ENVIRONMENT

SPE.org 

America’s hottest oil patch is producing so much natural gas that, by the end of last year, producers were burning off more than enough of the fuel to meet residential demand across the whole of Texas. Equinor has agreed to align its business model with the goals of the 2015 Paris climate accord and will review its corporate lobbying policy and the carbon intensity of its products, the company said. It will also link executive pay to climate-related targets. A wave of satellites set to orbit the Earth will be able to pinpoint producers of greenhouse gases, right down to an individual leak at an oil rig. Scientists from the University of East Anglia have discovered a unique oil-eating bacteria in the deepest part of the Earth’s oceans—the Mariana Trench. A bipartisan group of senators introduced a bill to increase federal funding toward developing carbon capture technology while also committing to fossil fuel use. Oilfield wastewater disposal volumes are expected to double in the Permian Basin within the next 2 to 3 years, a new analysis from global energy intelligence firm Wood Mackenzie shows.

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