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Eni (NYSE: E) and Zhejiang Energy have signed a Memorandum of Understanding on strategic cooperation in the energy sector.
Eni (NYSE: E) and Zhejiang Energy have signed a Memorandum of Understanding (MoU) on strategic cooperation in the energy sector, Eni has revealed in a statement posted on its website.
The MoU establishes a cooperation framework aimed at facilitating joint initiatives between Eni and Zhejiang Energy across the gas and LNG value chain in China and internationally, Eni noted, adding that the agreement builds on the companies’ shared goal of promoting a reduction in emissions by favoring a switch from coal to gas in the production of electricity. Initiatives identified in the MoU are said to range from developing a long term LNG supply agreement to joint participation in gas/LNG projects.
President Joe Biden, who made clean energy a core tenet of his campaign, plans to set off one more oil-sector boom.
(Bloomberg) President Joe Biden, who made clean energy a core tenet of his campaign, plans to set off one more oil-sector boom before shadows descend on fossil fuels.
In a $2.25 trillion infrastructure proposal unveiled Wednesday, Biden earmarked $115 billion for roads and bridges, and another $16 billion to put laid-off oilfield laborers to work plugging abandoned wells across the nation. Those are in addition to sweeping investments in electric vehicles and renewable power, sectors more in keeping with the administration’s green tinge.
The U.S. Department of the Interior has announced nearly $249 million in fiscal year 2020 energy revenues to Alabama, Louisiana, Mississippi, Texas, and their coastal political subdivisions CPS.
The U.S. Department of the Interior (DOI) has announced nearly $249 million in fiscal year 2020 energy revenues to Alabama, Louisiana, Mississippi, Texas, and their coastal political subdivisions (CPS).
The state of Alabama and its CPS received $35 million in total, the state of Louisiana and its CPS received $109.9 million in total, the state of Mississippi and its CPS received $36.5 million in total, and the state of Texas and its CPS received $67.3 million in total, the DOI’s website showed. A total figure of $248.9 million was disbursed by the DOI.
Industry body Subsea UK has unveiled a new TV debate style event to highlight opportunities in the energy transition and the blue economy.
Industry body Subsea UK has unveiled a new ‘TV debate style’ event to highlight opportunities in the energy transition and the blue economy.
‘Subsea Live’, which takes place from May 25 to May 27, will focus on the subsea industry’s potential to harness resources from oceans to support the energy transition, with industry leaders and government panellists weighing in on discussions. Representatives from the UK Marine Energy Council, Baker Hughes, Orsted, and HSBC Bank plc will all make appearances at the event, which will be streamed live from the Subsea Live TV studio in Aberdeen.
A recent AOPL-commissioned poll shows that Americans increasingly hold a positive impression of pipelines.
A recent poll commissioned by the Association of Oil Pipe Lines (AOPL) shows that a growing number of Americans hold a positive impression of pipelines.
Moreover, the study found most Americans support keeping oil and gas workers employed.
Conducted between February 11 and February 24, 2021, by the independent polling firm Wakefield Research, the online quantitative survey of 3,000 U.S. consumers found that 70% of Americans have a positive impression of pipelines – up from 65% percent in 2019, AOPL revealed in a written statement emailed to Rigzone. In addition, AOPL stated the survey showed broad support across key audiences for avoiding climate change remedies that increase Americans’ energy costs.