oil and gas

135 'oil and gas' stories May 2016 - April 2020

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oil and gas

In preview of EV future, oil producers are paying customers to take it off their hands

Bradley Berman Apr 2 2020 - 1:11 pm PT

oil fields

With 3 billion people sheltering from the global pandemic, oil demand has plummeted. Crude storage locations are filling up. US drillers are shutting down production. And some producers are paying customers to take their oil. In a glimpse into a future when nearly all vehicles run on electricity, some crude prices are experiencing rollercoaster-like dips, rapid ascents, and plunges to nearly zero.

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Equinor quits oil-lobbying group IPAA due to its lack of climate-change policy

Michelle Lewis Apr 1 2020 - 10:01 am PT

Hitachi Equinor

Equinor is quitting the oil lobbying group Independent Petroleum Association of America (IPAA).

The Norwegian oil and gas giant officially recognizes that climate change is real, and publicly states that it intends to align with the Paris Agreement. It says it will “grow renewable energy capacity tenfold by 2026, developing as a global offshore wind major.”

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Health officials: We need cigarette-style warnings on gas pumps

Bradley Berman Mar 31 2020 - 12:03 pm PT

The British Medical Journal is calling for warning labels to be placed where consumers buy fossil fuels. The US and British health experts that authored the article explain that more than 118 countries use stark warnings on cigarette packages to change behavior related to smoking. Similar warnings should be placed on gas pumps because burning fossil fuels are linked to 3.5 million premature deaths per year.

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3 states pass anti-fossil-fuel protest bills in 3 weeks. It’s not coincidental

Michelle Lewis Mar 31 2020 - 9:23 am PT

DAPL

While the US is focused on the coronavirus crisis, states are quietly redefining fossil-fuel infrastructure as critical in order to prevent protests such as the Dakota Access pipeline demonstrations. The idea is to make civil disobedience more difficult.

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How green energy and oil fared in the US Senate’s approved stimulus package

Michelle Lewis Mar 26 2020 - 12:09 pm PT

stimulus package

The US Senate has unanimously passed the $2 trillion stimulus package in response to the coronavirus pandemic. It’s the largest emergency aid package in US history. And the green energy sector didn’t get anything, as expected… but neither did Big Oil.

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Oil use drops 20M barrels a day as Congress finalizes stimulus deal

Michelle Lewis Mar 25 2020 - 12:31 pm PT

oil

Russell Hardy, the CEO of Dutch energy and commodities company Vitol, the world’s largest independent oil trader, spoke with Bloomberg Markets: European Open this morning about the impact of the coronavirus on the oil markets as Congress finalizes the latest stimulus bill. What will energy get?

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US stimulus package provides relief for oil and nothing for renewables or EVs

Michelle Lewis Mar 23 2020 - 11:10 am PT

stimulus package

Senate Democrats and Republicans disagree about the latest stimulus package in response to the coronavirus pandemic. They are now frantically negotiating and aiming for a noon Eastern time vote. Here’s where energy and transport stand.

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oil and gas

Lower oil prices won’t stop massive shift to electric vehicles

Bradley Berman Mar 13 2020 - 2:41 pm PT

Volkswagen’s chief strategist this week said that even a yearlong slump in oil prices will not slow down the company’s shift to EVs. VW and nearly every other major automaker have environmental goals that eclipse any short-term impacts from lower prices at the pumps. And the only way to achieve reduced emissions is with electric powertrains.

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Saudi-Russia oil war collapses prices — and the US is in the middle

Michelle Lewis Mar 9 2020 - 9:32 am PT

oil war

Russia refused to cut oil output quotas by up to 1.5 million barrels per day at a failed meeting on Friday between OPEC and non-OPEC nations. So in retaliation, Saudi Arabia will produce 2 million barrels per day at $6 to $7 a barrel into an already oversupplied global market. As a result, oil prices have dropped by a third today.

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Why Exxon’s CEO ‘has his head buried in the tar sands’

Michelle Lewis Mar 6 2020 - 5:47 pm PT

Exxon

ExxonMobil held its investor day at the New York Stock Exchange (NYSE) yesterday, and its CEO, Darren Woods, dismissed carbon targets as a “beauty match” with other companies.

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JP Morgan

JP Morgan ends funding for some — but not all — fossil fuels

Michelle Lewis Feb 26 2020 - 11:06 am PT

JP Morgan, the world’s largest financier of the fossil-fuel industry, announced yesterday that it will end fossil-fuel loans for Arctic oil drilling and phase out loans for coal mining.

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Arizona

This brand-new Arizona law is a big blow for green energy and local governance

Michelle Lewis Feb 25 2020 - 9:00 am PT

Arizona governor Doug Ducey (R) signed House Bill 2686 into law on Friday. The new law declares that a “utility provider’s authority to operate and serve customers is a matter of statewide concern.”

In other words, the new law removes the power of every town, city, and county in Arizona to choose their own energy infrastructure.

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Oil and gas drilling could spoil the Moab Slickrock cycling trail

Michelle Lewis Jan 30 2020 - 10:43 am PT

Slickrock

The Bureau of Land Management (BLM) has proposed leasing two-thirds of Slickrock for oil and gas drilling, even though it has very low potential to produce.

