Energy transition

Bechtel Snags Contract to Build Nacero’s Permian Natural Gas-to-Gasoline Plant

Bechtel Snags Contract to Build Nacero’s Permian Natural Gas-to-Gasoline Plant

Houston-based Nacero Inc. has awarded engineering firm Bechtel Corp. a front-end engineering and design (FEED) contract for a natural gas-to-gasoline manufacturing facility in Penwell, TX. The plant would be the first natural gas-to-gasoline plant in the United States, according to Nacero. The company’s 115,000 b/d plant near Odessa, TX, in the Permian Basin also would…

May 28, 2021
Appalachia’s Northeast Natural Aiming to Certify Natural Gas as Responsibly Sourced

Appalachia’s Northeast Natural Aiming to Certify Natural Gas as Responsibly Sourced

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…

May 14, 2021
United States Said ‘Most Attractive’ in Global Renewables Market

United States Said ‘Most Attractive’ in Global Renewables Market

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…

May 14, 2021
Piñon Midstream Building 85 MMcf/d Sour Gas Treatment, Carbon Capture Facility in Permian Delaware

Piñon Midstream Building 85 MMcf/d Sour Gas Treatment, Carbon Capture Facility in Permian Delaware

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…

May 3, 2021
ExxonMobil Profits on Strong Natural Gas, Oil Prices, with South Texas Cracker Set for 2021 Start Up

ExxonMobil Profits on Strong Natural Gas, Oil Prices, with South Texas Cracker Set for 2021 Start Up

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…

April 30, 2021
Oil, Natural Gas Majors Say Hydrogen May Lie at Heart of Energy Future

Oil, Natural Gas Majors Say Hydrogen May Lie at Heart of Energy Future

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…

February 12, 2021
Phillips 66 Eyeing Energy Transition, with Oil and Gas Recovery Hinging on Return to ‘Normal’

Phillips 66 Eyeing Energy Transition, with Oil and Gas Recovery Hinging on Return to ‘Normal’

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…

February 4, 2021
Global LNG Prospects Seen Dwindling as Renewables, Efficiencies Expand

Global LNG Prospects Seen Dwindling as Renewables, Efficiencies Expand

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…

December 9, 2020
LNG Market Not ‘Out of the Woods’ as Volatility Likely a Mainstay for Years

LNG Market Not ‘Out of the Woods’ as Volatility Likely a Mainstay for Years

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…

October 22, 2020
Natural Gas Contributes Biggest Share of U.S. Electricity Generation Capacity, EIA Says

Natural Gas Contributes Biggest Share of U.S. Electricity Generation Capacity, EIA Says

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…

October 20, 2020
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