Energy Transition

Kinder Morgan Inc. (KMI) is partnering with Neste to create a raw material storage and logistics hub at its Harvey, LA, terminal. The hub is to be used to help ramp up production of renewable diesel, sustainable aviation fuel (SAF) and renewable feedstock for polymers and chemicals. Neste would store a variety of raw materials…

Designating natural gas as certified or “responsibly sourced” may do little to reduce its carbon intensity, but as U.S. and overseas customers question how their fuel is produced, the branding is growing in importance to ensure conformity and transparency, according to industry experts. A conundrum of challenges is facing natural gas buyers today, as many…

North American natural gas buyers are ready to embrace low-carbon options for their customers, but executives said they are wary about the dearth of regulatory mandates, which could determine which direction to take. Reducing the carbon footprint is a worthy goal, said DTE Gas Co.’s Eric Schiffer, principal marketing specialist for the DTE Energy Co.…

National Fuel Gas Co., whose footprint extends across the country, has set a goal to lower its carbon footprint in 2030 by double-digits across the exploration, midstream and utility segments.  The goals were announced recently in the company’s 2020 Corporate Responsibility report, which provided a review of environmental, social and governance (ESG) metrics. The diversified…

Using the financial muscle of its global natural gas and oil portfolio, Chevron Corp. is tripling its investments in low-carbon ventures with an eye on becoming a force in renewable fuels, hydrogen, carbon capture and offsets. The nation’s No. 2 oil producer on Tuesday pledged to earmark $10 billion in capital spending for low-carbon opportunities…

A report released last week by the U.S. Department of Energy (DOE) suggests that by 2035 solar energy has the potential to power 40% of the nation’s electricity, or the equivalent of all the nation’s homes. Getting to a 40% supply share, however, would involve a dramatic increase in the deployment of solar. In 2020,…

Global demand for refined products is expected to peak in 2036 and then decline by 2050 lower than 2019 levels, according to a new forecast by IHS Markit. From 2021 to its 2036 peak, total refined product demand is expected to grow by nearly 9 million b/d. Refined products include production from refineries, such as…

National Fuel Gas Co., whose footprint extends across the country, has set a goal to lower its carbon footprint in 2030 by double-digits across the exploration, midstream and utility segments.  The goals were announced last week in the company’s 2020 Corporate Responsibility report, which provided a review of environmental, social and governance (ESG) metrics. The…

Chevron Corp., one of the largest oil and natural gas producers in the world, is moving swiftly to capture lower carbon energy opportunities, with a bevy of partnerships announced in recent weeks designed to build its market share. The San Ramon, CA-based supermajor is expanding its reach into the U.S. compressed natural gas (CNG) market…