gastech

At Gastech, many see growth of gas through mid-century

Top leaders in the global gas industry gathered at Gastech described renewables as unreliable, and said that gas production and consumption would grow for several decades. But there were also some warnings from insiders that the industry’s confidence may be misplaced.

Gastech

U.S. LNG under scrutiny as Gastech 2024 approaches

Gas Outlook will be reporting from Gastech, one of the largest global gatherings of the oil and gas industry, in Houston next week, at a time when the fate of the U.S. LNG sector is unclear.

Venture Global

Venture Global LNG project gets key greenlight from U.S. govt

Venture Global’s CP2 project, an enormous LNG project in southwest Louisiana, obtained a construction authorisation from federal regulators. But it will remain sidelined until Biden’s LNG “pause” is completed.

Rio Grande LNG

Rio Grande LNG receives Gulf State investment, giving momentum to proposed expansion

The UAE’s Adnoc took a stake in Rio Grande LNG, a controversial gas export project currently under construction on Texas’ southern coast. Saudi Aramco is also reportedly considering an investment.

Paris agreement

Global banks inject $7 trillion into fossil fuels since Paris Agreement

A new report finds that global financial institutions have continued to invest in oil, gas, and coal at elevated levels since the Paris Agreement, despite calls to accelerate the energy transition.

U.S. gas

Record warm winter leaves U.S. gas glut

U.S. gas prices have crashed as a result of an unusually warm winter. Government data expects conditions of oversupply to continue through next year.

Renewables

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Europe can replace Russian gas

By 2030 U.S. could reach 90% clean energy: NREL

The U.S. this decade will see the ascent of clean energy: NREL.

Climate

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methane leaks

New satellite can pinpoint methane leaks at individual facilities

A new satellite, just launched into space by Carbon Mapper, can even detect methane leaks at specific pieces of equipment. Experts say it will bolster methane monitoring and may accelerate climate action.

Supreme Court

U.S. Supreme Court narrows federal agencies’ regulatory powers

The Supreme Court decision severely curtails the ability of federal agencies to regulate in areas of public health and the environment. Experts said the decision could ‘paralyse’ the ability to govern.

billionaire tax

Global billionaire tax needed to bridge climate finance gap: report

A new report commissioned by the Brazilian G20 presidency finds that a minimum ‘billionaire tax’ on the world’s wealthiest individuals could generate $250 billion annually.

oil majors

California wants to seize oil majors’ profits as climate damages

California amended a lawsuit it filed against five western oil majors last year, hoping to seize “ill-gotten” gains from climate deception and cover-up.