Energy Transition

State-owned Saudi Arabian Oil Co., better known as Aramco, is targeting a 60% increase by 2030 in its natural gas production from 2021 levels as domestic consumption rises in the Kingdom. Speaking to investors during a conference call on Monday, CEO Amin Nasser and CFO Ziad Al-Murshed discussed an array of projects underway to boost…

As California utilities prepare their systems for upcoming summer demand, hydro-electric generation and other renewable resources remain important tools in the state’s energy resource toolbox. However, natural gas is crucial to the stabilization of the power grid, particularly during extreme events, according to state regulators. The California Energy Commission (CEC) is anticipating more robust hydro…

Duke Energy Corp. is awaiting approval from regulators for updated Carolinas resource plans to increase natural gas generation, fueled in part by the Mountain Valley Pipeline LLC (MVP) system, which would transport more Appalachian supply to southeastern markets.  Charlotte, NC-based Duke last summer filed a Carbon Plan and Integrated Resources Plan (IRP) for North Carolina…

ExxonMobil is seeking to prevent some investors from using what it called a “Goldilocks Trojan Horse” strategy to diminish existing business operations.  In a lawsuit filed earlier in January, the integrated major requested judicial relief to exclude a shareholder proposal by Arjuna Capital and Follow This. The lawsuit was filed in the U.S. District Court…

Natural gas imports will continue to play an important part in the UK’s energy mix despite a plan recently launched by the government for nuclear power assets to generate 25% of the country’s electricity by 2050.  The proposed targets of having up to 24 GW of nuclear power online by 2050 in the Civil Nuclear…

News that the Department of Energy (DOE) may pause authorizations for new LNG export projects has stirred reactions from industry groups and environmentalists alike, but what does it mean for domestic and global natural gas supply outlooks? The New York Times was the first to report Wednesday that the Biden administration has directed DOE to…

The world is on track to achieve 800 million metric tons/year (mmty) of LNG capacity by 2030, with Baker Hughes Co. expecting to grab a major slice of the market, executives said Wednesday. CEO Lorenzo Simonelli, joined by CFO Nancy Buese, discussed the Houston-based oilfield service giant’s latest quarterly results and the outlook during a…

The Interstate Natural Gas Association of America (INGAA) said electrifying natural gas compressors would reduce greenhouse gas (GHG) emissions but concerns remain about generator system reliability and resiliency. The trade association, which represents most of North America’s interstate natural gas transmission pipeline companies, sponsored a recent study to discern the advantages and problems of using…

North Dakota energy regulators expect a modest uptick in Bakken Shale oil production this year, though challenges persist around managing the immense volumes of liquids-rich natural gas extracted as a byproduct.  A case in point was the deep freeze on Wednesday (Jan. 17), which shut in about 700,000 b/d of oil and 2 Bcf/d of…