Environment

DNV notes that energy and industrial process-related carbon emissions will have dropped by 2050 by only 44% from today’s level, not even halfway to the net-zero pledge envisioned by the Paris climate agreement.
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
With millions of wells having been drilled in the US since the beginning of the oil age, the land is pocked with old, unused wellbores. For most, repurposing is a pipe dream. Plugging is the best option.

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