Zefiro Methane Corp., which plugs orphaned and abandoned oil and gas wells in North America to create carbon credits, has pre-sold some of the portfolio to trader Mercuria Energy America LLC. Zefiro’s current projects include plugging abandoned or orphaned wells in the Appalachian Basin and Texas-Louisiana-Mississippi Salt Basins. “For too long, investors have not had…
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ExxonMobil Gains First-of-Its-Kind Federal OK to Bury CO2 in Wyoming
ExxonMobil has been given the green light by federal officials to sequester carbon emissions deep underground in Wyoming, the first project of its kind to gain approval on federal lands. The Department of Interior’s Bureau of Land Management (BLM) approved the sequestration project in Lincoln and Sweetwater counties. A carbon dioxide (CO2) disposal well pad…
ExxonMobil, Chevron Investors Green Light Some Improved Climate Disclosures
Shareholders made demands mostly around reducing carbon emissions, but the fireworks that lit up annual meetings last year were missing for ExxonMobil and Chevron Corp. Investors overall stuck with board recommendations at the two events in late May. However, there was more support for increased climate disclosures. At the ExxonMobil annual meeting last week, 52%…
API Working to Ensure Federal Natural Gas, Oil Leasing Continues, Emissions Drop
To ensure the United States holds its mantle as a top natural gas and oil producer, the American Petroleum Institute (API) plans to push for continued access to federal leasing and advocate that producers advance their work to reduce carbon emissions.
Chevron, Caterpillar and BNSF Eyeing Hydrogen-Fueled Locomotive Pilot
A pilot project to demonstrate hydrogen fueling for railway systems is being advanced in a collaboration between units of Chevron Corp., BNSF Railway Co. and Caterpillar Inc. A memorandum of understanding (MOU) to advance the project was clinched by Chevron U.S.A. Inc, BNSF and Caterpillar’s Progress Rail. The demonstration project is designed to “confirm the…