Houston-based Baker Hughes Co. is on the prowl to secure stakes in low-carbon ventures and bring deep-pocketed partners on board as it revamps its energy technology portfolio. Shell Global Solutions BV earlier this month signed a broad memorandum of understanding (MOU) with the energy technology giant. Royal Dutch Shell plc and Baker have set goals…
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MPL Exploring Low-Carbon LNG for Mexican Export Project
Mexico Pacific Ltd. LLC (MPL) continues to advance its liquefied natural gas (LNG) export project for the Pacific coast of the country. The company signed a collaboration agreement last week 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…
Chevron Tripling Low-Carbon Spending to Expand Opportunities, Entice New Customers
Using the financial muscle of its global natural gas and oil portfolio, Chevron Corp. is tripling its investments in low-carbon ventures with an eye on becoming a force in renewable fuels, hydrogen, carbon capture and offsets. The nation’s No. 2 oil producer on Tuesday pledged to earmark $10 billion in capital spending for low-carbon opportunities…
Mitsubishi, Citigroup Aiming to Build ‘Hub-and-Spoke’ Hydrogen Network in North America
Mitsubishi Power Americas Inc. is on a mission to build out a “hub-and-spoke” network of infrastructure to produce, transport and store low-carbon hydrogen in North America, CEO Paul Browning said recently. The company’s large-scale hydrogen partnerships include what it touted as the largest green energy storage project and the largest blue hydrogen project in North…
Chevron, Toyota Team Up to Develop Viable Businesses in Hydrogen; Shell to Test Fuel for Shipping
Subsidiaries of Chevron U.S.A. Inc. and Toyota Motor Corp. said Wednesday they will join forces to develop “viable” and “large-scale businesses” to capitalize on the ascension of hydrogen as a clean source of fuel, including to meet expected future demand for fuel cell electric vehicles. The energy and auto majors said in a joint release…
EPRI, GTI’s Low-Carbon Resources Initiative Gains Another Sponsor, Surpasses $100M Funding Milestone
The Low-Carbon Resources Initiative (LCRI), a collaborative project from the Electric Power Research Institute Inc. (EPRI) and Gas Technology Institute (GTI), added its 33rd sponsor, achieving and exceeding its $100 million effort to develop alternatives to natural gas. Utility holding company based in Minneapolis, Minnesota and newest member, Xcel Energy joined the efforts of the…
Europe’s Big Oil Operators Said Outperforming U.S. Peers in Shift to NatGas, Renewables
European oil majors, including many with extensive U.S. operations, outperform their domestic peers in preparing for a low-carbon future as they shift to more natural gas production and invest in alternative energies, a new analysis has found.
Global Demand For NatGas, Low-Carbon Fuel Pressuring Big Oil Transition
The next global energy transition may pose big risks for Big Oil as world consumption continues to trend toward natural gas and renewables, Wood Mackenzie said Friday.
Gas Is Growth for Sempra Energy, Top Execs Say
With continued confidence that their proposed Gulf-based liquefied natural gas (LNG) export project will begin construction next year, Sempra Energy senior executives on Tuesday said they are looking for other market growth opportunities from the shale-driven U.S. natural gas supply boom.