It seems logical that switching over time to aviation fuel with a lower carbon footprint would represent the most practical way for the global airline industry to reduce its greenhouse gas (GHG) emissions. But for that change to happen, there needs to be an economic rationale for producing sustainable aviation fuel, and despite an apparently generous production credit for SAF in the Inflation Reduction Act (IRA), that rationale is somewhat unstable compared to renewables. Diesel Credits (RD) available today. In today’s RBN blog, we conclude our two-part series on SAF with an examination of the economics of RD and SAF…
Author: Automotivedealernews.com
Italian energy group Eni SpA is close to a deal to acquire oil and gas explorer Neptune Energy Group Ltd. for about $5 billion, according to people familiar with the matter. Eni could announce a deal as soon as this week for private equity-backed Neptune, said the people, who asked not to be identified because the discussions are private. Eni is poised to beat suitors including TotalEnergies SE for the asset, the people said. No final decision has been made and the timing of the deal could change, or the talks could still fall through, the people added. Neptune is…
Kraken AutomotiveMay 10, 2023June 21, 20230 comments Understanding Diagnostic Fees: Why Auto Repair Shops Charge and the Value They Provide When it comes to vehicle repairs, most auto repair shops will charge a diagnostic fee before they start working on your car. Some vehicle owners may question this additional expense, expecting to receive free diagnostics from the companies. In this blog post, we’ll explain why auto repair shops charge a diagnostic fee and explain why it’s reasonable and essential to maintain the integrity of the repair process. Experience and equipment: Auto repair shops are staffed by qualified technicians who…
Oil rose as traders took stock of China’s efforts to accelerate its economy and strengthening demand from Asian buyers. Prices reversed early losses and held higher after China’s vice premier was reported to have said the economy was in good shape. Later, Brent futures broke above their 50-day moving average for the first time since late April, providing fresh support for prices. “WTI crude oil prices are finally stabilizing above the $70 level as energy traders anticipate that the start of summer would keep demand steady over the coming months,” said Ed Moya, senior market analyst at Oanda Corporation. In…
Kraken AutomotiveJune 21, 2023June 21, 20230 comments4 Essential Summer Car Care Tips for Florida Vehicle Owners As the summer heat blankets the state of Florida, vehicle owners need to take extra precautions to ensure their cars stay in tip-top condition. Scorching temperatures, high humidity, and intense sunlight can affect your vehicle’s performance and overall health. To help keep your car running smoothly all summer long, we’ve compiled four essential car care tips designed specifically for Florida’s unique climate. By following these recommendations, you can avoid potential breakdowns, extend the life of your vehicle, and enjoy a carefree summer on…
Argentina began filling its new natural gas pipeline on Tuesday, marking a major infrastructure feat and a political victory that will save the country billions from energy imports amid a severe dollar shortage. Government officials and corporate leaders celebrated the filling of the pipeline, which will take about 20 days to complete. Named after former president Néstor Kirchner, the pipeline stretches 356 miles (573 kilometers) from the remote Patagonia region to Argentina’s cities and industrial centers in the east. It was developed by the state-owned Energia Argentina SA. Economy Minister Sergio Massa, who oversaw the final months of the project…
Global energy maritime logistics company ADNOC Logistics and Services has taken delivery of the newly built Very Large Crude Carrier (VLCC) Hafeet. The company said the ship is the first of four dual-engine VLCCs, which can also run on liquefied natural gas (LNG). ADNOC L&S noted that the vessels will be delivered this year to support the company’s smart growth strategy. ADNOC L&S has committed approximately $2 billion to building more environmentally efficient ships and has successfully reduced the carbon intensity of its owned fleet by more than 20 percent since 2018, the business noted. “The addition of Hafeet, the…
TotalEnergies will sell 100 GW of biomethane to Saint-Gobain France over a three-year period starting in 2024. The biomethane will be produced by TotalEnergies at its BioBéarn biomethane plant, which went into operation earlier this year and whose production is certified as sustainable by ISCC under the highest sustainability criteria of the REDII Directive of the European union. TotalEnergies said it is one of the first producers to obtain this certification in France. With the acquisition of the Guarantees of Origin, and thanks to its sustainable certification, Saint-Gobain will be able to credit, within the framework of the EU Emissions…
Fossil fuel use could fall by 65 percent by 2050 in a net-zero global emissions scenario as the world sees more use of low- and zero-emission energy sources, according to a report by the Energy Regulator of Canada (CER). Fossil fuels will still play an important role in the energy system, but most will be used in industrial facilities equipped with carbon capture technology or for non-energy uses such as asphalt, lubricants and petrochemicals, according to the report. The CER report released Tuesday, titled “Canada’s Energy Future 2023,” outlines three scenarios and uses economic and energy models to explore how…
Civitas Resources (NYSE: CIVI ) has announced that it will enter the Permian Basin through “transformational transactions.” In a statement posted on its website, the company revealed that it has signed two “definitive” agreements to acquire oil-producing assets in the Midland and Delaware basins in west Texas and New Mexico. The agreements were signed with affiliates of Hibernia Energy III LLC and Tap Rock Resources LLC for total consideration of approximately $4.7 billion, subject to customary purchase price adjustments, Civitas noted. The company said in the statement that the transactions will “fundamentally transform” Civitas into a “stronger, more balanced and…