Decarbonization

Brattle Offers Energy Transition Pathway for Natural Gas Utilities

Brattle Offers Energy Transition Pathway for Natural Gas Utilities

Natural gas utilities can navigate the energy transition by following a three-step action plan, according to economists with management consulting firm The Brattle Group. “Increased coordination among stakeholders — especially between gas and electric utilities, and between gas utilities and technology providers — is needed to ensure decarbonization is achieved in the most cost-effective way…

November 29, 2021
Energy Trader Gunvor Locks in LNG Vessels to Advance Climate Goals

Energy Trader Gunvor Locks in LNG Vessels to Advance Climate Goals

Gunvor Group Ltd. has agreed to employ four newbuild liquefied natural gas (LNG) carriers as the trading house looks to cut emissions tied to its operations.  Subsidiary Clearlake Shipping is securing long-term time charters with Monaco-based shipowner Celsius Tankers. Celsius expects to take delivery of the new vessels from Samsung Heavy Industries Co. Ltd. (SHI)…

October 27, 2021
Stonepeak Expanding Natural Gas Reach by Taking Teekay LNG Private in $6.2B Deal

Stonepeak Expanding Natural Gas Reach by Taking Teekay LNG Private in $6.2B Deal

Private investment firm Stonepeak Infrastructure Partners is expanding its reach in the liquefied natural gas (LNG) shipping space with the takeover of Teekay LNG in a transaction valued at $6.2 billion. The deal announced Monday would give New York-based Stonepeak access to the third-largest LNG carrier fleet in the world. Teekay owns or has stakes…

October 4, 2021
Decarbonization Costs Squeeze LNG Suppliers

Decarbonization Costs Squeeze LNG Suppliers

Suppliers of liquefied natural gas (LNG) are under increasing pressure to lower the carbon footprints of their cargoes. But the question of who pays for the costs of decarbonization is a tricky one, Poten & Partners analysts said Wednesday. With more LNG supply expected to come online by the middle of the decade, sellers are…

September 30, 2021
Williams, Ørsted Exploring Hydrogen, Synthetic Natural Gas in Wyoming

Williams, Ørsted Exploring Hydrogen, Synthetic Natural Gas in Wyoming

U.S. midstream giant Williams has partnered with Denmark’s Ørsted A/S to co-develop hydrogen or synthetic natural gas facilities powered by renewable energy. The companies signed a memorandum of understanding (MOU) to identify ways to leverage Ørsted’s renewables and hydrogen expertise with Williams’ natural gas infrastructure and processing experience to develop the projects. In particular, they…

September 30, 2021
Top Global Oil, Natural Gas Producers Set Bigger Targets to Cut Carbon, Methane Intensity

Top Global Oil, Natural Gas Producers Set Bigger Targets to Cut Carbon, Methane Intensity

A dozen of the world’s largest oil and natural gas producers, whose goal when they came together was to cut emissions from their upstream businesses, have increased the targets for methane and carbon to 2025. The CEO-led Oil and Gas Climate Initiative (OGCI), launched in 2014, said Tuesday it has set more stringent targets to…

September 24, 2021
Energy Capital Ventures’ $45M Fund Designed to Bolster Natural Gas Industry’s ESG Commitments

Energy Capital Ventures’ $45M Fund Designed to Bolster Natural Gas Industry’s ESG Commitments

Five natural gas utilities have committed $45 million to an Energy Capital Venture (ECV) fund to bolster digital advancements along with environmental, social and governance (ESG) strategies within the natural gas industry.  Chicago-based ECV was founded in 2020 to focus on local distribution companies and natural gas utilities with an eye on creating a more…

August 13, 2021
Oregon Ban on New Natural Gas Power Plants Supported by PGE

Oregon Ban on New Natural Gas Power Plants Supported by PGE

Oregon utility Portland General Electric Co. (PGE) is embracing a move by the state that effectively bans any new or repowered fossil fuel electric generation plants, including those powered by natural gas.  During a recent 2Q2021 earnings conference call, CEO Maria Pope said the energy transition to electrification and increased power demand fits nicely with…

August 11, 2021
National Transition to Net-Zero Emissions in ‘Early Innings,’ Says Xcel CEO

National Transition to Net-Zero Emissions in ‘Early Innings,’ Says Xcel CEO

State proposals to transition toward net-zero carbon emissions remain in the “early innings” but there are opportunities for natural gas utilities, according to Xcel Energy Inc.’s incoming CEO. COO Bob Frenzel, who is taking over as CEO for retiring Ben Fowke, discussed the energy transition recently during a 2Q2021 earnings conference call. Frenzel was quizzed…

August 10, 2021
Xcel, NRG Report Better-Than-Expected Decarbonization Results, Unveil New Goals

Xcel, NRG Report Better-Than-Expected Decarbonization Results, Unveil New Goals

Xcel Energy Inc. and NRG Energy Inc. recently reported carbon dioxide (CO2) reductions of more than 50% from baseline levels and unveiled new goals centered on electric vehicles as the utilities continue to search for ways to lower their emissions footprints. In its 16th annual sustainability report, Xcel reported a 51% CO2 reduction from electricity…

July 7, 2021
‹ Previous 1 2 3 4