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A newer, more accurate method for calculating methane emissions from offshore oil and gas production suggests that the United Kingdom severely underestimates its greenhouse gas emissions. Researchers conclude that as much as five times more methane is being leaked from oil and gas production than reported.
ABU DHABI — The role of naturalgas is one of the stickier points of debate related to the global energy transition, and that debate was on full display here this month. “I view naturalgas and LNG as already part of the solution,” she said at the Atlantic Council's Global Energy Forum. power system.
In the evolving global energy economy, methane emissions have become a critical variable in the oil and gas industrys long-term performance. Large naturalgas importers want lower emissions. Yet despite this momentum, oil and gasmethane emissions remain unacceptably high. Investors want lower emissions.
Innovative Technology Modern Hydrogen’s core innovation lies in its ability to decarbonize naturalgas while producing clean hydrogen and industrial-grade solid carbon. This method extracts concentrated carbon from naturalgas before it is burned, ensuring that it never reaches the stage of becoming CO2.
Meanwhile, naturalgas facilities can access the incentives if they implement carbon capture and storage solutions and address methane leakage, using the yet-to-be-released GREET climate model. However, most hydrogen produced today relies on fossil fuels, particularly naturalgas, which compromises its environmental benefits.
However, many may be surprised to learn that a substantial amount of this grant money has been used to subsidize fossil fuel-burning vehicles, in preference to EVs, and to promote the consumption of naturalgas. One of the agency’s biggest grant programs spent more than 90% of funds on diesel and naturalgas incentives.
Can carbon-free hydrogen augment, or even replace, the fossil naturalgas running through pipelines to fuel furnaces, boilers, stoves and other building applications today? Naturalgas utilities around the world are seeking real-world answers to these kinds of questions.
Carbon capture has never been deployed on gas-fired power stations at such a scale before — and a senior Equinor executive has made frank admissions around the technical challenges such projects face. This clean-burning fuel is made from naturalgas, with carbon capture technology used to trap emissions released during the process.
Xcel Energy, provider of electricity and naturalgas services to nearly 6 million customers in eight Western and Midwestern states, has committed to achieve net-zero greenhouse gas emissions from its naturalgas business by 2050. RMI commended Xcel's desire to expand its net-zero target to its naturalgas business.
It is energy-efficient, abundant and an environmentally friendly alternative to naturalgas. Clean hydrogen could cut greenhouse gas emissions from fossil fuel by up to 34 percent, reported Bloomberg New Energy Finance. . And it could be cheaper than producing hydrogen from naturalgas.
Earlier this year, Pacific Gas & Electric faced pushback from environmental and solar and energy storage industry groups to a plan to deploy naturalgas generators to back up communities facing multi-day fire-prevention blackouts. Naturalgas vs. diesel vs. solar-storage.
In addition, the Carbon Mapper consortium announced its plan to deploy a ground-breaking hyperspectral satellite constellation with the ability to pinpoint, quantify and track point-source methane and CO 2 emissions. In short, if you can’t measure it, you can’t manage it. . These home-grown satellites are a game-changer.
David Cox, Founder and CFO of the Coalition for Renewable NaturalGas. One crucial green energy source that we should be capitalizing on is renewable naturalgas (RNG). David Cox co-founded the Coalition for Renewable NaturalGas in July 2011 and serves its members as CFO. homes and businesses.
For the first time, instead of attributing the build-up of industrial carbon dioxide and methane emissions to each of the worlds nations, Heede managed to trace those emissions to 90 specific carbon major companies. InfluenceMap gave climate policy lobbying scores to the top 10 investor-owned companies, all oil, gas, and coal firms.
The EPA’s new rules to reduce methane emissions from the nation’s oil and gas industry could be a climate game changer. Reducing emissions from the oil and gas industry is the quickest, simplest and most affordable way to reduce warming in our lifetimes.
Methane update reveals that reduced demand for oil and gas during the pandemic's shutdown of industry and travel saw methane emissions drop 10 per cent in 2020. Companies have also touted sizeable new investment programmes to detect and fix methane leaks.
ESG By EDF: Actionable Insights for a Decarbonizing World Plugging the Leaks: An Investor Guide to Oil and GasMethane Risk Oil and gas companies must curb methane emissions to limit warming this decade, and address urgent risks. However, global pressures continue to accelerate the demand for credible methane abatement.
The options include biodiesel, renewable electricity, renewable naturalgas, solar thermal, geothermal, thermal storage and hydrogen. Making naturalgas renewable . But for now, renewable naturalgas (RNG) may offer a fix soonest. But for now, renewable naturalgas (RNG) may offer a fix soonest.
This roadmap aims to align the interests of multiple stakeholders across relevant ministries, departments, agencies, institutions, and sectors, and develop a comprehensive policy and regulatory framework, support a capacity building programme, and model the supply chain requirements.
Naturalgas has been touted as a green energy source by some because, when burned for fuel, it emits less CO2 than coal. But before that happens, leaks from across the naturalgas supply chain — from the drilling process to gas stoves — can unintentionally vent methane into the atmosphere.
Flying 10,000 feet above the Gulf of Mexico, in a plane outfitted with infrared imaging equipment, researchers could see methanegas bubbling under water, likely from an undetected pipeline leak. naturalgas production comes from federal leases in the Gulf of Mexico, according to the Bureau of Ocean Energy Management.
According to the Institute for Energy Economics and Financial Analysis (IEEFA), more than 50 globally significant financial institutions have put in place an oil and gas exit policy. In fact, in 2020, during the middle of a global pandemic and its associated recession, these policies were announced once every month.
