Energy Transition

Chevron Corp. is aiming by 2050 to reach net-zero carbon in its equity upstream operations, with more capital set to be poured into alternative energies and improved efficiencies across the traditional global oil and natural gas businesses. The San Ramon, CA-based integrated major has adopted a net-zero pledge within 30 years for Scope 1 (direct)…

Houston-based Apache Corp., one of the biggest natural gas producers in the Permian Basin, has ended routine flaring across its Lower 48 operations three months ahead of schedule. The independent had set a goal to end flaring in U.S. onshore by year’s end as part of its environmental, social and governance (ESG) initiatives.  “In early…

Canada stepped forward Monday as the first and so far only national subscriber to a global climate change policy goal of cutting oil and gas industry methane emissions by 75% from 2012 levels as of 2030. Federal Environment Minister Jonathan Wilkinson kept a Canadian Liberal government re-election promise by endorsing a toughened version of a…

Exelon Generation plans to invest more than $300 million in capital projects to upgrade its nuclear power plants in Illinois as a result of sweeping clean energy legislation passed last month. Gov. J.B. Pritzker in mid-September signed Senate Bill (SB) 2408 to put Illinois on a path toward 100% renewable energy by 2050. The bill…

Dow Inc. announced a plan Wednesday to develop a net-zero carbon emissions ethane cracker for an industrial customer in Alberta as a capacity expansion by its Fort Saskatchewan complex northeast of the provincial capital in Edmonton. The cracker, fueled by natural gas, would be capable of producing 1.8 million tons/year of ethylene. Environmental renovations of…

Underground carbon disposal has to increase 172-fold to hit the global greenhouse gas (GHG) cleanup target set by the International Energy Agency (IEA), according to an industry review by consulting firm Sproule Associates. The role for carbon capture, utilization and storage (CCUS) as outlined by IEA in August, spells “tremendous growth and revenue generation,” said…

BP plc has snapped up U.S.-based Blueprint Power, whose technology is centered around reducing emissions in urban markets using flexible energy power networks. The New York City firm, founded in response to energy regulations after Hurricane Sandy in 2012 knocked out power to the region, uses bespoke algorithms to optimize the energy efficiency of buildings.…

Under current policies, oil and natural gas production will continue growing through 2050 amid rising global energy consumption driven by developing Asian economies, according to the latest long-term projections from the U.S. Energy Information Administration (EIA). In its International Energy Outlook 2021(IEO2021) report published Wednesday, the agency predicted a nearly 50% increase in global energy…

The California Public Utilities Commission (CPUC) plans to consider two proposals to increase allowable working gas capacity at the Aliso Canyon natural gas storage facility in Los Angeles County. The proposals are meant to ensure sufficient supplies this winter for gas and electric customers in the Los Angeles Basin, CPUC said last week. The currently…