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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

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DOE to award up to $165M to advance domestic geothermal energy deployment; GEODE

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The Geothermal Energy from Oil and Gas Demonstrated Engineering (GEODE) initiative ( DE-FOA-0002632 ) solicits an administrator to establish and lead a consortium that will facilitate collaborative research, development, and demonstration (RD&D). The ultimate objective is to expand domestic geothermal deployment significantly.

Energy 259
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Nikkei: Japan to develop seabed mining of rare earth materials

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The Nikkei reports that in 2024, Japan will begin to extract rare earth materials for electric vehicles and hybrids from sea bottom mud in an area off Minami-Torishima Island, a coral atoll in the Pacific Ocean about 1,900 kilometers southeast of Tokyo. The resource amount was estimated to be 1.2 —Takaya et al. Yasukawa, K.,

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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil. oil may not be able to fill.

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California oil producer applies for LCFS credits for producing crude oil using solar-generated power

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Under California’s Low Carbon Fuel Standard (LCFS), crude oil producers may generate credits for oil that has been produced using innovative methods and delivered to California refineries for processing. Seneca Resource Corporation (Seneca) has applied for LCFS credits for producing crude oil using solar generated electricity.

Oil 150
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Westinghouse unveils AP300 small modular reactor for mid-sized nuclear technology

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Westinghouse Electric Company launched its newest nuclear technology, the AP300 small modular reactor (SMR), a 300-MWe (900MWth) single-loop pressurized water reactor. Flexible performance provides a proven capability to stabilize modern renewable heavy electric grids, including fast load change capabilities to support variations in demand.

Idaho 505
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Goodyear unveils 90% sustainable-material demonstration tire, approved for road use

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A sustainable material is defined as a bio-based/renewable, recycled material or one that may be produced using or contributing to other sustainable practices for resource conservation and/or emissions reductions including mass-balance materials. Today, eight product lines, and some racing tires, include soybean oil.

Oil 293