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Exxon CEO Tells Europe to Follow US Approach to Climate Action
Category: Business News
European leaders looking to tackle climate change should look to US policy and “let the market work” to avoid driving companies away with prescriptive regulations, Exxon Mobil Corp. Chief Executive Officer Darren Woods said. “I think it’s a huge mistake to be picking winners and losers and focusing on specific technologies,” Woods told the CEO Norway’s […]
Source: Bloomberg
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But with title Clean Energy Sector Debates Impact of GOP Efforts to Repeal IRA Tax Credits
Category: Business News
Republican attacks on the Inflation Reduction Act’s clean energy tax credits may be negatively impacting the sector, some industry players and experts say. They say the GOP’s efforts to eliminate the subsides risks creating uncertainty for investments — especially with potential financial backers nervously looking ahead to next year’s elections. “It definitely creates uncertainty […]
Source: The Hill
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Norwegian government approves Aker BP development plans in North Sea
Category: Business News
(WO) —The Storting, Norway’s legislative body, has approved Aker BP’s plans for development and operation of the Yggdrasil area and Fenris, as well as further development of Valhall. “With this decision, the Storting has said yes to thousands of jobs and great value creation in Norway. I am proud of what we will deliver together […]
Source: WorldOil
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Halliburton acquires Norwegian tech company to enable DecisionSpace 365 reservoir modeling, optimization
Category: Business News
(WO) – Halliburton Company has acquired Resoptima AS, a Norwegian technology company that specializes in data-driven reservoir management. This strategic acquisition will integrate the industry-leading reservoir modeling and predictive analytics of Resoptima into the Halliburton Landmark DecisionSpace 365 suite. Resoptima provides technology solutions that enhance oil and gas operators’ ability to harness data for reservoir […]
Source: WorldOil
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DOE to offer $2.5B for carbon capture projects at power plants, industrial sites
Category: Business News
The Department of Energy will provide $2.52 billion in funding for two carbon capture programs, with additional funding possible later, the agency said Thursday. Through its Carbon Capture Demonstration Projects Program, DOE is offering $1.7 billion for about six commercial-scale carbon capture projects integrated with carbon transportation and geologic storage infrastructure. The program focuses on […]
Source: UtilityDive
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