Energy Transition

Crescent Energy Co. has an agreement with  Verdun Oil Co. II LLC to snap up oil-rich assets in the Uinta Basin, formerly held by EP Energy Corp., for $815 million. According to Houston-based Crescent, pro forma oil production nine months following the Uinta acquisition could increase to 134,000-148,000 boe/d from 114,000-124,000 boe/d. The assets, primarily…

California-based Clean Energy Fuels Corp. and Enbridge Inc.’s new ventures arm Canadian Union Energy Solutions (UES) have landed an agreement to launch their fourth Ontario compressed natural gas (CNG) outlet. The multi-year deal would use CNG to fuel 25 converted delivery vans of United Parcel Service (UPS) in London, 120 miles southwest of Toronto. The…

Pennant Midstream LLC has inked a bundle of agreements to accept delivery of renewable natural gas (RNG) into its gathering system, bolstering efforts to reduce carbon dioxide (CO2) emissions. The Pennsylvania-based company said it signed deals with a subsidiary of Australia’s Energy Developments Pty Ltd. (EDL) to accept RNG deliveries. Under the agreements, Pennant would…

Crescent Energy Co. announced on Monday it is joining the Oil and Gas Methane Partnership (OGMP) 2.0 to address methane emissions across its Lower 48 assets.  By joining the OGMP 2.0, Crescent management said it would adopt a rigorous reporting standard to quantify methane leaks to assist the exploration and production (E&P) firm in creating…

Renewable power suppliers in the United States will soon gain a Canadian oil export conduit as a customer, according to TC Energy Corp. As part of its fourth quarter results, the Calgary conglomerate said Tuesday contracts would be awarded before the end of June to U.S. legs of the Keystone oil pipeline system to revamp…

TotalEnergeis SE agreed to produce renewable natural gas (RNG) alongside organic waste and water treatment company Veolia Environnement SA. The French companies plan to co-invest in projects that have the potential to produce by 2025 up to 1.5 terawatt-hours/year (TWh/y) of RNG.  Veolia said it would produce RNG from wastewater and organic waste collected from…

Kinder Morgan Inc. (KMI) plans to permit and construct a renewable diesel (R99) hub in Southern California as growth opportunities in the market expand.  “As refineries are converting to renewable diesel, we believe this is an attractive opportunity to pivot to the energy fuels of the future in a manner that is consistent with our…

Pacific Gas and Electric Co. (PG&E) is getting the jump on its methane leak detection requirements and employing new tools to detect the greenhouse gas as it aims to inspect 1.2 million pieces of equipment this year throughout its California distribution system. The San Francisco-based utility has started the next leg of its three-year methane…

Two of the top natural gas producers in the Lower 48, Southwestern Energy Co. and Range Resources Corp., are expanding their efforts to certify supply in separate agreements with Project Canary.  In one agreement, Range Resources entered into an ongoing deal with Houston-based Engie Energy Marketing to market its supply under Project Canary’s responsibly sourced…