air

#accidents-and-safety, #basra-iraq, #cancer, #environment, #global-warming, #greenhouse-gas-emissions, #international-energy-agency, #iraq, #natural-gas, #oil-petroleum-and-gasoline, #power-failures-and-blackouts

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Global Methane Emissions Reach a Record High

Scientists expect emissions, driven by fossil fuels and agriculture, to continue rising rapidly.

#carbon-dioxide, #earth-system-science-data-journal, #environmental-research-letters-journal, #global-carbon-project, #global-warming, #greenhouse-gas-emissions, #methane, #natural-gas, #oil-petroleum-and-gasoline, #research

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Fracking Firms Fail, Rewarding Executives and Raising Climate Fears

Oil and gas companies are hurtling toward bankruptcy, raising fears that wells will be left leaking planet-warming pollutants, with cleanup cost left to taxpayers.

#air-pollution, #bankruptcies, #chesapeake-energy-corporation, #diamond-offshore-drilling-inc, #environment, #global-warming, #greenhouse-gas-emissions, #hydraulic-fracturing, #methane, #natural-gas, #north-dakota, #oil-petroleum-and-gasoline, #permian-basin-north-america, #united-states-politics-and-government, #whiting-petroleum-corporation

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Legal and Environmental Setbacks Stymie Pipelines Nationwide

Defeats at three projects reflect increasingly sophisticated legal challenges, shifting economics and growing demands by states to fight climate change.

#american-petroleum-institute, #appalachian-region, #center-for-biological-diversity, #earthjustice, #energy-and-power, #energy-transfer-partners-lp, #environment, #global-warming, #greenhouse-gas-emissions, #infrastructure-public-works, #keystone-pipeline-system, #natural-gas, #pipelines, #regulation-and-deregulation-of-industry, #shale, #supreme-court-us, #texas

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Warren Buffett Buys Pipeline in Biggest Deal for Years

The acquisition of a gas pipeline is Berkshire Hathaway’s largest in years, quelling investor anxiety about its recent drought of deal-making.

#berkshire-hathaway-inc, #buffett-warren-e, #coronavirus-2019-ncov, #dominion-energy, #mergers-acquisitions-and-divestitures, #natural-gas, #pipelines

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The Next Energy Battle: Renewables vs. Natural Gas

As coal declines and wind and solar energy rise, some are pushing to limit the use of natural gas, but utilities say they are not ready to do so.

#alternative-and-renewable-energy, #batteries, #coal, #dominion-energy, #electric-light-and-power, #environment, #great-river-energy, #greenhouse-gas-emissions, #los-angeles-department-of-water-and-power, #natural-gas, #solar-energy, #wind-power

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Atlantic Coast Pipeline Canceled as Delays and Costs Mount

The natural gas project would have crossed the Appalachian Trail. Dominion Energy, one of the pipeline’s two partners, also announced the sale of its gas transmission and storage assets.

#berkshire-hathaway-inc, #dominion-energy, #duke-energy-corporation, #natural-gas, #pipelines, #solar-energy, #wind-power

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Chesapeake Energy, a Shale Pioneer, Files for Bankruptcy Protection

The company helped turn the United States into a gas exporter but became known for an illegal scheme to suppress the price of oil and gas leases.

#bankruptcies, #chesapeake-energy-corporation, #coronavirus-2019-ncov, #mcclendon-aubrey-k, #natural-gas, #oil-petroleum-and-gasoline, #shale

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Still Reeling From Oil Plunge, Texas Faces New Threat: Surge in Virus Cases

Businesses were reopening in recent weeks and oil prices had climbed north of $40 a barrel before coronavirus infections accelerated in the state.

#abbott-gregory-w-1957, #coronavirus-2019-ncov, #coronavirus-reopenings, #economic-conditions-and-trends, #houston-tex, #labor-and-jobs, #natural-gas, #oil-petroleum-and-gasoline, #texas

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BP Prepares for a Future That Needs Less Oil

The energy giant said its oil and gas assets were worth less, a move reflecting broad changes in the industry.

#bp-plc, #coronavirus-2019-ncov, #global-warming, #looney-bernard, #natural-gas, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates

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Shares of Chesapeake Energy, a Shale Pioneer, Tumble in Volatile Trading

The company, which has said it could file for bankruptcy protection, helped turn the U.S. into a gas exporter but became known for an illegal scheme to suppress the price of oil and gas leases.

#bankruptcies, #chesapeake-energy-corporation, #company-reports, #credit-and-debt, #lawler-robert-d, #mcclendon-aubrey-k, #natural-gas, #oil-petroleum-and-gasoline, #oklahoma-city-okla, #shale

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The Fed Should Not Subsidize Fossil Fuels

The Fed should not be directing taxpayer money to further entrench the carbon economy.

#credit-and-debt, #federal-reserve-system, #greenhouse-gas-emissions, #labor-and-jobs, #natural-gas, #oil-petroleum-and-gasoline, #united-states, #united-states-economy

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Natural Gas Exports Slow as Pandemic Reduces Global Demand

Businesses in the United States, Israel and other countries were planning to invest billions in export terminals. Now, those projects are being canceled or delayed.

