Insights, Alerts

& Trends

Energy Industry News

Insights, Alerts & Trends | ENERGY IAT  |  ENERGY IAT august 5

 

Energy Industry News

Shell takes over Inspire Energy, Form Energy’s new battery, and more

Top of the news:

Police have arrested protesters at Thief River Falls, MN who were protesting construction of the Enbridge Pipeline 3.

POLITICS:

House Democrats are interested in passing a general clean energy standard that would encourage the increase of use of clean energy, CBS News writes.

SOCIAL:

Oil technology company Corva and sustainable oilfield services company NexTier Oilfield Solutions are teaming up to combine their respective technologies and make solutions devoted to reducing well costs, improving their completions, and strengthening their ESG ratings, World Oil writes.

ENVIRONMENT:

Oil and gas company Shell has finished the final touches on a deal that would have it take over clean energy technology company Inspire Energy, which would expand Shell’s clean energy portfolio across the U.S., Recharge News reports.

 Israel’s Environmental Protection Ministry said that it would delay a proposed oil transportation agreement with the United Arab Emirates to assess whether the state-owned Europe Asia Pipeline Company was able to receive an increased amount of oil tankers at their port in Eilat, The Times of Israel writes.

ECONOMIC:

Theenergy sector is expected to report high performances at the end of Q2, and is predicted to report earnings of $13.9 billion, Oil Price reports.

TECHNOLOGY:

Energy storage startup Form Energy has announced how they created an iron-air-exchange battery that can allegedly hold energy for 100 hours and would only cost $20/kWh, Utility Dive reports.

LEGAL:

Energy companies are finding themselves at the heart of class action lawsuits stemming from businesses whose operations were hindered during the ransomware attacks on said energy companies earlier this year, The Washington Post writes.

PROFESSIONAL DEVELOPMENT:

Here are some tips on how to deal with burnout.