U.S. shale gas producer CNX is capturing waste methane emissions from a large coal mine in Virginia and using the emissions to generate carbon credits and electricity, resulting in a new cash flow stream for the company, Ravi Srivastava, president of CNX’s new technologies division, told analysts during the company’s third quarter 2023 conference call.
November 20, 2023, 6 AM MST
U.S. gas producers are cautiously optimistic prices will increase from recent lows this winter as production is moderated, LNG exports continue to hit record highs, and temperatures return to seasonal norms.
November 16, 2023, 12 AM MST
EQT, the largest gas producer in North America, is planning to produce hydrogen and aviation fuel from natural gas as part of the Appalachian Regional Clean Hydrogen Hub (ARCH 2), one of several projects recently funded by the U.S. government in its multibillion-dollar effort to build out a hydrogen industry.
November 3, 2023, 12 AM MDT
ConocoPhillips advanced its LNG strategy in the first half of 2023, completing the acquisition of an equity interest in Qatar’s North Field South project and agreeing to an offtake deal with the planned Saguaro LNG export facility in Mexico.
September 13, 2023, 12 AM MDT
Permian oil producer Pioneer Natural Resources Company’s efforts to find higher value markets for its associated gas production are paying off, chief financial officer Neal Shah said during the company’s second quarter results call.
August 18, 2023, 10:58 AM MDT
A rush of dealmaking in the Permian basin in the last year-and-a-half has resulted in private operators cashing in and while the acquirers consolidated assets, it makes further acquisitions a challenge, Diamondback Energy, Inc. chief executive officer Travis Stice said at the company’s second quarter 2023 conference call.
August 17, 2023, 10:53 AM MDT
A corporate culture focused on driving down costs while driving up well productivity is allowing Permian oil producer Diamondback Energy, Inc. to drill more wells faster while keeping a lid on capital expenditures, chief executive officer Travis Stice said at the company’s second quarter 2023 conference call.
August 17, 2023, 10:34 AM MDT
EQT Corporation, the biggest independent U.S. natural gas producer, is dipping its toes in the LNG export market.
August 14, 2023, 6 AM MDT
U.S. supermajor Chevron Corporation will only take equity stakes in LNG liquefaction terminals when necessary to get its gas to market, CEO Mike Wirth said on the firm’s second quarter results call.
August 14, 2023, 8:19 AM MDT
U.S. supermajor Chevron Corporation achieved record Permian Basin production of 772,000 boe/d in the second quarter of 2023, up 11 per cent compared to the same quarter of 2022 and up five per cent from its previous record quarterly production of 738,000 boe/d in the final quarter of 2022.
August 11, 2023, 11:01 AM MDT
U.S. natural gas giant EQT Corporation continues finding ways to drive drilling and completions productivity levels higher at its Marcellus and Utica shale development.
August 9, 2023, 3:32 PM MDT
The U.S.’s largest natural gas producer, EQT Corporation, says it is on track to achieve its goal of net-zero Scope 1 and Scope 2 greenhouse gas (GHG) emissions in its production segment by 2025.
July 25, 2023, 8:03 AM MDT
Chinese oil and petrochemicals product supplier Sinopec made progress towards its goal of creating a full value-chain for hydrogen during 2022, advancing production, refuelling stations, fuel cells and storage technologies, according to the company’s latest sustainability report.
July 13, 2023, 12 AM MDT
BP plc is one of the few oil majors to set an absolute Scope 3 emissions reduction target — meaning it has a goal to reduce the emissions from the combustion of the fossil fuels it produces, as well as the emissions it takes to produce them.
July 6, 2023, 12 AM MDT
PetroChina, the largest oil and gas producer in China, saw a 6.35 per cent year-on-year decrease in methane emissions from 2021 to 2022, the first two years the company reported data.
June 27, 2023, 4:08 PM MDT
Australia major Woodside Energy Group’s net equity Scope 1 emissions rose sharply in 2022 to 5.3 million tonnes CO2e from 3.5 million tonnes CO2e the prior year due to a merger with BHP Group’s petroleum arm completed in June 2022, Evaluate Energy data shows.
June 22, 2023, 8:38 AM MDT
Chevron Corporation reduced its Scope 1 operated greenhouse gas emissions to an all-time low of 52 million tonnes of CO2e in 2022, following a small increase in 2021 due to increased production as economies recovered from the Covid-19 pandemic, according to Evaluate Energy data.
June 14, 2023, 9:29 AM MDT
Canada is one of several countries looking to develop the first wave of export-focused hydrogen projects. But, with the sector eventually projected to become as big as the LNG market, there should be plenty of demand remaining for hydrogen from projects that are slower to get to FID.
April 26, 2023, 12 AM MDT
Global upstream oil and gas investment fell from a peak of just under $900 billion in 2014 to less than $400 billion in 2021, according to the annual Gas Market Report of the Gas Exporting Countries Forum (GECF).
April 19, 2023, 6 AM MDT
It’s not just Canadian oil and gas operators who are focused on cutting methane emissions — the world’s biggest energy companies are also targeting major reduction across their portfolios as a quick route to reducing overall GHG emissions.
April 11, 2023, 10:28 AM MDT
New supply and demand models released by oil and gas firms show that the LNG trade could become increasingly important over the next two decades as countries shift focus to energy security over emissions management.
April 5, 2023, 10:23 AM MDT
New modelling by the Energy Information Administration (EIA) shows that the U.S. will make significant progress in emissions reduction thanks to the passing of the Inflation Reduction Act (IRA). But because the U.S. will remain a net exporter of natural gas and oil until 2050 under most scenarios, there will be a limited impact on upstream gas production.
March 30, 2023, 9:53 AM MDT
U.S. LNG exports played a leading role meeting Europe’s urgent demand for natural gas after the EU curtailed Russian imports in 2022 following its invasion of Ukraine.
March 23, 2023, 8:22 AM MDT
Chevron Corporation is cementing its position in LNG markets while working with customers on a future pivot to hydrogen once transportation technology is commercially available.
March 16, 2023, 6 AM MDT
The war in Ukraine has resulted in a structural change in global LNG markets.
March 9, 2023, 8:33 AM MST
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