Petroleum

Evolved By Nature Announces Distribution Agreement with Barentz

Retrieved on: 
Wednesday, February 21, 2024

Distribution will be throughout the US and Canada.

Key Points: 
  • Distribution will be throughout the US and Canada.
  • "At Evolved By Nature, we understand that biotechnology is very exciting to the skincare, personal care and cosmetics industries – but that it's also looked at with some hesitation.
  • Biotech often engineers natural look-alike ingredients, which don't meet consumer demand for truly effective and sustainable ingredients.
  • We're proud to have developed a platform of natural ingredients using biotechnology to harvest the power of nature rather than attempting to mimic it in biosynthetic ways.

Global Biofuels Market Report 2024: Industry Developments 2022-2024, Feedstocks Analysis, Production Pathways, Prices Trends, Sustainability Metrics and 200 Company Profiles

Retrieved on: 
Wednesday, February 21, 2024

DUBLIN, Feb. 20, 2024 /PRNewswire/ -- The "Global Market for Biofuels 2024-2035" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 20, 2024 /PRNewswire/ -- The "Global Market for Biofuels 2024-2035" report has been added to ResearchAndMarkets.com's offering.
  • The biofuels market has grown significantly as nations and companies pursue renewable, low carbon alternatives for replacing petroleum across transportation applications like passenger vehicles, aviation, marine and heavy freight, while serving broader circular economy sustainability aims.
  • The Global Market for Biofuels 2024-2035 provides a comprehensive analysis of the global biofuels market and emerging alternatives through 2035.
  • Types covered include:
    Market analysis including key players, end use markets, production processes, costs, production capacities, market demand for biofuels including:

EnLink Midstream Exploring Additional Carbon Transportation Opportunities with ExxonMobil to Reduce Emissions in the Gulf Coast

Retrieved on: 
Tuesday, February 20, 2024

DALLAS, Feb. 20, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that ExxonMobil and EnLink are exploring opportunities for EnLink to support ExxonMobil's carbon capture and sequestration (CCS) efforts beyond the southeast Louisiana Mississippi River Corridor into several additional Gulf Coast areas.

Key Points: 
  • DALLAS, Feb. 20, 2024 /PRNewswire/ -- EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that ExxonMobil and EnLink are exploring opportunities for EnLink to support ExxonMobil's carbon capture and sequestration (CCS) efforts beyond the southeast Louisiana Mississippi River Corridor into several additional Gulf Coast areas.
  • "EnLink and ExxonMobil are actively pursuing opportunities to develop safe, reliable, and cost-efficient CCS solutions," said Jesse Arenivas, EnLink Chief Executive Officer.
  • EnLink is fast becoming a leader in providing safe, low-cost CO2 pipeline transportation services, and we're excited to expand the discussion with ExxonMobil to additional high-emitting Gulf Coast areas."
  • "We've worked closely on CCS transportation solutions since our initial agreement in 2022 and look forward to continuing our collaboration with EnLink to help reduce carbon emissions across the Gulf Coast."

CITGO Enters EV Space with Pilot Program in Michigan

Retrieved on: 
Monday, February 19, 2024

HOUSTON, Feb. 19, 2024 /PRNewswire/ -- CITGO Petroleum Corporation, along with longtime Marketer Folk Oil Company, recently launched an electric vehicle (EV) charging pilot program designed to meet the needs of EV drivers in Battle Creek, Mich.

Key Points: 
  • HOUSTON, Feb. 19, 2024 /PRNewswire/ -- CITGO Petroleum Corporation, along with longtime Marketer Folk Oil Company, recently launched an electric vehicle (EV) charging pilot program designed to meet the needs of EV drivers in Battle Creek, Mich.
  • The CITGO location at 15551 11 Mile Road now offers both regular transportation fuel and EV charging stations.
  • "Instead of a store receiving a monthly rent for EV Charger installation, the CITGO program provides upfront assistance, while still giving the Marketer full ownership of the installed EV charger."
  • "With so many moving parts in the EV space, we're here to provide a streamlined program that covers everything from charger selection to post-installation maintenance."

