The world’s largest oilfield services provider, Schlumberger, is selling its North American fracking business to Liberty Oilfield Services for a minority stake in a new combined company after the oil price crash crushed the U.S. shale patch’s fracking activity. Schlumberger has agreed to combine its onshore hydraulic fracturing business in …
Read More »US Takes Off with $33m Funding for Greener Aircraft
Funding will be shared by 17 projects that aim to reduce energy usage and carbon emissions for commercial aircraft propulsion systems.
Read More »China Is Turning Its Back on Saudi Arabia
In recent months, the world’s biggest oil exporter, Saudi Arabia, has lost market share in China to the United States as the world’s top oil importer has boosted imports from America and reduced purchases from the Kingdom. China has imported record volumes of crude oil in recent months, taking advantage …
Read More »U.S. to Spend $625 Million in Five Quantum Information Research Hubs
The U.S. Department of Energy on Wednesday said it will provide $625 million over the next five years for five newly formed quantum information research hubs as it tries to keep ahead of competing nations like China on the emerging technology. The funding is part of $1.2 billion earmarked in …
Read More »US Energy-Related Emissions Hit 50-Year Low During Pandemic
In April, carbon dioxide emissions from petroleum and coal consumption fell to their record low, according to a report.
Read More »Renewables Made Up 57% of New Capacity in US During First Half of 2020
There were no new capacity additions from oil, nuclear power or geothermal energy across the country during the timeframe.
Read More »Can Biden Fix Climate Change With $1.3 Trillion?
In his Democrat Party nomination acceptance speech last night, Vice President Joe Biden indicated that he could solve the problem of climate change. And he said he could do it all with the money the government would get by changing the tax code. In two sentences and just 75 words …
Read More »Renewables Account for 57% of New U.S. Generating Capacity in First Half of 2020
Data just released by the Federal Energy Regulatory Commission (FERC) states that renewable energy sources (solar, wind, biomass, geothermal, hydropower) dominated new U.S. electrical generating capacity additions in the first half of 2020, according to an analysis by the SUN DAY Campaign. Combined, they accounted for 57.14% or 7,859 MW …
Read More »Russia Becomes World’s Second-Largest Oil Producer
The United States retained its leadership in oil output worldwide, the Joint Oil Data Initiative (JODI) said in a new update. Russia won the second place whilst Saudi Arabia came third. As for both oil output and processing, in June, Russia saw a slight change month-on-month. The U.S. oil production …
Read More »US Awards $13.5m to Capture Carbon Dioxide Directly from Air
Funding will be shared over three years by three laboratory-led research projects, which are focused on different major approaches to capturing carbon.
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