Williams continues to see strong demand for natural gas services on its midstream assets despite the higher price environment, with another record quarter of gathering and transmission volumes driving an increase in earnings guidance for 2021. CEO Alan Armstrong said he was surprised at how inelastic demand for natural gas was during the third quarter,…
synthetic natural gas
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Baker Hughes Revving Up Synthetic Natural Gas Technology, CCUS Options
Baker Hughes Co. is expanding its global carbon capture portfolio with an investment in an upstart company developing synthetic natural gas (SNG) that could be stored and transported in existing pipelines. The Houston-based oilfield services operator said Monday it is taking a 15% stake and a board seat in Germany’s Electrochaea GmbH. The Munich firm’s…
July 2, 2021