low carbon

Canada’s Montney Shale to Supply Low-Carbon Petrochemical Project in Alberta

Canada’s Montney Shale to Supply Low-Carbon Petrochemical Project in Alberta

A petrochemical plant recently announced, slated to be in service by 2026, could produce up to 200 metric tons/year of low-carbon blue ammonia and methanol using natural gas from the Montney Shale, officials said. Calgary-based Northern Petrochemical Corp. (NPC), a private venture, is proposing to build the C$2.5 billion ($2 billion) project in the planned…

November 15, 2021
ExxonMobil Hikes Low-Carbon Spending to $15B, a Four-Fold Hike to 2027

ExxonMobil Hikes Low-Carbon Spending to $15B, a Four-Fold Hike to 2027

ExxonMobil has boosted its annual spending on low-carbon ventures to $3 billion a year over the next five years, four times higher than initially planned, with expanded emissions targets set to be issued later this year, CEO Darren Woods said Friday. Woods detailed the $15 billion capital now earmarked during a wide-ranging conference call. Analysts…

October 29, 2021
MPL Looking to Low-Carbon LNG for Mexico’s Puerto Libertad, Progressing to FID

MPL Looking to Low-Carbon LNG for Mexico’s Puerto Libertad, Progressing to FID

Mexico Pacific Ltd. LLC (MPL) continues to advance its liquefied natural gas (LNG) export project for the Pacific coast of the country. This week, the company signed a collaboration agreement with ConocoPhillips LNG Licensing LLC and Bechtel. Together, the companies plan to work with construction firm Techint SA de CV to pursue “innovative lower carbon…

October 26, 2021
ExxonMobil Bidding to Advance CCS Expansion at Wyoming’s LaBarge Natural Gas Facility

ExxonMobil Bidding to Advance CCS Expansion at Wyoming’s LaBarge Natural Gas Facility

Bids to secure engineering, procurement and construction contracts for a carbon capture and storage (CCS) expansion at the LaBarge natural gas facility in Wyoming are advancing, ExxonMobil said Thursday. LaBarge to date has captured an estimated 6-7 million metric tons (mmt) of carbon dioxide (CO2), making it the largest project of its kind in the…

October 22, 2021
Equinor Optimizing Global Portfolio, Moving by 2030 to 50%-Plus Spending for Renewables, Low Carbon

Equinor Optimizing Global Portfolio, Moving by 2030 to 50%-Plus Spending for Renewables, Low Carbon

Supermajor Equinor ASA is not giving up on global natural gas and oil per se, but it is looking to give up control in Lower 48 projects and across the Americas as it optimizes the portfolio, executives said Tuesday. During the Capital Markets Day, the executive team laid out a strategy that overall is designed…

June 15, 2021