(World Oil)– The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates (large and
(World Oil) – Pioneer Energy announced today they have been selected by the U.S. Department of Energy for four different awards which collectively total $27 million. Three of these are intended to advance the company’s Emission Control Treater™ (ECT), a breakthrough near zero emissions well pad production technology that can increase crude yield by 5-10%. The ECT is a closed
(Oil & Gas 360) – Global food producer Mars has announced a nearly $50 million initiative focused on its cows and candy to halve greenhouse gas emissions by the end of the decade and become Net Zero by 2050. Mars’ “Moo-ving Dairy Forward” sustainable dairy plan seeks to find links in Mars’ supply chain that will allow it to cut methane
(World Oil) – The Oil & Gas Decarbonization Charter (OGDC) has published its Baseline Report, setting a foundation to help prioritize and track progress on emissions reductions made by the 54 oil and gas companies — representing almost 45% of the global oil production, that have signed up to the Charter’s ambitions. These ambitions include to work toward net-zero operations by
Yahoo Finance WASHINGTON – The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a major part of the Biden administration’s plan to crack down on leaks of the potent greenhouse gas. WHY IT IS IMPORTANT
World Oil (WO) – The Environmental Partnership released its fifth annual report demonstrating the U.S. oil and natural gas industry’s actions in reducing methane emissions, improving detection methods and sharing best practices across the industry. The Partnership’s participating companies, which represent nearly 70% of U.S. onshore oil and gas operations, continued to achieve measurable results across all performance programs, including
CNBC The intensity of methane and greenhouse gas emissions from the oil and gas sector declined 28% and 30%, respectively, between 2019 and 2021 among the largest producers in the country, despite an increase in natural gas production, according to an analysis published by the nonprofits Clean Air Task Force and Ceres. The report, which assessed the production-based emissions of more than 300
From NewsWest 9 Broadcasting Data was released Thursday from the United States Environmental Protection Agency that show methane emissions from oil and natural gas production in the Permian Basin declined from 2016 to 2017. From 2016 to 2017, methane emissions in the Permian Basin fell by approximately 100,000 metric tons of CO2 equivalent. The data were released this month by
