Energy transition

Privately held Northeast Natural Energy (NNE) plans to have natural gas production across its entire operating area in West Virginia environmentally certified by two companies. Certification would be based on separate standards developed by Equitable Origin (EO) and MiQ to validate it is producing what the industry has coined as “responsibly” sourced gas production. If…

The United States has the most attractive market for renewable energy investment following the Biden Administration’s plan to transition to a lower-carbon power grid as part of the $2.25 trillion American Jobs Plan, according to rankings data from IHS Markit.  The rankings put the United States in the number one spot for the period ending…

Piñon Midstream LLC has begun construction of a sour gas treating and carbon capture facility in Lea County, NM, that when completed in July would have capacity to treat about 85 MMcf/d of Permian Basin natural gas. The plant, dubbed the Dark Horse Facility, would treat gas produced in the Permian’s Delaware sub-basin. The project…

Recovering natural gas and oil prices, combined with cost cutting measures, sent ExxonMobil profits soaring in the first quarter, sending a strong signal that the global economy’s thirst for energy is rising. First quarter profits jumped to $2.7 billion (64 cents/share), from a loss of $610 million (minus 14 cents) in 1Q2020 and the loss…

For major oil and gas companies that are increasingly touting their commitments to clean energy, hydrogen holds special appeal. When burned, hydrogen does not emanate the greenhouse gases (GHG) scientists say damage the environment and fuel global warming. It can be delivered by pipeline or shipped and, notably, it is relatively easy to store when…

Phillips 66 wants to exploit the technology base it has to advance a lower carbon business platform, while maintaining a strong balance sheet and returning value to shareholders. The Houston-based energy firm sharply reduced the 2021 capital expenditure (capex) budget to $1.7 billion, down from $3.1 billion last year. About $1.1 billion of sustaining capital…

More than 75% of new liquefied natural gas (LNG) global supply could be at risk because of quickly expanding renewable energy resources, according to an analysis by Wood Mackenzie. In a forecast issued on Wednesday, the consultancy said its scenario for worldwide gas demand is going to come under pressure as power sector investments increase…

Nikos Tsafos, a senior fellow at the Center for Strategic & International Studies’ Energy Security and Climate Change Program, believes the global natural gas market can count on turbulence in the years ahead, with more volatility likely and an increasingly murkier role to play in the energy transition.  NGI: It was a rough summer for…

Natural gas-fired generators contributed more than any other source to the nation’s electricity capacity last year, the U.S. Energy Information Administration’s (EIA) annual survey of electric generators found. Natural gas was used for 39% of electricity generation in 2019. The bulk of the fuel was used in combined-cycle technology, which surpassed coal-fired generators in 2018…