greenhouse gas emissions

Appalachian Natural Gas Output Growth Said Threatened by Long-term ‘Uncertainties’

Appalachian Natural Gas Output Growth Said Threatened by Long-term ‘Uncertainties’

Higher natural gas prices were a positive for natural gas producers in the Appalachian Basin in 2021, but ongoing “uncertainties” threaten the industry’s long-term growth prospects.

January 6, 2022
‘Lowest Cost’ CCUS Solution Said Ready to Deploy for Power Generation, Industrial Sectors

‘Lowest Cost’ CCUS Solution Said Ready to Deploy for Power Generation, Industrial Sectors

Honeywell International Inc. said it will collaborate with the University of Texas at Austin (UT) to commercialize a lower cost carbon capture technology for the power generation and industrial sectors. The project was developed by researchers at UT’s Texas Carbon Management Program (TxCMP). An advanced amine solvent “enables carbon dioxide (CO2) to be captured at…

December 17, 2021
ConocoPhillips Sharply Raises 2022 Capex to $7.2B, with Output Growth Driven by Alaska, Permian

ConocoPhillips Sharply Raises 2022 Capex to $7.2B, with Output Growth Driven by Alaska, Permian

ConocoPhillips is targeting full-year capital expenditures (capex) of around $7.2 billion in 2022, up from the $5.3 billion forecast for 2021, according to preliminary guidance. The Houston-based exploration and production (E&P) giant said about 60% of the spend “will be directed to the Lower 48 for short-cycle investment across the company’s extensive, high-quality unconventional asset…

December 8, 2021
ExxonMobil Steadies Capex to 2027, but Ambitions to Reduce GHG Emissions Expand

ExxonMobil Steadies Capex to 2027, but Ambitions to Reduce GHG Emissions Expand

ExxonMobil plans to hold capital spending steady over the next six years for its natural gas and oil projects while bumping up expenditures for carbon-reduction projects, the supermajor said Wednesday. Annual capital expenditures (capex) are to be “held constant” at $20-25 billion, a 17-33% reduction from the $30 billion spending target set in 2019 before…

December 1, 2021
RSG Seen as Key to Unlocking More Natural Gas Export Demand in Developed Countries

RSG Seen as Key to Unlocking More Natural Gas Export Demand in Developed Countries

Responsibly-sourced natural gas (RSG) is key to unlocking more demand for the fuel overseas, but largely in countries that can afford it, according to a panel of U.S. producers and exporters that spoke in Washington, DC, earlier this month. “RSG is a contract between a region that is privileged to have the supply and a…

November 24, 2021