Emissions News

 

Energy Crisis Drives Demand for Offshore Drilling Rigs. 'Greener' Rigs Get Better Dayrates, Westwood Says

Nov 16, 2022

Oil and gas exploration is likely to continue to have an important role in the decades to come, a view reinforced by the 2022 energy crisis and growing energy security needs, according to energy intelligence group Westwood.In the offshore drilling space, Westwood says that the year 2022 has seen a continued increase in jackup, semisubmersible, and drillship demand, utilisation, and dayrates, all of which have reached highs not seen since 2014…

EU Supports COP27 Call to Phase Down All Fossil Fuels

Nov 15, 2022

The European Union supports a call by India to phase down fossil fuel use as part of a COP27 deal, the bloc's climate policy chief Frans Timmermans said on Tuesday, provided it does not weaken previous agreements on reducing the use of coal…

Small Island Nations Want Big Oil to Pay Up for Climate Damage

Nov 08, 2022

Small island nations suffering the brunt of climate change want Big Oil to pay for mounting damage from ocean storms and sea-level rise, Antigua's prime minister told delegates at the COP27 climate summit in Egypt on Tuesday. The comments by…

COP27 - UAE Says Will Keep Pumping Oil as Long as the World Needs It

Nov 07, 2022

The United Arab Emirates will be a responsible supplier of oil and gas for as long as the world needs, its President Sheikh Mohammed bin Zayed al-Nahyan said on Monday at the start of two weeks of climate talks in Egypt.He added the Gulf nation…

Mexico's Pemex Had a Plan to Fix Its Flaring Problem, but Abandoned It

Nov 07, 2022

In late 2016, to avoid racking up fines for burning too much natural gas, Mexico's state oil company Pemex struck a deal with the regulator to invest over $3 billion to fix its flaring problem at its most productive set of oil fields.But five years on…

ADNOC CEO Says World Needs Maximum Energy, Minimum Emissions

Oct 31, 2022

Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday that zeroing out hydrocarbon investment due to natural decline could lead to a loss of 5 million barrels of oil per day a year from current supplies. 'The data is clear…

Mexico's Pemex Has No Record of Reporting Methane Leak from Offshore Oil Field

Oct 07, 2022

Pemex did not inform Mexico's environmental regulator of a methane leak from a key offshore oilfield in December, according to the state oil company's response to a freedom of information request, which confirmed an earlier Reuters report that the regulator had no record of the incident…

Canada Releases Draft Guidance on New Oil and Gas Project Emissions

Oct 06, 2022

Canada has released draft guidelines on how new oil and gas projects should demonstrate 'best-in-class' greenhouse gas emissions performance, following up on a government announcement first made in April.The guidance, released late on Tuesday…

Nigeria to Award Flare Gas Contracts by End-December

Oct 03, 2022

Nigeria will award contracts for its flared gas by the end of December under an accelerated programme to harness gas that is released as a byproduct of oil production, the country's petroleum regulator said.President Muhammadu Buhari first…

North Sea "Not On Track" to Meet Emissions Targets

Sep 22, 2022

The North Sea oil and gas industry is on track to meet early emissions reduction targets after posting cuts of more than a fifth between 2018-21, according to the UK regulator, the North Sea Transition Authority (NSTA). But bold measures will be needed to hit a 2030 goal of halving emissions…

Scientists Who Detected Massive Pemex Methane Leak Say 'No way' They Made a Mistake

Sep 14, 2022

Scientists who detected a massive methane leak at an offshore platform run by Mexico's Pemex said Tuesday there was 'no way' they had made a mistake, roundly rebutting claims by the state oil company that the emissions were smaller and less polluting…

Scientists Detect Second 'Vast' Methane Leak at Pemex Offshore Oil Field in Mexico

Sep 05, 2022

Satellites recorded another large methane leak at an offshore platform belonging to Mexico's Pemex in August, according to exclusive data shared with Reuters, even as pressure mounts on the state oil company to reduce these emissions. Three…

Huisman Unveils 'Green' Offshore Drilling Rig Design

Aug 22, 2022

Dutch company Huisman, best know for its offshore crane solutions, on Monday revealed its design for a 'green' harsh environment semi-submersible drilling rig, which promises to reduce costs and emissions of offshore drilling operations.According to Huisman…

Methane Emissions from U.S. Shallow Offshore Platforms Exceed Those on Land, Study Finds

Aug 12, 2022

Measurements of methane emissions from shallow water oil and gas platforms in the U.S. Gulf of Mexico found they were substantially higher than those from drilling on land, according to research published on Thursday.The study, by researchers at non-profit Carbon Mapper…

U.S. Climate Bill Exempts most of Oil Industry from Methane Fees

Aug 09, 2022

The U.S. Senate climate bill’s fee on oil and gas industry methane emissions will cover less than half the sector’s releases of the powerful greenhouse gas, thanks to concessions made to win over party holdout Joe Manchin, according to a review…

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Philippines Must Find Way to Exploit South China Sea Resources, says President Marcos

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