Investment , Liquefied Natural Gas (LNG) , Health, Safety & Environment , Emissions , Midstream

Investors Weigh ESG issues in Making New LNG Bets

The net-zero LNG trade, which typically involves companies offsetting emissions, is expected to grow as investors increasingly consider ESG factors and the energy transition gathers pace, analysts say.

March 29, 2021

Public Capital , Earnings , Emissions , Shale Plays

Occidental Petroleum Ties Low-carbon Business Targets to CEO Bonus

Occidental Petroleum increased the weight assigned to its emissions reductions and low-carbon ventures unit to 30% of CEO Vicki Hollub’s target bonus, according to its proxy filing.

March 29, 2021

Investment , Health, Safety & Environment , Emissions

Bank Lending to Fossil Fuel Industry Down 9%: Report

The 60 largest banks lent more than $750 billion to 2,300 fossil fuel companies in 2020, down from $824 billion in 2019, according to a report by Rainforest Action Network, Reclaim Finance, Oil Change International and other non-governmental organizations.

March 26, 2021

Policy & Regulations , Emissions

Democrats to Use Congressional Tool to Reinstate Methane Rules Axed by Trump

Resolution would put back requirement from 2012 and 2016 the for transmission and storage of methane and VOCs.

March 26, 2021

Emissions , Renewables

E&P Plus Analyst Corner: A Low-carbon Future for the Oil and Gas Industry

Decarbonization is critical for oil and gas companies to be sustainable in a low-carbon future, but most companies are struggling to translate strategy into execution.

March 26, 2021

Investment , Emissions , Shale Plays , Technology , Construction

Occidental to Develop CO2 Sequestration Hub for South Texas LNG Project

Occidental’s venture capital arm, Oxy Low Carbon Ventures, agreed to offtake and transport CO₂ from NextDecade’s planned Rio Grande LNG project and permanently sequester it in an underground geologic formation.

March 25, 2021

Legislation , Health, Safety & Environment , Emissions

US Oil Lobby American Petroleum Institute Backs Carbon Pricing

Oil and gas trade group the American Petroleum Institute said in a call with reporters that it endorsed a carbon-price policy to drive economy-wide solutions.

March 25, 2021

Investment , Emissions , Renewables , Technology

Oilfield Service Companies Embrace Energy Transition

Some of the largest oilfield services companies in the world such as Schlumberger, Baker Hughes and Halliburton are ‘enablers of the transition’ to cleaner forms of energy, analyst says.

March 25, 2021

Investment , Emissions , Technology

Baker Hughes Boosts New Energy Focus with Recent Carbon Storage Partnership

As part of the partnership, Baker Hughes plans to also explore new processes and technologies across the carbon capture, transport and storage value chain for the energy industry.

March 23, 2021

Business , Natural Gas , Health, Safety & Environment , Emissions

SoCalGas Sets Net-zero Emissions Target for 2045

The commitment makes SoCalGas the largest gas distribution utility in North America to set a net-zero emissions target, according to a company press release.

March 23, 2021