Cheniere Energy Inc., the largest liquefied natural gas (LNG) exporter in the United States and one of the largest gas consumers, is “methodically reviewing” its business to further cut its environmental footprint as it faces questions about its role in the global energy transition. The management team spent considerable time during last week’s third quarter…
ESG
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Enbridge Outlines ESG Goals, Including Net Zero Emissions by 2050
On fronts from climate change to gender and racial equity, Enbridge Inc. has promised to march in step with avowedly “progressive” government and investor agendas for the next three decades. “The energy industry is in the midst of transition and we recognize the need to adapt to the changing expectations of our customers,” said the…
Range Resources Aiming for Net Zero Emissions in Lower 48 by 2025
Lower 48 independent Range Resources Corp. on Wednesday unveiled an emissions goal of net zero greenhouse gas (GHG) emissions by 2025. The Fort Worth, TX-based exploration and production (E&P) company said in its 2020 Corporate Sustainability Report it has reduced absolute GHG emissions by 47% since 2017. It also has recycled 147% of produced water…
MVP Commits to Appalachian Trail Conservation, Complementing Natural Gas Pipe Development
Mountain Valley Pipeline LLC, developer of the contentious 2 million Dth/d, 300-mile natural gas conduit, plans to donate up to $19.5 million for conservation efforts in Virginia and West Virginia, where the unfinished pipeline is routed. The commitment is part of an agreement between the developer and conservation groups the Appalachian Trail Conservancy (ATC) and…
National Oilwell Sees Opportunities Amid Mayhem as E&Ps Prize Efficiencies, ‘ESG-Friendly’ Equipment
Covid-19’s impact on demand has tossed aside forecasts for the oil and gas industry, but there’s still a solid future for the fossil-fueled world, the chief of National Oilwell Varco Inc. (NOV) said Tuesday. During a conference call to discuss second quarter performance, CEO Clay Williams said the downturn from the coronavirus is unlike anything…
Coronavirus Philanthropy by Natural Gas, Oil Companies Ongoing Despite Moratoriums, Lockdown Orders Lifting
Though months have passed since the coronavirus pandemic first began to impact individuals and communities across the United States, many organizations have proven their determination by continuing to assist however they can. While many countries are emerging from lockdowns and showing signs of recovery, Royal Dutch Shell plc continues to assist in the global fight…
Prominent Role for Natural Gas, Oil Exploration Even in Carbon-Constrained World, Says Wood Mackenzie
Oil and natural gas exploration will play an essential role in meeting global energy demand through at least 2040, even if human-induced global warming is kept under 2 C, according to a recent analysis by Wood Mackenzie. “Only about half the supply needed to 2040 is guaranteed from fields already onstream,” said Wood Mackenzie’s Andrew…
Minnesota AG Claims ExxonMobil, API and Koch ‘Perpetuating Fraud’ Regarding Climate Change
Minnesota Attorney General (AG) Keith Ellison on Wednesday sought to prevent ExxonMobil, the American Petroleum Institute (API) and three Koch Industries entities from continuing “deceptive practices” regarding climate change. In the complaint filed in Ramsey County, Ellison said he is seeking to hold the companies and API “accountable for perpetuating fraud against Minnesotans” regarding “claims…
U.S. E&Ps Improving Efficiencies, Cash Flow Heading Into 2020
Editor’s Note: This is one of a 14-piece series NGI undertook as the energy industry readied for the new year, with Lower 48 natural gas and oil supply continuing to surge in an uncertain environment as liquefied natural gas exports ramp up, Mexico markets remain shrouded and stakeholders demand more value. Get your complimentary copy of NGI’s 2020 Special Report today.