Energy transition

Domestic Crude Production Dips as Biden Trumpets ‘Windfall’ Tax on Natural Gas, Oil Majors

Domestic Crude Production Dips as Biden Trumpets ‘Windfall’ Tax on Natural Gas, Oil Majors

Domestic crude production ticked lower last week along with demand, the U.S. Energy Information Administration (EIA) said Wednesday. The latest government snapshot followed President Biden’s assertion this week that energy majors are keeping a lid on output in order to maintain high oil and natural gas prices to bolster profits. Biden on Monday floated a…

November 2, 2022
U.S. LNG Export Development Opens Door to Hydrogen, Sempra’s Brouillette Says

U.S. LNG Export Development Opens Door to Hydrogen, Sempra’s Brouillette Says

As Sempra Infrastructure continues to progress its LNG export terminal projects on the Gulf Coast and in Mexico, President Dan Brouillette said demand for natural gas is also helping influence the investments in alternative fuels.  The subsidiary of San Diego-based Sempra and Avangrid Inc. disclosed a potential partnership on Wednesday to explore multiple projects to…

October 14, 2022
Jim Beam Distiller Taps RNG Project to Cut Emissions in Kentucky Expansion

Jim Beam Distiller Taps RNG Project to Cut Emissions in Kentucky Expansion

Every bottle of Jim Beam Kentucky Straight Bourbon could be a little greener in the near future thanks to Beam Suntory Inc.’s inclusion of a renewable natural gas (RNG) project as a part of an expansion at its iconic Kentucky distillery. The Chicago-based producer of spirit brands like Jim Beam and Maker’s Mark has announced…

September 30, 2022
Schlumberger, Aramco Eyeing Emissions Reductions Through Digital Platform

Schlumberger, Aramco Eyeing Emissions Reductions Through Digital Platform

The world’s largest oilfield services company and the world’s largest oil company are partnering to develop a digital platform to help decarbonize hard-to-abate industrial sectors. Schlumberger Ltd. and Saudi Arabian Oil Co. (Aramco) said this week that, “The proposed platform will enable companies in industries such as oil and gas, chemicals, utilities, cement and steel…

September 23, 2022
Alberta to Consider Consumer Impacts Before Blending Hydrogen with Natural Gas

Alberta to Consider Consumer Impacts Before Blending Hydrogen with Natural Gas

Replacing natural gas with hydrogen could cause “rate shock” for consumers in the absence of new incentives or subsidies to offset the costs of blending it into the gas system, according to the Alberta Utilities Commission (AUC). “The Alberta government may want to consider supports for customers such as credits, tax rebates or subsidies,” an…

September 9, 2022
Airlines Commit to Sustainable Aviation Fuel, but Tight Supply, High Cost Block Runway

Airlines Commit to Sustainable Aviation Fuel, but Tight Supply, High Cost Block Runway

Airlines see the idea of reducing greenhouse gas (GHG) emissions through alternative fuels as a positive, but an eight-fold increase in fuel cost may stand in the way of landing on net-zero targets on time.  Last year, the Biden administration targeted commercial aviation for reducing emissions, and  set a domestic production goal of 3 billion…

September 8, 2022
EIG Agrees to Pay $4.8B for Stake in Repsol’s New Natural Gas-Weighted E&P

EIG Agrees to Pay $4.8B for Stake in Repsol’s New Natural Gas-Weighted E&P

Private equity giant EIG is gaining a bigger foothold in the world’s natural gas and oil projects after clinching an estimated $4.8 billion agreement to acquire a 25% stake in Repsol SA’s new upstream company. Repsol Upstream, 70% weighted to natural gas, has been formed as the supermajor’s exploration and production (E&P) company. It would…

September 7, 2022
California Leading Race to Zero Emissions Vehicles; Biden’s IRA May Propel U.S. Sales

California Leading Race to Zero Emissions Vehicles; Biden’s IRA May Propel U.S. Sales

Already leading the United States in most electric vehicles (EV) registered, California had more than 1,900 medium- and heavy-duty zero emissions vehicles (ZEV) on the state’s roads as of July, according to regulators.  In the fall of 2020, Gov. Gavin Newsom signed an executive order (EO) requiring all new vehicle sales be ZEVs by 2035,…

August 26, 2022
California Adopts Offshore Wind Target and Calls for ‘Significant’ Grid Investments

California Adopts Offshore Wind Target and Calls for ‘Significant’ Grid Investments

Following Gov. Gavin Newsom’s request to the California Energy Commission (CEC) to shoot for more “ambitious” climate goals, the regulator last week adopted a planning goal to develop 25 GW of offshore wind by 2045.  In its latest report, Offshore Wind Energy Development off the California Coast, CEC said that the “preliminary planning goals are…

August 19, 2022
European Commission OKs Hydrogen Hub Plan to Cut Fossil Fuel Reliance

European Commission OKs Hydrogen Hub Plan to Cut Fossil Fuel Reliance

The European Commission (EC) has approved a huge hydrogen initiative that would be financed by 15 European Union (EU) countries and 35 companies as it continues to diversify its energy supplies.  Under the plan, EU member states would work on 41 “important projects of common interest” (IPCEI) to create a hydrogen hub. The IPCEI Hy2Tech…

July 29, 2022