Energy transition

Mexico Presidential Hopeful Gálvez Looking to Transform Nation’s Energy Sector

Mexico Presidential Hopeful Gálvez Looking to Transform Nation’s Energy Sector

Opposition candidate Xóchitl Gálvez promises to shake up Mexico’s energy sector if she wins the elections in June. Gálvez would respect the laws of competition as enshrined in the constitution, promote the domestic production of natural gas and renewable energy and work to develop a regional energy strategy, Rosanety Barrios, the head of her energy…

March 20, 2024
Natural Gas, Advanced Technology Essential for Successful Transition to Low Carbon, Say Execs

Natural Gas, Advanced Technology Essential for Successful Transition to Low Carbon, Say Execs

The call to cut the carbon from natural gas and oil, versus eliminating fossil fuels from the energy mix, is gaining supporters, as top energy executives in Houston this week pushed for stakeholders to acknowledge that global demand is growing, while a renewables-only future is unattainable in the near term. In the unofficial energy capital…

March 20, 2024
LNG Export Pause Facing Scrutiny as GOP Opposition Mounts

LNG Export Pause Facing Scrutiny as GOP Opposition Mounts

As congressional pushback against the Biden administration’s pause of LNG export permits heats up, EQT Corp. CEO Toby Rice said U.S. producers and exporters already have work ahead to abate the potential damage to project development. Rice joined a panel of witnesses Tuesday during a House Energy and Commerce subcommittee hearing. It was one of…

February 6, 2024
BP Sees Gains in Global Trading Arm and Forecasts LNG Supply to Grow

BP Sees Gains in Global Trading Arm and Forecasts LNG Supply to Grow

A new executive team has taken the reins at BP plc, but the strategy remains focused on providing energy solutions while remaining pragmatic because the world continues to need natural gas and oil, CEO Murray Auchincloss said. Auchincloss discussed the London-based supermajor’s fourth quarter and full-year results during a conference call Tuesday. Formerly CFO, Auchincloss…

February 6, 2024
ExxonMobil Says Activist Shareholders’ ‘Extreme Agenda’ Designed to Diminish Existing Operations

ExxonMobil Says Activist Shareholders’ ‘Extreme Agenda’ Designed to Diminish Existing Operations

ExxonMobil is seeking to prevent some investors from using what it called a “Goldilocks Trojan Horse” strategy to diminish existing business operations.  In a lawsuit filed earlier in January, the integrated major requested judicial relief to exclude a shareholder proposal by Arjuna Capital and Follow This. The lawsuit was filed in the U.S. District Court…

January 31, 2024
Chevron Warns of $3.5-4B in 4Q Upstream Impairments, Mostly California, GOM Assets 

Chevron Warns of $3.5-4B in 4Q Upstream Impairments, Mostly California, GOM Assets 

Chevron Corp.’s upstream oil and natural gas assets are set to take a big one-time hit in the fourth quarter results, primarily because of “continuing regulatory challenges” in California, where the integrated major is headquartered.  The San Ramon-based producer on Tuesday detailed the upstream impairments in a Securities and Exchange Commission Form 8-K filing.  The…

January 3, 2024
‘Transitional Fuels’ – Like Natural Gas – Key to Achieving Net-Zero Emissions, Say Global Ministers 

‘Transitional Fuels’ – Like Natural Gas – Key to Achieving Net-Zero Emissions, Say Global Ministers 

A landmark agreement clinched by nearly 200 government ministers is calling for the world to begin slowing down the use of fossil fuels, but they left the door open for “transitional fuels,” such as natural gas, to continue to play a big role in the decades ahead. The 28th Conference of Parties (COP28) to the…

December 13, 2023
Energy Transition Reliant on Natural Gas as Decarbonization Said ‘Relatively Slow’

Energy Transition Reliant on Natural Gas as Decarbonization Said ‘Relatively Slow’

Natural gas will remain a “key transition fuel” until the mid 2040s to ensure electricity systems maintain their reliability for dispatchable generation, according to TotalEnergies SE. The French integrated major, which has a worldwide portfolio of oil, natural gas and alternative energy projects, recently issued its fifth annual outlook of the global markets. The forecast,…

December 1, 2023
U.S. Natural Gas Utilities Paving Long Road to Hydrogen Blending

U.S. Natural Gas Utilities Paving Long Road to Hydrogen Blending

Forecasts suggest that it would take time before U.S. hydrogen production is up to speed to match burgeoning demand, and before pilot projects produce conclusive results for blending the fuel in natural gas infrastructure. Natural gas and electric utilities, nonetheless, are eager to leverage the fuel to lower emissions in existing infrastructure and electricity generation.  …

November 3, 2023
Shell’s Global LNG Business Traded Tumult for Opportunity in Volatile Third Quarter

Shell’s Global LNG Business Traded Tumult for Opportunity in Volatile Third Quarter

Shell plc took the topsy-turvy turmoil during the third quarter and turned in a solid performance for the world’s top LNG trader, CEO Wael Sawan said Thursday. The company’s chief shared insight about the overall quarterly performance during a conference call in London with CFO Sinead Gorman. Overall gas and oil production volumes declined from…

November 2, 2023
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