Author: omc_admin

United Airlines announced an investment in carbon transformation-focused cleantech company Twelve, supporting the company’s initiatives to turn CO2 into sustainable aviation fuel (SAF) using renewable energy. Founded in 2015, California-based Twelve produces chemicals, materials, and fuels from captured CO2 combined with water. The process is powered by renewable energy and produces water and oxygen as byproducts. According to Twelve, its SAF has the potential to reduce lifecycle greenhouse gas emissions by up to 90% compared to conventional jet fuel. The investment was made via the United Airlines Ventures Sustainable Flight Fund. Launched in 2023, the fund invests in and supports…

Google announced that it has signed a new renewable energy power purchase agreement (PPA) with Shell, buying 100% of the power generated by Shell NoordzeeWind, the Netherlands’ oldest wind farm. The wind farm, which was built by Shell and Vattenfall JV NoordzeeWind and began operations in 2007, generates a total of 108 megawatts of power. Shell acquired Vattenfall’s share of the project in 2021. Per EU regulations, it was set to be decommissioned soon, although the PPA will enable Shell to pursue permit extensions and invest in crucial upgrades to enable continued functioning of the site, thus keeping existing carbon-free…

Reform UK’s plans to obstruct green energy projects in Lincolnshire put at risk almost £1bn in local investment and more than 12,000 jobs, analysis suggests.No 10 said it would fight any attempt by the party to dismantle or block renewable investment in the area, after its deputy leader, Richard Tice, said Reform-controlled councils and its mayors would be able to block what he called “net stupid zero” infrastructure, including solar farms, pylons and battery storage systems.In Greater Lincolnshire, net zero industries contribute about £980m to the local economy, accounting for 12,209 jobs, according to analysis by the Energy and Climate…

ABS, a global leader in providing classification services for marine and offshore assets, with Akselos S.A., a global leader in structural performance management software; announced today a deepening of its cooperation with the joint completion of technical assessment for structural digital twin technology. This marks a significant advancement in the application of digital twin technology for Floating Production Storage and Offloading (FPSO) units, enabling more accurate and reliable assessments of structural integrity.  Claus Reimers, Chief Product and Technology Officer at Akselos The announcement comes at a critical time for the offshore energy industry. FPSOs are some of the most complex…

BKV Corporation and Comstock Resources, Inc. have entered into an exclusive, non-binding agreement for BKV to develop carbon capture, utilization and sequestration (CCUS) projects at two of Comstock’s natural gas processing facilities in its Western Haynesville operating area. As part of the agreement, the companies plan to develop CCUS injection wells to permanently sequester carbon dioxide waste produced at Comstock’s Bethel and Marquez natural gas processing and production facilities in Texas, as well as other locations, according to a joint news release. The terms of the prospective projects are subject to further negotiation and execution of one or more definitive…

Suncor reported first-quarter financial results beating analyst expectations on record production, refining rates and refined product sales.The Canadian energy heavyweight booked a net profit of C$1.69 for the quarter, equal to some $1.23 billion, up significantly on a quarterly basis and also up on an annual basis. Operating profits also rose on a sequential basis but were lower than the year-ago result.Suncor reported production of 853,000 barrels daily for the first quarter of the year, which was an all-time high for a first quarter. It also posted a record-high first-quarter average daily refining rate of 483,000 barrels and sales of…

In a release posted on its site on Monday, Sunoco LP announced that it will acquire Parkland Corporation in a transaction valued at $9.1 billion. Sunoco noted in the release that the parties have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction. The deal includes assumed debt, Sunoco highlighted.    In the release, Sunoco stated that, under the terms of the agreement, Parkland shareholders will receive 0.295 SUNCorp units and C$19.80 for each Parkland share, “implying a 25 percent premium based on the 7-day VWAP’s of both Parkland…

Real-world geoengineering experiments spanning the globe from the Arctic to the Great Barrier Reef are being funded by the UK government. They will test sun-reflecting particles in the stratosphere, brightening reflective clouds using sprays of seawater and pumping water on to sea ice to thicken it.Getting this “critical missing scientific data” is vital with the Earth nearing several catastrophic climate tipping points, said the Advanced Research and Invention Agency (Aria), the government agency backing the plan. If demonstrated to be safe, geoengineering could temporarily cool the planet and give more time to tackle the root cause of the climate crisis:…

The Department of Energy (DOE) has shelved a Biden administration rule that mandates United States federal agencies to construct only fossil fuel-free buildings starting 2030. The agency is reviewing the Clean Energy for New Federal Buildings and Major Renovations of Federal Buildings (CER) regulations, which took effect July 2024, to ensure they align with President Donald Trump’s energy agenda, the DOE said in an online statement. The regulations, which enforce the 2007 Energy Independence and Security Act, apply to construction projects with start dates that fall 2025 or later. They require projects breaking ground in 2025-29 to be designed in…

People take photos in front of a giant Google logo at Google’s Bay View campus in Mountain View, California on Aug 13, 2024 where the “Made by Google” media event was held today.Josh Edelson | AFP | Getty ImagesNuclear developer Elementl Power said Wednesday it’s signed an agreement with Google to develop three sites for advanced reactors. It’s the latest example of tech giants teaming up with the nuclear industry in an effort to meet the vast energy needs of data centers. Google will commit early-stage development capital to the three projects, although the exact terms of the deal remain private.…