Net Zero

Nebraska Utilities Commit to Net Zero Carbon Emissions by 2050

Nebraska Utilities Commit to Net Zero Carbon Emissions by 2050

Nebraska is the latest state to commit to net zero carbon emissions as its three major utilities now have directives in place. Last week, the Nebraska Public Power District (NPPD) board voted 9-2 in favor of reaching the target by 2050. Last year, Lincoln Electric System (LES) said it would get to net zero by…

December 21, 2021
ExxonMobil Envisions Carbon-Neutral Permian Operations by 2030

ExxonMobil Envisions Carbon-Neutral Permian Operations by 2030

ExxonMobil is targeting net zero Scope 1 and 2 greenhouse gas emissions from its operated Permian Basin assets by 2030, the company said Monday. The Irving, TX-based supermajor was producing 500,000 boe/d in the Permian at the end of the third quarter, accounting for more than 40% of the company’s U.S. net production. ExxonMobil plans…

December 13, 2021
ExxonMobil Targeting Net Zero Emissions in the Permian by 2030

ExxonMobil Targeting Net Zero Emissions in the Permian by 2030

ExxonMobil is targeting net zero Scope 1 and 2 greenhouse gas emissions from its operated Permian Basin assets by 2030, the company said Monday. The Irving, TX-based supermajor was producing 500,000 boe/d in the Permian at the end of the third quarter, accounting for more than 40% of the company’s U.S. net production. ExxonMobil plans…

December 6, 2021
BP Expands Carbon-Offset LNG Trade to Asia-Pacific Region

BP Expands Carbon-Offset LNG Trade to Asia-Pacific Region

In its bid to build its market in the Asia-Pacific region, BP plc said it delivered its first carbon-offset liquefied natural gas (LNG) shipment to Taiwan. The shipment to Taiwan’s state-owned CPC Corp. by BP Singapore Pte. Ltd. arrived earlier this month at the Yung An terminal. Supply was sourced from BP’s LNG portfolio.  “Natural…

September 10, 2021
Golden Pass LNG Said ‘on Schedule’ for 2024 Start-Up

Golden Pass LNG Said ‘on Schedule’ for 2024 Start-Up

Construction on the Golden Pass liquefied natural gas (LNG) export project in Texas is progressing, with the facility on track to come online in 2024, according to ExxonMobil. ExxonMobil Qatar President Dominic Genetti said recently there are currently about 4,000 people at the worksite for the three-train, 16 million metric tons/year (mmty) facility. “I think…

September 9, 2021
BP’s Looney Says Natural Gas Demand to Surpass Pre-Covid Levels by Year-End

BP’s Looney Says Natural Gas Demand to Surpass Pre-Covid Levels by Year-End

Global natural gas demand is forecast to recover and eclipse 2019 levels by the end this year, with liquefied natural gas (LNG) consumption set to climb in Asia, according to BP plc. The London-based integrated energy major delivered its second quarter results on Tuesday, offering a robust outlook for natural gas and oil, even as…

August 4, 2021
Shell, GM Working to Reduce Texas EV Charging Costs, Expand Renewable Options

Shell, GM Working to Reduce Texas EV Charging Costs, Expand Renewable Options

Royal Dutch Shell plc and General Motors (GM) are collaborating to expand green energy options in Texas and beyond. Shell’s MP2 Energy LLC unit is partnering with the auto giant on “comprehensive energy solutions programs” that could include fixed-rate home energy plans using 100% renewable energy resources. The program, already for some GM customers in…

June 28, 2021
Six U.S. Research Teams Tapped to Advance DAC Prospects to Capture, Store GHG

Six U.S. Research Teams Tapped to Advance DAC Prospects to Capture, Store GHG

Six U.S. projects designed to advance direct air capture (DAC) technology to snatch carbon emissions from the atmosphere are the focus of a new federal funding effort. The Department of Energy (DOE) is deploying $12 million for research and development (R&D) underway to remove carbon dioxide (CO2) emissions from the air. Funding is being directed…

June 21, 2021
Talos Diving into Carbon Capture Opportunities in U.S. Offshore

Talos Diving into Carbon Capture Opportunities in U.S. Offshore

Houston-based Talos Energy Inc. is diving into carbon capture and storage (CCS) opportunities along the Gulf Coast and offshore with UK expert Storegga Geotechnologies Ltd.  Through the joint venture (JV), the partners plan to “source, evaluate and develop” CCS opportunities on the coast and in the Gulf of Mexico (GOM) offshore Alabama, Louisiana, Mississippi and…

June 11, 2021
Global Energy Investments Rebounding, but Shifting Away from Traditional Oil, Natural Gas

Global Energy Investments Rebounding, but Shifting Away from Traditional Oil, Natural Gas

Global energy investments are set to rebound by nearly 10% this year to $1.9 trillion, reversing the 2020 decline, but the energy transition is moving more funds toward electricity and renewables and away from fossil fuels, according to the International Energy Agency (IEA). Researchers said investments are returning to pre-crisis levels, with a shift continuing…

June 4, 2021
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