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EQT Signs Oil & Gas Decarbonization Charter at UN COP28
There’s been a lot of news coming from the UN COP28 climate event in Dubai. In some respects, we feel like it’s a firehose of news about leftists targeting fossil energy (even though the event is being hosted by the CEO of a fossil fuel company). COP28 runs from Nov. 30 to Dec. 12, so we will bring you important news from the event in due course. Today, we focus on one bit of news: Some 50 oil and gas companies from around the world, representing 40% of global oil production, launched a new initiative called the Oil and Gas Decarbonization Charter (OGDC). EQT Corporation is one of the 50 participants.
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Looking for a great job in the oil and gas industry? From apprentices and graduate opportunities to highly skilled professionals in IT and technology, sales and marketing, finance, upstream, and trading, bioenergy, EV charging, hydrogen… even so-called renewables and power — six oil and gas supermajors are hiring. They include BP, Shell, TotalEnergies, Chevron, ExxonMobil, and (yes, even our enemy) Saudi Aramco. They all want new employees. Find out more below.
On Monday, MDN alerted you that Shell’s new CEO, Wael Sawan, would address the entire company (yesterday) in an attempt to talk some of the Millennial snowflakes that work for him off the climate change ledge (see 
Shell’s new CEO, Wael Sawan, is capable of rational thought, unlike his predecessor, Ben van Beurden. Previous CEO van Beurden had set the company on the suicidal path of reducing oil and gas drilling in favor of investing in renewable energy. It turns out that’s not making any money for the company. So at an investor meeting in June, Sawan unveiled a new strategy — back to more drilling for oil and gas and less dithering with renewables (see 
Explosive news from the Pittsburgh Business Times about the ill-fated plan by Pennsylvania to try and attract one of 6-10 regional hydrogen hubs to the state. As we told you yesterday, according to Reuters, PA’s application to score a government grant for a hydrogen hub, called the Decarbonization Network of Appalachia (DNA H2Hub), was passed over in favor of West Virginia’s plan called the Appalachian Regional Clean Hydrogen Hub, or ARCH2 (see 
Last Friday, MDN told you about a new Cambridge University study published in the journal Science exposing the sale of carbon credits as a scam (see 
There is trouble brewing along the Gulf Coast between Venture Global LNG and its biggest customers: BP, Shell, Edison International (an Italian utility company), Repsol, and GALP Energia (a Portuguese energy company). Venture Global is building the Calcasieu Pass LNG export facility in southwestern Louisiana’s Cameron Parish, less than 50 miles south of Lake Charles. While Venture Global is still working on completing Calcasieu Pass, it has, so far, shipped some 177 cargoes of LNG, much of that during the mega-high prices of last year when the Russia/Ukraine war was at its peak. Yet none of those cargoes went to the facility’s contracted customers, causing trouble.
Newly-elected Gov. Josh Shapiro, who appears to be completely ineffective since taking office (which is not necessarily a bad thing), appointed a working group in April to help guide him on what he should do concerning the Regional Greenhouse Gas Initiative (RGGI) carbon tax and the broader issue of global warming (see 
In July, the Pennsylvania Dept. of Environmental Protection (DEP) announced that it had appointed a 17-member committee to figure out how to dole out $5 million to fund local community projects located near the Shell cracker plant in Beaver County, PA, following a $10 million fine against the plant for violating air emissions standards (see 
The biggest of the Big Oil companies, including Shell, Chevron, and Exxon Mobil, are making it quite clear that natural gas is here for decades to come. Leftists tried to sell the B.S. line that natural gas is a “short-term bridge to greener energy sources.” When that lie began to fall apart, leftists got agitated and began to sputter nonsense about natgas being a whole lot dirtier than anybody thought. Again, their lies are falling on deaf ears–at least the ears of Big Oil. Unless the left can bully the world’s biggest governments into destroying some of the biggest companies in the world–oil and gas companies–the only opinion that matters is that of the oil companies themselves because they are the ones who will (or will not) do more drilling.
Last Thursday around 30-40 environmental activists (anti-fossil fuelers), along with a handful of local residents, rallied in Beaver, PA, before showing up for the Beaver County Commission regular meeting. The protesters, who want the Shell ethane cracker plant shut down, vented their concerns about the plant to county commissioners. The three county commissioners listened while antis vented for more than an hour (they should receive hazard pay). The problem is, the protesters were in the wrong venue.
Looks like Shell’s new CEO, Wael Sawan, is capable of rational thought, unlike his predecessor, Ben van Beurden. Previous CEO van Beurden had set the company on the suicidal path of reducing oil and gas drilling in favor of investing in renewable energy. It turns out that’s not making any money for the company. So at an investor meeting this week, Sawan is going to unveil a new strategy–back to more drilling for oil and gas and less dithering with renewables, according to Reuters. In addition, super-secret sources whispering to Bloomberg say that Sawan is trying to cut more deals with China and India to sell more LNG. Sawan “sees a long-term role for natural gas in the world’s energy mix” and Shell is going to help meet that need.
The Shell ethane cracker plant in Beaver County, PA (near Pittsburgh) has experienced a number of problems over the past six months during startup, including flaring and foul odors (see