** Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.
** A liftboat leaving Louisiana for an offshore oil and gas hub capsizes, leaving one person dead and 12 still missing.
** Pioneer Natural Resources CEO Scott Sheffield told Bloomberg he sees oil rising $5 to $10 in the next few weeks as he is optimistic about the oil market.
** Chevron Corporation CVX through its subsidiary Chevron Technology Ventures LLC along with Norway’s Moreld Ocean Wind recently decided to invest in Oakland-based Ocergy Inc.’s floating offshore wind turbine technology. With this deal, Chevron Technology Ventures is making its maiden investment in offshore wind.
** Facebook says it has reached its target to power its global operations entirely on renewable energy, though it fell shy of its end of 2020 deadline.
** A coalition of conservation groups, American Rivers, National Audubon Society, Sierra Club and Health Gulf is suing the U.S. Army Corps of Engineers over a massive flood-control project in the south Mississippi Delta they say was hastily approved in the final days of the Trump administration.
** About 7,500 jobs lost in Louisiana’s oil and gas industry during the coronavirus pandemic haven’t come back despite a rebound in world oil prices.
** South Korean electric vehicle battery maker LG Energy Solution will build a second factory in Tennessee with General Motors.
** In next week’s climate change summit, President Joe Biden intends to commit to cutting U.S. greenhouse gas emissions to at least half of 2005 levels by 2030 and to secure deals with allies for faster reductions on their parts, as well, according to two sources familiar with the matter according to Morning Consult.
** President Biden plans to tap Tracy Stone-Manning to serve as director of the Bureau of Land Management, according to a person familiar with the selection process. Stone-Manning is a senior adviser for conservation policy at the National Wildlife Federation and has previously worked in the offices of Montana lawmakers.
