Energy News Beat

The leader of the Texas energy grid has joined a group of U.S. energy and utilities leaders sounding the alarm about the increased risk of blackouts during the approaching winter months.

According to the Houston Chronicle’s James Osborne, Pablo Vegas, the Electric Relability Council of Texas’ CEO, said at an event hosted by the trade group U.S. Energy Association that investors aren’t putting enough capital into developing natural gas pipelines, transmission lines and other power grid infrastructure.

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(WO) − Shell Offshore Inc., a subsidiary of Shell plc, has acquired the 20% Working Interest (WI) of MOEX North America LLC, a 100% subsidiary of Mitsui & Co., Ltd., in the Kaikias field in the U.S. Gulf of Mexico. Shell now has 100% WI and remains the operator.

The Kaikias field in the U.S. Gulf of Mexico is a deep-water project that uses a subsea tieback to the nearby Ursa production hub. Shell discovered the Kaikias field in 2014. The field is located in the prolific Mars-Ursa basin, approximately 130 miles from the Louisiana coast. Production began in May 2018

“Since its discovery, the Kaikias field has been a productive investment,” said Rich Howe, Shell’s Executive Vice President for Deep Water. “By increasing Shell’s working interest in the field, we are creating options for our future as the leading producer in the U.S. Gulf of Mexico.”

This investment underscores Shell’s long-term commitment to the U.S. Gulf of Mexico, where production is essential to ensuring a reliable and secure supply of energy. Additionally, production in the U.S. Gulf of Mexico has among the lowest greenhouse gas (GHG) intensity for scope 1 and 2 in the world.

Source: Worldoil.com

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Under the agreement, American troops will be able to store weapons and supplies at 15 locations in Finland

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Visualizing the Demand for Battery Raw Materials

Metals play a pivotal role in the energy transition, as EVs and energy storage systems rely on batteries, which, in turn, require metals.

This graphic, sponsored by Wood Mackenzie, forecasts raw material demand from batteries. It presents a base case scenario that incorporates the evolution of current policies, indicating a global temperature rise of 2.5°C by 2100. Additionally, it explores an accelerated (AET) scenario, where the world aims to limit the rise in global temperatures to 1.5°C by the end of this century.

Growing Demand for Metals in an Accelerated Scenario

Lithium is a crucial material in high-energy-density rechargeable lithium-ion batteries.

The lithium fueling electric vehicle batteries undergoes refinement from compounds sourced in salt-brine pools or hard rock and quantities are measured in terms of lithium carbonate equivalent (LCE).

According to Wood Mackenzie, by 2030, the demand for LCE is expected to be 55% higher in an AET scenario compared to the base case, and 59% higher by 2050.

Base CaseUnit202320302050

Battery demand (Li-ion and Na-ion)GWh1,1523,5778,395

Cathode active material (Li-ion and Na-ion)kt2,1326,37613,995

Lithiumkt LCE8782,3905,275

Nickelkt5961,2992,151

Cobaltkt147187228

Manganesekt2076871,491

Graphitekt1,1193,0343,748

AETUnit202320302050

Battery demand (Li-ion and Na-ion)GWh1,2505,85612,819

Cathode active material (Li-ion and Na-ion)kt2,32610,86521,149

Lithiumkt LCE9543,7018,384

Nickelkt6061,6482,629

Cobaltkt145207265

Manganesekt2251,1242,163

Graphitekt1,2205,0185,461

The demand for two other essential metals in battery production, cobalt and nickel, is expected to be 16% and 22% higher, respectively, in 2050 in the AET scenario compared to the base case.

Given that graphite is the primary anode material for an EV battery, it also represents the largest component by weight in the average EV. The demand for graphite in an AET scenario is anticipated to be 46% higher than in a base case scenario.

Battery Materials Supply Chain

According to Wood Mackenzie data, an accelerated energy transition would require much more capital within a short timeframe for developing the battery raw materials supply chain – from mines through to refineries and cell production facilities.

Increased participation from Original Equipment Manufacturers (OEMs) will be necessary, risking EV sales penetration rates remaining below 15% in the medium term, in contrast to approximately 40% in the total market under an AET scenario.

In addition, finding alternative sources of metals, including using secondary supply through recycling, is another option available to the industry.

