Last October, the 10 CEOs of major oil and gas producers, including BP, China National Petroleum and Saudi Aramco, announced an aspiration to reach near zero methane emissions from their companies’ natural gas value chains. They pledged, as part of their participation in the Oil & Gas Climate Initiative (OGCI), to work together on a target that… Keep reading →
A couple of observations on China’s announcement late last week that it may impose a 25 percent tariff on U.S. shipments of liquefied natural gas (LNG) to that country – which would be in retaliation for announced U.S. tariffs on certain Chinese goods coming into this country. First, China was the third-largest importer of U.S. LNG in… Keep reading →
Big news in the latest API Monthly Statistical Report: U.S. crude oil production rose to an all-time record of 10.7 million barrels per day (mbd) in June – the largest monthly output, ever. Below, the U.S. Energy Information Administration’s chart showing U.S. oil production since the era of Col. Edwin Drake, with annual output peaking at 9.637… Keep reading →
With upcoming annual meetings full of shareholder resolutions calling on companies to set greenhouse gas (GHG) reduction targets, EDF released “Taking Aim”, a new paper explaining why methane targets are the next frontier for the oil and gas industry and establishing five keys for strong targets. The paper explains how companies that set targets are more likely… Keep reading →
The U.S. Environmental Protection Agency (EPA) has released a draft of its annual update to the U.S. Inventory of Greenhouse Gas Emissions (GHGI). The draft, which now includes emissions data for 2016, estimates oil and gas operators released 8.1 million metric tons (MMT) of methane of the course of the year through leaks, venting, and… Keep reading →
The U.S. Energy Information Administration (EIA) reports that in November, U.S. oil production hit 10.038 million barrels per day – the most in half a century. 1. America is Stronger, Our Future is More Secure Access to abundant energy supplies is essential for America’s security today and tomorrow. In a world that’s powered mostly by… Keep reading →
EIA’s International Energy Outlook 2017 projects that world energy consumption will increase by 28% from 2015 through 2040.
We are constantly researching and creating innovative ways to make natural gas-fueled energy generation cleaner. Whether it’s responsibly developing natural gas in such abundance that many utilities are converting old power plants to run on cleaner, more affordable fuels or investing billions to improve the environmental performance of refineries and the products they deliver, like lower-sulfur gas for vehicles, the… Keep reading →
In spite of the anti-environmental furor of the Trump administration, 2017 has been a year of encouraging commitments by a growing number of global oil and gas industry leaders – including American oil giant Exxon Mobil – that understand methane emissions is a key business challenge. Methane is a fast-acting climate pollutant and unchecked emissions… Keep reading →
The International Energy Agency’s new 2017 World Energy Outlook contains the agency’s strongest language yet about the urgent need to reduce methane emissions from the oil and gas sector, and the huge opportunities that exist to do so. Some have taken issue with IEA projections on the overall role of natural gas, suggesting they are beyond what… Keep reading →
