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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

ExxonMobil secures largest CO2 offshore storage site in the U.S.

Exxon Mobil Corporation has executed the largest offshore carbon dioxide (CO2) storage lease in the U.S. with the Texas General Land Office (GLO). The over 271,000-acre site complements the onshore CO2 storage portfolio ExxonMobil is developing, and further solidifies the U.S. Gulf Coast as a carbon capture and storage (CCS) leader. “This is yet another sign

Ara Partners Launches New Strategy to Decarbonize Conventional Energy Value Chain in Partnership with HF Capital

Ara Partners, a global private equity and infrastructure firm that is decarbonizing the industrial economy, today announced the launch of a new strategy, Ara Energy Decarbonization, to decarbonize conventional energy assets across North America. Ara Energy Decarbonization is being launched in partnership with the Haslam family through its family office, HF Capital. The Haslam family,

GlobalData: Oil and gas industry slows its energy transition

The global oil and gas industry is now refocusing on fossil fuels and away from the energy transition as heightened energy concerns amid the Ukraine war place more emphasis on security, according to a new GlobalData report. As such, many companies have scaled back their focus on technologies and investments that would help them decarbonise

Kimray and Kathairos Forge Strategic Partnership to Deliver Zero-Emission Solutions for the Oil and Gas Industry

Kimray and Kathairos, have announced a strategic partnership aimed at providing scalable zero-emissions solutions to oil and gas operators. Together, Kimray and Kathairos are powering two critical processes of our time – energy production and energy decarbonization. Their collaboration provides the energy industry with a path to meeting both voluntary and mandatory emissions targets. A Singular Solution for

1PointFive’s South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding

1PointFive, a wholly owned subsidiary of Occidental, announced today that the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub. The award is a milestone in furthering commercial-scale DAC in the United States and validation

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