However, as noted in Wood Mackenzie’s research, current EV sales are too low to generate a sufficiently large scrap pool to create any meaningful new source of supply by 2030.

Access insights on the entire battery industry supply chain with Electric Vehicle & Battery Supply Chain Service by Wood Mackenzie.

The post Visualizing the Demand for Battery Raw Materials appeared first on Elements by Visual Capitalist.

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Bloomberg had earlier reported that Moscow may stop supplies to the US before Washington issues a ban

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Agreements were signed with 30 African universities during the Africa Seeks Solutions congress in St. Petersburg

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The following story is the third in a series produced in collaboration with KAXE/KBXE, an independent, nonprofit community radio station that tells the stories of northern Minnesota.

A Minnesota taconite mining company and its electric utility are seeking federal funding for a demonstration project aimed at slashing diesel fuel use and greenhouse gas emissions.

After an unsuccessful attempt to secure money this spring from the state Legislature, U.S. Steel and Minnesota Power have applied for a U.S. Department of Energy grant in hopes of kickstarting the project, which seeks to test a system to partially power mining trucks with electricity.

Once loaded, the enormous vehicles would connect to overhead power lines for the steepest part of their climb from the open pit mine. Running on electricity for that portion could reduce diesel fuel use by 70% per trip, according to the companies’ presentation to legislators earlier this year.

That also means a dramatic reduction in greenhouse gas emissions. A new Minnesota law requires power companies to only sell clean electricity by 2040, a target that Minnesota Power is making progress toward. If powered by carbon-free electricity, one mine trolley in the U.S. Steel demonstration project would equate to replacing 520 gas-powered vehicles with electric on Minnesota’s roads, each year.

David Chura, manager of emerging initiatives for Minnesota Power’s parent company ALLETE, said the pilot project would provide insight into whether trolley systems could be scaled across the industry. The steel industry is seeing growing pressure from government, investors, and customers to lower its climate impact. U.S. Steel has committed to achieving net-zero carbon emissions by 2050.

With the corporate green energy goals of Minnesota Power and U.S. Steel in mind, Chura said exploring applications of electrification in industrial settings was a natural step.

“We developed some model mines based on characteristics of actual mines here on the on the Iron Range,” Chura said. “That really helped inform our understanding of mine truck electrification and the opportunities here.”

Chura said energy savings are site-specific, meaning it depends on the steepness of the grade, the length of the haul and other factors. But this project’s anticipated fuel savings are 1.4 million gallons of diesel each year, amounting to 14,000 metric tons of carbon emissions. With those figures, mine trolleys could be a key approach to climate-friendly practices.

“That’s a very significant reduction of emissions as well as criteria pollutants in a key area of the state,” Chura said, noting the area’s proximity to the Boundary Waters, Voyageurs National Park, and state-designated environmental justice communities.

The idea of electric-powered mining trucks isn’t new. The 1970s oil crisis prompted numerous studies exploring benefits, according to mining electrification and automation company ABB. Despite this history, adoption has been slow. But ABB, which produces mine trolley systems, said recent projects demonstrating positive impacts show demand is on the rise. This includes in an open pit copper mine in Sweden operated by mining company Boliden.

Battery-powered electric mining trucks — which wouldn’t require hitching to a trolley line for hauling — are also moving closer to viability. In 2022, Caterpillar announced it successfully demonstrated a prototype of its first battery-powered truck at the company’s Tuscon, Arizona, proving grounds. The facility is set up to test sustainable solutions mining companies can use in their operations, offering firsthand experience with what it takes to run an electrified mining site.

Other types of clean fuel options are emerging, too. According to Caterpillar, green hydrogen production, fuel cell power generation and energy storage systems are all part of the equation.

“The site will also leverage a variety of renewable power sources, including wind, solar and hydrogen, capable of powering the facility and its products as they become electrified,” a news release stated. “The transformation of the facility will also serve as a learning platform for optimizing charging and energy management integration.”

The project in Minnesota would focus on converting existing trucks that operate on a diesel-electric hybrid system, similar to rail locomotives. Chura says some of these trucks, which have electric motors on each wheel, are already in use on the Iron Range.

