Energy Transition

BP plc’s critics are unlikely to change their minds about fossil fuels, but CEO Bernard Looney said finding solutions is more practical than simply having an opinion. In a wide ranging interview Wednesday, Looney shared his insight about how BP is working to reduce carbon emissions while ensuring energy security for the globe. Speaking to…

From the Midwest to the Pacific Coast, investor-owned utilities Black Hills Corp. and NW Natural have shored up renewable natural gas (RNG) and investments in the biofuel over the first three months of the year. Days before hosting the first quarter conference call, NW Natural Holdings Co. CEO David Anderson said the company opened its…

Following a strong natural gas price environment in the first quarter, California Resources Corp. (CRC) CEO Francisco Leon said natural gas would “be absolutely needed” in the Golden State.  CRC was able to snag natural gas price realizations “approximately 630%” above the New York Mercantile Exchange (Nymex) index, Leon said during the quarterly conference call…

NextEra Energy Inc. is accelerating its pivot to renewables with a plan to sell some of its major natural gas pipeline assets as soon as this year in an effort to become a 100% renewable energy company. NextEra CEO John Ketchum told investors during a call Monday that its decision to sell pipeline assets would…

Xcel Energy has tasked Worley Ltd. with determining whether its U.S. natural gas pipeline network could inject and blend hydrogen into its system. Australia-based Worley and consultant Advisian Ltd. are reviewing the systems for Xcel, headquartered in Minnesota. Xcel has natural gas infrastructure in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and…

DT Midstream Inc. (DTM) is seeing a reduction in activity among its producer customers in the low natural gas price environment, but record LNG feed gas demand and the potential for increased power burns “could accelerate the tightening of the market,” CEO David Slater said. Speaking to investors Tuesday on the first quarter earnings call,…

Florida-based NextEra Energy Inc. is taking advantage of federal incentives to boost its advantage in renewable natural gas (RNG) and green hydrogen.  CFO Kirk Crews highlighted how the Inflation Reduction Act (IRA) is boosting the company’s ability to add the clean energy assets to its portfolio as it aims to supply a growing customer base…

With one South Texas LNG export project set to be sanctioned by year’s end and a bevy of other ventures underway, Glenfarne Energy Transition LLC is finding its niche by tapping into the environmentally sensitive demands of potential overseas customers that want low-carbon energy. CEO Brendan Duval, who moved from Australia to the United States…

The Renewable E Index, under the ticker Renew-MX, made history in April, becoming the first-ever index on the Mexican Stock Exchange to measure companies’ transition to cleaner fuel use. María Valencia, President of the Validation Committee for the Renewable E Index, spoke with NGI Mexico’s GPI about the index, how it applies to natural gas…