With this certification, BP becomes the latest major international energy producer to differentiate its natural gas through MiQ.
In 2019, producers across the Permian Basin flared and vented 293 Bcf of gas but flaring has declined as producers implement emissions reduction measures.
In response to a letter from Senator Warren, shale gas giant EQT outlined emissions reduction potential of an accelerated replacement of foreign coal usage with natural gas for baseload power.
The rules are the latest in a series of federal and state measures to prevent a repeat of the disruption caused by February’s Winter Storm Uri, which left around 4.5 million homes and businesses in Texas without power and heat.
Ohio Congressman Bill Johnson gives his take on how President Biden’s infrastructure and spending bills will affect the oil and gas industry plus the role natural gas produced in the U.S. has in addressing climate change.
Natural gas supply is limited by hesitancy from investors and producers, as well as logistics constraints.
Haynes and Boone survey shows that a primary indicator leans toward favorable borrowing for producers in 2022.
Eleven operators analyzed by Rystad stand to lose more than $5.2 billion in 2022 if the average price at the Henry Hub benchmark terminal remains at $4 per MMBtu.
As a result of the acquisition of GIP’s stake, JERA said it will now be involved in the entire existing Freeport LNG project as well as will work to advance new LNG projects.
Belarusian President Alexander Lukashenko’s remarks raised new concerns about the supply squeeze and high prices in Europe as the Yamal-Europe pipeline that carries Russian natural gas to Germany passes through Belarus.