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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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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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Both primary energy consumption and carbon emissions from energy use fell at their fastest rate seen since the Second World War, while renewable energy continued its trajectory of strong growth, with wind and solar power recording their largest ever annual increase. World oil production fell for the first time since 2009 by 6.6

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). million barrels per day this year and 12.8

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IDTechEx: motors with oil cooling became the dominant form in the electric car market in 1H 2022

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In the first half of 2022, motors with oil cooling became the dominant form in the electric car market, taking 50% market share, according to a report from IDTechEx. IDTechEx is predicting oil to gain an even greater market share with purely water jacket-cooled motors remaining in a significant way. This is where oil cooling comes in.

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bp & Ørsted to produce green H2 at Lingen refinery; industrial-scale electrolyzer powered by offshore wind

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wind farm in the North Sea and the hydrogen produced will be used in the refinery.?. —Martin Neubert, executive vice president and CEO of offshore wind, Ørsted. ??. The Lingen Refinery processes about five million tonnes of crude oil a year (~100,000 barrels ?a a day), producing fuels, heating oil and chemical feedstocks.

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First turbine installed at world’s largest floating offshore wind farm – which will power oil and gas

Electrek

megawatt (MW) turbines has been installed at the world’s largest floating wind farm, off the Norwegian coast. Hywind Tampen is also Norway’s first offshore wind farm – and it will power offshore oil and gas platforms. The first of 11 8.6

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