Carbon

Chevron, Enterprise Exploring Carbon Capture Opportunities for Gulf Coast, Midcontinent

Chevron, Enterprise Exploring Carbon Capture Opportunities for Gulf Coast, Midcontinent

Chevron Corp. and Enterprise Products Partners LP are evaluating possible projects to store carbon emissions from their U.S. business operations in the Midcontinent and on the Gulf Coast. Chevron U.S.A. Inc., through its Chevron New Energies division, has a framework in place with a subsidiary of Houston-based Enterprise to evaluate opportunities to store carbon dioxide…

September 13, 2021
ExxonMobil Launches Certification Pilot with MiQ for Permian Natural Gas

ExxonMobil Launches Certification Pilot with MiQ for Permian Natural Gas

ExxonMobil is wading into the certified natural gas game, partnering with nonprofit MiQ for natural gas produced at its Poker Lake, NM, facility in the Permian Basin. About 200 MMcf/d from Poker Lake would be assessed and certified by MiQ, ExxonMobil said Tuesday. The certified natural gas, sometimes referred to as responsibly sourced gas, could…

September 7, 2021
Houston Looking to Hold Title as Nation’s Energy Capital with Low-Carbon Tech Growth, 500,000-Plus Jobs

Houston Looking to Hold Title as Nation’s Energy Capital with Low-Carbon Tech Growth, 500,000-Plus Jobs

Houston, the acknowledged energy capital of the United States, can lure substantial investments and create thousands of jobs by stepping up to lead the transition to a low-carbon future, top city leaders said this week. The Greater Houston Partnership on Tuesday unveiled a bold strategy for the fourth largest city in the country. In kicking…

June 30, 2021
Vast Majority of Power and Utility Executives Say Short on Tech Talent, Global Survey Finds

Vast Majority of Power and Utility Executives Say Short on Tech Talent, Global Survey Finds

Nine out of 10 power and utility executives say their organizations lack enough technology-savvy employees needed to keep pace with an ongoing digital revolution across the industry, the results of a 2021 global survey show. The survey, conducted for Ernst & Young LLP (EY), found that 94% of the 159 executives polled said they need…

June 7, 2021
LNG 101: How Europe’s Carbon Market Drives Demand for Natural Gas Imports

LNG 101: How Europe’s Carbon Market Drives Demand for Natural Gas Imports

European carbon prices have soared in 2021, reaching heights not seen since the continent’s emissions trading system (ETS) was established in 2005 and signaling what could be a longer-term trend across a region looking to further tighten climate regulations. Carbon prices hit a record by crossing the 50 euros per metric ton mark in early…

June 3, 2021
Modest Momentum Continues for Natural Gas Prices, with May Futures Ahead Fourth Straight Day

Modest Momentum Continues for Natural Gas Prices, with May Futures Ahead Fourth Straight Day

Natural gas futures advanced for a fourth consecutive session on Monday as a bout of chilly spring weather was forecast to sweep across large swaths of the Lower 48, likely providing a boost for demand and cash prices. The May Nymex contract settled at $2.561/MMBtu, up 3.5 cents day/day. June climbed 3.8 cents to $2.643.…

April 12, 2021
Suncor Invests in Svante to Quash CO2, Build Out Blue Hydrogen

Suncor Invests in Svante to Quash CO2, Build Out Blue Hydrogen

Suncor Energy Inc., one of Canada’s largest oilsands independents, has agreed to join a group of oil and gas heavyweights to back Svante Inc. as it works to accelerate commercializing more carbon capture technologies. The latest $25 million infusion is designed to fund technology to reduce greenhouse gas (GHG) emissions in industrial applications and to…

March 29, 2021
Canadian Carbon Tax to Climb 33% in April Following Favorable Court Ruling

Canadian Carbon Tax to Climb 33% in April Following Favorable Court Ruling

Canada’s carbon tax is set to increase on schedule in April after the country’s highest court on Thursday upheld the Trudeau government’s environmental policy. A six-judge majority on the nine-seat Supreme Court of Canada rejected provincial rights challenges against the levy by the Ontario, Alberta and Saskatchewan governments. The fossil fuel consumption tax, enacted by…

March 26, 2021
FedEx Going Electric, Aiming for Globally Carbon-Neutral Operations by 2040

FedEx Going Electric, Aiming for Globally Carbon-Neutral Operations by 2040

An ambitious goal for the world’s largest cargo airline, FedEx Corp. announced that it is aiming to achieve carbon-neutral operations globally by 2040 with a $2 billion initial investment.  This initial spending is designed to advance the company’s push for vehicle electrification, sustainable energy and carbon sequestration.  “We have a responsibility to take bold action…

March 16, 2021
Chevron Putting Priority on Carbon Reduction, with Onshore Emphasis in Permian, Duvernay and Vaca Muerta

Chevron Putting Priority on Carbon Reduction, with Onshore Emphasis in Permian, Duvernay and Vaca Muerta

Chevron Corp. CEO Michael Wirth during the annual investor meeting on Tuesday said the supermajor’s message to investors could best be summed up in four words: higher returns, lower carbon.  Wirth, together with his executive team, laid out a broad global development plan centered around increasing returns on capital employed while slicing the carbon intensity…

March 9, 2021
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