Emissions

ExxonMobil is targeting net zero Scope 1 and 2 greenhouse gas emissions from its operated Permian Basin assets by 2030, the company said Monday. The Irving, TX-based supermajor was producing 500,000 boe/d in the Permian at the end of the third quarter, accounting for more than 40% of the company’s U.S. net production. ExxonMobil plans…

Responsibly-sourced natural gas (RSG) is key to unlocking more demand for the fuel overseas, but largely in countries that can afford it, according to a panel of U.S. producers and exporters that spoke in Washington, DC, earlier this month. “RSG is a contract between a region that is privileged to have the supply and a…

FERC Chairman Richard Glick last week argued that the “reasonably foreseen” carbon emissions from natural gas infrastructure should be included in every certificate review, but not everybody agrees with him. The Federal Energy Regulatory Commission held a day-long technical conference on Nov. 19 concerning natural gas projects proposed under section 3 or 7 of the…

The Interstate Natural Gas Association of America (INGAA) recently unveiled updated greenhouse gas (GHG) emissions commitments for members, part of a larger effort to achieve net-zero emissions from transmission and storage operations by 2050. INGAA said its 27 member companies have pledged several measures to reduce methane emissions from pipelines, pneumatic controllers, storage and compressor…

The Saudi Arabian Oil Co., better known as Aramco, recorded a substantial increase in profits during the third quarter on rebounding global energy demand, which is likely to “remain healthy for the foreseeable future,” CEO Amin H. Nasser said. Higher oil volumes sales and prices, combined with stronger refining and chemicals margins, were underpinned by…

The UK government has unveiled an ambitious strategy to reach net-zero greenhouse gas emissions by 2050 that would significantly curb reliance on oil and natural gas without phasing them out completely.  The nearly 400-page plan details policies and proposals that build on a “Ten Point Plan” released last year by Prime Minister Boris Johnson. The…

Underground carbon disposal has to increase 172-fold to hit the global greenhouse gas (GHG) cleanup target set by the International Energy Agency (IEA), according to an industry review by consulting firm Sproule Associates. The role for carbon capture, utilization and storage (CCUS) as outlined by IEA in August, spells “tremendous growth and revenue generation,” said…

BP plc has snapped up U.S.-based Blueprint Power, whose technology is centered around reducing emissions in urban markets using flexible energy power networks. The New York City firm, founded in response to energy regulations after Hurricane Sandy in 2012 knocked out power to the region, uses bespoke algorithms to optimize the energy efficiency of buildings.…

BP plc is pouring $269 million into three projects at its Cherry Point Refinery in Washington to improve efficiencies, reduce emissions and increase renewable diesel production capability. The projects, slated to create 200-plus construction jobs, 25 engineering jobs and 40 support roles, align with the integrated energy major’s goal to be net zero emissions across…