Converting a truck to utilize overhead power lines to run the motors costs about $1.1 million, according to a presentation prepared for the Minnesota Legislature. The infrastructure costs would run $5 million-$8 million per mile, according to Chura. But the lines would be installed on the steepest parts of the trucks’ route, where the diesel engine works the hardest, resulting in substantial fuel savings.

“Just as the state has helped incentivize residential and commercial electric vehicle service, funding from either the state or the feds would help achieve those same benefits, but yet, at an industrial scale,” Chura said. “And those benefits really benefit all taxpayers.”

Bills were introduced in the state House and Senate this year to provide a $10 million grant, but they didn’t make it out of committee.

John Arbogast, District 11 staff representative for the United Steelworkers, testified in committee on behalf of the bill.

“Even some of the people that you thought might have been opposed to it were like, ‘Holy cow, is this interesting,’” Arbogast said.

Arbogast spent 26 years working at U.S. Steel’s MinnTac mine in Mountain Iron and is now the co-chair of the Iron Ore Alliance, a partnership between U.S. Steel and the United Steelworkers. He said environmental policy issues are one subject on which the union and the company often find agreement.

The trolley system would also increase the speed of the trucks as they travel up the incline, an aspect Arbogast said he thinks will appeal to the mining truck drivers.

“I think our members, the men and women who drive the trucks, will really like that,” he said. “Because they’re really good at what they do, and they have a lot of pride in hauling the ore to the crusher and getting as many loads as they can in their 12-hour shifts.”

Chura noted that the faster speeds mean a site could potentially get by with fewer trucks, which can cost millions of dollars each.

State Sen. Grant Hauschild, DFL-Hermantown, was chief author of the bill. He said he’s committed to fighting for the project into the future as part of an overall approach to a cleaner energy economy.

“Our mines are a critical part of that effort, and so why don’t we look for opportunities to move towards a cleaner industry, while also providing the very minerals and resources that we need in order to transition?” Hauschild said. “I think it’s a really a perfect putting-together of the puzzle pieces that make our region so strong and vital.”

The project partners turned their sights toward the federal government, applying for funds through the Department of Energy’s Office of Clean Energy Demonstrations. About $6 billion will fund projects aimed at reducing emissions in industrial subsectors, with award announcements expected early next year.

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An effort led by Chicago’s Blacks in Green has been recommended for $12.5 million in renewable energy credits to help develop three community solar projects to benefit underresourced communities.

The three projects totaling 9 MW are valued at $25.7 million and will be developed by the Green Energy Justice Cooperative, a project launched by Blacks in Green and other partners, to benefit Black, Brown and low and moderate-income subscribers in and around Aurora, Naperville, and Romeoville, Illinois. The Illinois Power Agency ranked the projects first, second and fourth among proposals vying for renewable energy credits in the Illinois Shines competition.

Naomi Davis, founder and CEO of Blacks in Green, says the recognition is the culmination of a long effort to ensure energy independence for her community.

“The importance of the industry was made very, very clear to me and others right from the start,” she said. “The opportunity was presenting itself with renewable energy credits that Blacks in Green and others had fought for, for over a decade to really build out the toolkit for the renewable energy industry in Illinois.”

“We’re delighted to partner with Blacks in Green to help create new sources of renewable energy in Aurora and Romeoville through the Green Energy Justice Co-op,” said Vibhu Kaushik, senior vice president and global head of energy, utilities, and storage at Prologis in a news release. “As a member of the local business community, Prologis is focused on working with our customers, local governments, and local partners like Blacks in Green to help create a vibrant and sustainable economy.”

Launched in 2022, the Green Energy Justice Cooperative, or GEJC, strives to provide low-income communities of color with the economic and political power of owning energy generation. It coordinates the efforts of organizations that have been working toward economically and racially just ownership of local clean energy and related energy justice issues in the Chicago area for decades.

Davis founded the Green Energy Justice Cooperative along with these board members:

Anton Seals, Grow Greater Englewood
Cheryl Johnson, People for Community Recovery
Olga Bautista, Southeast Environmental Task Force
Patricia Eggleston – Treasurer, Imani Village
Tony Pierce – Vice President, Community Transformation Ministries, Sun Bright Energy LLC and Community Transformation Partnership Power (CTP-Power)
Kendrick Hall – Secretary and alternate for Cheryl Johnson, People for Community Recovery

The co-op also receives support and advice from Claretian Associates, North Lawndale Employment Network, Chicago Environmental Justice Network, Urban Juncture and Greenleaf Advisors.

