Energy Transition

Natural gas will remain a “key transition fuel” until the mid 2040s to ensure electricity systems maintain their reliability for dispatchable generation, according to TotalEnergies SE. The French integrated major, which has a worldwide portfolio of oil, natural gas and alternative energy projects, recently issued its fifth annual outlook of the global markets. The forecast,…

Major energy producers, midstream operators and petrochemical giants are set to kickstart a string of nationwide hydrogen hubs, four fueled with natural gas, to advance emissions reductions from the hard-to-decarbonize industrial sectors. Seven hydrogen hubs, aka H2Hubs, were recently selected to receive a total of $7 billion from the U.S. Department of Energy (DOE) to…

Natural gas investment would continue even in a future scenario where all nations meet their emissions reduction pledges, the International Energy Agency (IEA) said in a new report on the role of oil and gas companies in a changing energy landscape. The report, titled “The Oil and Gas Industry in Net Zero Transitions,” was peer…

A legal face off with the Trudeau government has been launched after Alberta Premier Danielle Smith on Monday called for provincial agencies to reject federal regulations that set a path for a net-zero electric grid by 2035. Smith, in introducing the Alberta Sovereignty within a United Canada Act, asked the province’s legislative assembly “to take…

Electrification and rising penetration of renewables should drive continued growth in North American natural gas demand over the coming years, according to TC Energy Corp. CEO François Poirier.  “Global policies mandating new energy solutions to meet climate targets are driving the need for more of everything – all of our services,” Poirier said Tuesday during…

The European Parliament called for a “tangible phase-out of fossil fuels as soon as possible,” ahead of the United Nations climate summit that gets underway in Dubai on Thursday. However, slow economic growth and rising inflation has left European governments delaying the transition from fossil fuels to renewables. European Union (EU) member states are free…

Chemicals giant Dow Inc., one of Western Canada’s top natural gas customers, has sanctioned an integrated ethylene cracker and derivatives complex in Alberta, which it said would be the first of its kind to reduce direct and indirect carbon emissions to net zero. The estimated US$6.5 billion brownfield investment, dubbed Fort Saskatchewan Path2Zero, is expected…

Choking off the world’s oil and natural gas supply will slow instead of speed ambitions toward achieving net-zero carbon emissions, ExxonMobil CEO Darren Woods warned earlier this month.  In his address at the Asia-Pacific Economic Cooperation’s CEO summit, Woods shared how ExxonMobil’s view of climate change has evolved over three decades, from skeptic to believer.…

As coal-fired power generating plants are retired in a push for utilities to reach clean energy goals, a greater reliance on natural gas for power generation could support prices over the long term, according to market analysts. Generally speaking, coal retirements are bullish for natural gas pricing, analysts said. “As coal retires, the supply of…