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Briefly stated, carbon capture and sequestration (CCS) will help us to sustain many of the benefits of using hydrocarbons to generate energy as we move into a carbon-constrained world. Even though the CO2 generated by burning hydrocarbons cannot always be captured easily in some cases (as in oil used for transportation), sequestration of CO2 from other sources (such as coal-fired power stations) can help to create, to some degree, the “headroom” needed for the volumes of CO2 that escape capture. Because of the likely continuing competitive (direct) cost of hydrocarbons and in light of the huge investment in infrastructure already made to deliver them, the combination of fossil fuel use with CCS is likely to be emphasized as a strong complement to strategies involving alternative, nonhydrocarbon sources of energy. Moreover, the exploitation of heavy oil, tar sands, oil shales, and liquids derived from coal for transportation fuel is likely to increase, even though these come with a significantly heavier burden of CO2 than that associated with conventional oil and gas. CCS has the potential to mitigate some of this extra CO2 burden. If we wish to sustain the use of oil, gas, and coal to meet energy demands in a carbon-constrained world and to provide time to move toward alternative energy sources, then it will be necessary to plan for and implement CCS over the coming decades. Subsequently, we should expect a continued need for CCS beyond the end of the century.
The Colorado Oil and Gas Conservation Commission approved new rules governing well construction, testing, and related matters, which the agency says will result in the strongest rules nationwide to protect groundwater from contamination from oil and gas activity. The number of temporarily abandoned oil and gas wells is up 37% from last year, but Colorado regulators say they still have the time—and money—to inspect them. The Colorado Oil and Gas Conservation Commission approved an $18.25 million fine against Kerr-McGee, a subsidiary of Anadarko Petroleum, which has now been acquired by Occidental Petroleum. The money will go to establish the Mark Martinez and Joey Irwin Memorial Public Projects Fund. The county commissioners approved regulations for new oil and gas facilities in the county that match or exceed state rules.
Royal Dutch Shell will announce a major restructuring by the end of the year as the energy company prepares to accelerate its shift toward low carbon, Chief Executive Officer Ben van Beurden told employees, a company source said. The largest US clean energy incubator has selected the city as the site for its second location, expanding Houston’s role as energy capital of the world beyond oil and gas. As industry imposes work from home, health checks, and other severe measures, could digitalization provide relief? Equinor and partners Shell and Total have completed the drilling of a confirmation well south of the Troll field in the North Sea. The purpose of the well is to determine the suitability of the reservoir for carbon dioxide storage.
As the world’s top oil producers prepared for a weeklong meeting in April to plan a response to slumping prices of crude, espionage hackers commenced a sophisticated spearphishing campaign that was concentrated on US-based energy companies. Switching to remote working because of the coronavirus can create cybersecurity problems for employers and employees. Here are some things to watch. Iranian state-sponsored hackers reportedly have deployed a new strain of data-wiping malware on the network of Bapco, Bahrain's national oil company. Companies should disclose instances of cyber-enabled intellectual property theft.
What Are the Security Challenges of the Oil and Gas Market? Protecting the oil and gas market is key to a thriving economy. The list of security challenges for oil and gas requires the best technology solutions the industry has to offer. A panel of experts addresses the question "What are the security challenges of the oil and gas market?" A recent report details national and global security threats related to climate change in the hopes that decision-makers and leaders will recognize the relationship between global warming and security.
The UK’s offshore oil and gas industry has committed to halving operational emissions in the next decade, confirming its pathway to becoming a net-zero emissions basin by 2050. Oil and Gas UK confirmed it is supporting the roll-out of a special protective face covering designed for workers traveling by helicopter to offshore installations in the UK continental shelf. Industry representative body Oil and Gas UK and safety organization Step Change in Safety have coproduced a series of films to address the concerns of thousands of workers traveling offshore during the coronavirus pandemic.
The UK’s offshore oil and gas industry has committed to halving operational emissions in the next decade, confirming its pathway to becoming a net-zero emissions basin by 2050. The UK’s leading oil and gas industry body says the industry can reduce emissions while meeting the region’s energy demand. The 33-month project will compare emissions data collected by terrestrial sensors to GHGSat's combined satellite and aircraft measurements. More than 60 producers participate in the program designed to reduce wellsite emissions. 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 UK’s offshore oil and gas industry has committed to halving operational emissions in the next decade, confirming its pathway to becoming a net-zero emissions basin by 2050. As industry imposes work from home, health checks, and other severe measures, could digitalization provide relief? UK's First Carbon Capture and Storage Project Could Be Operational by Mid-2020s The Acorn Project will capture about 200,000 tonnes of carbon dioxide from the St. Fergus Gas Terminal and transport it for storage to one of three depleted gas fields using existing pipelines. Levels of stress and mental health problems among UK workers are at a 17-year high, according to the latest injury and ill health statistics published by the Health and Safety Executive. The UK’s offshore oil and gas industry continued to see improvement across a broad range of health and safety indicators last year, according to a key insight published by Oil & Gas UK. Offshore Industry Has Come'Perilously Close to Disaster,' Warns UK's Health and Safety Executive Oil & Gas UK recently published guidelines with its most up-to-date information aimed at helping operators ensure they have the required financial measurements in place to meet the cost of cleanup for an oil release.
Last fall, European Space Agency satellites detected huge plumes of methane leaking from the Yamal pipeline that carries natural gas from Siberia to Europe. Energy consultancy Kayrros estimated one leak was spewing out 93 tonnes of methane every hour. This paper outlines how satellite technology can enhance oil-spill detection and, therefore, consequence management, drawing on a comparative study of options.
Extreme downhole conditions may lead to rapid degradation of pumped cement. The understanding of degradation of cement under such conditions is imperative to bring about improvements in the cement formulation. Tackling climate change is the key issue for the oil and gas industry in the years ahead. The authors review the reasons for capturing CO2 and possible applications such as enhanced recovery and sequestration. Antarctica is the storehouse of the world’s oldest ice-borne climate records, preserved in the Antarctic deep freeze for millions of years.