A new proposal would force oil and gas operators in the EU to find and fix leaks of methane in their infrastructure, though it did not extend the rules to cover the companies abroad that supply most of Europe’s gas.
Even though emission intensity in U.S. is below the global average, much room for improvement remains, according to a new report by GlobalData.
CEO of Boston-based Kuva Systems discusses why continuous emissions monitoring is crucial for oil and gas companies to meet ESG and methane intensity goals.
At the center of the U.S. plan is an EPA proposal that will for the first time regulate methane from existing oil and gas operations. Oil and gas operations account for a third of methane emissions.
"It’s not at all inconsistent in that no one has anticipated that this year we would be in a position, or even next year, that we’re not going to use any more oil or gas," Biden said.
With no realistic scenario for an immediate transition to nonhydrocarbon energy sources, how can the oil and gas industry play its part in addressing climate change while meeting short- and long-term energy demand, sustainably?
The main objectives in cementing oil and gas wells are to secure the casing to the surrounding rock formation and to provide good zonal isolation in the wellbore.
Australia this week, however, did adopt a target of net-zero greenhouse-gas emissions by 2050, after Morrison secured support from the rural-focused National Party.
The proposal to tax oil and gas producers for methane emissions above a certain threshold faces opposition from U.S. Senator Joe Manchin along with Democrats from oil-producer Texas, sources say.
The U.S. is due to release oil and gas methane emissions regulations in the coming weeks, and the EU will unveil detailed methane legislation later this year.