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
StimStixx, Hunting Titan Partner on Well Perforation, Acidizing
2024-02-07 - The strategic partnership between StimStixx Technologies and Hunting Titan will increase well treatments and reduce costs, the companies said.
Going with the Flow: Universities, Operators Team on Flow Assurance Research
2024-03-05 - From Icy Waterfloods to Gas Lift Slugs, operators and researchers at Texas Tech University and the Colorado School of Mines are finding ways to optimize flow assurance, reduce costs and improve wells.
Dragos: IP Theft, Targeted OT Attacks on the Rise
2024-02-20 - Dragos’ annual cybersecurity review reveals three new threat groups, and the company’s CEO urges focus on specific vulnerabilities.