“This is a tremendous win for Chicago and further highlights why collective action works,” said Anton Seals, Jr., GEJC board member and Lead Steward (executive director) of Grow Greater Englewood, in a news release. “Our communities need work and opportunities to support the brilliance and creativity to build a new economy that centers new concepts for commerce and energy in Black communities across the globe.”

Co-op member organizations, both individually and collectively, have sought to implement community-based solar since the passage of Illinois’ Climate and Equitable Jobs Act in 2021 that set ambitious goals for the equitable transformation of the state’s energy portfolio by 2050. Davis deliberately chose and invited members of the co-op to work alongside Blacks in Green to ensure maximum collaboration and productivity.

“A cooperative is a democratically operated business entity. So, I was looking for people, number one, who I knew to be highly productive organizations; number two, whom I enjoyed being with and around and communicating with; [and] number three, that I trusted in a business context,” Davis said.

“I was not going to go shopping for a headache,” Davis continued. “I was going to go shopping for the very most collegial, effective, enjoyable people to be a part of the founding board.”

Blacks in Green’s Green Energy Justice Cooperative team is pictured at the Chicago Urban League Summit in May, 2023. From left: Wasiu Adesope, Nuri Madina, David Yocca, Naomi Davis, Mark Burger and Dennis Walker. Credit: Blacks in Green

Renters, condominium owners, and homeowners unable to install solar will be co-owners of the solar co-op and accompanying profit sharing, and will have a voice in management. The co-op will also provide workforce training and capacity development, and present residents with a hands-on opportunity to help create an equitable clean energy transition that protects the environment in their own communities.

“This will ensure that the projects are completed and thereby demonstrate the power of solar sovereignty for ownership and wealth building by Blacks in distressed Black communities,” said Rev. Tony Pierce, GEJC board member and CEO of Sun Bright Energy, in a news release.

The co-op’s success in the Illinois Shines competition brings it one step closer to delivering the benefits of the burgeoning clean energy transition in Illinois to underserved and marginalized communities, which have suffered the double whammy of disinvestment and disproportionate detrimental impact of the effects of climate change.

“Given that many environmental justice communities like mine, in the far Southeast Side of Chicago, bear the brunt of climate change, this is a great opportunity to begin to undo and heal our communities from that harm,” said Olga Bautista, GEJC board member and co-executive director of the Southeast Environmental Task Force, in a news release.

GEJC is also supported by partners at Cooperative Energy Futures, a Minnesota-based member-owned clean energy cooperative that has developed similar models of equitable community ownership of solar projects.

“We’re really excited to be supporting GEJC in bringing community-owned solar to GEJC’s local communities in Illinois,” said Cooperative Energy Futures General Manager Timothy DenHerder-Thomas in a news release. “Through our co-op in Minnesota, we’ve seen the power of this model in uniting communities around a clean energy future that works for renters and low-income households and makes sure local residents own and get the benefits too.”

The three GEJC community solar projects selected by the Illinois Power Agency will be presented to the Illinois Commerce Commission, the Illinois public utility regulatory body, in January 2024 for final approval for renewable energy credit contracts.

While this award represents a substantial win, it only represents one piece of ongoing work for Blacks in Green, whose mission Davis sums up as the establishment of a “walk to work, walk to shop, walk to learn, walk to play village, where African Americans own the businesses, own the land, and live the conservation lifestyle.”

“We are determined to expand our clean energy businesses.” Davis said. “That means we’re working to get funding so that we can work closely with our neighbors to educate, engage, train, mobilize, finance, and otherwise support ourselves in the design and implementation of local living economies in energy, horticulture, housing, tourism, and waste.

“We are here to, for example, decarbonize all of the buildings in our Sustainable Square Mile of West Woodlawn. And that’s no small feat to decarbonize the walkable village at scale,” Davis continued, saying that residents need to undertake weatherization measures and other costs before taking full advantage of clean energy technology.

Blacks in Green’s mission also includes work on a virtual power plant and clean energy microgrid, affordable energy legislation, and geothermal power.

“So, we’re on the ground taking all of the access points to, along the way to creating a triumph for ourselves in the tradition of our great migration ancestors,” Davis said.

