Under current policies, oil and natural gas production will continue growing through 2050 amid rising global energy consumption driven by developing Asian economies, according to the latest long-term projections from the U.S. Energy Information Administration (EIA). In its International Energy Outlook 2021(IEO2021) report published Wednesday, the agency predicted a nearly 50% increase in global energy…
Emissions
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Chevron, Enterprise Exploring Carbon Capture Opportunities for Gulf Coast, Midcontinent
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…
Chevron Embracing Energy Transition Ventures in RNG, Hydrogen and Sustainable Jet Fuels
Chevron Corp., one of the largest oil and natural gas producers in the world, is moving swiftly to capture lower carbon energy opportunities, with a bevy of partnerships announced in recent weeks designed to build its market share. The San Ramon, CA-based supermajor is expanding its reach into the U.S. compressed natural gas (CNG) market…
Golden Pass LNG Said ‘on Schedule’ for 2024 Start-Up
Construction on the Golden Pass liquefied natural gas (LNG) export project in Texas is progressing, with the facility on track to come online in 2024, according to ExxonMobil. ExxonMobil Qatar President Dominic Genetti said recently there are currently about 4,000 people at the worksite for the three-train, 16 million metric tons/year (mmty) facility. “I think…
Canadian PM Takes Hard Line on Oil, Natural Gas Emissions Ahead of Election
Canadian Prime Minister Justin Trudeau has singled out the oil and gas industry as a target for toughened pollution policing in his campaign for reelection of his Liberal government in a Sept. 20 national vote. “Let’s be realistic,” said Trudeau as he unveiled an environmental plank in the party platform at a weekend rally in…
Trudeau Hardens Stance On Canada Oil, Natural Gas Emissions As Sept. 20 Election Nears
Canadian Prime Minister Justin Trudeau has singled out the oil and gas industry as a target for toughened pollution policing in his campaign for reelection of his Liberal government in a Sept. 20 national vote. “Let’s be realistic,” said Trudeau as he unveiled an environmental plank in the party platform at a weekend rally in…
Critics Say Biden ‘Slow Walks’ Compliance with Court Order to Resume Federal Oil, Natural Gas Lease Sales
The U.S. government confirmed in a court filing it would resume federal oil and gas lease sales — and established a timeline — to comply with a ruling that called for an end to the Biden administration’s moratorium. Critics, however, noted that Biden administration officials intend to stretch the process out over several months as…
Feds Expanding Efforts to Capture, Store CO2 Emissions
Nine research projects are getting a federal funding boost to advance methods and potentially reduce costs to capture and store carbon from the air, also known as direct air capture (DAC). The U.S. Department of Energy (DOE) said it has granted $24 million to universities and national labs across the country. The aim of the…
Sweeping Infrastructure Bill Goes Big on Energy Transition, Leaves Natural Gas Wanting
The $1 trillion infrastructure bill passed by the U.S. Senate Tuesday with bipartisan support includes a big boost in spending on renewable energy, the power grid and programs to broadly promote lower greenhouse gas emissions to slow climate change. The massive bill contains more than $550 billion in new spending. About $110 billion of that…
CNRL Continues Montney Development, Eyes Big Emissions Cuts
After achieving profits that more than replaced losses incurred in the economic shock inflicted by the Covid-19 virus pandemic, Canadian Natural Resources Ltd. (CNRL) has announced a C$275 million ($220 million) budget increase for this year. The corporate budget increase by 8.5% to C$3.48 billion ($2.78 billion) has a green tinge. Around C$45 million ($36…