The world-famous, nearly 11 mile-long, mountain-biking Slickrock trail near Moab, Utah, takes e-bike and non-e-bike riders over stunning petrified sand dunes and sea bed remnants.

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Galapagos

Here’s the exact moment 600 gallons of fuel spilled in the Galapagos

Michelle Lewis Dec 23 2019 - 4:16 pm PT

More than 600 gallons of diesel were dumped into the water in the Galapagos Islands after a ship was capsized by a falling container and crane.

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3 reasons why the US natural gas boom is fizzling out

Michelle Lewis Dec 19 2019 - 8:30 am PT

natural gas

Natural gas prices plummeted at the end of November due to a glut of supply. It’s also looking as though a warmer December is going to keep demand down.

And finally, the fossil fuel is being increasingly banned in US cities and towns for environmental and safety reasons.

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oil and gas

IEA: Growth of SUVs kills eco-benefits from rise of electric cars

Bradley Berman Nov 13 2019 - 12:15 pm PT

The International Energy Agency (IEA) released its annual report yesterday. The Paris-based intergovernmental organization points to electric vehicles as instrumental in curbing global emissions. Unfortunately, those gains are being fundamentally undercut by the dramatic rise in SUVs.

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EGEB: JPMorgan Chase leads with the world’s largest bifacial solar rooftop — and lending to fossil-fuel companies, more

Michelle Lewis Nov 11 2019 - 4:00 pm PT

bifacial solar

In today’s Electrek Green Energy Brief (EGEB):

JPMorgan launches the world’s largest commercial installation of bifacial solar modules — and also leads in fossil-fuel lending.
Energy CEOs voice defiance on efforts to reduce carbon emissions.
Video: The top 15 largest oil-producing countries from 1966 to 2018.
E&E News is publishing a multi-part series on “the promise and peril of EV infrastructure.”

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Big Oil

Energy CEOs offer ‘defiant voice’ on efforts to reduce carbon emissions

Michelle Lewis Nov 11 2019 - 10:47 am PT

CNBC moderated a panel on Monday at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). The panel consisted of heads of Big Oil and Big Gas. The CEOs spent their time defending their efforts to reduce carbon emissions and intimated that environmental groups pushing for a faster transition to green energy were being unrealistic and overly emotional.

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EGEB: Keystone oil spill in North Dakota, US green energy grows by 6.15% to date, more

Michelle Lewis Nov 1 2019 - 4:00 pm PT

keystone oil spill

In today’s Electrek Green Energy Brief (EGEB):

The Keystone oil pipeline has spilled around 383,000 gallons of tar sands oil in North Dakota.
Non-hydro green energy grew in the US by 6.15% compared to 2018.
Credit Suisse senior banker says investments could ‘go to zero quickly’ if companies ignore climate change.
Gov. Mike Dunleavy (R-AK) and Rep. Alexandria Ocasio-Cortez (D-NY) have Twitter “words” over the Green New Deal.

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keystone oil spill

oil and gas

Keystone oil pipeline leaks nearly 400K gallons in North Dakota

Michelle Lewis Nov 1 2019 - 10:08 am PT

The Keystone oil pipeline has spilled approximately 383,000 gallons of tar sands oil in northeastern North Dakota, according to North Dakota state regulators on Thursday. The pipeline was shut down on Tuesday after crews discovered the leak.

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EGEB: Rex Tillerson testifies at Exxon trial, Elon Musk donates 1M trees, more

Michelle Lewis Oct 30 2019 - 3:00 pm PT

Exxon

In today’s Electrek Green Energy Brief (EGEB):

Former US Secretary of State Rex Tillerson testifies at Exxon trial.
Elon Musk donates $1 million to tree planting project.
Big battery investments are dropping costs faster than anticipated.

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Trump’s coal subsidies failed, and the largest private US coal company files for bankruptcy

Michelle Lewis Oct 29 2019 - 10:31 am PT

coal bankruptcy

Murray Energy Holdings Co, the largest private coal company in the United States, has filed for bankruptcy in the midst of a rapidly diminishing demand for coal.

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EGEB: Green New Deal co-sponsor Markey returns fossil-fuel donations, concrete roads could charge up EVs, more

Michelle Lewis Oct 28 2019 - 4:00 pm PT

EPA

In today’s Electrek Green Energy Brief (EGEB):

Green New Deal co-sponsor Ed Markey returns fossil-fuel-linked donations.
Various companies are carrying out tests to see how concrete roads could charge EVs.
Edinburgh releases its plan to make city carbon neutral by 2030.
The Republic of Ireland has cut green energy tax by 16% for 2019-20.

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fossil-fuel donations

Green New Deal co-sponsor Senator Ed Markey returns nearly $47K in fossil-fuel donations

Michelle Lewis Oct 28 2019 - 12:20 pm PT

Green New Deal co-sponsor Senator Ed Markey (D-MA) (above left) returned nearly $47,000 in donations from fossil-fuel-connected lobbyists. The donations violated the No Fossil Fuel Money pledge, which Markey signed in December 2018.

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