And while she recognizes the importance and even necessity of philanthropy, Davis has no intention of relying solely on donors.

“We are looking to be our own emergency management system. At the end of the day when the ‘you know what’ hits the fan, we want our communities, our walkable villages to be ready not only because they have greater health and wealth, but because they have been in the process of creating an oasis of resilience against the harms of the climate crisis” Davis said. “That’s what we’re here to do.”

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The following story is the fourth in a series produced in collaboration with KAXE/KBXE, an independent, nonprofit community radio station that tells the stories of northern Minnesota.

A Hoyt Lakes native leading a regional hydrogen partnership says the emerging fuel source could someday help make Minnesota’s Iron Range a leader in the production of green steel.

“Yes, certainly it has great potential,” said Tom Erickson, president and chief operating officer of the Heartland Hydrogen Hub, one of seven regional projects recently funded by the U.S. Department of Energy to kickstart hydrogen fuel production. “The first obvious use of hydrogen within the taconite (mining) industry is just to produce electricity.”

The federal government is investing billions to develop regional hydrogen production hubs, intended to spur the infrastructure needed to increase the supply and lower the cost enough to make it commercially viable.

Hydrogen emits only water vapor and warm air when burned, but it’s typically produced from natural gas in a process that creates high greenhouse gas emissions. The Heartland Hydrogen Hub will use renewable energy and nuclear power to try to reduce the climate impact, as well as the price tag.

The initial focus will be on supplying hydrogen for ammonia fertilizer, but Erickson said the same output could also replace more carbon-intensive fuels used to heat and power taconite mining operations on the Iron Range.

“That industry uses a lot of natural gas for heat and thermal systems, for producing the pellets,” Erickson said. “You’d have to design (the systems) quite a bit differently, but you could certainly add some hydrogen power to that and decrease the emissions from that standpoint.”

The most abundant element in the universe, hydrogen has historically been difficult to harness into energy. The Hindenburg Disaster of 1937 is an infamous example that demonstrates hydrogen’s explosive qualities.

“You can’t mine it. You can’t stick a pipe in the ground, then bring hydrogen up. You have to produce it from something else. It’s the smallest molecule, the hardest one to trap,” Erickson explained. “It’s the hardest one to move around once you’ve produced it, so we have some things that we need to get over and get behind coming up with new innovative ideas to really bring the costs down.”

Most commercial hydrogen is produced today by separating the hydrogen atoms from methane under high heat and pressure, with many industrial facilities using natural gas as the methane source. This method produces hydrogen, carbon monoxide and a relatively small amount of carbon dioxide.

Electrolysis splits hydrogen from water using an electric current. This method does not create any byproducts or emissions other than oxygen and hydrogen. It is the primary focus of the Department of Energy’s investment into hydrogen energy.

The Heartland Hydrogen Hub’s projects are expected to reduce carbon emissions by roughly 1 million metric tons per year, the equivalent of 220,000 gasoline-powered cars.

Erickson — who is also the director of exploratory research at University of North Dakota — said infrastructure for hydrogen’s use on a wider scale is in the future.

“Shipping — whether it’s trains or whether it’s ships moving large quantities of oil around — they are even bigger targets,” he said. “Maybe even a little bit easier targets for application of the hydrogen fuel.”

Erickson, whose grandfather and numerous other relatives worked in the taconite mines on the Iron Range, said technology to produce higher quality taconite pellets has been studied in Keewatin, where U.S. Steel plans to invest $150 million in a new higher-grade taconite plant.

“Folks on the Range have looked at (higher grade taconite pellets) produced from natural gas, from coal derived gases and of course from hydrogen,” Erickson said.

The Heartland Hydrogen Hub is currently in the concept development phase, and Erickson said he is excited for the advancing technology in energy for the future.

“What I’m most excited about is to start to see larger scale production of hydrogen,” he said. “Once we start producing it, we can start to find other ways to utilize the things that advantages society, different ways that we can manipulate the molecule …. to provide clean, reliable and sustainable energy.”

Steel is made using a lot of heat, and coal-powered blast furnaces are still used for 57% of global steelmaking capacity. That’s a decrease from the year before, when 67% of the world’s steel capacity was made using blast furnaces — marking a shift toward electric arc furnace technology worldwide.

