Post Tagged with: "greenhouse gas"

Source: Houston Chronicle

Some LNG-powered ships are leaking powerful greenhouse gas

Houston Chronicle One of the shipping industry’s great hopes for improving its environmental performance — engines powered by liquefied natural gas — won’t offer the benefits that many vessel owners are hoping for. That’s the conclusion of a nonprofit that analyzed the emissions from different types of vessels that use the fuel. Some types of LNG-powered ships leak so much methane — a contributor to global heating — that the environmental damage they cause over a 20-year period is far more acute than equivalent vessels run on conventional fuels. The criticism is a brickbat for LNG, a fuel that’s long been viewed as means of helping industries to cut carbon emissions and hit climate goals. The two-decade timeline matters because the most ambitious global climate target is to reach net zero emissions by 2050 in order to keep a temperature increase below 1.5 degrees Celsius compared to pre-industrial times. “Switching[Read More…]

January 28, 2020 - 12:30 pm Closing Bell Story, Energy News, Marine Shipping
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

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…]

Oil Prices and Jobs: What will Move the Needle Next?

Oil Prices and Jobs: What will Move the Needle Next?

Oil & Gas 360® Industry Leadership Survey Results Oil & Gas 360® completed a survey of industry executives last week. The survey was offered to 3,000 current industry leaders working at the highest level. The purpose was to gather the views of chief executives and other c-level officers at E&P, OilService, midstream and related companies as to what they believe will be the next catalyst to move commodities prices, what job titles the industry will fill in 2016 and what oil price would start a hiring boom, and send industry employment back to 2013 levels. Seventy-five percent of the survey respondents were C-suite oil and gas company executives. The remaining 25% were predominantly from financial institutions serving energy companies. The universe of respondents included c-suite and other highly placed executives from the following company categories: 2% Integrated Oil Company 36% E&P Company 15% Oilfield Service and Technology 1% Midstream 9% Buyside[Read More…]