renewable energy

The supermajor is making a major course correction as it plans to slash renewable investment and focus more on oil and gas development.

Equinor will reduce investments in renewables over the next 2 years by 50% to $5 billion and will increase its focus on oil and gas production, expecting more than 10% growth from 2024 to 2027.

Chevron’s announcement comes on the heels of ExxonMobil’s announcement in December of a similar project to deliver natural gas-fueled electricity to US data centers.

Wood Mackenzie analysis projects a full repeal of the Inflation Reduction Act is unlikely, while industry proponents urge permitting overhaul and loosening of burdensome regulations.

DNV’s Energy Transition Outlook 2024 projects continued growth in solar; slower growth in wind; and declines in coal, oil, and gas, while hydrogen and carbon capture projects are struggling.

This update highlights efforts to electrify oil and gas assets and deliver clean energy to remote, underserved communities. But the big question remains: Can we really achieve net zero emissions by 2050?

The DOE-sponsored program brings together more than 100 entities from the geothermal and oil and gas sectors to build the future of cross-industry collaboration.

By the end of 2025, a floating wind turbine will supply power to the operator’s Culzean platform in the Central North Sea.

Geo2Watts is transforming abandoned oil and gas wells into renewable energy assets using solar power and sand. In this exclusive Q&A, co-founders Phil Cruver, Bill Bartling, and Ken Murray share their vision and the innovative technology behind their “borehole battery.”

A new kind of groupie is interested in the heavy metal band Metallica’s tour in Europe, including Shell, big-rig and electric vehicle manufacturers, and producers of hydrogen, biofuels, and LNG. It has less to do with the music than the alternative fuels keeping the buses rolling on the 2-month, 7,200-mile journey across nine countries.