Offshore Energy ’s Post

Supreme Court Clears the Way for Biden’s Methane-Control Plan: A Key Step in the Fight Against Climate Change The recent Supreme Court ruling marks a pivotal moment in the U.S. climate agenda by allowing the Biden administration to proceed with its ambitious methane-control regulations. This decision is critical because methane is over 80 times more potent than carbon dioxide in trapping heat over a 20-year period, according to the Intergovernmental Panel on Climate Change (IPCC). Why This Matters: Methane is responsible for approximately 30% of the global rise in temperatures since the pre-industrial era, making it a key target in climate mitigation strategies. The U.S. oil and gas industry is one of the largest sources of methane emissions, accounting for about 25% of total U.S. methane emissions. By tightening regulations, the Biden administration aims to cut methane emissions from the oil and gas sector by 87% below 2005 levels by 2030. The Environmental Protection Agency (EPA) estimates that the new rules will reduce 36 million tons of methane emissions over the next decade, which is equivalent to taking more than 200 million cars off the road for a year. This is a monumental step toward meeting the U.S. climate goal of 50-52% greenhouse gas emissions reduction by 2030, as part of the Paris Agreement. Implications for the Energy Sector: For energy companies, this ruling means adapting quickly to new standards, including upgrading leak detection systems and eliminating routine flaring. While the EPA estimates that the initial cost to the industry could be up to $1 billion per year, it also projects significant long-term savings from capturing and selling gas that would otherwise be wasted. Moreover, reducing methane emissions is not just about compliance—it’s an opportunity for companies to future-proof their operations against stricter environmental regulations worldwide. This ruling is a clear signal that addressing methane emissions will be a cornerstone of U.S. climate policy moving forward. It presents both challenges and opportunities for the energy sector, as the world transitions toward more sustainable energy solutions. The Road Ahead: As we move forward, collaboration between regulators, industry leaders, and technology providers will be essential to meeting these targets. The implementation of these methane-control measures is expected to set a global precedent, potentially inspiring other major gas-producing nations to follow suit.

📢 New blog article is out now! The EU is taking a monumental step in the fight against climate change with new methane rules for the energy sector. Our latest blog post unpacks these rules, with a focus on continuous monitoring, and looks at how they'll shape the future of emissions reduction. In April, the European Parliament reached a provisional agreement to cut methane emissions, a major contributor to global warming. These regulations aim for a 45% reduction by 2030, in line with the UN's Sustainable Development Goals and, crucially, a 0.3°C reduction in global warming by 2045. But implementing these regulations isn't without its challenges. From bureaucratic hurdles to defining reporting standards, the road to methane reduction requires careful navigation. But fear not! Our blog clarifies these complexities, providing insights into compliance strategies and highlighting the importance of continuous monitoring. At the heart of these regulations is the need for improved measurement, reporting and verification of methane emissions. Our blog breaks down key aspects, including emissions monitoring, leak detection and repair, highlighting the role of continuous monitoring solutions such as our Nubo Sphere. With Nubo Sphere, operators can stay ahead of the curve, attaining compliance and contributing to a cleaner, greener future. Join us as we explore the intricacies of EU methane regulations and the transformative power of continuous monitoring. Let's take a step towards a more sustainable future together! 🌱 Read the full article here 👉 https://scom.ly/BglqnNg If you have any questions or input, feel free to reach out to our methane monitoring expert Oliver Martin. #MethaneRegulations #NuboSphere #ContinuousMonitoring #EUClimatePolicy

Interesting read! I echo Attilio's comments here around how we as Baker Hughes have an important part to play in energy transition. Oil and Gas is still a much-needed commodity for the near future so it's important that we ensure when it is extracted from the ground we do so with the smallest impact on the environment and emissions. 🤝 Collaboration is key to creating a more sustainable future. Want to know more.....click below to hear from our Oilfield Services & Equipment SVP to learn how #BakerHughes is reducing emissions and promoting environmental stewardship. #WeAreBakerHughes #Decarbonization

The recent released EU Methane Regulation is a game-changer for the Oil and Gas sector, pushing for significant reductions in methane emissions. At XP , we're committed to helping industry leaders navigate and excel under these new standards. Reach out to us today to discover how we can assist you. #XPUpgreen #Sustainability #ClimateAction #MethaneReduction #OilAndGas #EURegulations #Innovation #Compliance #EnvironmentalLeadership

Combining our #upstream operations expertise with international best-practice approved methodologies for #decarbonization we're looking forward to assist O&G companies to decarbonize their operations in a comprehensive manner. #XPUpgreen #oilandgas #decarbonization #emissionsmanagement

We’ve been eagerly anticipating this regulation, and it has finally arrived. The new guidelines on Methane Emissions in the EU Energy Sector will enhance transparency and drive significant reductions—what gets measured, gets managed. This regulation is also crucial for the EU’s energy imports and the countries that export to the EU. Contact us XP today to learn how we can support you in navigating these changes. #XPUpgreen #Sustainability #MethaneReduction

The Biden administration is taking a significant step to combat climate change by announcing $850 million in funding for projects aimed at reducing methane emissions from oil and gas production. The grants, funded through the 2022 Inflation Reduction Act, will be awarded by the DOE and EPA across three main categories. First, there will be support for small oil and gas producers to reduce methane emissions from existing wells and infrastructure. Second, up to 26 awards will focus on minimizing leaks from equipment such as engines and compressors. Third, funding will be allocated to partnerships for tracking methane emissions in communities near oil and gas infrastructure. Methane, a potent greenhouse gas, is a major contributor to climate change, and cutting its emissions is seen as a crucial short-term measure. The EPA's recent rules and the upcoming grant program underscore the administration's aggressive stance on reducing methane pollution. How will these new grants impact small vs. large producers in the oil and gas industry? What are the potential benefits for communities living near oil and gas infrastructure? Can this funding and the new regulations significantly reduce the US's methane emissions? https://lnkd.in/dBtYpQUG

SBTi Takes Aim at Oil and Gas Emissions! The Science Based Targets Initiative (SBTi) has officially entered the drafting phase for its new oil and gas standard. This crucial step follows extensive research and stakeholder input, demonstrating SBTi's commitment to developing a robust framework that aligns with the ambitious 1.5°C Paris Agreement goal. 🌍 The upcoming standard will provide oil and gas companies with clear guidance on setting and achieving ambitious emission reduction targets, contributing to a more sustainable future. 🌱 #SBTi #ClimateChange #OilAndGas #Sustainability #ClimateAction #ParisAgreement Link to news: https://lnkd.in/dETJNH-W

Join the Largest Summit on Methane Emissions in North America! 🌍 Methane Mitigation America 2024 is bringing together industry leaders to tackle one of today’s most pressing challenges in oil and gas: measuring, monitoring, and mitigating methane emissions. With evolving U.S. regulations and an expanding range of advanced technologies, understanding the best solutions for your operations has never been more critical. From December 3-5, 2024, connect with 250+ industry peers in Houston to explore practical solutions, enhance compliance, and optimize efficiency. Just days after COP-29 and the U.S. presidential election, it’s a prime moment to gain insights on aligning with new mandates and staying ahead in a rapidly changing landscape. Read more: https://lnkd.in/eS7pGaVc Explore our Services: www.aries-one.com #AriesOne #EnergyConsultants #RigCount #OilAndGas #EnergyConsultants #OilAndGasConsultants #MethaneMitigation #MethaneReduction #OilAndGas #SustainableEnergy #HoustonSummit #MethaneManagement

G7 decision to phase out coal by 2035 is a step in the right direction but there is more to be done on oil and gas. https://lnkd.in/eRrTc_J2