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Valero Makes Case for U.S. Carbon Tax as Renewable Diesel, CCS Options Grow

Valero Makes Case for U.S. Carbon Tax as Renewable Diesel, CCS Options Grow

Valero Energy Corp., whose renewable fuels arm is expanding, signaled Thursday that the most efficient way to reduce U.S. emissions could be via a carbon tax. The San Antonio-based global refining giant’s management team shared a microphone to discuss first quarter performance and the outlook for the year. Valero has plenty of skin in the…

April 22, 2021
Foothills Exploration Views Natural Gas as ‘Integral,’ but Energy Transition Projects Also Key

Foothills Exploration Views Natural Gas as ‘Integral,’ but Energy Transition Projects Also Key

California-based oil and gas explorer Foothills Exploration Inc. is forming New Energy Ventures LLC to participate in the transitioning energy sector.  The main focus of the new subsidiary is on alternative power generation and oilfield applications. According to Foothills, New Energy Ventures plans to partner with management teams to develop sustainable and low-carbon technologies. The…

April 8, 2021
API Calls for Carbon Price in Sweeping Oil, Natural Gas Climate Plan

API Calls for Carbon Price in Sweeping Oil, Natural Gas Climate Plan

The American Petroleum Institute (API) on Thursday unveiled a five-point policy framework for tackling climate change while ensuring U.S. energy needs are met, including an economy-wide price on carbon emissions. The endorsement marked a seismic shift for the oil and gas group, which has lobbied against past attempts to impose carbon pricing in the United…

March 25, 2021
Energy Operators Eyeing Myriad Blue and Green Hydrogen Opportunities

Energy Operators Eyeing Myriad Blue and Green Hydrogen Opportunities

Anybody hear about hydrogen’s potential in the energy transition? A better question: has anyone not heard about the potential for the ancient element to upend the oil and gas complex? Hydrogen in all its myriad colors has become omnipresent in every conversation about the energy transition. Oil and gas operators of all shapes and sizes…

March 25, 2021
Carbon Capture Said Key to California Climate Goals

Carbon Capture Said Key to California Climate Goals

To achieve carbon neutrality by 2045, California needs to embrace carbon capture and storage (CCS), according to a study by the Lawrence Livermore National Laboratory (LLNL). Researchers urged the state to develop 10 CCS projects covering capture, transport and storage that would store 125 million tons/year of carbon dioxide (CO2). LLNL’s work dovetails with a…

March 18, 2021
Gulf Coast Sequestration Takes ‘Significant Step’ Toward Massive Carbon Capture Project

Gulf Coast Sequestration Takes ‘Significant Step’ Toward Massive Carbon Capture Project

Gulf Coast Sequestration (GCS), a Lake Charles, LA-based company created to partner with industrial customers to capture and contain carbon dioxide (CO2) underground, said this week it launched the process to obtain U.S. Environmental Protection Agency (EPA) approval. The initial step involved filing a detailed technical submission to delineate its Area of Review – an…

October 15, 2020

Three Western States, Saskatchewan Collaborate on Carbon Capture Research

Montana, North Dakota, Wyoming and the the Canadian province of Saskatchewan province signed an agreement Friday to combine their efforts in carbon capture, utilization and storage (CCUS) research that is critical to their individual oil and natural gas producing jurisdictions.

December 4, 2017