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U.S. EPA Proposes Biofuel Program Revamp

President Joe Biden’s administration unveiled a three-year proposal to expand the U.S. biofuels policy with bigger volume mandates. For the first time, this will include a pathway for electric vehicle manufacturers to build valuable credits. According to Reuters, Biden wants to fight climate change by lowering fossil fuel use in America’s transport sector. This is

Investing in the Future of Oil and Gas with Jim Lawnin

Jim Lawnin has spent the last four decades working in and around the oil and gas industry. During that time, he has seen a major shift in where companies are investing their resources. “I’ve been in it (oil and gas industry) for 40 years,” Lawnin said. “We’ve seen a huge transition to ESG focus.” Lawnin

UAE Plans Global Energy Push with Major Investment, Increasing Oil-Production Capacity

The United Arab Emirates’ leading energy company will increase investment to $150 billion over the next five years, speed up an increase in oil-production capacity, and list some of its natural gas business. According to Reuters (via EnergyNow), Abu Dhabi National Oil Co. said it would expand its international gas, chemicals, and clean-energy operations. The

NextEra Energy to Invest $805 Million to Expand Renewables Portfolio

An American energy company is making a major investment in renewable energy. According to Reuters, NextEra Energy Partners LP said the company signed a deal to acquire solar and wind assets for $805 million as it expands its renewables portfolio on increasing demand for clean energy. The emphasis on promoting alternative energy sources has gained

Carlyle Group Seeks $1.6 Billon for Second Renewable Energy Fund

A private equity company is making a major investment in renewable energy. According to people familiar with the story, Reuters is reporting that Carlyle Group Inc is seeking at least $1.6 billion for its second private equity fund to invest in renewable energy and sustainability assets. The sources for Reuters said the Washington, D.C.-based firm

Germany Considers State Guarantees for Renewable Energy Production

A European country could offer some major incentives for renewable energy investment. According to Reuters, Germany is considering introducing state guarantees for investments in renewable energy, Economy Minister Robert Habeck said on Monday, as Berlin works to become more independent in scaling up renewables capacity. Germany, which is Europe’s biggest economy, has a goal to

The First Commercial-Scale Offshore Wind Farm in France Begins Operations

A major renewable energy project began operations in Europe. According to Reuters (via EnergyNow), France’s first commercial-scale offshore wind farm began operating, adding 480 megawatts of capacity to the grid at a time when Europe is trying to secure energy supplies after Russia’s invasion of Ukraine. The Saint-Nazaire wind farm, located off the coast of

Construction of Multi-Billion Dollar Wind Farm Set to Begin in Eygpt

A massive renewable energy project is coming to Northern Africa. According to EnergyNow, the construction of one of the world’s largest wind farms is set to begin in Egypt in 2024. The renewable energy project could provide electricity to Europe and Saudi Arabia, according to one of the main companies supporting the $11 billion project.

Live Webinar on Methane Airborne Detection Solution for Oil and Gas to be Held on Dec 1

Interested in learning more about solutions for methane airborne detection in oil and gas? Join Telops on Thursday, December 1st at 11 am CT for an important webinar, as they share their solution for Methane Airborne Detection for the Oil & Gas Industry. Can’t join live? You can still register and receive a copy of the slides and

A Commodities Trader to Buy Poland’s Vortex Energy in Push for Renewables

Commodities and energy trader Vitol said on Thursday it had agreed to acquire renewable energy company Vortex Energy from VH Invest for an undisclosed sum. According to Reuters, Vitol “plans to deploy $1 billion of capital over the next five years into renewables in Poland,” it said in a statement. The transaction is expected to

Mexico Intends to Double Renewable Energy Capacity by 2030

America’s third-biggest greenhouse gas emitter is working with the United States to meet new climate goals. According to Reuters, Mexico has pledged to deploy a further 30 gigawatts in renewable energy capacity by 2030, the nation’s Foreign Ministry said in a statement on Monday. Foreign Minister Marcelo Ebrard traveled to Egypt to attend the COP27

Portuguese-Canadian Joint Venture Plans $1.04 Billion Hydrogen Plant

A massive venture is developing between Canadian and Portuguese companies. According to Reuters, Canadian renewable energy company Neogreen Hydrogen and Portuguese developer of photovoltaic solar parks Frequent Summer announced plans to invest over 1 billion euros ($1.04 billion) in a green hydrogen plant in Portugal. Green hydrogen, which is produced using renewable electricity such as

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