#alternative-and-renewable-energy, #coronavirus-2019-ncov, #egypt, #energy-and-power, #international-trade-and-world-market, #israel, #mediterranean-sea, #natural-gas, #oil-petroleum-and-gasoline, #politics-and-government, #prices-fares-fees-and-rates, #production

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In a potential big win for renewable energy, Form Energy gets its first grid-scale battery installation

Form Energy, which is developing what it calls ultra-low-cost, long-duration energy storage for the grid, has signed a contract with the Minnesota-based Great River Energy to develop a 1 megawatt, 150 megawatt hour pilot project.

The second-largest electric utility in the U.S., Great River Energy’s installation in Cambridge, Minn. will be the first commercial deployment of the venture-backed battery technology developer’s long-duration energy storage technology.

From Energy’s battery system is significant for its ability to deliver 1 megawatt of power for 150 hours — a huge leap over the lithium ion batteries currently in use for most grid-scale storage projects. Those battery systems can last for two- to four-hours.

The step change in the duration of energy delivery should allow energy storage projects to replace the peaking power plants that rely on coal and natural gas to smooth demand on the grid.

“Long duration energy storage solutions will play an entirely different role in a clean electricity system than the conventional battery storage systems being deployed at scale today,” said Jesse Jenkins, an assistant professor at Princeton University who studies low-carbon energy systems engineering, in a statement. “Lithium-ion batteries are well suited to fast bursts of energy production, but they run out of energy after just a few hours. A true low-cost, long-duration energy storage solution that can sustain output for days, would fill gaps in wind and solar energy production that would otherwise require firing up a fossil-fueled power plant. A technology like that could make a reliable, affordable 100% renewable electricity system a real possibility,”

Backed with over $49 million in venture financing from investors including MIT’s The Engine investment vehicle; Eni Next, the corporate venture capital arm of the Italian energy firm Eni Spa, and the Bill Gates-backed sustainability focused investment firm, Breakthrough Energy Ventures, Form Energy has developed a new storage technology called an “aqueous air” battery system.

“Our vision at Form Energy is to unlock the power of renewable energy to transform the grid with our proprietary long-duration storage. This project represents a bold step toward proving that vision of an affordable, renewable future is possible without sacrificing reliability,” said Mateo Jaramillo, the chief executive of Form Energy, in a statement.

Form’s pitch to utilities relies on more than just a groundbreaking energy storage technology, and includes an assessment of how best utilities can optimize their energy portfolios using a proprietary software analytics system. That software, was built to model high penetration renewables at a system level to figure out how storage can be combined with renewable energy to create a low-cost energy source that can deliver better returns to energy providers.

“Great River Energy is excited to partner with Form Energy on this important project. The electrical grid is increasingly supplied by renewable sources of energy. Commercially viable long-duration storage could increase reliability by ensuring that the power generated by renewable energy is available at all hours to serve our membership. Such storage could be particularly important during extreme weather conditions that last several days. Long-duration storage also provides an excellent hedge against volatile energy prices,” said Great River Energy Vice President and Chief Power Supply Officer Jon Brekke, in a statement.

Ultimately, this deployment is intended to be the first of many installations of Form Energy’s battery systems, according to the statement from both companies.

“Long duration energy storage solutions will play an entirely different role in a clean electricity system than the conventional battery storage systems being deployed at scale today,” said Jesse Jenkins, an assistant professor at Princeton University who studies low-carbon energy systems engineering, in a statement. “Lithium-ion batteries are well suited to fast bursts of energy production, but they run out of energy after just a few hours. A true low-cost, long-duration energy storage solution that can sustain output for days, would fill gaps in wind and solar energy production that would otherwise require firing up a fossil-fueled power plant. A technology like that could make a reliable, affordable 100% renewable electricity system a real possibility,”

#articles, #breakthrough-energy-ventures, #cambridge, #energy, #energy-storage, #minnesota, #mit, #natural-gas, #partner, #princeton-university, #renewable-energy, #tc, #united-states

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Union rep apparently threatens coronavirus infections to stop clean energy rule

Power lines cross a green field with mountains in the background.

Enlarge / Power lines run through a national park in San Luis Obsispo, California. (credit: George Rose/Getty Images)

There’s a battle raging in California over the future of natural gas. Environmentalists want building codes to encourage new buildings to be electrically heated in order to reduce carbon emissions. Natural gas utilities and labor unions representing their workers have been united in their opposition to these laws.

In March, Eric Hoffman, president of a local utility workers’ union, used an unusual tactic to stop the adoption of a new clean energy building code in San Luis Obispo, a city on California’s central coast.

“If the city council intends to move forward with another reading on a gas ban, I can assure you there will be no social distancing in place,” Hoffman wrote on March 16, in an email obtained by the Los Angeles Times. “Please don’t force my hand in bussing in hundreds and hundreds of pissed off people potentially adding to this pandemic.”

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#california, #climate-change, #covid-19, #natural-gas, #policy, #san-luis-obispo, #science

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Texas Oil Port Hit by One-Two Punch: Falling Demand and Overproduction

Corpus Christi has become the largest energy exporter in the United States, but several expansion projects have been delayed or scuttled, threatening jobs and investments.

#bridges-and-tunnels, #building-construction, #coronavirus-2019-ncov, #corpus-christi-tex, #energy-and-power, #factories-and-manufacturing, #international-trade-and-world-market, #labor-and-jobs, #natural-gas, #oil-petroleum-and-gasoline, #pipelines, #real-estate-commercial

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