Majors

Norway’s Equinor ASA has signed a deal to acquire U.S. battery storage developer East Point Energy LLC. Charlottesville, VA-based East Point has a 4.1 GW pipeline of early to mid-stage battery storage projects focused on the East Coast, and is eyeing additional growth opportunities, Equinor said. “The acquisition of East Point Energy represents Equinor’s entry…

The $1 billion-plus investment arm of the Oil & Gas Climate Initiative (OGCI), established by the CEOs of a dozen energy majors, said its portfolio companies have cut their direct carbon emissions by half since 2019. The decarbonization investor arm, OGCI Climate Investment (OGCI CI), said the 23 Catalyst Fund I portfolio companies realized a…

Chevron Corp. said it plans to spend $29 million to implement lower carbon projects in Western Australia, in part to offset penalties for failing to capture enough emissions from the Gorgon natural gas export project. Chevron Australia operates and holds a 47.3% stake in the Gorgon liquefied natural gas (LNG) facility. The funding to reduce…

Chevron Corp. suffered a backlash on Wednesday during the annual meeting as a shareholder proposal was overwhelmingly approved for the energy major to reduce the emissions of its customers, aka Scope 3. According to a preliminary tally of the vote, 61% were in favor of the nonbinding proposal to reduce Scope 3 emissions, which Chevron…

The leader of the nation’s top oil and gas lobbying group didn’t mince words in condemning the actions of protesters who stormed the Capitol building on Jan. 6, and he made clear Wednesday that last week’s events would influence the industry’s decisions about political giving moving forward. Following the American Petroleum Institute (API) annual State…

A broad group of major corporations, including a slew of energy producers and utilities, is lining up with the incoming Biden administration to urge bipartisan action by Congress on “climate solutions.” In a letter to Congress and Joseph R. Biden Jr.’s transition team, more than 40 companies said they support the United States rejoining the…

Recently announced rollbacks of Obama-era methane controls for the oil and gas industry appear destined for a legal and political onslaught, particularly if Joseph R. Biden Jr. is elected president. In a two-part rulemaking, the Environmental Protection Agency (EPA) last week rescinded the regulations enacted under the 2016 Oil and Natural Gas New Source Performance…

A possible breakthrough in technology that could capture more than 90% of carbon dioxide (CO2) emitted from industrial sources has been announced from scientists at ExxonMobil, University of California, Berkeley and Lawrence Berkeley National Laboratory.  Laboratory tests on the patent-pending material, tetraamine-functionalized metal frameworks, could be used to capture CO2 emissions up to six times…

Though months have passed since the coronavirus pandemic first began to impact individuals and communities across the United States, many organizations have proven their determination by continuing to assist however they can. While many countries are emerging from lockdowns and showing signs of recovery, Royal Dutch Shell plc continues to assist in the global fight…