Energy Transition

The Department of Energy (DOE) has conditionally awarded $1.1 billion in federal funding to Pacific Gas and Electric Co. (PG&E) to support extending operations at California’s last remaining nuclear power plant. PG&E’s 2.2 GW Diablo Canyon Power Plant (DCPP) in San Luis Obispo County provides about 17% of California’s carbon-free electricity and 8.6% of the…

The Bureau of Land Management (BLM) has begun a one-month scoping process to take comments on potential oil and natural gas lease sales across parts of Nevada and Utah. The Interior Department agency is reviewing potential auctions for up to 35 parcels in Nevada totaling 63,604 acres and 18 parcels in Utah totaling 31,808 acres.…

Chevron Corp. subsidiary Chevron U.S.A. Inc. is expanding its large-scale U.S. renewable natural gas (RNG) business through its latest plan to receive supply from Mercuria Energy Trading. The San, Ramon, CA-based supermajor’s subsidiary last week signed a definitive agreement with Beyond6 LLC’s co-owners, which include Mercuria, to also take full ownership of B6’s 55 nationwide…

BKV Corp., the largest natural gas producer in the Barnett Shale, is planning to go public as global demand soars. The Form S-1 initial public offering (IPO) was filed Friday (Nov. 18) with the Securities and Exchange Commission. The IPO proceeds would be used in part to repay a loan agreement with Banpu North America…

The Golden State’s largest oil and natural gas producer, California Resources Corp. (CRC), has partnered with ICE Thermal Harvesting LLC and the University of Houston to use zero-emissions electricity for in-field operations.  The pilot project, which was launched at CRC’s flagship Elk Hills oilfield in October, aims to test the feasibility of harvesting thermal energy…

With a pilot project validating an innovative system to produce electricity from natural gas while generating near-zero emissions, NET Power LLC is leading a consortium to construct a 300 MW carbon-free generator in the Permian Basin. NET Power advanced the West Texas project following success with its supercritical carbon dioxide (CO2) demonstration plant in 2018.…

Europe is expected to continue paying exorbitant prices to attract LNG cargoes next year, particularly given how limited new supplies of the super-chilled fuel will be. A decline in sanctioned projects over the last decade during a low price environment and underinvestment in fossil fuels means new liquefaction capacity may be scarce until 2025, when…

Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into Europe’s current energy crisis, the post-coal power market and what this could mean for the future of natural gas. In this episode, NGI Senior Energy Analyst Shaylon Stolk lays out the status of coal-fired power generation and the intersection…

EOG Resources Inc. expects the Utica Shale in Appalachia “to be its next large-scale premium resource play” following the acquisition of 395,000 net acres and 135,000 mineral acres for a combined cost of less than $500 million, management said.  The Houston-based exploration and production firm unveiled the acquisition alongside its third quarter earnings. The acreage…