InfiRay® Debuts at EGYPT ENERGY SHOW 2024

Retrieved on: 
Monday, February 19, 2024

YANTAI, China, Feb. 19, 2024 /PRNewswire/ -- IRay Technology Co., Ltd. (referred to as "InfiRay®" below), a leading brand in the thermal imaging industry, has shown itself with a high profile at EGYPT ENERGY SHOW 2024 in Cairo.

Key Points: 
  • YANTAI, China, Feb. 19, 2024 /PRNewswire/ -- IRay Technology Co., Ltd. (referred to as "InfiRay®" below), a leading brand in the thermal imaging industry, has shown itself with a high profile at EGYPT ENERGY SHOW 2024 in Cairo.
  • InfiRay® presents its innovative technologies and highlighted thermal imaging products in Hall 1 Booth D30 at Cairo, Egypt International Exhibition Center.
  • At this exhibition, InfiRay® presents a comprehensive solution and core products tailored to the entire production process of oil and petrochemical exploration, transportation, and refining.
  • The impressive display at EGYPT ENERGY SHOW 2024 solidifies InfiRay®'s commitment to delivering cutting-edge thermal imaging solutions that address the evolving needs of industries involved in petroleum and petrochemical production.

Ross Garnaut and Rod Sims have proposed a $100 billion-a-year fossil fuel tax – and it’s a debate Australia should embrace

Retrieved on: 
Friday, February 16, 2024

Leading Australian economists Ross Garnaut and Rod Sims this week sought to shake up the carbon policy debate in Australia, by proposing a tax on the nation’s fossil fuel production.

Key Points: 
  • Leading Australian economists Ross Garnaut and Rod Sims this week sought to shake up the carbon policy debate in Australia, by proposing a tax on the nation’s fossil fuel production.
  • They claim it could raise A$100 billion in its first year and position Australia at the forefront of the low-carbon revolution.
  • The proposal has been rejected by the federal government and the Nationals, as well as business groups and the fossil fuel industry.

How would the tax work?

  • It involves a “carbon solutions levy” applied to all fossil fuel extraction sites in Australia (around 105 sites), and on all fossil fuel imports to Australia.
  • The tax would presumably be calculated according to the emissions generated when the fuels are burned.
  • Garnaut and Sims say proceeds in the first year of the levy would be well over A$100 billion.
  • And as Garnaut also outlined in his speech, climate change threatens Australia’s economy, which remains heavily dependent on exporting fossil fuels.

Is the levy a good idea?

  • The purpose of a carbon tax, or levy, is to ensure polluting companies pay for the damage they cause.
  • In theory, the taxes make polluting production processes more expensive than the alternatives, reducing demand for those products.
  • The world, including Australia, has committed to reaching net-zero emissions by 2050.
  • After more than a decade of the so-called “climate wars” in Australia, the term “carbon tax” remains politically unpalatable.

The rest of the world got the memo

  • Notably, from 2026 a European Union tariff on carbon-intensive imports will come into effect.
  • The policy is designed to level the playing field for EU manufacturers that must pay a penalty for their own pollution.
  • In coming years, we can expect other jurisdictions to implement similar policies to guard their domestic industries.
  • And finally, imposing a carbon levy in Australia would ensure we get to keep the revenue for ourselves.

Will such a levy ever happen?

  • But as the world comes to terms with the economic reality of climate change, Australia risks being left behind.
  • As Garnaut told the ABC, everyone is a winner under the plan, except fossil fuel companies which, he conceded, “will hate it”.
  • But climate change is wreaking havoc on human communities, on natural systems, and on the global economy.
  • A carbon levy of the type proposed is an eminently sensible approach to get to net zero.


Ian A. MacKenzie does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

MARATHON TEAMSTERS AUTHORIZE STRIKE AT DETROIT REFINERY

Retrieved on: 
Thursday, February 15, 2024

DETROIT, Feb. 15, 2024 /PRNewswire/ -- Workers represented by Teamsters Local 283 at Marathon Petroleum's Detroit refinery have voted by an overwhelming 95 percent to authorize a strike.