The Iron Range supplies three-fourths of the country’s iron ore, from which steel is made. Steelmakers such as U.S. Steel and Cleveland-Cliffs, which own the mining operations on the Iron Range, are seeing growing pressure from governments, investors, and customers to reduce their climate emissions. It’s not just the potential for future environmental regulations. More companies are willing to pay a premium for steel that comes with a smaller carbon footprint.

Cutting emissions from mining and other heavy industry is expected to be a bigger challenge than cleaning up cars or power plants. That’s because of the need to power massive furnaces and other equipment for which electric alternatives aren’t widely available.

These factors are leading many manufacturers to be interested in the potential of hydrogen fuel. Cleveland-Cliffs, which owns and operates Hibbing Taconite, has already committed to funding a hydrogen power project at its Toledo plant. Without any modification to the plant, the company says it could replace up to 30% of natural gas consumption with hydrogen. And with equipment upgrades and other investments, this number could rise to 70%, accounting for 1 million metric tons of greenhouse gases each year.

Cleveland-Cliffs is also part of a federally funded hydrogen hub based in northern Indiana. In October, the company was recognized by the U.S. Department of Energy for cutting its greenhouse gas emissions by more than one-third.

The company didn’t respond to requests for comment on what its emission-cutting efforts might mean for northern Minnesota, but researcher Rolf Weberg said the state’s mining industry is well-positioned to make use of hydrogen fuel.

“It turns out that Minnesota is by far highly competitive for making green iron and steel, beyond other states in the country,” said Weberg, the executive director of University of Minnesota-Duluth’s Natural Resource Research Institute. “We have essentially all of the resources, including infrastructure for future energy and access to water. All the things you need to have for a hydrogen-based approach to preparing green iron and steel.”

With the future of hydrogen energy, Weberg said conversations with stakeholders are only just beginning.

“Minnesota industry has been investing to prepare for this,” Weberg said. “It’s an exciting opportunity for Minnesota to embrace, and the conversation is just started. This is an opportunity to really lead the charge in this area, and also do it in tandem with green hydrogen and green steel.”

The post Green hydrogen could make Minnesota a leader in climate-friendly steel  appeared first on Energy News Beat.

 

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Oil and Gas 360

Dec 14, 2023 -TULSA, Okla. – On December 13, 2023, Unit Corporation (OTCQX: UNTC) (Company) completed the previously announced sale of certain non-core oil and gas assets in the Texas Panhandle (the “Divested Assets”) to a third party for net cash proceeds received at closing of $50 million, subject to customary post-closing adjustments pursuant to the terms of the purchase and sale agreement.

The proceeds from the sale will be used to fund the Company’s previously announced conditional special cash dividend of $5.00 per share of common stock to be paid on December 27, 2023, to shareholders of record as of the close of business on December 18, 2023.

The Divested Assets consist of approximately 51,000 net acres in the Texas Panhandle held by the Company’s wholly owned subsidiary, Unit Petroleum Company (UPC). UPC is retaining its core Granite Wash properties located in Roberts and Hemphill Counties, Texas.

Phil Frohlich, the Company’s Chief Executive Officer, stated, “This transaction is a great example of our strategy to prune our non-core assets and return value to our shareholders.”

About Unit Corporation

Unit Corporation is a Tulsa-based, publicly held energy company engaged through its wholly-owned subsidiaries in oil and gas production and contract drilling. For more information about Unit Corporation, visit its website at http://www.unitcorp.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. All statements, other than statements of historical facts, included in this release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur are forward-looking statements. Several risks and uncertainties could cause actual results to differ materially from these statements, including changes in commodity prices, the productive capabilities of the Company’s wells, future demand for oil and natural gas, future drilling rig utilization and dayrates, projected rate of the Company’s oil and natural gas production, the amount available to the Company for borrowings, its anticipated borrowing needs under its credit agreements, the number of wells to be drilled by the Company’s oil and natural gas segment, the potential productive capability of its prospective plays, and other factors described occasionally in the Company’s publicly available OTC and SEC reports. The Company assumes no obligation to update publicly such forward-looking statements, whether because of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231214798480/en/

Rene Punch

Investor Relations

(918) 493-7700

www.unitcorp.com

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