PepsiCo Inc. has signed two agreements with Ørsted on Jan. 14 to purchase a portion of energy from the 298 MW Haystack wind project in Nebraska and the 367 MW Western Trail wind project in Texas.
Policy and permitting, the environment and metocean conditions, and infrastructure were among the topics discussed as companies aim to advance projects.
Executives from Equinor, Shell, Total and WindEurope discuss how producers of oil and gas are transferring knowledge to offshore wind.
The universe’s most abundant element, hydrogen has been touted for decades as an alternative energy source to fossil fuels, but attempts to commercialize it for use in vehicles and industry have largely failed.
New U.S. Energy Secretary Jennifer Granholm envisions oil and gas companies contributing expertise to develop low-carbon fuel sources as part of the energy transition.
The agreement for solar power from a proposed project in Texas is the result of an initiative launched by Enterprise Products in 2020 to expand solar power purchasing and/or installations across its system, co-CEO Jim Teague says.
Siemens Energy has teamed up with Intermountain Power Agency on March 1 to perform a conceptual design study on integrating a hydrogen energy storage system into an advanced class combined cycle power plant.
Chevron also signed a letter of intent for a potential pilot project in California to deploy heat power, which is an affordable form of renewable energy that can be harnessed from either geothermal resources or waste heat.
Exxon Mobil, which has faced fresh pressure from investors since late last year, also appointed Comcast executive Michael Angelakis to its board on March 1.
Oil and gas companies attaining global sustainability goals will depend on partnerships formed across sectors—like BP’s deal with Amazon, says CEO Bernard Looney during CERAWeek.
Oil and gas companies can play a role in the energy transition and bring a particular skillset to help reduce carbon emissions, such as sequestering carbon and burying nuclear waste, Bill Gates says.
Never has the opportunity been greater for oil and gas companies to take on a larger role to lead in the ongoing energy transition, says Angie Gildea, who serves as national sector leader for energy, natural resources and chemicals at KPMG.
Oil companies have come under increasing pressure from shareholders, governments and activists to show how they are changing their businesses from fossil fuels toward renewables, and to accelerate the energy transition.