- Methane Emissions and Green House Gases Reduction go Hand-in-Hand
October 17, 2018: Methane Emissions and Green House Gases Reduction go Hand-in-Hand
In an article from Reuter’s last week, Shell Chief Executive Ben van Beurden said, “Shell’s core business is, and will be for the foreseeable future, very much in oil and gas… and particularly in natural gas.”
And it’s not just Shell (RDSa.AS) that is betting that the demand for natural gas will continue to increase for decades, along with BP (BP.L) and Total (TOTF.PA) also rising to the demand to develop cleaner energy sources, they are investing more and more in solar and wind power, electric vehicle technology and even forestation.
Still, they see oil, and especially natural gas, the least polluting fossil fuel, playing a major role throughout the decades of transition and beyond as demand for electricity and plastics grows.
By 2035, Shell expects global gas demand to grow annually by 2 percent, twice the pace of worldwide energy demand, van Beurden said.
This increase in demand is just one reason that the efforts of ONE Future make sense for oil and natural gas companies. ONE Future’s members begin with a focus on the outcome we want to achieve. In the case of natural gas methane emissions, our desired outcome is to collectively achieve an average rate of emissions across all facilities that is equivalent to one percent (or less) of total produced and delivered natural gas.
Qatar, one of the world’s largest natural gas suppliers, is set to grow its liquefied natural gas (LNG) capacity by over 40 percent by the next decade to around 110 million tonnes per year, as demand for the super-chilled fuel is set to soar, particularly in fast-growing economies such as China and India.
“We believe that natural gas will continue to play a key role, not as a so-called transition fuel but rather as a destination fuel,” Qatar Petroleum CEO Saad Al Kaabi said.
Shell is investing more than any other of its peers in clean energy, spending $1 billion to $2 billion a year on renewables and low-carbon energy. That compares with a total annual spending budget of $25 billion-$30 billion.
The investments “might even make people think we have gone soft on the future of oil and gas. If they did think that… they would be wrong,” van Beurden said.
It’s important in the years to come that we focus on reducing methane and protecting our environment in every way possible, all while ensuring natural gas is a sustainable energy source for decades to come.
- Methane Emissions and Green House Gases Reduction go Hand-in-Hand - October 17, 2018: Methane Emissions and Green House Gases Reduction go Hand-in-Hand In an article from Reuter’s last week, Shell Chief Executive Ben van Beurden said, "Shell's core business is, and will be for the foreseeable future, very much in oil and gas… and particularly in natural gas." And it’s not just Shell (RDSa.AS) that Read More
- October 1, 2018: Methane Emissions Reduction Gains Global Momentum - October 1, 2018: Methane Emissions Reduction Gains Global Momentum An important article ran in the Houston Chronicle last week, commending several well-known energy companies on their recent pledge to reduce methane emissions. Exxon Mobil, Chevron and Occidental Petroleum were mentioned as the most recent to join in the Oil and Gas Climate Initiative (OGCI). OGCI’s pledge Read More
- ONE Future Welcomes Berkshire Hathaway Energy! - September 13, 2018: ONE Future Welcomes Berkshire Hathaway Energy! If you haven’t already seen the official press release, we announced today that Berkshire Hathaway Energy (BHE) Pipeline Group has joined with the coalition. BHE consists of two natural gas pipelines that operate in the Transmission and Storage Segment: Northern Natural Gas Company pipeline system stretches Read More
- The Methane Emissions Triangle - September 5, 2018: The Methane Emissions Triangle In an op-ed that I recently read in the Wall Street Journal, it seems that the author is stating that neither side in the climate change argument has any real answers to the problem, and in my opinion, it is unlikely they will come to an agreement. One Read More
- How ONE Future is Working with the EPA - August 30, 2018: How ONE Future is Working with the EPA Colorado is one of the many states in the U.S. considering how to deal with methane emissions. One of the approaches they are considering is using a voluntary method, similar to ONE Future’s program. As states begin to look at dealing with methane emissions Read More
- The U.S. Natural Gas Advantage - August 15, 2018: The U.S. Natural Gas Advantage Forbes recently published an article in which the author discusses the advantages that the U.S. natural gas supply has over Russia’s gas supply based on lower methane emissions rates from U.S. gas. The author states that Gazprom’s system has a leak rate of 5-7%, though admits that Read More
- Self-Regulate, While You Still Can - August 9, 2018: Self-Regulate, While You Still Can I read recently that Mexico is the latest country to crack down on methane emissions from its oil and gas wells, and is even looking to use some regulations that were established by the Environmental Defense Fund. Mexico's President-elect, Andres Manuel Lopez Obrador, made the announcement as Read More
- Working Together to Reduce Methane Emissions - August 2, 2018: Working Together to Reduce Methane Emissions An article published earlier this year in The Conversation gives an excellent summary of the efforts on behalf of the U.S., Canada and Mexico from the last several years to reduce their methane emissions. The article’s authors are Kate Konschnik, Director, Climate & Energy Program, Nicholas Read More
- WSJ Op-Ed from Fred Krupp, President EDF - July 24, 2018: Fred Krupp President of the Environmental Defense Fund penned an op-ed in the Wall Street Journal Fred Krupp President of the Environmental Defense Fund penned an op-ed in the Wall Street Journal entitled, Capitalism Will Solve the Climate Problem. The thesis of the article is that science and capitalism must work together if Read More
- Energy Industry Motivated to Cut Greenhouse Gas Emissions - July 18, 2018: Energy Industry Motivated to Cut Greenhouse Gas Emissions Last week, John Williams, Apache Corp., drafted this opinion piece that ran in the Houston Chronicle. In case you missed it, here are the highlights. The US consumes 100 Trillion BTU of energy every year which is 20 percent of global consumption. Natural Gas Read More