Articles tagged Hydrogen

Integrated energy major ExxonMobil is seeing bottom-line gains by simplifying and standardizing operations, a strategy that should continue to benefit the global natural gas and oil operations, CEO Darren Woods said Friday.

The European Union (EU) this week adopted new market rules for natural gas and hydrogen that allow member countries to essentially ban the import of Russian LNG.

State-owned Saudi Arabian Oil Co., better known as Aramco, is targeting a 60% increase by 2030 in its natural gas production from 2021 levels as domestic consumption rises in the Kingdom.

Projects to reduce carbon emissions got no respect from the oil and gas industry for years, but that’s in the past, as investments in biofuels and carbon capture are becoming a revenue stream, ExxonMobil CEO Darren Woods said Wednesday.

Major energy producers, midstream operators and petrochemical giants are set to kickstart a string of nationwide hydrogen hubs, four fueled with natural gas, to advance emissions reductions from the hard-to-decarbonize industrial sectors.

Chemicals giant Dow Inc., one of Western Canada’s top natural gas customers, has sanctioned an integrated ethylene cracker and derivatives complex in Alberta, which it said would be the first of its kind to reduce direct and indirect carbon emissions to net zero.

Choking off the world’s oil and natural gas supply will slow instead of speed ambitions toward achieving net-zero carbon emissions, ExxonMobil CEO Darren Woods warned earlier this month. 

Forecasts suggest that it would take time before U.S. hydrogen production is up to speed to match burgeoning demand, and before pilot projects produce conclusive results for blending the fuel in natural gas infrastructure. Natural gas and electric utilities, nonetheless, are eager to leverage the fuel to lower emissions in existing infrastructure and electricity generation.  

The U.S. Gulf Coast has seen a bevy of potential deals and partnerships as large Asian natural gas buyers eye using gas-derivative, low-carbon fuels to help meet ambitious climate goals.

A Canadian startup is targeting 2025 to begin a low-carbon hydrogen blending pilot with local natural gas utility Gas New Brunswick.