Energy Transition

Denbury Inc. subsidiary Denbury Carbon Solutions LLC has inked a 20-year agreement with Lake Charles Methanol LLC (LCM) to provide carbon dioxide (CO2) transportation and storage for LCM’s $4 billion project to convert natural gas into hydrogen, and ultimately blue methanol.  Denbury said it intends to construct a new pipeline from the Lake Charles industrial…

Consumption of natural gas by U.S. power generators fell by 3% year/year in 2021 after four straight years of growth, the Energy Information Administration (EIA) said Monday. “High natural gas prices in 2021 made natural gas a less competitive fuel, particularly compared with coal; coal prices for electricity generators remained relatively stable in 2021,” said…

LanzaTech NZ Inc. is poised to gain a boost in U.S. opportunities after Australia’s natural gas and oil giant Woodside Energy Group Ltd. agreed to a $50 million investment. In addition, Woodside has a strategic framework agreement (SFA) to collaborate on pilots that demonstrate LanzaTech’s carbon capture and transformation (CCT) technologies. “With both this collaboration…

North America in 2050 is likely to remain “heavily reliant” on natural gas, creating a hurdle in the transition to net-zero carbon emissions, according to experts Renewables in the United States and Canada overall are forecast to comprise “only 34% of primary energy consumption” by mid-century, DNV researchers said in their report, Energy Transition Outlook…

Cheniere Energy Inc. has begun measuring greenhouse gas (GHG) emissions at its two Gulf Coast LNG export terminals to demonstrate its progress to export “cleaner” natural gas. The Houston-based liquefied natural gas exporter has joined the United Nations Environment Programme’s (UNEP) Oil and Gas Methane Partnership (OGMP) 2.0. Cheniere has also initiated the quantify, monitor,…

Two days after reporting solid third quarter results, Schlumberger Ltd. changed its brand to SLB, underscoring its vision for a “decarbonized energy future.” The bellwether oilfield services (OFS) operator, the world’s largest, rebranded to the New York Stock Exchange symbol to affirm its evolving focus on “driving energy innovation for a balanced planet” as a…

Canadian provincial governments have moved to shield customers in four major regions from increased costs associated with federal greenhouse gas (GHG) reduction policies that had previously fallen between the cracks. The moves by Alberta, Ontario. Nova Scotia and Quebec tackle a gap left by the carbon tax, a cornerstone of Canada’s GHG reduction policy. The…

Schlumberger Ltd., founded 96 years ago, has changed its brand to SLB, underscoring its vision for a “decarbonized energy future,” the company said Monday. The rebranding to the New York Stock Exchange symbol is designed to affirm its transformation from the world’s largest oilfield services company to focus on “driving energy innovation for a balanced…

In case the message was missed in August, when Chancellor Olaf Scholz returned to Germany without the LNG he had sought, Prime Minister Justin Trudeau said again that Canada is no fossil fuel warehouse for deliveries on demand. At the National Arts Centre in Ottawa this week, Trudeau only gave Scholz a promise to work…