Andrew Baker

The North American Energy Standards Board (NAESB) has unanimously approved an initiative to improve coordination between the natural gas and electric markets in response to Winter Storm Uri in February. The cold snap caused widespread power outages and shut-in oil and gas production across the south-central United States. Gas-fired generation accounted for 58% of all…

TC Energy Corp. expects North American natural gas demand to grow 25% by 2030, a top pipeline executive told investors earlier this month. Demand would mainly be driven by coal-to-gas switching in the power sector and global demand for liquefied natural gas (LNG), TC’s Tracy Robinson, president of the Canada natural gas pipelines unit, said…

ExxonMobil is targeting net zero Scope 1 and 2 greenhouse gas emissions from its operated Permian Basin assets by 2030, the company said Monday. The Irving, TX-based supermajor was producing 500,000 boe/d in the Permian at the end of the third quarter, accounting for more than 40% of the company’s U.S. net production. ExxonMobil plans…

NOLA Oil Terminal LLC has begun construction on the first phase of a $930 million oil and refined products terminal on the Mississippi River in Plaquemines Parish, LA. “NOLA Oil Terminal will be the first of its kind in the region, allowing Mississippi River access for much larger vessels, such as the New-Panamax and the…

President Biden on Wednesday signed a sweeping executive order (EO) to put the federal government on a path to consuming 100% carbon pollution-free electricity on a net annual basis by 2030. The EO also directs the government to buy 100% zero-emission vehicles by 2035. The EO does not close the door to fossil fuel power…

ConocoPhillips is targeting full-year capital expenditures (capex) of around $7.2 billion in 2022, up from the $5.3 billion forecast for 2021, according to preliminary guidance. The Houston-based exploration and production (E&P) giant said about 60% of the spend “will be directed to the Lower 48 for short-cycle investment across the company’s extensive, high-quality unconventional asset…

Former Parsley Energy Inc. CEO Bryan Sheffield has acquired a roughly 7.4% stake in Australian natural gas explorer Tamboran Resources Ltd. Founded in 2009, Tamboran styles itself as “a natural gas company that intends to play a  constructive role in the global energy transition towards a lower carbon future.” The producer develops unconventional natural gas…

ExxonMobil is targeting net zero Scope 1 and 2 greenhouse gas emissions from its operated Permian Basin assets by 2030, the company said Monday. The Irving, TX-based supermajor was producing 500,000 boe/d in the Permian at the end of the third quarter, accounting for more than 40% of the company’s U.S. net production. ExxonMobil plans…

Policies and regulations in the U.S. oil and natural gas patch, led by Texas, are viewed as substantially more favorable to investment than in Canada, according to the latest survey by the Fraser Institute. The 2021 Canada-US Energy Sector Competitiveness Survey by the Vancouver-based think tank asked 71 senior executives in the petroleum sector to…