Key Points: 
  • 270 Workers Demand Compensation Increases, Improved Schedules
    DETROIT, Feb. 15, 2024 /PRNewswire/ -- Workers represented by Teamsters Local 283 at Marathon Petroleum's Detroit refinery have voted by an overwhelming 95 percent to authorize a strike.
  • "If Marathon won't offer the Teamsters whose labor makes them profitable a fair contract, workers are going to withhold their labor.
  • This overwhelming strike authorization should send a clear message to Marathon that Teamsters are committed to getting what they deserve."
  • The 273 Teamsters at Marathon's Detroit refinery work in a wide variety of classifications, including board operators, field operators, chemists, laboratory technicians, electricians, and mechanics.

Nordic American Tankers Ltd (NYSE: NAT) – Founder, Chairman & CEO outlines the international reach of the NAT operations

Retrieved on: 
Thursday, February 15, 2024

The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business.

Key Points: 
  • The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business.
  • Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
  • The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
  • We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Riverbed Announces Partner of the Year Award Winners

Retrieved on: 
Thursday, February 15, 2024

The Riverbed leadership team presented the awards to winners this week at the 2024 Riverbed Partner Kickoff.

Key Points: 
  • The Riverbed leadership team presented the awards to winners this week at the 2024 Riverbed Partner Kickoff.
  • LinkedIn: Riverbed announces Partner of the Year Award winners: https://rvbd.ly/48ip8Iz
    The Riverbed Partner of the Year Award winners included: dakoServ, Datacom, Infinigate, RavenTek, Red River Technology, Softcat, Swish Data, Teneo IT Solutions and World Wide Technology.
  • The Riverbed Partner of the Year Awards celebrate the strategic role partners play in our business and our mutual success with our customers.”
    The Riverbed Partner of the Year Awards recognized partners whose achievements impact business on a strategic and regional basis.
  • The Riverbed Partner of the Year Award Winners are:
    Global Partner of the Year: World Wide Technology
    Innovation Partner of the Year: Softcat
    Systems Integrator of the Year: Datacom
    Marketing Partner of the Year: Swish Data
    Public Sector Partner of the Year: Red River Technology
    APJ Partner of the Year: Datacom
    AMS Partner of the Year: RavenTek
    EMEA Partner of the Year: dakoServ
    Renewals Partner of the Year: Teneo IT Solutions
    Riverbed’s partner ecosystem includes the world’s leading solution providers, distributors, system integrators, service providers, and technology alliances.

LambdaTest Announces Inaugural Edition of Partner Awards

Retrieved on: 
Wednesday, February 14, 2024

NOIDA, India and SAN FRANCISCO, Feb. 14, 2024 /PRNewswire/ -- LambdaTest, a leading cloud-based unified testing platform announced its inaugural edition of LambdaTest Partner Awards 2023. The awards honor partners in several categories across various geographies for their outstanding efforts and services for leveraging the LambdaTest platform for customers.

Key Points: 
  • The LambdaTest Partner Awards 2023 honor top partners globally for their pivotal role in supporting enterprise quality assurance goals and navigating the evolving software testing landscape.
  • NOIDA, India and SAN FRANCISCO, Feb. 14, 2024 /PRNewswire/ -- LambdaTest , a leading cloud-based unified testing platform announced its inaugural edition of LambdaTest Partner Awards 2023 .
  • The partners honored in this inaugural LambdaTest Partner Awards include:
    Global Partner of the Year: Accenture
    Innovation Partner of the Year: Microsoft
    Emerging Global Partner of the Year: Wipro
    Technology Partner of the Year: Katalon
    Emerging Technology Partner of the Year: Provar
    Maneesh Sharma, Chief Operating Officer at LambdaTest, commended the winners, stating, "Partners are critical to our growth, without whom we would not achieve our goal of helping customers with their Quality and Digital engineering challenges.
  • To know more about LambdaTest Partner Awards 2023, please visit - https://www.lambdatest.com/partners/partner-awards-2023