inflation reduction act

As policies incentivizing clean energy continue to mount, renewable natural gas (RNG) is poised for more growth, the scale of which could depend on the outcome of state and federal legislation.  The Inflation Reduction Act of 2022 (IRA) launched investments into alternative fuels, including RNG, in part because of the expansion of investment tax credits…

The Biden administration has proposed a maximum of three offshore oil and gas lease sales in the Gulf of Mexico’s (GOM) Outer Continental Shelf (OCS) for the 2024-2029 period.  The long-awaited, proposed final program entails “the fewest oil and gas lease sales in history,” Department of the Interior (DOI) officials said upon releasing the five-year…

Xcel Energy has tasked Worley Ltd. with determining whether its U.S. natural gas pipeline network could inject and blend hydrogen into its system. Australia-based Worley and consultant Advisian Ltd. are reviewing the systems for Xcel, headquartered in Minnesota. Xcel has natural gas infrastructure in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and…

Florida-based NextEra Energy Inc. is taking advantage of federal incentives to boost its advantage in renewable natural gas (RNG) and green hydrogen.  CFO Kirk Crews highlighted how the Inflation Reduction Act (IRA) is boosting the company’s ability to add the clean energy assets to its portfolio as it aims to supply a growing customer base…

Strong global natural gas marketing and trading lifted BP plc in the first three months of this year, helping the company overcome low commodity prices as the integrated major also leaned in to secure opportunities to expand in the United States and overseas. CFO Murray Auchincloss led a conference call Tuesday to discuss the latest…

Using the Biden administration’s landmark climate legislation, Mitsubishi Power Americas Inc. is working with Warwick Carbon Solutions Development Co. LP (WCS) to leverage its zero-carbon ambitions in the United States. The companies’ joint development agreement (JDA) was assisted by the Inflation Reduction Act (IRA), which was signed into law last year by President Biden.  “As…

Federal, local and state governments, once keen on taking natural gas vehicles (NGV) over the bridge toward a cleaner transportation sector, have shifted lanes with electric vehicles (EV) gaining speed by the day. In the last three decades, NGV adoption was bolstered by 37 key federal subsidies, laws, programs and regulations, some of which have…

U.S. natural gas production and LNG exports are likely to grow between now and 2050 with domestic gas consumption dropping only slightly, according to the Energy Information Administration (EIA). All of the scenarios modeled in EIA’s latest Annual Energy Outlook (AEO) released last Thursday show the United States remaining a net exporter of natural gas…

The Biden administration is funding $2.52 billion to accelerate investments in carbon capture storage (CCS) and carbon transport technologies.  The Bipartisan Infrastructure Investment and Jobs Act of 2021 funded two programs: the Carbon Capture Large-Scale Pilots and Carbon Capture Demonstration Projects. The goal of these programs is to decrease carbon dioxide (CO2) emissions from electricity…