Carbon

New York environmental regulators last week announced they had denied required air permits for two proposed natural gas-fired power plants as the projects did not align with the state’s environmental goals. Department of Environmental Conservation (DEC) Commissioner Basil Seggos said the 437 MW Astoria Replacement Project and the 536 MW Danskammer Energy Center project do…

Bids to secure engineering, procurement and construction contracts for a carbon capture and storage (CCS) expansion at the LaBarge natural gas facility in Wyoming are advancing, ExxonMobil said Thursday. LaBarge to date has captured an estimated 6-7 million metric tons (mmt) of carbon dioxide (CO2), making it the largest project of its kind in the…

Chevron Corp. is aiming by 2050 to reach net-zero carbon in its equity upstream operations, with more capital set to be poured into alternative energies and improved efficiencies across the traditional global oil and natural gas businesses. The San Ramon, CA-based integrated major has adopted a net-zero pledge within 30 years for Scope 1 (direct)…

Underground carbon disposal has to increase 172-fold to hit the global greenhouse gas (GHG) cleanup target set by the International Energy Agency (IEA), according to an industry review by consulting firm Sproule Associates. The role for carbon capture, utilization and storage (CCUS) as outlined by IEA in August, spells “tremendous growth and revenue generation,” said…

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…

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…

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…

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…

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…