carbon capture

A Momentum Midstream LLC affiliate has joined two natural gas pipeline operators in accusing Energy Transfer LP of upending industry practices for pipeline crossings in Louisiana, which they said threatens to stall development of the Haynesville Shale and growth of LNG exports. New Generation Gas Gathering (NG3) LLC, a Momentum affiliate, said its $1.6 billion…

Oil and natural gas investments in decarbonization so far have largely focused on curbing individual Scope 1 and 2 emissions, according to a new analysis by Deloitte. Operators “are increasingly exploring clean energy avenues,” said authors Amy Chronis, Kate Hardin and Anshu Mittal in Deloitte’s 2024 Oil & Gas Industry Outlook. “However, their direct spending…

Demand is surging for natural gas pipeline and storage capacity in North America, and as a purveyor of both, that’s good news for Kinder Morgan Inc. (KMI), CEO Kim Dang said Thursday. Dang, a KMI veteran who took over the top job this year, said there are “a lot of fantastic tailwinds” for the company…

Projects to reduce carbon emissions got no respect from the oil and gas industry for years, but that’s in the past, as investments in biofuels and carbon capture are becoming a revenue stream, ExxonMobil CEO Darren Woods said Wednesday. Woods and CFO Kathy Mikells spent an hour discussing the integrated major’s strategy in the near…

Natural gas investment would continue even in a future scenario where all nations meet their emissions reduction pledges, the International Energy Agency (IEA) said in a new report on the role of oil and gas companies in a changing energy landscape. The report, titled “The Oil and Gas Industry in Net Zero Transitions,” was peer…

Pulling carbon emissions from the atmosphere using direct air capture (DAC) is a golden opportunity for oil and natural gas operators, and is likely going to play a bigger role in Occidental Petroleum Corp.’s future, according to CEO Vicki Hollub.  The Houston-based independent, better known as Oxy, has won substantial financial support for the move…

Occidental Petroleum Corp., which has drawn the support of Warren Buffett to reduce carbon emissions from natural gas and oil operations, agreed to go all in on direct air capture (DAC) technology through a $1.1 billion deal to buy out technology pioneer Carbon Engineering Inc. Houston-based Oxy, as it is better known, said subsidiary 1PointFive…

Dallas-based EnLink Midstream LLC is primed to build its Lower 48 oil and natural gas gathering and transportation business, with an eye on expanding opportunities for carbon capture and storage (CCS), the CEO said Wednesday. During a wide-ranging call to share second quarter results, CEO Jesse Arenivas laid out the company’s long-term plans. Anchored by…

Supporters of carbon capture and storage (CCS) have accelerated a campaign for government support with an open letter to leaders in Canada, the UK and the United States.  “The world can’t afford to ignore CCS as a key tool in fighting climate change, along with energy efficiency and greater electrification,” said the letter from industry…