Energy Transition

Climate Vault, a nonprofit begun by a University of Chicago (UChicago) team, has set its sights on curbing carbon dioxide (CO2) emissions by purchasing carbon permits from the cap-and-trade market on behalf of corporations and organizations. The team led by Michael Greenstone founded Climate Vault to aid in reducing CO2 emissions. Greenstone, a professor at…

An open season to gauge support for a pipeline that would transport carbon emissions across five Midwest states for permanent sequestration has drawn enough support that the project could be a go, according to Navigator CO2 Ventures. Valero Energy Corp. and a unit of BlackRock Inc. in March teamed up with Navigator Energy Services to…

Williams, which owns one of the largest natural gas pipeline systems in the United States, said it joined forces with technology stalwart Microsoft Corp. to explore new ways to transform its energy infrastructure network as it pursues a net-zero emissions ambition. “Williams is committed to helping our customers achieve their sustainability goals while meeting energy…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI Mexico Senior Editor Christopher Lenton interviews Lourdes Melgar of the Rice University’s Baker Institute for Public Policy and MIT about the upcoming midterm elections in Mexico and the impact they could have on the natural gas market. The…

Upstart hedge fund Engine No. 1 has captured three board seats at ExxonMobil, in an upset of historic proportions. Shareholders elected nine company nominees but Engine No. 1 has captured three, the Irving, TX-based supermajor announced late Wednesday. The annual meeting held last week had already jolted the investor complex, with Engine No. 1, which…

An industry trade group of Canadian drilling contractors has rebranded to fit into energy transition imagery by purging a fossil fuel reference. Enter the Canadian Association of Energy Contractors (CAOEC). Exit the Canadian Association of Oilwell Drilling Contractors (CAODC), the group’s name since 1949. To explain the switch and declare intentions to march in step,…

California’s coast may be the site of the West Coast’s first installment of offshore wind infrastructure following an announcement by the Biden administration this week. The administration said the Department of Interior (DOI), Bureau of Ocean Energy Management (BOEM) and the Department of Defense (DOD) have agreed to lease 399 square miles off the northern…

The trio of events that appeared to upset the status quo last Wednesday at ExxonMobil, Chevron Corp. and Royal Dutch Shell plc demonstrates increasing risks ahead for oil and natural producers as they transition for the new energy world ahead, according to analysts. Shareholder votes at the annual general meetings for ExxonMobil and Chevron, as…

“For the private and public energy sector, these elections could define the rules of the game for the remainder of the administration,” Layla Vargas, general director at Muvoil Consulting and seasoned expert in the Mexican energy sector, told NGI’s Mexico Gas Price Index. Mexico will hold local, legislative and state elections on June 6.  “Currently, we…