Energy transition

Private equity-backed Viridi Energy has begun building a landfill renewable natural gas (RNG) project in Ringle, WI, in partnership with the Marathon County Solid Waste Department. Viridi, sponsored by Warburg Pincus and Green Rock Energy Partners LLC, plans to produce RNG equal to more than three million gallons/year of gasoline, it noted.  “As the transition…

Saudi Arabia’s state-owned oil producer posted record profits for 2022, up nearly 50% year/year, lifted by soaring oil and natural gas prices. Saudi Arabian Oil Co., better known as Aramco, tripled the 2022 profit recorded by ExxonMobil, lifted by higher sales volumes and improved margins for refined products. Commodity prices surged early in the year…

A coalition of business groups is calling on federal officials to expedite applications for carbon dioxide (CO2) injection wells, otherwise known as Class VI wells, citing frustration to advance carbon capture projects.  Eight groups from Illinois, New Mexico, Pennsylvania, Texas and West Virginia sent a letter to Environmental Protection Agency (EPA) Administrator Michael Regan requesting…

Shell plc is not going to determine how quickly the energy transition happens, but there is a role going forward for natural gas and oil, the CEO said last week. CEO Wael Sawan, who took the helm in January from long-time chief Ben van Beurden, spoke at CERAWeek by S&P Global in Houston. Asked if…

As the energy industry clamors for technologies to reach decarbonization goals, renewable natural gas (RNG), though still in short supply, may be the solution for hard-to-abate sectors.  Executives from RNG production, to midstream transportation and to utility applications discussed the potential scalability of the biofuel during a panel at CERAWeek by S&P Global.  After being…

BP plc’s Lower 48 onshore subsidiary BPX Energy Inc. has become the first U.S. major to certify the methane intensity of its entire natural gas production portfolio, according to nonprofit MiQ. Methane, the primary component of natural gas, is a potent greenhouse gas (GHG) that accounts for about 20% of anthropogenic GHG emissions globally, according…

New Jersey is joining other states by setting a 2035 goal of 100% clean energy by ending the sale of gasoline-powered vehicles and switching to electric heating for buildings.   “We’ve turned our vision for a greener tomorrow into a responsible and actionable roadmap to guide us, and it’s through that pragmatic, evidence-based approach that we…

Jera Co. Inc., Japan’s leading power producer and one of the world’s top buyers of LNG, has signed two tentative agreements for ammonia supply that include exploring plans for a Gulf Coast production facility fed by low-carbon natural gas. Jera disclosed Monday memorandums of understanding (MOU) with a unit of Yara International ASA and CF…

Pittsburgh-based EQT Corp. may be the largest U.S. natural gas producer, but a commitment to reducing carbon emissions led management to spend $28 million to replace or retrofit 100% of its gas-powered pneumatic devices. The initiative led to a 70% reduction in methane emissions. The annual carbon footprint also declined, down by 305,614 metric tons…