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ESG

North American Natural Gas Buyers Eyeing Certified Supplies for ESG-Minded Customers

North American Natural Gas Buyers Eyeing Certified Supplies for ESG-Minded Customers

Designating natural gas as certified or “responsibly sourced” may do little to reduce its carbon intensity, but as U.S. and overseas customers question how their fuel is produced, the branding is growing in importance to ensure conformity and transparency, according to industry experts. A conundrum of challenges is facing natural gas buyers today, as many…

September 16, 2021
National Fuel Gas Set to Reduce Methane Intensity, GHG Emissions Across Businesses

National Fuel Gas Set to Reduce Methane Intensity, GHG Emissions Across Businesses

National Fuel Gas Co., whose footprint extends across the country, has set a goal to lower its carbon footprint in 2030 by double-digits across the exploration, midstream and utility segments.  The goals were announced last week in the company’s 2020 Corporate Responsibility report, which provided a review of environmental, social and governance (ESG) metrics. The…

September 13, 2021
Responsibly Sourced Gas Trade Expanding in Canada with Macquarie, Energir Deal

Responsibly Sourced Gas Trade Expanding in Canada with Macquarie, Energir Deal

Macquarie Energy Canada Ltd., using a virtual market, is expanding the ethically produced natural gas trade, aka responsibly sourced gas (RSG), with the sale of British Columbia (BC) production to Montreal-based distribution company Energir. The Macquarie unit used a virtual market created by Xpansiv CBL Holding Group (XCHG), trademarked as the Xpansiv Digital Fuels Registry,…

September 1, 2021
Lower 48 E&Ps Expanding ESG Disclosures Amid Investor Pressure, Survey Finds

Lower 48 E&Ps Expanding ESG Disclosures Amid Investor Pressure, Survey Finds

A growing number of Lower 48 onshore producers are measuring and disclosing their performance on environmental, social and governance (ESG) efforts, according to new research by Haynes and Boone LLP and EnerCom Inc. The August edition of their Oil & Gas ESG Tracker summarized findings from a review of 30 U.S.-listed middle market onshore oil…

August 25, 2021
Energy Capital Ventures’ $45M Fund Designed to Bolster Natural Gas Industry’s ESG Commitments

Energy Capital Ventures’ $45M Fund Designed to Bolster Natural Gas Industry’s ESG Commitments

Five natural gas utilities have committed $45 million to an Energy Capital Venture (ECV) fund to bolster digital advancements along with environmental, social and governance (ESG) strategies within the natural gas industry.  Chicago-based ECV was founded in 2020 to focus on local distribution companies and natural gas utilities with an eye on creating a more…

August 13, 2021
Ovintiv Holding Line on Lower 48 Capex as Raw Materials, Labor Costs Escalate

Ovintiv Holding Line on Lower 48 Capex as Raw Materials, Labor Costs Escalate

Ovintiv Inc., whose portfolio stretches from Western Canada to West Texas, is seeing costs for materials and labor rising, but inflationary pressures and capital guidance are being kept in check with operational efficiencies, executives said Wednesday. CEO Doug Suttles, who is retiring, presided over his final conference call on Wednesday, ushering in a new era…

July 29, 2021
Pemex Posts Rare Quarterly Profit as Oil Prices Swing Upward

Pemex Posts Rare Quarterly Profit as Oil Prices Swing Upward

Mexico’s state oil company Petróleos Mexicanos (Pemex) posted a rare 14 billion-peso ($719 million) profit in the second quarter thanks to higher sales revenue. The oil giant had posted a $2 billion loss in the year-ago quarter.  Oil production rose to 1.736 million b/d in the second quarter compared with 1.673 million b/d in the…

July 28, 2021
CNX Resources Says E&P, Midstream Operations are Carbon Negative

CNX Resources Says E&P, Midstream Operations are Carbon Negative

Appalachian pure-play CNX Resources Corp. said Wednesday that it’s net carbon negative for Scope 1 and 2 emissions, stressing a “tangible” accomplishment at a time when its peers are advancing ambitious goals to cut environmental footprints in the future.  Announced along with the release of its corporate responsibility report, the company said it believes it’s…

July 24, 2021
Ahead of Regulators, API Proposes Way for Oil and Gas Companies to Uniformly Report Emissions

Ahead of Regulators, API Proposes Way for Oil and Gas Companies to Uniformly Report Emissions

After backing an economy-wide price on carbon emissions, the American Petroleum Institute (API) on Thursday released a new template for oil and gas companies to standardize greenhouse gas (GHG) emissions reporting. API, the largest U.S. oil and gas trade association, is asking energy companies to track emissions and voluntarily disclose to the public details, including…

June 24, 2021
Range Resources Launches Pilot to Certify Natural Gas as Responsibly Produced

Range Resources Launches Pilot to Certify Natural Gas as Responsibly Produced

Range Resources Corp. has launched a pilot program with monitoring company Project Canary to certify that its natural gas is produced in an environmentally responsible way.  Project Canary would monitor methane emissions at two well pads in southwestern Pennsylvania. Production at the locations would also be certified under Project Canary’s TrustWell certification process.   Range produced…

June 24, 2021
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