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Major Announcements on Methane
EQT and Chesapeake: Major Announcements on Methane Gerson Freitas Jr. (April 18): EQT, which pumps more gas than any other U.S. driller, is supporting Congressional resolutions condemning last year’s rollback of Obama-era limits on methane emissions from new oil and gas wells… Hours earlier, EQT announced “its commitment to seek independent certification of a majority […]
Flaring Drops Sharply
Associated Gas Flaring Drops Significantly (S&P Global Platts) J. Robinson and Taylor Cavey (April 12): Over the past 16 months, flared volumes from U.S. associated gas basins have fallen by over 60%, led primarily by activity in just two basins the Permian and the Bakken. In the Permian, flaring declined to a multiyear low in […]
FERC Water Rule Final
Final Water Quality Certification Rule Published Dianne R. Phillips, Holland & Knight (April 02): On March 29, FERC published its Final Rule regarding Waiver of the Water Quality Certification Requirements of Section 401 of the Clean Water Act. The Final Rule amends FERC’s regulations to categorically establish a one-year time period for a state- or […]
Plugging Old Wells
Oil Industry Mum on Biden Jobs Pitch Josh Siegel and Abby Smith, Wash. Examiner (April 01): The oil and gas industry does not sound gung-ho about a provision of Biden’s green infrastructure plan to invest $16 billion to employ “hundreds of thousands” of fossil fuel workers to plug leaking wells. API did not directly comment […]
Indian Minister on Net Zero
Calls 2050 Net Zero Targets ‘Pie in the Sky’ Matt McGrath, BBC (April 01): Indian Minister Raj Kumar Singh during the IEA/COP26 Net Zero Summit: “2060 sounds good, but it is just that, it sounds good… I would call it, and I’m sorry to say this, but it is just a pie in the sky.” […]
World Bank Climate Policy
World Bank Revises Climate Policy but Continues Fossil Fuel Funding Valerie Volcovici, Andrea Shalal, Kate Abnett- Reuters (March 31): A revised World Bank policy on climate change commits to making financing decisions in line with efforts to limit global warming but stops short of promising to halt funding of fossil fuels, according to a draft bank presentation […]
Poland Demand to Soar
Demand to Rise as Poland Reduces Coal Agnieszka Barteczko (March 30): Poland’s demand for gas will jump by 60% over the next 10-13 years from around 20 bcm annually, gas grid operator Gaz-System said, as coal-reliant Poland sees gas as a transition fuel before switching to nuclear and renewables. Piotr Naimski, the government official responsible for […]
Mozambique Attack Analyzed
What Went Wrong? Theo Neethling, The Conversation (March 30): Recent events in Palma, a town in the volatile Cabo Delgado province in the north of Mozambique, have taken bloodshed in the region to new levels. Dozens of people were killed when hundreds of Islamist militants stormed the town on March 25. The conflict has put […]
Brunsbüttel Finalizing Contracts
Germany’s Brunsbüttel LNG Terminal Finalizing Import Contracts (S&P Global Platts) Stuart Elliott (March 29): The developer of the planned 8 Bcm/year LNG import terminal at Brunsbüttel in northern Germany is finalizing binding import contracts with several market players. German LNG Terminal—whose developers are Gasunie, Vopak, and Oiltanking—is one of three LNG import terminals under development […]
China Coal Use Soars
China Approved 46 GW of Coal in 2020 Josh Siegel and Abby Smith, Wash. Examiner (March 29): Provincial governments in China greenlighted 46 GW of new coal power plants in 2020, more than the previous three years combined, the environmental group Greenpeace reported today. New permits for coal ballooned last year after China eased its […]