Gold, silver and bronze medals for the Tokyo Olympics were made from recycled cell phones and other small electronic devices. The 5,000 medals needed for the event were made over a two-year period from 78,985 tons of electronic devices, which were smelted to separate gold, silver and bronze elements.
Tellurian has finalized an agreement to supply 3.3 million short tons of liquefied natural gas per year for 10 years from its proposed Driftwood LNG export plant in Louisiana to Royal Dutch Shell. Tellurian now has offtake commitments for 9.9 million of the 10.1 million short tons per year the first phase of the project is expected to produce, which allows it to focus next on financing the project.
The Texas Alliance of Energy Producers' Texas Petro Index was 147.2 in June, up from 143.1 in May and marking the third consecutive month of growth, portending a potential upturn in upstream activity in the state. The rig count increased from 205 in May 2020 to 219 in June, crude oil production averaged 4.82 million bpd during the month, while direct upstream employment climbed back above 160,000.
North American natural gas pipeline operators attending this month's LDC Gas Forums Northeast event in Boston gave updates on their hydrogen efforts and detailed plans to blend the fuel into existing gas pipeline systems. Williams plans to pursue hydrogen development at a nearly 100,000-acre property in Wyoming and this month received a grant from the Wyoming Energy Authority to this end, while Enbridge is studying the potential impact on customers of injecting hydrogen into gas infrastructure.
EQT's natural gas production will remain relatively unchanged over the next three to four years as it sharpens its focusing on value creation by producing greener gas, EQT CEO Toby Rice told analysts. The company is doubling down on emissions reduction technology and responsibly sourced gas to prepare for a lower-carbon future.
The fuel demand recovery driven by reopening economies helped refiners Valero Energy and PBF beat analyst expectations for second-quarter results, with Valero posting an adjusted profit of 48 cents per share, while PBF reported an adjusted loss of $1.26 per share. "We expect, as demand incrementally improves, that we could see additional crude supply enter the market which could directionally shift current headwinds to tailwinds in the commodities market," said PBF CEO Tom Nimbley.
The Bureau of Ocean Energy Management is planning an environmental impact statement for the up-to-69-turbine Kitty Hawk offshore wind project, potentially paving the way for the first project of its kind in North Carolina. The project would connect to a point in Virginia Beach and may provide power to Virginia, as well as North Carolina. "If approved, the Kitty Hawk offshore wind project will not only provide clean, reliable energy where it is needed most, it will help boost the region as a manufacturing and supply chain hub for the offshore wind industry," said BOEM Director Amanda Lefton.
Discussions are ongoing between the European Commission and EDF over EDF's Project Hercules plan to restructure to two entities known as EDF Vert and EDF Bleu, and it's unlikely an agreement will be reached this year. The restructuring will probably be deferred until after France's elections, which are scheduled for April 2022.
Special interest lobbying groups are discreetly mounting campaigns against rooftop solar in Florida, Ohio, California and other states, according to the Environment Florida Research & Policy Center's Blocking Rooftop Solar report. The groups accomplish this by forming front organizations that may sound neutral, like the Consumer Energy Alliance, and then using them to support anti-solar policies.
A Tesla Megapack at Neoen Australia's Victorian Big Battery project in Victoria caught fire on Friday. The fire occurred during the initial testing of the system, but the cause has yet to be determined. "The site has been disconnected from the grid and there will be no impact to the electricity supply," said Neoen's Louis de Sambucy in a statement.
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