The acquisition of Inspire Energy, a renewable energy residential retailer with joint headquarters in Santa Monica and Philadelphia, advances Shell’s strategy to build and scale renewable and low-carbon businesses, the European supermajor said.
Cenovus signed a 15-year power purchase agreement for the full output of a solar facility in southern Alberta, providing the offtake contract necessary for the construction of the project and ultimately helping Cenovus mitigate its scope 2 emissions.
Analysts share insight on the oil and gas industry’s response to climate concerns and the future of fracking that has led some, like Shell, to consider withdrawing from the Permian Basin plus what opportunities remain for those choosing to stay.
CNX Resources reported it is net carbon negative for Scope 1 and 2 emissions—unique in the natural gas upstream and midstream sectors, according to the shale gas producer.
Unlike fine wine, inactive oil and gas wells don’t get better with age.
Hess was recognized as the No. 1 energy company on the 100 Best Corporate Citizens list for its outstanding ESG transparency and performance this past year, the global independent oil and gas company said.
The initial project, which began in late May, supported a NGL customers’ highly efficient simultaneous fracturing, or simul-frac, completion activities in New Mexico’s Lea County within the northern Delaware Basin.
High levels of government intervention in climate policy will likely not slow down oil demand over the next decade, new study says.
John Robitaille, CEO of Encore Green Environmental, explains how partnering with agriculture to economically treat produced water could improve the carbon footprint of oil and gas producers.
While the company agrees that urgent action is needed to combat climate change, Shell CEO Ben van Beurden said a court judgment against a single company is not effective.