Methane Emissions

​​Chubb Ltd., the world’s largest publicly traded property and casualty insurer, has updated underwriting criteria for natural gas and extraction projects to require clients to reduce methane emissions. The Swiss-based insurer, which collaborated with stakeholders on the criteria, has most of its business in the United States. “The methane-related underwriting criteria that Chubb has adopted…

As federal regulators prepare a ruling that would strengthen emissions standards for the oil and natural gas industry, Lime Rock Resources has partnered with Bridger Photonics Inc. to conduct fugitive methane emissions scanning in the Lower 48. Lime Rock partnered with Montana-based Bridger to use Gas Mapping Light Detection and Ranging (GLM) advanced laser technology…

BP plc’s Lower 48 onshore subsidiary BPX Energy Inc. has become the first U.S. major to certify the methane intensity of its entire natural gas production portfolio, according to nonprofit MiQ. Methane, the primary component of natural gas, is a potent greenhouse gas (GHG) that accounts for about 20% of anthropogenic GHG emissions globally, according…

Three of the Appalachian Basin’s leading upstream and midstream operators on Wednesday announced a new coalition aimed at better monitoring and reducing methane emissions throughout the Marcellus and Utica shales.  Chesapeake Energy Corp., EQT Corp. and Equitrans Midstream Corp. launched the Appalachian Methane Initiative (AMI). The coalition said it would work to identify and fix…

Pittsburgh-based EQT Corp. may be the largest U.S. natural gas producer, but a commitment to reducing carbon emissions led management to spend $28 million to replace or retrofit 100% of its gas-powered pneumatic devices. The initiative led to a 70% reduction in methane emissions. The annual carbon footprint also declined, down by 305,614 metric tons…

NET Power LLC, whose technology is designed to reduce carbon emissions from natural gas, on Wednesday agreed to combine with Rice Acquisition Corp. II to advance solutions in a transaction worth an estimated $1.46 billion. Rice Acquisition, a special purpose acquisition company (SPAC), is focused on supply-side carbon dioxide (CO2) reductions. Once the transaction is…

Researchers in a peer-reviewed study conducted over three years have discovered that more methane is being emitted from Permian Basin natural gas gathering lines than previous federal estimates.  In a peer-reviewed study published by the American Chemical Society, aerial data was used to measure emissions from thousands of miles of gathering pipeline in West Texas…

Equinor ASA’s natural gas production in the Appalachian Basin of Ohio has been certified as responsibly developed by Equitable Origin (EO). About 135 MMcf/d is actively produced by Equinor US in Monroe County. The third-party review covered Equinor’s “entire U.S. onshore natural gas production, encompassing 51 producing wells on 13 well pads at the time…

Virginia Natural Gas (VNG) has cut methane emissions by more than 27% over the past decade through an ongoing pipeline modernization program, the Southern Company Gas-owned local distribution company (LDC) reported last week. “While our current system is safe and has performed well, as technology has advanced, it’s critical to continually upgrade our pipeline system,”…