methane

Mexico’s state oil and natural gas giant Petróleos Mexicanos, or Pemex, is working to improve its environmental, social and governance (ESG) scorecard. The company has hired an external consultant to devise a plan focused specifically on reducing emissions. The plan would also assess alternative sources of revenue that could include lower carbon options. Pemex is…

Federal funding is on tap to alleviate the costs for natural gas and oil producers to reduce and monitor their methane emissions. The energy sector makes up 40% of total methane emissions from human activity, with gas and oil operations responsible for 80 million metric tons of these emissions, according to the International Energy Agency. …

A new study posits that natural gas vehicle (NGV) manufacturers may be able to further reduce emissions compared to gasoline cars, removing as much as 90% of unburned methane from engine exhausts. Researchers at Washington State University (WSU) and the Stanford Linear Accelerator Center (SLAC) National Accelerator Laboratory in California recently published their findings after…

Phillips 66 is collaborating with Bridger Photonics Inc. to explore ways to reduce methane leaks in natural gas infrastructure using laser-based technology. The partnership would focus on the midstream giant’s natural gas pipelines in Colorado, Kansas, Oklahoma and Texas. Houston-based Phillips 66 operates one of the nation’s largest natural gas operations, including its expanded ownership…

​​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…

U.S. oil and natural gas trade groups are calling foul on a proposal by federal officials to collect royalties on gas that is vented or flared. The proposal, first announced in November, would replace what the Bureau of Land Management (BLM) called an “outdated” and “ill-suited” ruling that came about before the boom of unconventional…

The Oil and Gas Climate Initiative (OGCI), a collaboration by the CEOs of a dozen global energy producers, said it  has reduced members’ absolute upstream methane emissions by 40% since 2017 with spending on low carbon solutions nearly doubling to $40 billion.The collaborative launched an industry-wide initiative to reduce methane emissions to near zero, while…

Tulsa, OK-based independent Laredo Petroleum Inc. is set to rebrand as Vital Energy Inc. on Jan. 9, management said.  The name change is consistent with the company’s goal “to ensure everyone has access to the reliable, affordable energy resources needed to power their lives,” according to the firm. The rebrand “reflects our mission and collective…

Equitrans Midstream Corp. said late Thursday it has flooded a natural gas storage well that had leaked for more than 10 days, releasing over 1 Bcf into the atmosphere, according to preliminary estimates.  Spokesperson Natalie Cox told NGI the leak was discovered on Nov. 6. The company worked through a series of setbacks with Texas-based…