Oil and gas production in the Marcellus and Utica shale plays is expected to drop again next month, according to the U.S. Energy Information Administration. In its monthly drilling productivity report, the agency stated that natural gas production across the Appalachian basin is projected to drop by 162 million cubic feet per day in October
Read More...Recycling is about to become really, really important in California where Gov. Gavin Newsom signed legislation that will require plastic beverage bottles to hit 50 percent recycled content by 2030, creating what he termed the “world’s strongest recycled content standards.” The state Legislature approved the bill in August. The bill would apply to all plastic
Read More...George StarkDirector, External AffairsCabot Oil & Gas George Stark talks about the Shale Energy Alliance “I Fracking Voted” campaign and the need to get out the vote for energy development. As you already know, election day is right around the corner. In fact, today is National Voter Registration Day! What better time to share an exciting new initiative
Read More...U.S. oil producer ConocoPhillips sees global demand returning to 100 million bbl/d and growing from there, with oil an “important part of the energy mix in any scenario” going forward, a senior executive said Sept. 24. The view stands in contrast to that of rival BP Plc, which sees the coronavirus pandemic leaving a lasting
Read More...Top asset managers Vanguard Group Inc. and BlackRock Inc. on Sept. 24 introduced new exchange-traded funds that exclude oil companies, coal producers and other industries that a growing number of investors want to avoid. The so-called ESG funds use environmental, social or governance criteria to pick investments. “In our conversations clients continuously bring up the
Read More...The shipping industry’s “grand challenge” of decarbonization will have to rely on a mix of fuels, rather than wait for the ideal solution to arrive, according to DNV-GL. The consultancy said in its Maritime Forecast to 2050 report that currently there are at least 16 different fuel types and 10 fuel technology systems in the
Read More...Biomethane can help decarbonize Europe’s gas markets, but continued growth depends on policy support, Wood Mackenzie said this week. According to analysts Graham Freedman and Nnenna Amobi, the carbon-neutral renewable gas can be directly injected into existing natural gas infrastructure and decarbonize the heating and transport sectors. That’s because biomethane is a purified form of
Read More...German wind power association WAB and Scottish wind consortium DeepWind have signed a three-year cooperation agreement to develop a market for green hydrogen from wind power. The parties said in a joint statement on Wednesday that the aim is to promote the offshore wind industry and the production of green hydrogen at sea transnationally. The
Read More...Spanish utilities Iberdrola will create a dedicated green hydrogen business unit, as it aims to become a global leader in the technology, Kallanish Energy reports. CEO Ignacio Galán said in a speech during the New York Climate Week, which took place alongside the UN General Assembly, that the company will produce hydrogen from 100% renewable
Read More...French energy major Total announced on Thursday it will convert its Grandpuits crude oil refinery to produce renewable diesel and bioplastics, Kallanish Energy reports. Killing two birds with one stone, Total will shut down its crude refinery after a structural problem with a key pipeline reduced its operational rate to 70% of capacity. To resume
Read More...Austria’s electricity company, Verbund, has acquired a 51% stake in gas pipeline company Gas Connect Austria from OMV in a €217 million ($253 million) deal, Kallanish Energy reports. The agreement, first announced in March this year, was confirmed on Wednesday by both companies. The deal is subject to regulatory approval and is expected to close
Read More...Ohio Attorney General Dave Yost is seeking to keep the owner of two nuclear power plants in Ohio from getting $1.3 billion in bailout money in what has become the largest bribery scandal in state history, Kallanish Energy reports. Yost on Wednesday filed a lawsuit in Franklin County Common Pleas Court to keep Energy Harbor
Read More...Entergy Corp. has announced that is accelerating its climate action goals with a plan to achieve net-zero carbon emissions by 2050, Kallanish Energy reports. The Louisiana-based utility also reaffirmed its commitments to grid reliability and affordability for customers. That new goal is “another major step forward,” said Leo Denault, Entergy’s chairman of the board and
Read More...Palladium Energy LLC and Inverdale Energy Partners have formed a joint venture to develop 500 megawatts of utility-scale solar and solar storage across the United States, Kallanish Energy reports. That is the initial development portfolio. The JV is known as Palladium Energy Development LLC. The companies did not detail plans for the initial solar development. “This
Read More...Solar projects dominated Maine’s largest renewables procurement, Kallanish Energy reports. Solar will provide about 482 megawatts of the 546 megawatts of projects approved for long-term energy projects earlier this week by the Maine Public Utilities Commission. The commission approved 17 projects including solar, onshore wind, hydro and biomass. They were the first to win approval
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