oil and gas Stories December 4, 2020
Japan plans to phase out sales of new gasoline-powered vehicles by the mid-2030s, according to Japanese public broadcaster NHK.
The plan is not yet finalized (expect more info by the end of the year), and will still allow for sales of conventional gas-powered hybrids. So this is a step forward, but resembles China’s recently announced gas car ban that doesn’t actually ban gas cars.
oil and gas Stories November 24, 2020
Jim Cramer, the host of CNBC’s Mad Money, cofounder of the Street, and former stockbroker and hedge fund manager, spoke with Katherine Ross, correspondent at the Street, earlier today. Here’s what Cramer had to say to Ross about Joe Biden, Janet Yellen being chosen for secretary of the treasury, green energy, General Electric, and Big Oil.
oil and gas Stories November 23, 2020
The UN’s International Maritime Organization (IMO) approved a ban on Friday of ships’ use and carriage of heavy fuel oil (HFO) in Arctic waters after July 1, 2024. However, since it includes exemptions and waivers — loopholes — a complete HFO ban would only come into effect in mid-2029.
oil and gas Stories November 17, 2020
Donald Trump’s administration is bulldozing through a last-minute gas and oil drilling-rights auction in Alaska’s 19-million-acre Arctic National Wildlife Refuge before President-elect Joe Biden takes office. Biden vowed to block oil exploration in the largest national wildlife refuge in the country.
oil and gas Stories October 27, 2020
China plans to require that all new cars sold after 2035 be eco-friendly “new energy vehicles” according to Nikkei Asia. The plans were announced in a future road map for new energy vehicles and will be regulated under China’s Ministry of Industry and Information Technology.
The specifics of the plan state that as of 2035, 50% of new cars sold in the country will be either electric, plug-in hybrid, or fuel cell vehicles, and 50% of new cars will be conventional hybrids, which still run entirely on gasoline.
oil and gas Stories October 19, 2020
Chevron Corp (CVX.N) and Exxon Mobil Corp (XOM.N), the two largest US energy firms, have increased their share of campaign donations to Democrats in 2020, according to the latest filings.
oil and gas Stories September 30, 2020
oil and gas Stories September 21, 2020
Norway announced today that it will finance 16.8 billion kroner (US$1.8 billion) out of an estimated total investment of 25.1 billion kroner for the world’s first full-scale carbon capture and storage (CCS) project.
The project is named Longship after the Viking ships.
oil and gas Stories September 14, 2020
BP stated in a forecast published today that oil may have reached its peak due to the pandemic and that renewables will take the place of fossil fuels.
oil and gas Stories August 10, 2020
The Japanese MV Wakashio, owned by the Nagashiki Shipping Company and operated by Mitsui OSK Line, has spilled oil off the Mauritius coast after hitting a reef near the Blue Bay Marine Park on July 25. This is Mauritius’ first oil spill, a country with a population of 1.3 million people.
