Renewables

As part of efforts to reduce carbon emissions associated with operations, oil and gas operations are in the early stages of being fueled by renewable energy, according to global critical information provider IHS Markit.  Analysis by IHS Markit shows that while renewable energy is playing a minor role in oil and gas operations, it has…

Dominion Energy closed out the holiday weekend with two bombshell announcements, disclosing Sunday that it is selling its natural gas transmission and storage assets to an affiliate of Warren Buffett’s Berkshire Hathaway Inc. in a transaction valued at $9.7 billion. It also has decided, along with joint-venture partner Duke Energy, to cancel the 600-mile, 1.5…

Amazon.com, Inc. said Tuesday it expects to reach its previously announced goal of running on 100% renewable energy by 2025, five years ahead of schedule. It also is launching a $2 billion fund to invest in products, services and technologies that decarbonize the economy. The e-commerce and technology giant had previously committed to reach 80%…

The Covid-19 pandemic may spur longer lasting changes that have accelerated the energy transition from fossil fuels, with investments in renewables now growing at a fast clip, according to analysts.

Southern California Gas Co. has partnered with a German company to research the commercial viability of technology capable of converting renewable electricity into pipeline quality natural gas.

California energy officials last week continued to wrestle with where to find more natural gas, renewables and purchased power sources for electric generation as they dealt with closing San Onofre Nuclear Generating Station (Songs). Southern California Edison Co.’s (SCE) decision to shutter the 2,200 MW facility could cost $3 billion cost for up to 50 years (see NGI, June 10).

With the advent of more renewables and more retirement of coal-fired power plants, an almost three-decade-old coalition of energy regulators and planners from throughout the western states has authorized a study of the level of coordination among the natural gas and electrical systems in the region.

A policy analyst for a conservative think tank in Ohio blasted Gov. John Kasich’s plans to levy new severance taxes for natural gas, accused the Obama administration of waging a “war on coal” that hurts the state and urged legislators to repeal renewable energy requirements.

While President Obama pledged to support domestic oil and natural gas development, he said he “will not let oil companies write this country’s energy plan.”