U.S. Department of Energy invests $31 MM to advance carbon capture and storage for natural gas power and industrial sectors

The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management announced more than $31 MM in funding for 10 projects to develop carbon capture technologies.

The downstream rundown: In case you missed it 08/26

In case you missed any downstream news, here are the top stories from last week.

No, TotalEnergies does not produce kerosene for the Russian army

As a shareholder of Novatek, TotalEnergies asked the management of Novatek on August 25 for information on what happens of the gas condensates produced by the Termokarstovoye field in Russia, in order to shed the fullest light on the recent controversy initiated by French daily newspaper, Le Monde.

California ban on gas & diesel cars and trucks should concern every American

“California’s radical ban on gasoline- and diesel-fueled cars and trucks will have devastating implications for consumers, energy security and the U.S. manufacturing economy. "

U.S. court upholds Conoco's $8.7 B award for loss of Venezuela assets

A U.S. court upheld a tribunal's $8.75 B award to U.S. oil producer ConocoPhillips over the expropriation of its Venezuelan oil assets, granting a default judgment in the case.

Brazil's antitrust watchdog postpones decision on Petrobras' refinery sale

Brazil's state-run oil company Petrobras said it has signed a contract to sell the REMAN refinery in the northern state of Amazonas for $189.5 MM to Ream Participações S.A., a subsidiary of distributor Atem.

API statement on House passage of the Inflation Reduction Act

"While the Inflation Reduction Act takes important steps toward new oil and gas leasing and investments in carbon capture and storage, it falls well short of addressing America’s long-term energy needs and further discourages needed investment in oil and gas..."

How China manages refined fuel exports

China's refined fuel exports are likely to sink in 2022 to the lowest in seven years as the country seeks to maintain ample domestic supplies while refinery output posts a rare decline.

History of the HPI: The 1990s: Clean fuels and emissions mitigation, M&A, GTL and the fieldbus wars

Nichols, Lee, Hydrocarbon Processing Staff

Much like several initiatives passed in the 1970s and 1980s, the 1990s were a decade heavily focused on environmental issues, with many new regulations being enacted to not only mitigate industrial and vehicle emissions but also to advance the production of clean fuels globally.

U.S. Department of Energy announces $32 MM to reduce methane emissions from oil and gas sector

The U.S. Department of Energy announced up to $32 MM in funding toward the research and development of new monitoring, measurement, and mitigation technologies to help detect and reduce methane emissions across oil and natural gas producing regions.