Energy Transition

TotalEnergies SE, which has a bevy of U.S. energy assets, has agreed to pay $635 million to buy three natural gas-fired power plants in Texas to ensure customers have firm power and to bolster integrated power purchase agreements (PPA). The deal with TexGen Power LLC includes two facilities that serve the Houston area and one…

Alberta and Saskatchewan have secured a Canadian court victory, to turn back environmental challenges and support the petrochemicals sector, which is a top natural gas customer. Federal Court Justice Angela Furlanetto revoked as “unreasonable and unconstitutional” an April 2021 Canadian cabinet regulation that rated all petrochemical items as “toxic” and launched restrictions on popular product…

Pulling carbon emissions from the atmosphere using direct air capture (DAC) is a golden opportunity for oil and natural gas operators, and is likely going to play a bigger role in Occidental Petroleum Corp.’s future, according to CEO Vicki Hollub.  The Houston-based independent, better known as Oxy, has won substantial financial support for the move…

Enbridge Inc. further expanded its presence in the Lower 48 by acquiring a string of renewable natural gas (RNG) facilities. The Calgary-based company said that, as part of ongoing efforts to build a U.S. RNG manufacturing and transportation business, it purchased seven operating landfill gas-to-RNG facilities from Morrow Renewables. The portfolio, valued at $1.2 billion,…

EnLink Midstream LLC continues to see signs of an increasing need for natural gas, with the Permian Basin poised for significant growth ahead following a record quarter. Dallas-based EnLink reported that average natural gas gathering volumes in the Permian were about 6% higher sequentially and 15% higher than the prior-year quarter. Average natural gas processing…

Forecasts suggest that it would take time before U.S. hydrogen production is up to speed to match burgeoning demand, and before pilot projects produce conclusive results for blending the fuel in natural gas infrastructure. Natural gas and electric utilities, nonetheless, are eager to leverage the fuel to lower emissions in existing infrastructure and electricity generation.  …

A veteran team of commodities traders is barely two weeks into the launch of brokerage Snapper Creek Energy, with executives already eyeing an expansion overseas early next year. Helmed by CEO Sid Perkins, the Miami-based commodities brokerage launched in mid-October to trade physical natural gas, natural gas liquids (NGL) and carbon credits. Perkins, a former…

Following the example of some U.S. municipalities, Montreal plans to begin imposing restrictions in October 2024 on new natural gas, propane and oil-burning hookups in an effort to reduce greenhouse gas (GHG) emissions. The local government rules would ban fossil fuel cooking and heating as of next October from new residential buildings up to three…

The European Union’s (EU) energy regulatory agency has recommended bloc members continue reducing natural gas consumption in the short-term and prioritize energy projects that cut future demand. Since European natural gas prices rose to peak levels last summer, the region’s supply and demand balance has found an uneasy equilibrium thanks to demand reduction policies and…