No more investments in new oil and gas fields should be sanctioned if the world is to have a shot at achieving net zero greenhouse gas (GHG) emissions by 2050, the International Energy Agency (IEA) said Tuesday. The world’s oil and gas needs in a net zero world can be met by projects greenlit as…
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Enbridge Taking Partners to Transform Canada’s Wasted Natural Gas into RNG
From a small start in Ontario, Enbridge Inc. has embarked on a Canada-wide campaign to produce renewable natural gas (RNG) on a large scale from trash rotting in waste dumps. The Calgary pipeline and gas distribution conglomerate said Wednesday it is partnering on an RNG project development partnership with waste management firm Walker Industries and…
Stricter Methane Limits Expected for Oil, Natural Gas as Senate Votes Against Trump-Era Rollback
Potentially clearing the way for stricter regulations for oil and natural gas operations, the U.S. Senate on Wednesday passed a resolution to undo the Trump administration’s rollback of methane emissions standards. By a 52-42 roll call vote divided largely along party lines, passage of Senate Joint Resolution 14 signaled disapproval under the Congressional Review Act,…
NextEra Teams Up with Opal Fuels for Minnesota RNG Project
NextEra Energy Inc. is diving into the renewable natural gas (RNG) game with plans to develop a landfill gas capture facility with fuels distributor Opal Fuels LLC. The utility, the self-described world’s largest producer of wind and solar energy, plans to work with Opal to replace an existing power generation facility with a new RNG…
Before U.S. Senate Committee, Critics Blast Biden’s Moratorium on Federal Oil, Gas Lease Sales
Oil and natural gas industry leaders and politicians railed against President Biden’s decision to freeze oil and gas lease sales on federal lands and waters through at least June during a Senate Energy and Natural Resources Committee hearing on Tuesday. Government officials, meanwhile, defended the pause as a necessary step as they review the program…
Natural Gas Said ‘Part of the Solution’ as Biden Pledges to Halve US GHG Emissions
Energy stakeholders endorsed President Biden’s strengthening of U.S. climate change commitments on Thursday, but they also stressed the importance of natural gas in achieving deep decarbonization of the economy. Biden said Thursday the United States will target a 50-52% reduction in economy-wide greenhouse gas (GHG) pollution by 2030 versus 2005 levels. The announcement, made during…
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…
Canada Matches U.S. Ambitions, Pledges to Slash Carbon Emissions Further
Prime Minister Justin Trudeau set a carbon emissions reduction target of 40-45% by 2030 for Canada, matching the goal declared Thursday by President Biden at the virtual global climate change summit. “Canada understands that if you don’t have a plan to tackle climate change, then you don’t have a plan to create jobs and economic…
EQT Looking to Lead in Certifying U.S. Natural Gas Supply
EQT Corp., the nation’s largest natural gas producer, is pushing to ensure most of its Appalachian Basin supply is responsibly sourced and marketed as the globe transitions from fossil fuels. The pilot program, set to be launched this month, is designed to certify around 4 Bcf/d gross from 200-plus well pads in Pennsylvania’s Greene and…
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.…