Despite being the clean energy source voted most likely to succeed, the future of hydrogen still faces barriers in investment, storage, transportation and life-cycle emissions.
The loss of demand for Permian Basin crude oil collided with the completion of an aggressive campaign to build pipelines, but the story of natural gas balance in the region is unfolding nicely.
Without access to cheap gas, emerging economies will turn to coal, Tellurian CEO Simões warns, adding that ESG concerns are slowing needed investments to move the energy transition forward.
The energy transition is moving at a fast and furious pace, and the oil and gas industry not keeping up presents its own series of risks, including alienating investors and falling behind in recruiting talent.
French oil and gas giant Total is not backing away from fossil fuels as it builds its renewable and power business, CEO Patrick Pouyanné says.
The sector’s extensive natural gas pipeline network can be a tool to transporting cleaner fuels like hydrogen, CERAWeek panelists say, and maybe prompt investors to give oil and gas another look.
Gina McCarthy, former EPA chief, also dismisses the assumption that Biden’s climate plan must come at the cost of a vibrant energy sector.
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.
John Kerry, Biden’s special envoy on climate, tells the oil and gas sector that he wants to work together on plans to reduce emissions to meet global goals.
High costs, regulatory hurdles and environmentalist opponents have made it difficult to construct major natural gas pipelines out of Appalachia.
