Environment
The urgency of methane emissions reduction in the oil and gas sector demands a strategic approach to change management. Success hinges on fostering a shift in industry mindset, where emissions reduction is embedded into operational design and decision-making rather than seen as a regulatory burden.
A revised biological opinion determined that the endangered species could go extinct without new precautionary measures.
The two companies said they will evaluate the possibility of a joint venture to develop a direct air capture hub in South Texas, with XRG considering investing up to $500 million.
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Technip Energies and Shell Catalysts and Technologies announced that their jointly developed improvements on the Cansolv carbon capture technology are being tested in a pilot plant campaign at Fortum Oslo Varme’s waste-to-energy plant. -
A report from the Global CCS Institute says North America’s continued front-runner status in carbon capture and storage (CCS) deployment is largely attributable to tax credits, stronger climate commitments, and an anticipated rise in demand for low-carbon energy products.
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The partnership aims to accelerate offshore CCS adoption with reliable, specialized CCS systems.
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A California appellate court has ruled against a Monterey County ban on new oil and gas wells, possibly paving the way for Chevron and a bevy of smaller oil companies to begin drilling new wells.
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Seven major offshore wind farms would be developed on the East and West coasts and in the Gulf of Mexico under a plan announced by the Biden administration.
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A recent Rystad analysis suggests well spending is set to increase from an expected $1 billion in 2021 to $3 billion in 2026.
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As COP26 looms, the International Energy Agency says governments must send an “unmistakable signal” about clean energy ambition and action if the world wants to avoid the worst effects of climate change.
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The company announced plans to use a new technology to replace the pneumatic systems that are powered by and also vent a substantial volume of methane at its Barnett Shale operating area in north Texas.
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The White House took the first step to restore federal regulations guiding environmental reviews of major infrastructure projects such as highways and pipelines, which were scaled back by the Trump administration that sought to fast-track them.
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The investigation and cleanup of the oil spill, originating from a rupture in an Amplify Energy pipeline in the Beta field, is ongoing.
