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Statoil To Become Equinor, Dropping'Oil' To Attract Young Talent Shareholders in Norway’s largest company, Statoil, approve the board’s proposal to drop “oil” from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels’ impact on climate change. Norway’s Statoil on 24 April played down concerns that drilling in the Arctic is risky, days before it starts its drilling campaign in the Barents Sea, where the country believes around half of its remaining resources could be located.
The oil and gas major has set aside $100 million to fund projects that will deliver new greenhouse gas emissions reductions in its upstream oil and gas operations. The emissions intensity of upstream Canadian oil sands production will continue to decline in coming years, falling to 30% below 2009 levels by 2030, a new report by business information provider IHS Markit says. On 26 April 2018, Canada's minister of environment and climate change announced new regulations under the Canadian Environmental Protection Act, 1999, to reduce methane emissions in the oil and gas sector by almost half.
US pipeline company Energy Transfer has taken the rare step of invoking force majeure—normally used in times of war or natural disaster—to prevent oil firms from walking away from a proposed expansion of the controversial Dakota Access pipeline, according to two sources familiar with the matter. The US Army Corps of Engineers said on 31 August that a permit it granted for the Dakota Access Pipeline last year was environmentally sound, handing a setback to tribal and green groups hoping to stop the flow of oil on the pipeline.
Hess To Give $12.5 Million to Salk Institute To Work on Plant-Based Carbon Capture and Storage Salk’s Harnessing Plants Initiative will receive a $12.5 million gift from Hess to advance two projects to enhance plants’ natural ability to store carbon and mitigate the effects of climate change: the CO2 Removal on a Planetary Scale (CRoPS) program and the Coastal Plant Restoration (CPR) program. Hess has earned a place on the Dow Jones Sustainability Index North America for the ninth consecutive year. The index recognizes public companies for outstanding performance across economic, environmental, and social factors. Hess has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s list of 100 Best Corporate Citizens for 2018.
Most states are involved in the actual day-to-day work of enforcing environmental permitting programs based on federal rules and policies. While some states plan to defer to the EPA’s latest guidance, others indicated they will not. The Environmental Protection Agency announced a sweeping relaxation of environmental rules in response to the coronavirus pandemic, allowing power plants, factories, and other facilities to determine for themselves if they are able to meet legal requirements on reporting air and water pollution. The US Environmental Protection Agency recently finalized a voluntary disclosure program for new owners of upstream oil and gas facilities designed to encourage them to find, correct, and self-report violations of the Clean Air Act, in particular those associated with emissions from storage vessels. The report details information obtained during the EPA’s outreach to stakeholders.
The report details information obtained during the EPA’s outreach to stakeholders. The information in the report will help the EPA determine whether any future actions are appropriate to address oil and gas extraction waste water further. Elevated concentrations of strontium, an element associated with oil and gas waste waters, have accumulated in the shells of freshwater mussels downstream from wastewater disposal sites, according to researchers from Penn State and Union College. With concern growing that the underlying geology in the Permian Basin is reaching capacity for disposal wells, the Trump administration is examining whether to adjust decades-old federal clean-water regulations to allow drillers to discharge waste water directly into rivers and streams. The US Environmental Protection Agency (EPA) is embarking on a new study that will take a holistic look at how the EPA, states, and stakeholders regulate and manage waste water from the oil and gas industry.
Up to 1,000 gallons of oil per day are being removed from the site of the Taylor Energy spill, says the owner of the company that installed a containment system. On 30 October 2017, the British Columbia Ministry of Environment and Climate Change Strategy repealed and replaced the Spill Reporting Regulation. The new regulation expands the circumstances under which spill reports must be provided to the province and increases the information they must contain.
Emissions of methane from the industrial sector have been vastly underestimated, researchers from Cornell University and the Environmental Defense Fund have found. Proposed changes would modify EPA's August 2016 final rule, "Oil and Natural Gas Sector: Emission Standards for New, Reconstructed, and Modified Sources." The proposal has been submitted for publication to the Federal Register. Following that publication, the EPA will accept comments for 60 days.
Taranaki farmers say they will be collateral damage if a recommendation that safety exclusion zones be enforced around oil and gas installations is taken up. New Zealand will not grant any new permits for offshore oil and gas exploration, Prime Minister Jacinda Ahern said, taking the industry by surprise with a decision that it says will push investment overseas.
Study Says Taylor Oil Spill Is up to 1,000 Times Worse Than Rig Owner's Estimate A new federal study estimates that, each day, about 380 to 4,500 gal of oil are flowing at the site where a company's oil platform was damaged after a hurricane. Up to 1,000 gallons of oil per day are being removed from the site of the Taylor Energy spill, says the owner of the company that installed a containment system.