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ENERGY NEWS

Alberta unveils carbon capture and storage incentive to help decarbonization

Canada’s main oil-producing province, Alberta, said it would provide a 12% grant on eligible capital costs associated with building new carbon capture utilization and storage (CCUS) projects to help industry cut emissions that cause climate change. The incentive from Alberta, which the provincial government has been working on since January, comes on top of a READ MORE »

Baker Hughes Unveils Innovative ThermaStim Technology for Geothermal Energy to Unlock Full Well Potential

With the unveiling of ThermaStim, Baker Hughes is pioneering a first-of-its-kind approach in the geothermal energy sector. This low-corrosive, in-situ acidizing system represents a novel method of harnessing geothermal energy with improved safety and enhanced production.  A standout feature of ThermaStim is its zero reactivity and corrosivity at surface. Where traditional acids in geothermal wells READ MORE »

Countries promise clean energy boost at COP28 to push out fossil fuels

Governments launched new initiatives to bolster clean energy and to wean themselves off fossil fuels at the U.N. climate summit in Dubai, where countries are grappling with how to halt the non-stop rise in planet-warming emissions, reported by Reuters.  In one of the most widely supported initiatives, 118 governments pledged to triple the world’s renewable READ MORE »

Oil companies pledge at COP28 to slash methane pollution, but critics call it a smokescreen

Fifty oil companies representing nearly half of global production have pledged to reach near-zero methane emissions and end routine flaring in their operations by 2030, the president of this year’s United Nations climate talks said, a move that environmental groups called a “smokescreen.” Methane emissions are a significant contributor to global warming, so sharply reducing READ MORE »
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