Post Tagged with: "Emissions"

EIA expects U.S. energy-related CO2 emissions to decrease annually through 2021

EIA expects U.S. energy-related CO2 emissions to decrease annually through 2021

EIA Coal-fired generation alone has fallen from 28% in 2018 to 24% in 2019 and will fall further to 21% in 2020 and 2021. The natural gas-fired generation share rises from 37% in 2019 to 38% in 2020, but it declines to 37% in 2021. In its latest Short-Term Energy Outlook (STEO), released on January 14, the U.S. Energy Information Administration (EIA) forecasts year-over-year decreases in energy-related carbon dioxide (CO2) emissions through 2021. After decreasing by 2.1% in 2019, energy-related CO2 emissions will decrease by 2.0% in 2020 and again by 1.5% in 2021 for a third consecutive year of declines. These declines come after an increase in 2018 when weather-related factors caused energy-related CO2 emissions to rise 2.9%. If this forecast holds, energy-related CO2 emissions will have declined in 7 of the 10 years from 2012 to 2021. With the forecast declines, the 2021 level of fewer than 5 billion metric[Read More…]

Photo: Orjan F. Ellingvag / Corbis / Getty Images

Big Oil is selling dirty assets, but they aren’t going away

Source: Houston Chronicle When BP Plc announced its historic exit from Alaska, Chief Executive Officer Bob Dudley pointed to an extra perk from the $5.6 billion sale: a significantly lower carbon footprint. Cutting emissions is important for Dudley, partly because influential shareholders are forcing BP to align its spending with climate goals. But there’s a catch. Hilcorp Energy Co., the buyer of the Alaska assets, plans to pour more money to boost production there than BP would have, according to Dudley. That could end up making the carbon problem worse than it was. The BP boss and his counterparts at the world’s biggest oil companies are caught in a dilemma. Investors are demanding they adhere to the goals of the Paris climate accord, while continuing to generate the mounds of cash that make them among the biggest and most consistent dividend payers. To strike a balance, one of the strategies[Read More…]

October 8, 2019 - 9:15 am Closing Bell Story, Exploration and Production (E&P)
Source: ExxonMobil

ExxonMobil Partners with Carbon Capture Company

By Tyler Losier, Energy Reporter, Oil & Gas 360 ExxonMobil partners with Mosaic Materials in order to pursue carbon capture technology ExxonMobil (stock ticker: XOM), an international oil and gas supermajor, has partnered with Mosaic Materials, a chemicals and engineering company, in order to explore and advance technology that can be used to remove carbon dioxide from emissions sources. The carbon capture technology being researched by Mosaic uses porous, crystalline solids – known as metal organic frameworks (MOFs) – to separate CO2 from air or flue gas. The MOFs function like sponges, selectively capturing only specific gases from a complex mixture of substances, removing CO2 from emissions before it is ever able to reach … Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Colorado Joins California in Requiring Automakers to Sell More Electric Cars

Colorado Joins California in Requiring Automakers to Sell More Electric Cars

From CNBC Colorado has become the 11th state to adopt California’s zero-emission-vehicle mandate forcing automakers to sell more electric cars in the state. The new rule was passed by Colorado’s air-quality commission by a vote of 8 to 1 on Aug. 23. It requires at least 5% of an automaker’s new car lineup to be electric vehicles, or EVs, by 2023 and more than 6% by 2025. “It’s a modest proposal in the face of a critical threat. Where the federal government refuses to act, states must lead,” Garry Kaufman, director of Colorado’s Air Pollution Control Division, said in a statement. The Colorado agreement, which echoes the one announced by California regulators, is tougher than the planned rollback of the Corporate Average Fuel Economy, or CAFE, standards the White House previously outlined. Similar to California’s zero-emission vehicle rules, automakers are granted some flexibility by receiving credits for the electric cars[Read More…]

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

From Reuters Chevron Corp (CVX.N) said on Thursday it has launched one of the world’s largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project. The carbon storage project was delayed by more than two years after Chevron discovered problems with valves and pipeline equipment during commissioning of the A$2.5 billion ($1.7 billion) injection system. Gorgon is the biggest emitter of carbon emissions out of Australia’s 10 LNG plants, with gas from the Gorgon field containing 14% CO2. Growth in LNG exports has been a big contributor to Australia’s rising CO2 emissions, according to the Environment and Energy Department. “We are pleased to reach the first milestone of safely starting the operation of the Gorgon carbon dioxide injection system, one of the world’s largest greenhouse gas mitigation projects ever undertaken by industry,” Chevron Australia Managing Director Al[Read More…]

CB&I Wins $95 Million Saudi Aramco Shell Refinery Contract

CB&I Wins $95 Million Saudi Aramco Shell Refinery Contract

CB&I (ticker: CBI) won a contract for more than $95 million from the Aramco-Shell JV – Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction management for SASREF’s modernization and expansion of its existing refinery in Al-Jubail city, Saudi Arabia. “The relationship between CB&I and SASREF extends back for more than a decade, and we have been collaborating successfully during this time,” said Duncan Wigney, CB&I’s EVP of engineering and construction. “This award enhances CB&I’s position in the region as a leading provider of energy infrastructure solutions, from conceptual design to fabrication to EPC delivery.” CB&I has completed the conceptual design and FEED phases of the project, while working with SASREF to optimize investment on the new refinery configuration. CB&I’s integrated solutions will give SASREF the operating flexibility needed to generate maximum returns through sustainable fuels production, which meets Euro V regulations for cleaner[Read More…]

Source: Energy.gov

Natural Gas Used for Electricity Generation Responsible for Low CO2 Emissions

Carbon dioxide (CO2) emissions has been a constant topic of discussion for a number of years, and the electric power sector was among the largest producers of CO2 as a byproduct of power generation. Emissions were on a constant move upward from 1990 to 2008 when it began to level off.  According to data from the EIA, carbon dioxide emissions from the electric power sector have been on the downswing over the last 8 years. Carbon dioxide emissions from electricity generation totaled 1,925 million metric tons in 2015, the lowest since 1993 and 21% below their 2005 level. A shift on the electricity generation mix, with generation from natural gas and renewables displacing coal-fired power, drove the reductions in emissions. Fuel sources for electrical power generation have been influenced by two major factors. One is government legislation and the desire to reduce carbon emissions. The Clean Power Plan has called[Read More…]

Ontario Joins Cap and Trade

Ontario Joins Cap and Trade

Ontario will join California and Quebec in a cap and trade system to reduce greenhouse gas emissions Kathleen Wynne, the Premier of Ontario, announced that the province will be joining Quebec and California as part of a cap and trade system to reduce greenhouse gas emissions. Ontario will be joining as a participating member of the Western Climate Initiative, which also includes California, Oregon, Washington, British Columbia, Manitoba and Quebec, among others. No dollar amount has been attached to the deal, but BNN estimates the number will reach $1 to $2 billion a year. By linking with Quebec and California, this announcement will create a carbon market of 61 million people and cover more than 60% of Canada’s population. The announcement did not specify what the ceiling for emissions would be for each sector of the economy. Wynne said the government plans to “reinvest the money raised through cap and[Read More…]

April 13, 2015 - 11:59 am Canada, Oil and Gas 360 Articles