Tag: hydrogen

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

Tina Marie (Ms. Cat)

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

With an annual total capital expenditure and exploration expense projection ranging between US$23 billion to US$25 billion, ExxonMobil is set to allocate US$22-$27 billion annually toward project spending until 2027. This includes a commitment to emerging ventures in lithium and low-carbon initiatives, with an 18% increase in spending in these areas.

Emphasizing its dedication to the energy transition, ExxonMobil’s Low Carbon Solutions division is expected to witness an increase in budget from US$17 billion to US$20 billion between 2022 and 2027, contingent upon government support.

The company plans to ramp up annual share buybacks to $20 billion by 2025, an increase from the current US$17.5 billion, following the completion of the Pioneer merger. Additionally, ExxonMobil continues its divestment strategy for refining operations.

Related:

US Strategic Oil Reserve Refill Is Limited Despite Low Prices

Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION

Tina Marie (Ms. Cat)
Geopolitical Trends, w/Dr. David Oualaalou

The left-wing government of Germany has passed a controversial new “green” heating law that will force at least 65 percent of all new installed heating systems to be “renewable” energy.

Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION

Related:

Germany Heating Law: How the Building Energy Act Became So Controversial

“If we really want to tackle climate change, the state has to interfere more in what had been private issues because we have to change our behavior,” Römmele said.

Germany mandates switch to heating via renewables with Building Energy Act amendment

The focus of the amendment is on new heating systems, as these are used for an average of 20 to 30 years and the government wants to ensure they are low carbon from the outset. Existing heating systems, however, can continue to be operated as before. This is a compromise reached in the legislative process to mitigate the economic hardships otherwise caused by the amendment.

World Energy Outlook 2022 shows the global energy crisis can be a historic turning point towards a cleaner and more secure future

Tina Marie (Ms. Cat)

The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook.

World Energy Outlook 2022 shows the global energy crisis can be a historic turning point towards a cleaner and more secure future

Can the U.S. Kick Its Reliance on Russian Uranium?

Tina Marie (Ms. Cat)

Posted on September 5, 2022 by John McGregor

John here. France is working to bring all of its nuclear power plants back online before winter and Germany is contemplating a plan to postpone the closure of its plants. Hungary has just issued approvals for two new nuclear reactors from Rosatom. Nonetheless, Ukraine is pushing for sanctions on Russian uranium. Theoretical capacity to replace uranium with thorium won’t translate into immediate results, so any sanctions in the short term would put further pressure on energy markets.

Can the U.S. Kick Its Reliance on Russian Uranium?