Net Zero

BP plc CEO Bernard Looney said Tuesday natural gas and oil production may be cut sharply by the end of the decade, but the annual profits from the core business are going to be more than enough to transition to sustainable, low-carbon projects.  Investments in greener energy sources are slated to grow by double-digits to…

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…

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…

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…

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…

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…

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…

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…

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…