Decarbonization

Regional Hydrogen Hubs Grow Ahead of Federal Funding Opportunities

Regional Hydrogen Hubs Grow Ahead of Federal Funding Opportunities

Two New England states recently joined the northeastern regional hydrogen hub coalition, adding to the expanding list of agencies ready to benefit from federally funded projects.  With the addition of Rhode Island and Maine, the New York-led coalition now involves six states. Connecticut, Massachusetts and New Jersey were the first to partner with the New…

August 29, 2022
Inflation Reduction Act Seen Vastly Improving CCUS Economics for Natural Gas Power Plants

Inflation Reduction Act Seen Vastly Improving CCUS Economics for Natural Gas Power Plants

The Inflation Reduction Act of 2022 (IRA) could more than double the amount of carbon dioxide (CO2) emissions that can economically be abated via carbon capture, storage and utilization (CCUS), according to modeling by Enverus. Natural gas-fired power plants, oil refineries and upgraders, as well as cement production, are among the emitting sources that would…

August 29, 2022
Canada, Germany Advancing Energy Cooperation Agreement to Hammer Russian Influence

Canada, Germany Advancing Energy Cooperation Agreement to Hammer Russian Influence

 A mammoth wind-powered hydrogen production project planned in Newfoundland is poised to emerge as a frontrunner to keep the Canadian government’s promise to deliver new supplies for energy-hungry Europe. Prime Minister Justin Trudeau and German Chancellor Olaf Scholz plan to unveil an energy cooperation agreement at the Stephenville deepwater port site for the proposed Project…

August 22, 2022
Aramco CEO Warns Oil and Gas Industry ‘Not Investing Enough’ as Profits Surge on High Prices

Aramco CEO Warns Oil and Gas Industry ‘Not Investing Enough’ as Profits Surge on High Prices

Underinvestment in oil and natural gas supply could threaten global energy security and decarbonization efforts over the coming years, according to the CEO of Saudi Arabia’s state-owned oil behemoth.  Saudi Arabian Oil Co. (Aramco) CEO Amin Nasser hosted a conference call to discuss the national oil company’s (NOC) record-breaking first-half results. “Oil demand is likely…

August 17, 2022
Natural Gas, Oil Industry-backed Louisiana CCS Law Builds Case for Renewable Diesel Project

Natural Gas, Oil Industry-backed Louisiana CCS Law Builds Case for Renewable Diesel Project

A new Louisiana carbon capture and sequestration (CCS) law should benefit the state’s renewables as well as natural gas and oil sectors, industry officials told NGI. Act 163, which took effect Aug. 1, provides extra carbon dioxide (CO2) “reservoir storage security” in Caldwell Parish, reported Strategic Biofuels LLC. The firm plans to develop the Louisiana…

August 15, 2022
Oil, Natural Gas Industry Reaction Mixed as Blockbuster Climate, Spending Bill Heads to Biden’s Desk

Oil, Natural Gas Industry Reaction Mixed as Blockbuster Climate, Spending Bill Heads to Biden’s Desk

The House on Friday passed the Senate-approved Inflation Reduction Act of 2022 (IRA) by a margin of 220-207, clearing the way for President Biden to sign the landmark climate and energy bill into law.  The legislation includes investing an estimated $370 billion to decarbonize domestic energy and transport sectors, and it targets a roughly 40%…

August 15, 2022
Canada’s Oilsands E&Ps Eyeing Enhanced Returns, Decarbonization

Canada’s Oilsands E&Ps Eyeing Enhanced Returns, Decarbonization

Calgary-based Imperial Oil Ltd. plans to use proceeds from high oil prices it realized during 2Q2022 to return more cash to shareholders and reduce greenhouse gas (GHG) emissions; goals echoed by its Canadian peers. The management teams of Canadian Natural Resources Ltd. (CNRL), Cenovus Energy Inc., Imperial and Suncor Energy Inc. each held recent conference…

August 15, 2022
Cenovus Chief Urges Less Aggressive Canada GHG Targets for Natural Gas, Oil Producers

Cenovus Chief Urges Less Aggressive Canada GHG Targets for Natural Gas, Oil Producers

Framing the Canadian government’s goals for cutting greenhouse gas (GHG) emissions from fossil fuel production as too much, too soon, management at Cenovus Energy Inc. expressed doubts about how workable the system would be for natural gas and oil producers. “I am very worried that if we remain on this path, it could lead to…

August 1, 2022
SK, Engie, Trafigura Join C-Zero Venture to Create Carbon-Free Hydrogen from Natural Gas

SK, Engie, Trafigura Join C-Zero Venture to Create Carbon-Free Hydrogen from Natural Gas

Energy start-up C-Zero Inc.’s promise to commercially scale carbon-free hydrogen production using natural gas has drawn investments from commodity trading giants through a recent financing round. The California-based company’s latest funding round, completed for $34 million, was led by SK Gas Co., a subsidiary of South Korea’s SK Group. Engie New Ventures, the venture capital…

July 6, 2022
BKV, EnLink to Capture Emissions from Natural Gas-Rich Barnett Shale

BKV, EnLink to Capture Emissions from Natural Gas-Rich Barnett Shale

BKV Inc., the biggest natural gas producer in the Barnett Shale, is partnering with EnLink Midstream LLC to develop what could be one of the first commercial carbon capture and sequestration (CCS) projects to come online in the United States. The project envisioned could begin in 2023 after the partners clinched a final investment decision…

June 13, 2022