Methane: Europe’s missing link for effective energy decarbonization. About half of all internationally traded gas is consumed by Europe. The EU sources its gas from countries like Russia, the U.S. and Algeria, countries with sizeable methane emissions. ” Download the policy recommendations.
The hydrogen is delivered in tanks and, currently, most of it originates from naturalgas using processes like steam methane reforming. Clean hydrogen can be produced in numerous ways, from naturalgas reforming with carbon capture to renewable-powered electrolysis and nuclear energy. What Does This Mean for Us?
and other fossil fuel companies are urging the European Union to relax targets to boost climate-friendly “green” hydrogen, hoping to win greater support for projects to manufacture the fuel using naturalgas. But the oil and gas industry is pushing hard for increased use of “blue” hydrogen. ExxonMobil Corp.
The powerful climate pollutant methane is leaking out of dozens of oil and gas wells, pipelines, and storage tanks in Romania, adding to a growing body of evidence that methane leaks are widespread and pervasive in Europe. He visited 26 oil wells, 25 of which were leaking methane. James Turitto filming methane leaks.
Developed in collaboration with Korea Hydro & Nuclear Power (KHNP) and other partners, this innovation captures over 90% of the carbon dioxide (CO2) generated during hydrogen production from naturalgas. Typically, hydrogen extraction from naturalgas releases CO2 as a byproduct.
Ultimately, the challenge faced by California and Germany with high-level penetrations of renewables is one that many federal and local governments must grapple with as they pursue policies in an attempt to mitigate the most dangerous impacts of climate change. and even more so for the myriad targets that have been adopted globally.
Owned and overseen by national governments, As such, it is in both their commercial and national interest to minimize waste – particularly of methane, a potent greenhouse gas that is responsible for a quarter of the climate warming we’re experiencing today. Not all oil and gas facilities, however, are created equal.
Then, naturalgas is suddenly in the hot seat. For gas-only utilities, one pathway is clear. They have to push renewable methane. And how will the battle over naturalgas connections play out? Recommended reading: Vox: The False Promise of Renewable NaturalGas. But what are the limitations?
Thursday’s letter from PG&E vice president Robert Kenney to the California Energy Commission is a notable concession by the state’s largest utility to the constraints its naturalgas operations will face under California’s push to attain zero-carbon emissions by 2045. Utilities taking sides.
Growing demand for naturalgas will start to be curbed in the coming years, but more needs to be done to meet net zero goals, IEA report warns. Naturalgas demand is expected to rise by 3.6 The annual increase in global demand for naturalgas is teh expected to hit an average of 1.7
As the United States moves toward decarbonization, cities and states must use all means available to reduce climate pollution, and naturalgas utilities should be at the forefront of this rapid energy transition. This first-of-its-kind tool has the power to transform naturalgas utility investment decisions.
New report from the International Council on Clean Transportation (ICCT) highlights the need to control methane slips on ships that have switched to using LNG as fuel. The report calculatres that switching to LNG could deliver carbon emissions savings, but these could be partially offset by increased methane emissions.
The annual conference, hosted by Energy Dialogues, brings together naturalgas interests to discuss where the industry is headed, with perspectives from policymakers and civil society. Speakers talked about naturalgas as the solution to a trinity of critical energy challenges: emissions mitigation, energy poverty, and energy security.
For the first time, a gas utility could be on the hook for its role in deceiving the public about the climate crisis. The company has portrayed gas as “safe, clean, and environmentally friendly,” despite the fact that methane, its primary component, is 80 times more potent as a greenhouse gas than carbon dioxide.
US $30 billion worth of methane released into the atmosphere each year. This survey aims to identify the role digital technologies can play in managing methane emissions. The oil and gas industry recognizes the methane challenge but has yet to capitalize upon the economic values associated with it. Key finding 2.
But what has been largely overlooked is how the nearly $50 billion deal could undermine growing progress in managing oil and gas industry methane emissions – an area where Pioneer has made industry-leading commitments but where Exxon has fallen short. Exxon is increasingly becoming an outlier in the industry. In the U.S.
In Pakistan the new policy is simply no new coal power plants. . “In Can Coal Replace NaturalGas? coal power has been replaced with gas power (methane/naturalgas). coal switching to gas has led to a small reduction in overall emissions. In the U.S.,
Tackling methane from oil and gas operations among 'best near-term opportunities’ for combatting climate change, IEA argues. Methane, which is largely released from abandoned coal mines, oil and gas operations, and farming, has a far greater global warming potential than CO2.
As global efforts to ramp up the hydrogen industry gain support with big government subsidies, new research casts increasing doubt on the climate credentials of the main recipient of that support, so-called “blue” hydrogen, which is extracted from naturalgas and paired with carbon capture technology. It’s fracked methane.”.
Meeting notes obtained via freedom of information requests showed how oil executives were involved in shaping policy, and used their access to underscore the need to continue developing oil and gas. But that might create a risk whereby these companies unduly influence policy and roll-out in a way that benefits them.”
As the oil and gas industry achieves success in pushing the world towards widespread adoption of methane-based blue hydrogen, some unexpected voices are calling out the industry on its deception of selling blue hydrogen as an affordable and clean source of energy. . I mage: Slide from Zapantis presentation.
Danielle Smith often provided contradictory messaging or phrases, such as “sustainable export of fossil fuel resources,” “clean naturalgas,” and expressed her belief that Alberta could increase fossil fuel production while simultaneously cutting emissions.
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