regulations

The state’s clean energy boom could be impeded by Texas leaders’ push for legislation that would boost natural gas and place new restrictions on wind and solar projects.

With the methane emissions tax contained in the Inflation Reduction Act looming, confusion reigns over just how to calculate emissions and concerns grow the tax will hit smaller and mid-size companies hardest.

The Bureau of Ocean Energy Management says the increase is needed to keep pace with inflation.

Matador Production Company has agreed to pay $6.2 million in fines and mitigation measures related to 239 oil and gas well pads in New Mexico, while Permian Resources Operating agreed earlier to pay $610,000 and make improvements to its equipment to settle environmental violations.

Regulators told some injection well operators close to the epicenter of a magnitude 4.0 earthquake that they will have to shut down their operations indefinitely.

The funding aims to support 22 projects to advance technologies to monitor, measure, and mitigate methane emissions across the US natural gas supply chain.

Proposed methane regulations for the oil and gas industry are in the works in the United States and the European Union. This brief summarizes the next steps for methane rules on both sides of the Atlantic.

BPX Energy, BP’s US onshore upstream business, has expanded MiQ certification to 100% of BP’s US onshore facilities in Texas and Louisiana.

The increase comes as federal agencies change fines to reflect inflation.

Under the Biden administration’s Inflation Reduction Act, enacted into law last year, companies must start producing precise measurements of their methane emissions next year and face fines if they exceed permissible levels. Yet, technology that might allow for precise methane measurements is still being developed.