The target is part of the company-wide effort by Exxon Mobil to reduce the intensity of upstream GHG emissions by 40% to 50% by 2030, compared with 2016 levels. (Source: Business Wire)
Oil major Exxon Mobil Corp. said on Dec. 6 it aims to achieve net-zero greenhouse-gas (GHG) emissions from operated assets in the U.S. Permian Basin by 2030, expanding its emission-reduction plans for unconventional operations in New Mexico and Texas.
The target is part of the company-wide effort to reduce the intensity of upstream GHG emissions by 40% to 50% by 2030, compared with 2016 levels.
Exxon Mobil also said it plans to eliminate routine flaring in Permian Basin operations by the end of 2022.
By year-end 2021, Exxon Mobil expects reduced flaring volumes across its Permian operations by more than 75% compared to 2019.
Recommended Reading
Exclusive: Conduit, Riley Permian Powering Up the Permian
2024-12-13 - Beau Egert, chief commercial officer for Conduit Power, said Riley Exploration Permian is taking control of their own to provide power for their consumption and the community.
Smart Tech Moves to the Hazardous Frontlines of Drilling
2024-10-08 - In the quest for efficiency and safety, companies such as Caterpillar are harnessing smart technology on drilling rigs to create a suite of technology that can interface old and new equipment.
Baker Hughes Defies Nature with an Upgrade to Ol’ Fashioned Cement
2024-10-15 - Baker Hughes’ InvictaSet uses regenerative capabilities to provide operators with a sustainable cement solution that can last for years.
Matador May Tap Its Haynesville ‘Gas Bank’ if Prices Stabilize
2024-10-24 - The operator holds 8,900 net Haynesville Shale acres and 14,800 net Cotton Valley acres in northwestern Louisiana, all HBP, that it would drill if gas prices stabilize—or divest for the right price.
Integrating OCTG Management from Planning to Well
2024-12-10 - Tenaris’ Rig Direct provides improved collaboration and communication, and more uptime.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.