Flaring

“The entire energy industry — including the electricity and oil industry — is capital intensive,” Carlos de Regules Ruíz-Funes, expert in the Mexican energy industry and former Executive Director of the National Agency for Safety, Energy and Environment of Mexico (ASEA), told NGI Mexico’s GPI.  “Access to that capital requires meeting higher environmental standards and…

Natural gas production in North Dakota swelled by 9.7% in June versus May to 3.06 Bcf/d, while oil production rose 3.5% to 1.1 million b/d, according to the latest figures from the North Dakota Industrial Commission (NDIC). The increases reflect a full recovery from disruptions caused by April snowstorms, as well as strong market fundamentals…

Executives at Mexico’s national oil company Petróleos Mexicanos (Pemex) said in an earnings call Monday that work toward improving natural gas use and lowering emissions is starting to pay off. Pemex reported a 42% improvement in natural gas capture in the first quarter. The company was able to use 91.6% of gas produced, flaring off…

Bakken Shale oil producers will likely limit annual production growth to 1-2% over the next 10 years, driven largely by concerns about natural gas capture, according to North Dakota’s top oil and gas regulator. Department of Mineral Resources director Lynn Helms discussed the outlook, along with the state’s latest production and drilling statistics, with reporters…

Oil and natural gas production in North Dakota, home to the Bakken Shale, slipped in October versus September. Department of Mineral Resources (DMR) director Lynn Helms issued the monthly Director’s Cut on Friday, which provides information about all of the wells capable of producing, as well as permit activity. Natural gas production in October averaged…

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…

Mexico’s national oil company Petróleos Mexicanos (Pemex) is working to limit flaring and increase natural gas production, executives said last week during an earnings call. Reinaldo Wence of downstream unit Pemex Transformación Industrial said “we need all the natural gas we could get… especially with the weather turning cold.” He was referencing the onset of…

Data centers used to mine cryptocurrency such as Bitcoin are proving an attractive option to mitigate natural gas flaring in North Dakota, the state’s top oil and gas regulator said Wednesday. The energy-intensive process of solving cryptographic puzzles to verify transactions on the distributed network known as the blockchain requires a round-the-clock source of reliable…

The Texas energy sector is making substantial progress to reduce methane emissions, with flared natural gas volumes down by almost three-quarters between June 2019 and May, according to an industry-backed report.  The Texas Methane & Flaring Coalition on Wednesday issued the first edition of its Methane & Emissions Report. The coalition, established in December 2019,…