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Energy leaders push back net-zero expectations amid rising costs and investment challenges, finds Bain & Company survey

Despite record-breaking global investments in clean energy last year, the leaders of the companies tasked with delivering on the transition have become less optimistic about when the world will achieve net-zero carbon emissions. This is according to Bain & Company’s 2025 Energy & Natural Resources Executive Survey, released today. Nearly half (44%) of energy and natural

Kuva Systems Awarded a $5 Million Contract from the U.S. Department of Energy to Simplify Methane Mitigation for Oil and Gas Industry

Kuva Systems, a provider for methane emission reduction solutions, has been awarded a $5 million contract with the U.S. Department of Energy’s (DOE) Methane Emissions Reduction Program (MERP). The agreement will support Kuva in refining and demonstrating its cutting-edge remote emissions investigation system across 175 oil and gas sites in the US. “We are thrilled

Electrigen and Hyliion Partner in Advancing Methane Emissions Reductions With $6 Million Federal Grant

ElectriGen , a power-as-a-service provider, is collaborating with Hyliion Holdings Corp. , a developer of sustainable electricity-producing technology, on a project aimed at reducing methane emissions in the oil and gas sector. Hyliion has been awarded a $6 million grant from the U.S. Department of Energy’s (DOE) Methane Emissions Reduction Program as part of a

Envana Secures Grant for $5.2M DOE Methane Mitigation Technology Project

Envana has been awarded a $4.2 million grant by the “U.S. Department of Energy” (DOE) to advance oil and gas methane monitoring and mitigation technologies. The funding is part of the DOE’s Methane Emissions Reduction Program under “Funding Opportunity Announcement” (FOA) 3256: Methane Emissions Reduction Program Oil and Gas Methane Monitoring and Mitigation. The $5,261,685 Envana grant comprises $4,209,348 of

Xplorobot receives EPA approval as the first handheld methane detection device

The United States Environmental Protection Agency (EPA) has approved Xplorobot’s Laser Gas Imager as an alternative test method (ATM) for methane inspections. This marks the first-ever approval of a handheld mobile methane detection device, setting a new standard for efficiency and affordability in emissions monitoring. Methane, a greenhouse gas over 80 times more potent than

Highwood Launches the Emissions Intelligence Platform (EIP) for Oil and Gas Companies, the World’s First Software for OGMP 2.0 Methane Reporting and Measurement-Informed Inventories

Highwood Emissions Management has launched their Emissions Intelligence Platform (EIP), a software that streamlines complex measurement-informed methane emissions accounting and reporting for the oil and gas industry. “EIP closes the gap between measurement and action.” said Thomas Fox, President of Highwood. “It uses empirical data to not only achieve – but to prove – strong performance, maintaining investor

EET Fuels secures US$350 million funding for decarbonization plans

EET Fuels (the trading name of Essar Oil (UK) Ltd) has attracted new financing facilities – agreeing to US$350m in re-financing through a combination of a new bank financing and upsizing of existing trade credit financing facilities in this quarter. This follows the announcement in October 2024 of US$650m in financing facilities including a new

U.S. DoE Announces Nine Organizations for Program to Foster Collaboration Between Communities and Stakeholders in the Energy Transition

The U.S. Department of Energy (DOE) announced the selection of nine organizations to participate in the groundbreaking Regional Energy Democracy Initiative (REDI) Consortium in Texas and Louisiana. This inaugural consortium will establish a framework for stakeholder and community collaboration while providing direct technical assistance and capacity building for the coordination, development, and delivery of community benefits

Fervo Energy Secures Additional $255 Million Funding to Meet Energy Demand

Fervo Energy, a next-generation geothermal development, has secured $255 million in new funding and capital availability as it continues to build the world’s largest enhanced geothermal systems (“EGS”) power development. The announced funding comprises both opportunistic corporate equity and new debt financing. Capricorn’s Technology Impact Fund II led the $135 million corporate equity round. Fervo

Baker Hughes to equip Woodside’s Louisiana LNG project

Baker Hughes has announced Monday an order from Bechtel to supply gas technology equipment for two liquefaction plants with a total capacity of approximately 11 MTPA for Phase 1 of Woodside Energy Group Louisiana’s LNG development opportunity. The order marks a significant milestone as Woodside targets final investment decision (FID) readiness from the first quarter

LG Chem and ExxonMobil sign MOU for lithium offtake

Exxon Mobil and LG Chem have signed a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate. The lithium will be supplied from ExxonMobil’s planned project in the U.S. to LG Chem’s cathode plant in Tennessee, which LG Chem expects to be the largest of

TotalEnergies and Oil India partner to combat methane emissions

Oil India (OIL) has teamed up with French energy giant TotalEnergies to tackle methane emissions in the oil and gas sector. In a move aimed at enhancing environmental sustainability, the two energy giants signed a cooperation agreement focusing on the detection and measurement of methane emissions across OIL’s operational sites in India. Leveraging TotalEnergies’ advanced

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