Energy Transition

Offshore energy companies are shoring up their strategies beyond oil and natural gas by extending their expertise into new energies like wind as they junk carbon emissions and hew to investor demands, an expert panel said Monday. The Offshore Technology Conference (OTC) 2021, an energy confab traditionally focused on oil and gas, opened the doors…

Natural gas and carbon capture, storage and utilization (CCUS) together offer the most feasible near-term path for expanding low-carbon hydrogen production in Latin America, according to new analysis by the International Energy Agency (IEA). Currently, the most prevalent and economically feasible way to produce hydrogen is by splitting it from natural gas without abatement of…

Five natural gas utilities have committed $45 million to an Energy Capital Venture (ECV) fund to bolster digital advancements along with environmental, social and governance (ESG) strategies within the natural gas industry.  Chicago-based ECV was founded in 2020 to focus on local distribution companies and natural gas utilities with an eye on creating a more…

Overcoming the impacts of climate change remains “the global challenge of our time,” a top oil and gas industry spokesperson said Tuesday.  American Petroleum Institute (API) spokesperson Bethany Aronhalt told NGI that the oil and gas industry is working to combat the rise in greenhouse gas (GHG) emissions.  The Intergovernmental Panel on Climate Change (IPCC),…

The future for Houston-based NRG Energy Inc. includes natural gas and retail consumer services with less coal-fired generation, CEO Mauricio Gutierrez said recently. The integration of Direct Energy, a natural gas retailer, along with a growing integrated consumer services platform, were the major drivers for increased earnings in the second quarter, Gutierrez said during a…

Bismarck, ND-based MDU Resources Group Inc. sees growth in its infrastructure businesses building natural gas pipelines and supplying construction services and materials as the Biden administration’s omnibus infrastructure bill passed the U.S. Senate Tuesday. The Biden administration’s “infrastructure proposals will provide additional multi-year opportunities to some of our core businesses, such as surface transportation improvements,…

The $1 trillion infrastructure bill passed by the U.S. Senate Tuesday with bipartisan support includes a big boost in spending on renewable energy, the power grid and programs to broadly promote lower greenhouse gas emissions to slow climate change. The massive bill contains more than $550 billion in new spending. About $110 billion of that…

Rapid City, SD-based Black Hills Corp. sees renewable natural gas (RNG) as an eventual sustainable driver for continued earnings and customer growth throughout its eight states of utility operations, CEO Linn Evans said earlier this month. Black Hills is “working pretty aggressively” on RNG, Evans told analysts during the second quarter 2021 earnings call. There…

Oregon utility Portland General Electric Co. (PGE) is embracing a move by the state that effectively bans any new or repowered fossil fuel electric generation plants, including those powered by natural gas.  During a recent 2Q2021 earnings conference call, CEO Maria Pope said the energy transition to electrification and increased power demand fits nicely with…