Energy transition

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…

Click here to listen to the latest episode of NGI’s Hub & Flow, which looks into the crystal ball and offers predictions for this year’s energy themes in Latin America.  NGI Latin America Senior Editor Christopher Lenton chats with Rice University’s Francisco Monaldi about the major natural gas and oil trends from Mexico to Argentina,…

UGI Corp. is partnering with MBL Bioenergy to develop its second and third clusters of renewable natural gas (RNG) projects in South Dakota. Under the agreement with MBL announced Wednesday, UGI would build the second cluster dairy manure waste to RNG project called Brookings at three farms near Estelline, SD. The project is expected to…

Svante, considered a leader in developing carbon capture technologies, said a division of Chevron U.S.A. Inc. was lead investor in a $318 million fundraising round, which is to be used to accelerate the business.  Chevron New Energies (CNE) provided most of the financing. CNE was formed in 2021 to accelerate opportunities in carbon capture utilization…

The Oil and Gas Climate Initiative (OGCI), a collaboration by the CEOs of a dozen global energy producers, said it  has reduced members’ absolute upstream methane emissions by 40% since 2017 with spending on low carbon solutions nearly doubling to $40 billion.The collaborative launched an industry-wide initiative to reduce methane emissions to near zero, while…

CPV Group LP said Monday it has selected Doddridge County, WV, as the site of a planned $3 billion, 1,800 MW combined-cycle natural gas-fired power plant that would use carbon capture technology to minimize emissions. CPV is majority owned by Israel-based energy solutions company OPC Energy Ltd., whose shares trade on the Tel Aviv Stock…

A new study has found that carbon capture and storage (CCS) technologies are a necessary component to natural gas serving as part of a transition toward lower carbon emissions. The research was undertaken by academics across universities in Canada and the United States, and was published in the peer-reviewed journal Nature Climate Change. The team…

PureWest Energy LLC, which develops natural gas reserves in Wyoming’s Green River Basin, has clinched an agreement to provide 30,000 MMBtu/d of independently certified supply to a West Coast end-user.  The Denver producer did not provide details about the end user or the pricing mechanism. However, the “one-year agreement is priced at a premium to…

BP plc is forecasting continued high prices and volatility in the natural gas market through year-end, following an “exceptional” third quarter for its gas marketing and trading business, management said Tuesday (Nov. 1). Breaking down the supermajor’s quarterly results on a conference call, CFO Murray Auchincloss said that reduced Russian pipeline imports to Europe “led…