Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  




Subscribe to our free daily newsletters



OIL AND GAS
Wood Mac: Emissions increase faster than production
by Daniel J. Graeber
Washington (UPI) Sep 20, 2017


Gross emissions from the production of oil and natural gas are increasing faster than the actual rate of production, consultant group Wood Mackenzie found.

The group drew on its records for oil and natural gas production to carry out what it said was the first comprehensive study ever to look at upstream sector emissions. It said that gross emissions from the assets it examined are increasing at a rate of about 17 percent through 2025, compared with production gains from the same assets of 15 percent over the same period.

"This is being driven largely by the higher intensity of primary growth themes - heavy oil, oil sands and liquefied natural gas," Amy Bowe, the head of upstream research at Wood Mackenzie, said in an emailed statement. "Conventional onshore assets are still the largest single source of emissions and production to 2025, but they represent a declining share in each case."

By country, the results are mixed, the report found. Malaysia, Nigeria and Venezuela rank as the country's with the highest level of emissions because of their concentration of heavy oil operations, though they aren't among the largest in terms of production.

By resource, the report found LNG emissions are on pace to increase quicker than all of the others included in the study. Emissions from liquefaction, the process for cooling gas to the liquid form, are on pace to increase by 43 percent over the study period, compared with 22 percent gains in production.

Liquefied natural gas is gaining ground because it offers a cleaner fuel resource and more maneuverability in terms of delivery. Conventional gas is shipped through transnational pipelines, which are exposed to geopolitical risk.

Gavin Law, the head of natural gas and power consulting for Wood Mackenzie, said the study matters for investors looking at plans to advance a global low-carbon economy.

"The carbon emissions targets set by the Paris Agreement, together with potential policy changes, are starting to influence investors' capital decisions and shape companies' long-term corporate strategies," he said.

Wood Mackenzie studied emissions from fields owned by 25 different companies.

OIL AND GAS
Kazakhstan gets support to diversify away from oil
Washington DC (UPI) Sep 18, 2017
Oil-rich Kazakhstan has ambitions to become a "high-income country," but it needs support to diversify its economy, the Asian Development Bank said. "Fulfilling the country's potential to become a high-income country will require substantial knowledge contributions and financial resources," Giovanni Capannelli, ADB country director for Kazakhstan, said in a statement. Since joini ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
A sweeter way to make green products

How to draw electricity from the bloodstream

Scientists make methanol using air around us

Could switchgrass help China's air quality?

OIL AND GAS
Defects in next-generation solar cells can be healed with light

Dubai awards contract for final phase of solar park

Engineers develop tools to share power from renewable energy sources during outages

Obama-era solar power program reaches goal early

OIL AND GAS
Kimberly-Clark next U.S. company to draw more on renewables

Finding better wind energy potential with the new European Wind Atlas

UK wind electricity cheaper than nuclear: data

Last of the 67 turbines for a British wind farm installed

OIL AND GAS
Discovery could reduce nuclear waste by chemically reengineering molecules

Finland's TVO challenges approval of Areva bailout

Russia's use and stockpiles of highly enriched uranium pose significant nuclear risks

EU parliament opposes bid to reduce testing of Fukushima food imports

OIL AND GAS
Warmer world may bring more local, less global, temperature variability

Series of potent hurricanes stokes scientific debate

Italy's drought seen from space

Periodic table of ecological niches could aid in predicting effects of climate change

OIL AND GAS
VW recalls 4.86 million vehicles in China over airbag concerns

Waymo suit against Uber on road to trial

5,000 'Dieselgate' deaths in Europe per year: study

Rickshaws to jump start India's all-electric drive

OIL AND GAS
Dozens dead in Iraq attack claimed by IS

Iraq readies to retake IS bastion near Syria border

Iraq holds 1,300 IS women, children: security official

Slow recovery for Iraq's Mosul after IS ouster

OIL AND GAS
EU seeks to ramp up N.Korea sanctions pressure

North Korea says will make US suffer over 'vicious' UN sanctions

North Korea fires missile over Japan; With 'Guam in mind'

S.Korea's Lotte to sell China shops in face of boycott




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement