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S&P Global: More than 75% of oil and gas production in US Gulf of Mexico has lower than average greenhouse gas intensity

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More than three-fourths of all oil and gas production in the US Gulf of Mexico has a lower greenhouse gas (GHG) intensity than the basin-wide average, according to a new S&P Global Commodity Insights analysis. However, about 78% of the total production was found to be beneath that average.

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Woodside approves investment in $7.2B Trion development in deepwater Gulf of Mexico; first oil in 2028

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First oil is targeted for 2028. Trion was discovered in 2012 by PEMEX. Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater. The resource will be developed through a floating production unit (FPU) with an oil production capacity of 100,000 barrels per day.

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Monolith to collaborate with Goodyear on carbon black for its tire production; methane pyrolysis

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Monolith , a leader in clean carbon black production, signed a collaboration agreement and letter of intent (LOI) with The Goodyear Tire & Rubber Company, one of the world's largest tire companies. Monolith’s carbon black enables manufacturers such as Goodyear to meet sustainability goals and demand for clean materials.

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California Governor orders end to fracking by 2024, instructs CARB to analyze pathways to phase out oil-production by 2045

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Additionally, Governor Newsom requested that the California Air Resources Board (CARB) analyze pathways to phase out oil extraction across the state by no later than 2045. California’s production of oil has been steadily dropping since 1985. According to the California Energy Commission, California oil represented 34.9%

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New study confirms extensive gas leaks in the North Sea; recommends stricter guidelines for handling of abandoned wells

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Researchers from the GEOMAR Helmholtz Center for Ocean Research Kiel have found that considerable quantities of the greenhouse gas methane escape uncontrolled into the water from abandoned oil and gas wells in the North Sea. The most important factor was indeed the distance of the wells from the gas pockets. Haeckel, M.

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California ARB posts draft version of Oil Production Greenhouse Gas Emissions Estimator

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The California Air Resources Board (ARB) staff has posted a preliminary draft version of the Oil Production Greenhouse Gas Emissions Estimator (OPGEE) for the 19 March 2012 Low Carbon Fuel Standard (LCFS) public workshop to discuss lifecycle assessment of crude oil production, including high carbon-intensity crude oil (HCICO).

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The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

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