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Fosil Fuels
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Methane Progress Should Guide Regulatory Approach
API Upstream Group Director Erik Milito discussed ongoing industry efforts to reduce methane emissions and the risk to emissions reductions progress posed by adding new layers of regulation during testimony this week before the environment subcommittee of the U.S. House…
Fast food Chains Largest Contributors of Carbon Emissions: Study
Rapidly growing multinational fast food chains in India are the largest contributors to hydrofluorocarbons (HFC) emissions and could add the equivalent of nearly one million tonnes of carbon emissions by 2020, says a new international study. US-based McDonald’s, Starbucks, Subway and Dunkin…
Pump CO2 Into Rocks Under The North Sea, Ministers Told
The huge undertaking would require planning not seen since the 2012 Olympics. Parliamentary advisors have urged the government to invest in a vast network of pipes designed to store CO2 in rocks under the North Sea. The scheme would require…
Europe’s Largest Gas Field Could Face Larger Production Cap
The Dutch Parliament adopted a motion to review production at the Groningen gas field annually, Reuters reported on Thursday. In June, the legislature passed a 5-year output bill that sought to limit the risk of earthquakes linked to production activity…
Shell Starts Production at Stones in the Gulf of Mexico
Shell announces recently that production has started from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 barrels of oil equivalent per day when fully ramped up at the end of 2017. The host…
Gazprom Neft acquires two new licences in the Yamalo-Nenets Autonomous Okrug
Gazpromneft-Noyabrskneftegaz and Gazpromneft-Yamal, subsidiaries of Gazprom Neft, have won recent tendering rounds for subsoil usage rights to the Yuzhno-Noyabrskoye and Kamennomysskoye (onshore) fields, both located in the Yamalo-Nenets Autonomous Okrug, in close proximity to Gazprom Neft’s existing infrastructure. Recoverable oil…
China’s Oil Production Tanks, Foreign Oil Dependency Nightmare Intensifies
It might seem disingenuous to call any country’s foreign oil dependency a nightmare, but that’s exactly what it is. A myriad of problems stem from foreign oil dependency, ranging from a massive transfer of wealth, to securing vital supply lines…