Biden Caves to Germany (Desperate Due to Energiewende) and Putin

germany … …[Editor’s Note: Biden caves to Putin and a Germany now desperate for natural gas due to the huge failure of its Energiewende version of the green new deal.] President Biden is treating a European pipeline and a North American pipeline very differently—one is a natural gas pipeline from Russia to Germany, Nord Stream

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Natural Gas Now Best Picks of the Week – May 15, 2021

Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Biden Team Diving Headfirst Into Energy Sheol If you wanted any finer example of the Biden team’s preference for leftist political

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Biden Plan for Offshore Wind Is Wildly Expensive and Wholly Stupid

germany … …[Editor’s Note: Joe Biden, a puppet being manipulated by the worst sort of special interests, is pushing an offshore wind fiasco that will accomplish nothing.] Joe Biden has a plan to reach net zero carbon dioxide emissions in the generating sector. It includes the installation of 30,000 megawatts of new offshore wind capacity

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Wood Pellets Power Europe As Continent Takes A Giant Step Backward

germany … …[Editor’s Note: Europe’s focus on biomass in the form of wood pellets to produce electricity is a step backward on CO2 and shows green energy is anything but.] When most Americans think about “green power” and Europe, they conjure up pictures of wind turbines and solar panels producing emission-free power. The truth, however,

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Electric Vehicle Mandate in UK Really About Controlling All of Us

 ... … … [Editor’s Note: Boris Johnson has banned fracking and aims to force Brits into the electric vehicle they can’t afford, which means pushing them into cities.] British Prime Minister Boris Johnson banned the sale of gasoline and diesel vehicles by 2030 in order to accomplish his carbon-free mandate by 2050. A recent study,

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Novatek’s Q3 natgas production up 4.5%

Russia’s largest independent gas producer, Novatek, saw its production rise 4.5% year-on-year during the third quarter of 2020, despite a slight decline in total sales volumes, Kallanish Energy reports. The company said in its Q3 results that total gas production reached 19.13 billion cubic meters (Bcm) in the July-September quarter, up from 18.31 Bcm a

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Equinor posts $2.12B loss in Q3

Norway’s Equinor posted on Thursday a net loss of $2.12 billion in the third quarter of 2020, hit by weak hydrocarbon prices but, mostly, impairment charges due to reduced future price assumptions. The company’s net income was 92% lower than the same period last year at $1.11 billion, as it recorded impairment charges of $2.93

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Shell starts its new ‘era’ raising dividends

Royal Dutch Shell said Thursday it is starting a new era of dividend growth, as it announced a portfolio reshape to meet cleaner energy needs, Kallanish Energy reports. The supermajor decided to raise its dividend by 4% to 16.65 cents in the third quarter and annually thereafter. In April, it had slashed the payout by

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Engie appoints Catherine MacGregor as new CEO

French energy company Engie appointed on Monday Catherine MacGregor as its new chief executive officer, effective January 1, 2021, Kallanish Energy reports. MacGregor’s “industrial and international track record” will contribute towards the achievement of its strategic objectives that were laid out in July this year, Engie said in a statement. This strategy included a refocus

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XOM to reduce European workforce by 1,600

ExxonMobil said Monday it will cut up to 1,600 jobs in its European affiliates by the end of 2021, Kallanish Energy reports. The move is part of a global review aimed at improving efficiency and reducing costs, through reorganizations and work-processes changes. But reflects the increased “urgency” in ongoing efficiency work due to the demand

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Strike forces Equinor to shut four O&G fields

Equinor said on Monday it has shutdown four oil and gas fields in the Norwegian Continental Shelf due to an ongoing strike by workers from the Lederne trade union. The “controlled closure” of the fields Gudrun, Gina Krog, Kvitebjørn and Valemon comes after 54 members of the trade union stage an offshore walkout. Production at

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Total to convert crude refinery to produce biofuels

French energy major Total announced on Thursday it will convert its Grandpuits crude oil refinery to produce renewable diesel and bioplastics, Kallanish Energy reports. Killing two birds with one stone, Total will shut down its crude refinery after a structural problem with a key pipeline reduced its operational rate to 70% of capacity. To resume

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Iberdrola to create green hydrogen business unit

Spanish utilities Iberdrola will create a dedicated green hydrogen business unit, as it aims to become a global leader in the technology, Kallanish Energy reports. CEO Ignacio Galán said in a speech during the New York Climate Week, which took place alongside the UN General Assembly, that the company will produce hydrogen from 100% renewable

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German, Scottish wind associations ink cooperation deal

German wind power association WAB and Scottish wind consortium DeepWind have signed a three-year cooperation agreement to develop a market for green hydrogen from wind power. The parties said in a joint statement on Wednesday that the aim is to promote the offshore wind industry and the production of green hydrogen at sea transnationally. The

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Biomethane may be route for decarbonizing Europe’s gas markets

Biomethane can help decarbonize Europe’s gas markets, but continued growth depends on policy support, Wood Mackenzie said this week. According to analysts Graham Freedman and Nnenna Amobi, the carbon-neutral renewable gas can be directly injected into existing natural gas infrastructure and decarbonize the heating and transport sectors. That’s because biomethane is a purified form of

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