methane

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…

Appalachian pure-play CNX Resources Corp. has signed a 15-year deal with a California-based technology company to capture methane to manufacture a biodegradable polymer.  CNX, which develops unconventional natural gas and coalbed methane assets throughout the Appalachian Basin, would capture the methane from coal mines and other third-party industrial operations for Newlight Technologies Inc.  Newlight has…

A coalition of some of the nation’s largest natural gas producers has received independent validation for its methane intensity program.  Our Nation’s Energy Future, better known as ONE Future, consists of companies that work in 16 of the nation’s 38 production basins. Collectively, ONE Future members account for 19% of U.S. natural gas production, 56%…

Chevron Corp.’s upstream assets in Colorado and Texas have clinched the highest ratings for operational and environmental performance, with its plans to market certified natural gas by year’s end gaining momentum. Denver-based assessment company Project Canary conducted the independent certified analysis, with 82 wells achieving “Platinum” status and three earning “Gold.” Chevron and Project Canary…

Mexico’s state oil company Petróleos Mexicanos (Pemex) plans to invest $2 billion to reduce upstream methane emissions by up to 98%, Mexico’s president Andrés Manuel López Obrador said Friday. The investment is one of 10 actions Mexico is undertaking to fight climate change, the president said in a video address to the Major Economies Forum…

Mexico’s state oil company Petróleos Mexicanos (Pemex) plans to invest $2 billion to reduce upstream methane emissions by up to 98%, Mexico’s president Andrés Manuel López Obrador said Friday. The investment is one of 10 actions Mexico is undertaking to fight climate change, the president said in a video address to the Major Economies Forum…

A report published by researchers at the Environmental Defense Fund (EDF) found that low-producing oil and gas wells are a major contributor to methane emissions from well sites in the Lower 48. The study, published in the Nature Communications journal, found that while these wells produce less than 15 boe/d, they account for about 50%…