With intensifying concerns over energy crisis, U.S. oil producers are now drilling more. In the longer term, this would translate into higher returns, which would lead to more investment toward climate goals, noted Alisa Lukash, vice president of shale research at Rystad Energy.
“Companies are facing this challenge on how to balance between keeping focus on reduced GHG intensity and at the same time ramping up production and overcoming supply chain bottlenecks,” Lukash told Hart Energy’s Faiza Rizvi.
Even though absolute emissions will spike in the short term due to increased production, Lukash said that in the longer term, more activity will have a positive impact on climate goals since more drilling will generate more cash flow, which will be redirected toward sustainability initiatives.
2022-07-01 - “Continued operation of Freeport’s LNG export facility without corrective measures may pose an integrity risk to public safety, property or the environment,” the U.S. PHMSA said in its preliminary report.
2022-04-27 - Poland and Bulgaria had long sought alternatives to Russian energy, but a disruption to the rest of Europe could have major implications.
2022-05-05 - Stable floating offshore wind platforms and geothermal both count on oil and gas technology to generate clean power.
2022-04-12 - “I think it’s extremely cowboy-ish ... by doing an outright sale, purely thinking like a trader, if I did that I would get fired. Nobody knows which way the oil price will go,” said Ilia Bouchouev, partner at Pentathlon Investments and adjunct professor at NYU.
2022-04-11 - The consortium—which includes Dow, Fluxys, Partners Group and Buss Group—is planning to build the zero-carbon emission LNG terminal at Dow’s industrial park in Stade, Germany, by 2026.