More U.S. upstream operators are working to verify the methane emissions of their natural gas, and business is expected to strengthen as choosy buyers, particularly in Europe, choose independently certified gas. Methane, the primary component of natural gas, accounts for about 20% of the global anthropogenic greenhouse gas emissions. The natural gas sector emits a…
greenhouse gas emissions
Articles from greenhouse gas emissions

Antero Foresees Improved Natural Gas Basis Pricing Along LNG Corridor
Appalachian Basin pure-play Antero Resources Corp. expects continued strengthening of natural gas basis pricing at locations with access to the global LNG market, management said Thursday. On a conference call to discuss third quarter earnings, Antero’s Justin Fowler, senior vice president of gas marketing and transportation, touted the company’s “unique ability to avoid the pitfalls…

More Lower 48 Oil, Natural Gas Producers Disclosing Emissions Ahead of Possible SEC Rule Change
A growing number of Lower 48 onshore oil and gas producers are publicly disclosing greenhouse gas (GHG) emissions data, according to new research by Haynes and Boone LLP and EnerCom inc. The trend may be related to proposed rules by the Securities and Exchange Commission (SEC) that would require publicly traded firms to publish their…

Louisiana Offshore Natural Gas, Oil Industry Hub Monitoring Marine Emissions in Real-Time
Port Fourchon, a logistics hub near Leeville, LA, serving the Gulf of Mexico oil and natural gas industry, plans to expand its use of advanced marine emissions monitoring technology, facility owner and operator Greater Lafourche Port Commission (GLPC) reported earlier this month. GLPC has partnered with SailPlan, a maritime transportation emissions tracking firm, to deploy…

Regional Hydrogen Hubs Grow Ahead of Federal Funding Opportunities
Two New England states recently joined the northeastern regional hydrogen hub coalition, adding to the expanding list of agencies ready to benefit from federally funded projects. With the addition of Rhode Island and Maine, the New York-led coalition now involves six states. Connecticut, Massachusetts and New Jersey were the first to partner with the New…

California Leading Race to Zero Emissions Vehicles; Biden’s IRA May Propel U.S. Sales
Already leading the United States in most electric vehicles (EV) registered, California had more than 1,900 medium- and heavy-duty zero emissions vehicles (ZEV) on the state’s roads as of July, according to regulators. In the fall of 2020, Gov. Gavin Newsom signed an executive order (EO) requiring all new vehicle sales be ZEVs by 2035,…

Oil, Natural Gas Industry Reaction Mixed as Blockbuster Climate, Spending Bill Heads to Biden’s Desk
The House on Friday passed the Senate-approved Inflation Reduction Act of 2022 (IRA) by a margin of 220-207, clearing the way for President Biden to sign the landmark climate and energy bill into law. The legislation includes investing an estimated $370 billion to decarbonize domestic energy and transport sectors, and it targets a roughly 40%…

Why Is Inflation Reduction Act a Big Deal for Natural Gas, Oil Industries?
The U.S. Senate on Sunday passed a massive spending bill that would invest hundreds of billions of dollars to reshape the energy sector and try to slow climate change, creating far-reaching implications for oil and natural gas, as well as the economy broadly. The Inflation Reduction Act includes an estimated $370 billion over 10 years…

Cenovus Chief Urges Less Aggressive Canada GHG Targets for Natural Gas, Oil Producers
Framing the Canadian government’s goals for cutting greenhouse gas (GHG) emissions from fossil fuel production as too much, too soon, management at Cenovus Energy Inc. expressed doubts about how workable the system would be for natural gas and oil producers. “I am very worried that if we remain on this path, it could lead to…

Natural Gas to Still Play Role as Quebec Seeks to Decarbonize Home Heating
While a legislated drilling ban prevents production, natural gas will stay a consumption mainstay in Quebec through 2030 under a “dual energy” program that includes a subsidy for households that add electric heat appliances to their fossil fuel furnaces. With support by the provincial government, gas distributor Energir LP and power supplier Hydro-Quebec won approval…