Energy Transition

Global Energy M&A Starting Strong as Operators Transform Oil, Gas Portfolios

Global Energy M&A Starting Strong as Operators Transform Oil, Gas Portfolios

Following a slump in dealmaking last year, the oil and gas industry is hitting the reset button in 2021, as operators are making deals with an eye to consolidate and reduce their carbon footprints. Although the year is young, two recent analyses demonstrate the difference between the slumping activity last year and what may be…

March 11, 2021
Canadian Utilities Beginning Hydrogen Energy Field Tests

Canadian Utilities Beginning Hydrogen Energy Field Tests

Canadian utilities are starting trials of green uses for a natural gas substitute, hydrogen, that has to date chiefly served the Alberta oilsands production often criticized by environmentalists. In the 2021-22 heating season, household blends of hydrogen and gas are scheduled to enter field tests in Ontario and Alberta residential fuel markets. A Quebec variation…

March 10, 2021
Japanese Alliance Formed to Buy, Promote Carbon-Neutral LNG

Japanese Alliance Formed to Buy, Promote Carbon-Neutral LNG

Utility Tokyo Gas Co. Ltd. has joined forces with 14 other Japanese city gas end-users to form an alliance dedicated to buying and promoting carbon-neutral liquefied natural gas (LNG).  The Carbon Neutral LNG Buyers Alliance plans to promote awareness for decarbonized cargoes, which, unlike traditional shipments, offsets emissions with credit purchases that fund worldwide environmental…

March 10, 2021
Chevron Putting Priority on Carbon Reduction, with Onshore Emphasis in Permian, Duvernay and Vaca Muerta

Chevron Putting Priority on Carbon Reduction, with Onshore Emphasis in Permian, Duvernay and Vaca Muerta

Chevron Corp. CEO Michael Wirth during the annual investor meeting on Tuesday said the supermajor’s message to investors could best be summed up in four words: higher returns, lower carbon.  Wirth, together with his executive team, laid out a broad global development plan centered around increasing returns on capital employed while slicing the carbon intensity…

March 9, 2021
‘Unique’ Circumstances Bode Well for Improving U.S., Mexico Trade Relationship

‘Unique’ Circumstances Bode Well for Improving U.S., Mexico Trade Relationship

There has been considerable friction between Mexico’s government and U.S. investors in the energy sector recently, but conditions are in place for booming trade between the two nations according to a new analysis by Washington, DC, think tank Center for Strategic and International Studies (CSIS). “The next four years present a once-in-a-generation opportunity for the…

March 9, 2021
Shell Takes Delivery of Europe’s First Carbon-Neutral LNG Cargo

Shell Takes Delivery of Europe’s First Carbon-Neutral LNG Cargo

Russian state-owned Gazprom Group recently delivered to partner Royal Dutch Shell plc what the companies said is the first-ever carbon-neutral liquefied natural gas (LNG) cargo in Europe. Shell said Monday the cargo was unloaded at the Dragon LNG terminal in the UK, which would enable the supermajor to supply more carbon-neutral gas to the domestic…

March 9, 2021

Another Carbon-Neutral LNG Deal Signed in Asia — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Japan’s Mitsui & Co. Ltd. has agreed for the first time to supply gas utility Hokkaido Gas Co. Ltd. with carbon-neutral LNG. The 64,000 million metric ton cargo is set to arrive later this month. The shipment will be offset with emissions credits and delivered…

March 8, 2021
Enterprise, EDF Partner for Solar Project Near Houston

Enterprise, EDF Partner for Solar Project Near Houston

EDF Renewables North America has clinched a power purchase agreement (PPA) with an affiliate of Enterprise Products Partner LP to provide solar energy for the Space City Solar Project near Houston. Construction on the Wharton County site is expected to begin this summer and should be operable by summer 2022. The construction phase is forecast…

March 8, 2021
‘Green’ LNG Rapidly Becoming New Normal Across the World

‘Green’ LNG Rapidly Becoming New Normal Across the World

Major liquefied natural gas (LNG) players are jumping head first into the energy transition, prompted in part  by governments across the world that are prioritizing carbon neutrality, according to executives who consistently touched on the topic at CERAWeek by IHS Markit. The world’s three largest LNG importers, China, Japan and South Korea, along with the…

March 6, 2021
Chevron, Partners Advance Groundbreaking Carbon Capture Project in California’s Central Valley

Chevron, Partners Advance Groundbreaking Carbon Capture Project in California’s Central Valley

A groundbreaking carbon capture power generation project is in the works by Chevron Corp., Schlumberger New Energy, Microsoft Corp. and Clean Energy Systems Inc. (CES) that could open the door to producing carbon negative power in Mendota, CA. The bioenergy with carbon capture and sequestration (BECCS) project in the state’s agricultural mecca of the Central…

March 5, 2021