net-zero emissions

ExxonMobil Eyes Operations-Wide Goal to Slash Emissions to Net Zero by 2050

ExxonMobil Eyes Operations-Wide Goal to Slash Emissions to Net Zero by 2050

ExxonMobil has set a far reaching goal to reduce carbon emissions from its major operated assets by 2050, a strategy that it said has been “tested for resiliency” against a range of scenarios. The reduction in direct and indirect greenhouse gas (GHG) emissions across the operations pares with a plan unveiled in December to reach…

January 18, 2022
Biden, Trudeau, López Obrador Pledge to Curb Oil and Gas Methane Emissions in Trilateral Summit

Biden, Trudeau, López Obrador Pledge to Curb Oil and Gas Methane Emissions in Trilateral Summit

President Biden, joined by Canadian Prime Minister Justin Trudeau and Mexico President Andrés Manuel López Obrador on Thursday pledged to create a “North American strategy on methane and black carbon” during a trilateral summit this week in Washington, DC. The strategy will aim “to reduce methane emissions from all sectors, especially oil and gas,” the…

November 19, 2021
Energy Transition ‘Urgency’ Driving Low-Carbon Investment, Says Baker Hughes CEO

Energy Transition ‘Urgency’ Driving Low-Carbon Investment, Says Baker Hughes CEO

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…

November 18, 2021
Williams Leveraging Natural Gas Footprint to Advance RSG, RNG and Zero-Carbon Initiatives

Williams Leveraging Natural Gas Footprint to Advance RSG, RNG and Zero-Carbon Initiatives

The natural gas industry may no longer equivocate about whether to responsibly produce and transport lower carbon fuel, as customers are lining up in North America and abroad, according to a Williams executive. At the LDC Natural Gas Forum held earlier in October in New Orleans, Williams’ Angela John shared the midstream infrastructure giant’s strategy…

October 27, 2021
Chevron Updates 2050 Net-Zero Targets, Sees Australian LNG a Keeper Longer Term

Chevron Updates 2050 Net-Zero Targets, Sees Australian LNG a Keeper Longer Term

Chevron Corp. is aiming by 2050 to reach net-zero carbon in its equity upstream operations, with more capital set to be poured into alternative energies and improved efficiencies across the traditional global oil and natural gas businesses. The San Ramon, CA-based integrated major has adopted a net-zero pledge within 30 years for Scope 1 (direct)…

October 12, 2021
Exelon Pouring $300M into Nuclear Upgrades as Illinois Targets 100% Clean Energy by 2050

Exelon Pouring $300M into Nuclear Upgrades as Illinois Targets 100% Clean Energy by 2050

Exelon Generation plans to invest more than $300 million in capital projects to upgrade its nuclear power plants in Illinois as a result of sweeping clean energy legislation passed last month. Gov. J.B. Pritzker in mid-September signed Senate Bill (SB) 2408 to put Illinois on a path toward 100% renewable energy by 2050. The bill…

October 12, 2021
Sproule Sees CCUS Driving ‘Tremendous’ Growth as Carbon Prices Climb

Sproule Sees CCUS Driving ‘Tremendous’ Growth as Carbon Prices Climb

Underground carbon disposal has to increase 172-fold to hit the global greenhouse gas (GHG) cleanup target set by the International Energy Agency (IEA), according to an industry review by consulting firm Sproule Associates. The role for carbon capture, utilization and storage (CCUS) as outlined by IEA in August, spells “tremendous growth and revenue generation,” said…

October 8, 2021
Low-Carbon Hydrogen on ‘Cusp of Significant Cost Declines,’ Global Growth, Says IEA

Low-Carbon Hydrogen on ‘Cusp of Significant Cost Declines,’ Global Growth, Says IEA

Low-carbon hydrogen could fulfill its potential to help the world reach net-zero emissions, but not without government support, the International Energy Agency (IEA) said Monday. In its Global Hydrogen Review 2021, the world’s energy watchdog said production today is minimal, costs are not yet competitive and its use in “promising” industry and transport sectors remains…

October 5, 2021
Schlumberger Gearing Portfolio to Reach Net-Zero Carbon by 2050

Schlumberger Gearing Portfolio to Reach Net-Zero Carbon by 2050

Schlumberger Ltd., the world’s largest oilfield services company, has joined its energy peers in committing to reach net-zero carbon emissions across the oil and gas value chain by 2050. The company said Tuesday it has spent 18 months analyzing and working with experts to produce a decarbonization plan. The focus is to reduce emissions from…

June 23, 2021
DOE Looking to Shrink Cost of Hydrogen in Net-Zero Drive

DOE Looking to Shrink Cost of Hydrogen in Net-Zero Drive

In the first stage of its latest program to expedite advancements in cleaner energy solutions, the U.S. Department of Energy (DOE) is aiming to reduce the cost of hydrogen from $5.00/kilogram to $1.00 within one decade.  While the energy industry has started to add hydrogen to its mix, there are still several obstacles in the…

June 9, 2021
‹ Previous 1 2