Energy Exchange

What to watch for as methane targets become the new normal

Last October, the 10 CEOs of major oil and gas producers, including BP, China National Petroleum and Saudi Aramco, announced an aspiration to reach near zero methane emissions from their companies’ natural gas value chains. They pledged, as part of their participation in the Oil & Gas Climate Initiative (OGCI), to work together on a target that would deliver on this future by the time they reconvened for their next annual event.

Because that anniversary is right around the corner, it’s timely to revisit an analysis EDF released this year – with support from several leading investors and industry experts –that lends key criteria for companies to craft robust methane targets, and for stakeholders to evaluate them.

Read More »

Posted in Methane, Natural Gas / Comments are closed

3 “Digital Oilfield” trends to watch at Gastech 2018

Four years ago, I stood in the centralized data command center of an American oil and gas company, watching a former colleague remotely adjust infrastructure at wellsites thousands of miles away because an algorithm detected a potential failure. This was the first time I personally witnessed the power of the “digital oilfield.”

Essentially, the “digital oilfield” refers to a transformative effort to bring solutions such as automation, predictive maintenance, and IoT technologies to the world’s oil and gas industry. Oilfield digitization has started to change the way decisions are made, operations are conducted, and facilities are managed across the entire oil and gas value chain. While early adopters are already employing automated and connected innovations to gain a competitive advantage, only a few are applying digitization technologies to address one of the industry’s biggest challenges: methane.

Fortunately, this is starting to change—because despite a contentious political environment in the United States with the current Administration’s attempts to dramatically weaken methane emissions standards—the opportunities surrounding digital methane management are unprecedented and global, and both the bottom line and the environment can benefit. That’s something that everyone along the oil and gas value chain can get behind.

As Gastech gets underway in Barcelona this week, here are three oilfield digitization trends I’m watching. Read More »

Posted in Methane, Natural Gas / Comments are closed

Methane rollbacks create moment of truth for oil and gas executives

How top energy companies engage in the U.S. methane policy debate in the coming weeks may tell us a lot about the future of natural gas.

As these companies have themselves recognized, the role of natural gas in a world that can—and must—decarbonize depends on minimizing harmful emissions of methane from across oil and gas production and the natural gas value chain. But a recent comprehensive study involving dozens of leading academics and companies around the country found that U.S. methane emissions from industry are 60 percent higher than prior estimates—enough to double the climate impact of natural gas.

Such wasteful emissions leak away the potential climate benefits of natural gas, threatening the credibility of executives making the case to institutional investors and society that natural gas can meet what some industry leaders have deemed the “dual challenge” of meeting energy demand while reducing emissions.

Read More »

Posted in Methane, Natural Gas / Comments are closed

State leaders concerned about safety of reusing oil and gas wastewater

Regulators from across the country met in Vermont this week at the Environmental Council of the State’s (ECOS) fall meeting to discuss some of the nation’s most pressing environmental challenges. I joined members of ECOS’ Shale Gas Caucus to discuss an emerging threat imminently impacting oil and gas-producing states: the question of what to do with the massive amount of wastewater produced by the oil and gas industry each year.

Read More »

Posted in California, Colorado, General, Natural Gas, New Mexico, Ohio, Pennsylvania, produced water, produced water, State, Texas, Water, Wyoming / Comments are closed

Moment of truth arrives for California legislators as clean energy bills clear final amendment hurdles

By Tim O'Connor and Lauren Navarro

The California legislative session closes this Friday, and two important pieces of clean energy and climate legislation (AB 813 and SB 100) hang in the balance.

After months of negotiations and amendments, AB 813 is in the California Senate and is ready for Senate President pro Temp Toni Atkins to assign it to a vote. SB 100 has already passed the Senate and is being considered in the Assembly. Lawmakers should pass both and supercharge the region’s clean energy efforts.

One of the biggest reliability and air quality initiatives in the West, AB 813 would create a regional electric grid and empower Western states to buy and sell more clean energy with each other. That would be good for clean energy efforts in each state, but it would be particularly helpful in California, where we could export our excess clean energy instead of wasting (or curtailing) it. As a result, the region would rely less on local fossil fuel plants to power homes and businesses.

Read More »

Posted in General / Comments are closed

How New Jersey can finance its bold new clean energy targets

By Dakota Gangi and Mary Barber

On May 23, New Jerseyans scored a major economic and environmental victory when Governor Phil Murphy signed a groundbreaking law that will soon make the Garden State an even greener one. The Board of Public Utilities (BPU) has initiated a proceeding that will establish a community solar pilot program within one year of the bill’s signing. Low-income and multifamily households will be able to earn credits on their electric bills for purchasing power from a shared solar array. In just ten years, half the state’s power will come from emissions-free renewable resources, and New Jersey will boast the highest amounts of energy storage and offshore wind in the United States. New Jerseyans can expect clean air, electric bill savings, and the creation of many local and lucrative job openings.

These groundbreaking targets can bring about significant economic growth, especially if New Jersey utilizes a multitude of green financing tools to achieve its goals. The BPU will ensure the state is on track to meet its clean energy goals, as it is putting in place rules and regulations to attract investment. Now, New Jersey should create a green bank to add to its arsenal of green investment mechanisms and to fill the clean energy financing gap identified in EDF’s December 2017 report, Financing New Jersey's Clean Energy Economy: Pathways for Leadership.

Read More »

Posted in Clean Energy, Energy Financing, General, New Jersey / Read 1 Response