methane

Natural Gas Export Market Searching for Stability in the ‘Wild West’ of Carbon-Neutral Trading — LNG Spotlight

Natural Gas Export Market Searching for Stability in the ‘Wild West’ of Carbon-Neutral Trading — LNG Spotlight

The nascent carbon-neutral liquefied natural gas (LNG) market is set to gain momentum this year as global buyers are increasingly concerned about their emissions footprints. The market is on track to quadruple this year, according to a recent report from FTI Consulting. The firm has tracked six carbon-neutral cargoes through April, compared to only five…

July 15, 2021
Congress Approves Restoration of Obama-Era Methane Rules for Oil, Natural Gas Industry

Congress Approves Restoration of Obama-Era Methane Rules for Oil, Natural Gas Industry

The House on Friday voted to restore Obama-era controls on methane emissions from the oil and natural gas sector that had been partially rescinded by the Environmental Protection Agency (EPA) under the Trump administration. The measure passed by a margin of 229-191 under the Congressional Review Act (CRA) after 52-42 passage by the Senate, and…

June 25, 2021
Wyoming’s Abandoned Oil, Natural Gas Wells Said to Account for Under 1% of Methane Emissions

Wyoming’s Abandoned Oil, Natural Gas Wells Said to Account for Under 1% of Methane Emissions

Abandoned and unplugged oil and gas wells in Wyoming may be responsible for no more than 1% of reported methane emissions from the state’s oil and gas operations, according to research by the University of Wyoming’s (UW) Enhanced Oil Recovery Institute (EORI).  A sample of 10 orphan wells surveyed in Wyoming’s Powder River Basin by…

April 28, 2021
Appalachian Natural Gas, Coal Produce Most Methane in U.S., Kayrros Says

Appalachian Natural Gas, Coal Produce Most Methane in U.S., Kayrros Says

New measurements released last week by Kayrros quantifying emissions across the Appalachian Basin show the region is the biggest source of methane in the United States. Kayrros, which uses satellites and other methods to track emissions, said methane from Appalachia exceeds even the country’s most active oil and gas fields in the Permian Basin. But…

April 26, 2021
Permian Methane Intensity Said Falling as Oil, Natural Gas Industry Paves Road to Net Zero

Permian Methane Intensity Said Falling as Oil, Natural Gas Industry Paves Road to Net Zero

As the oil and natural industry pivots toward producing cleaner energy and controlling emissions, an analysis by a Texas association of independent producers and royalty owners found that methane intensity in the Permian Basin has declined from 2011-2019 even as production surged to record levels. Conducted by Texans for Natural Gas, a project of the…

March 22, 2021
Texas Permian Natural Gas Flaring Forecast to Increase as Activity Returns

Texas Permian Natural Gas Flaring Forecast to Increase as Activity Returns

Natural gas flaring from the Texas portion of the Permian Basin is likely to increase in the coming years but the industry may be able to eliminate most of the routine emissions at little cost, according to a new analysis. The Rystad Energy analysis, commissioned by the Environmental Defense Fund, found that the flaring is…

February 1, 2021
Qatar Petroleum Launches Initiative to Cut Emissions from LNG, Upstream Operations

Qatar Petroleum Launches Initiative to Cut Emissions from LNG, Upstream Operations

State-owned Qatar Petroleum (QP), the world’s leading liquefied natural gas (LNG) exporter, has unveiled an ambitious plan to cut emissions and drastically reduce the environmental footprint of its fossil fuel operations.  The company said its “sustainability strategy” establishes targets to align with the goals of the United Nations climate accord, aka the Paris agreement, drafted…

January 21, 2021
More Action Needed on Oil, Natural Gas Methane Emissions as Latest Decline Mainly Pandemic-Driven, IEA Says

More Action Needed on Oil, Natural Gas Methane Emissions as Latest Decline Mainly Pandemic-Driven, IEA Says

Methane emissions from the oil and natural gas sector fell by an estimated 10% in 2020, mainly because of production curtailments in response to the Covid-19 crisis, according to the International Energy Agency’s (IEA) Methane Tracker 2021 report published Monday. Oil and gas operations emitted more than 70 million tons of methane into the atmosphere…

January 20, 2021
Colorado Officials to Ramp Up Ozone Controls on Natural Gas, Oil Industry

Colorado Officials to Ramp Up Ozone Controls on Natural Gas, Oil Industry

Colorado officials have agreed to enact more stringent regulations on ozone emissions from sectors including oil and natural gas at the instruction of Gov. Jared Polis. The commitment follows a review of air quality data from 2018-2020 which showed that despite a downward trend in ozone concentrations, the Denver Metropolitan/North Front Range (DMNFR) area remains…

December 28, 2020
Ovintiv Ties Employee Incentives to Cutting Oil, Gas Methane Intensity by 33% in Four Years

Ovintiv Ties Employee Incentives to Cutting Oil, Gas Methane Intensity by 33% in Four Years

Denver-based independent Ovintiv Inc. is setting its sights on sharply reducing the methane intensity of its North American onshore operations by one-third over the next four years, and it wants the entire workforce to buy in. The board-approved 33% reduction in methane intensity, to be met by 2025, would be tied to the annual incentive…

December 17, 2020
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