Energy transition

The International Energy Agency (IEA) is projecting that global demand for natural gas will start to dip by the end of this decade, but should remain strong and near a historic peak through 2050. In its latest 350-page annual World Energy Outlook (WEO), researchers said that for the first time in the history of the…

Dealmaking in the U.S. oil and natural gas upstream segment was on cruise control between July and September, with an estimated $14 billion spent for 25 transactions, but two mega-mergers announced this month may signal that transactions to year’s end may go into overdrive. A summary of 3Q2023 upstream merger and acquisition (M&A) activity, compiled…

Primary energy use will increase globally through 2050 in all cases examined in updated projections from the U.S. Energy Information Administration (EIA), pointing to a rise in North American natural gas production and exports to help meet the growing demand. Meanwhile, greater adoption of non-fossil fuel-based energy resources such as nuclear and renewables will likely…

As Mexico seeks to implement new strategies to reduce its carbon footprint, the role of natural gas will be of utmost importance, industry leaders said at the Wired Summit held recently in Mexico City. “One of the hydrocarbons that plays a fundamental role in guaranteeing that there will be reliable, secure energy is natural gas,”…

A carbon capture project that would be sited offshore Louisiana’s industrial-heavy Cameron Parish is inching forward after Carbonvert Inc. and Castex Energy Inc. clinched an operating agreement with state officials. Houston-based Carbonvert, a carbon capture and storage (CCS) expert, is teaming with Castex subsidiary Castex Carbon Solutions LLC to capture carbon dioxide (CO2) emissions at…

“Bid rounds, including farmouts, can bring new investment, new ideas and new technology while creating diversity in energy resources and supply options. Of course, it is Mexico’s full right to develop its energy resources as it chooses,” Chris Sladen, a decorated executive of the international energy industry, told NGI’s Mexico GPI. “I also think there…

Project Canary, which moved the natural gas industry toward the ubiquitous use of “responsibly sourced gas,” or RSG, has expanded its reach to help customers measure and analyze environmental risks and emissions.  The RSG moniker made a name for the Denver-based firm, a term that often has been used interchangeably with “differentiated” or “independently certified”…

Mexico’s state oil and natural gas giant Petróleos Mexicanos, or Pemex, is working to improve its environmental, social and governance (ESG) scorecard. The company has hired an external consultant to devise a plan focused specifically on reducing emissions. The plan would also assess alternative sources of revenue that could include lower carbon options. Pemex is…

Enbridge Inc. agreed late Tuesday to spend $9.4 billion to become the top North American natural gas utility operator in North America with the purchase of three Dominion Inc. systems, which, once completed, would deliver 9.3 Bcf/d to seven million U.S. and Canadian customers. The Dominion systems to be sold, East Ohio Gas Co., Public…