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Department of Interior awards initial $560M to 24 states to plug, cap and reclaim orphaned oil and gas wells

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The Department of the Interior awarded an initial $560 million from the Bipartisan Infrastructure Law to 24 states to begin work to plug, cap and reclaim orphaned oil and gas wells. The Tribal orphaned well grant program is being informed by ongoing Tribal consultations and listening sessions. Mississippi. *. New Mexico. North Dakota.

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Shell Oil replacing Ryder diesel trucks with with Ryder LNG trucks for operations in Louisiana and Texas

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Shell Oil Company has signed an agreement with Ryder System for 15 liquefied natural gas (LNG) heavy-duty vehicles supporting oil and gas logistics operations in Lafayette, La. and Houston, Texas. Ryder Dedicated Transportation Solutions has more than 200 customers in the oil and gas sector. service locations.

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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

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1PointFive is building Stratos, the world’s largest DAC plant, which is expected to be commercially operational in mid-2025, in Ector County, Texas. It is one of the largest oil producers in the US, including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Earlier post.) Earlier post.)

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$112.5M awarded to research consortia studying effects of Deepwater Horizon oil spill on Gulf of Mexico

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million to study the effects of the Deepwater Horizon oil spill in the Gulf of Mexico. The new grant recipients were selected using a competitive merit-review process. The GRI also funds research that improves techniques for detecting oil and gas, spill mitigation, and technologies to characterize and remediate spills.

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Goodyear determines soybean oil can reduce use of petroleum in tires

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Researchers at the Goodyear Tire & Rubber Company have found in their tests that using soybean oil in tires can potentially increase tread life by 10% and reduce the tiremaker’s use of petroleum-based oil by up to seven million gallons each year.

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USDA awards $10M in grants to spur production of biofuels, bioenergy and biobased products

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Agriculture Secretary Tom Vilsack announced $10 million in research grants to spur production of biofuels, bioenergy and biobased products that will lead to the development of sustainable regional systems and help create jobs. Vilsack highlighted the announcement with a visit to Michigan State University, a grant awardee.

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Syzygy raises $5.8M in Series A to develop photocatalytic platform for clean chemical and fuel manufacturing

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The financing was co-led by The Engine and by The GOOSE Society of Texas. Examples of these consumers include manufacturers of semiconductors, LEDs, float glass, food oil, metal, and users of hydrogen fuel cell electric vehicles. million in Series A funding. Previous investor Evok Innovations was also a major participant in the round.