Radu Mircescu’s Post

Safety incidents in oil and gas companies aren't just about immediate costs — they often signal greater risks for the future. 🚨 Bloomberg's research shows that higher Tier 1 process safety event (PSE) rates can predict increased spill amounts the following year. This can lead to higher fines and widened credit spreads. Key insights: 1️⃣ Companies with lower PSE rates reported fewer spills. 2️⃣ Linking executive pay to spill reduction has led to better safety outcomes. 3️⃣ Spills widened credit spreads by an average of 32 bps. 🔍 Read more here: https://bloom.bg/4dwaj7E #OilAndGas #ESG #RiskManagement #SustainableFinance #Bloomberg #Research

"National oil companies produce half of the world's oil and gas." As #ClimateWeekNYC draws to a close, NRGI's Patrick Heller highlights the still-overlooked role of NOCs in energy transition--and how investors can help to mitigate state companies' transition risk. 💡 In-depth research on the increasingly risky bets that NOCs are making, and a look at NOCs' overall preparedness for the transition: https://lnkd.in/eZhxZ4ws 📺 More video dispatches from NRGI experts in New York: https://lnkd.in/eUGcbpvv

The article discusses the progress and challenges in decarbonization efforts within the upstream oil and gas industry. Here are the key points: 1. Emissions intensity in the upstream oil and gas sector has decreased by 12% since 2017, primarily due to reduced flaring, improved methane leak detection, electrification, and carbon capture utilization and storage (CCUS) 2. Despite the reduction in emissions per barrel, absolute emissions have plateaued due to increased post-pandemic production to meet demand. Absolute emissions could rise again in 2024 and potentially surpass pre-pandemic levels by 2028 3. Fuel use in production and processing remains the largest source of emissions and the most difficult to abate. The expansion of liquefied natural gas (LNG) production could further increase absolute emissions 4. Major oil companies and large caps face the most scrutiny but are responsible for less than a quarter of total emissions. National oil companies (NOCs), independents, and smaller operators account for the majority of emissions 5. Decarbonization efforts have mainly focused on flaring, methane, and venting. However, combustion-related emissions from production, processing, drilling, and liquefaction account for two-thirds of total emissions and are harder to address 6. Flaring has seen the most significant reductions, driven by international oil companies (IOCs) and regions with stricter regulations. However, more than 10 bcfd is still burned yearly 7. Local regulations are becoming more supportive of decarbonization and are effective catalysts for emissions reductions. Mature regions are seeing emissions decrease due to falling oil and gas output 8. Carbon capture utilization and storage (CCUS) can address venting from high-CO2 gas fields but remains costly for large-scale combustion-related emissions abatement 9. Methane reduction is a priority for the industry, but measurement and consistent reporting remain challenging #ccus #decarbonization #carboncapture

The study says in the event that oil and gas drillers could be required to cut greenhouse gas emissions by 40 per cent by 2030, the industry could see $75 billion less in capital investment over the course of the next nine years compared with current policy conditions. 👉 Read here: https://lnkd.in/gKryqJJC 🔺 Interested in more energy news, data and features? Take a free DOB Energy trial here: https://ow.ly/ajAv50RWE1A #oilandgas #energy #emissions #regulatory #oilsands Canadian Association of Petroleum Producers (CAPP)

🟢 As the world experiences a #methane data revolution, what does it mean for companies to report emissions with credible, measurement-based data? A new guide to OGMP 2.0 Level 4 and Level 5 reporting is now available online, sharing insights from Tania Meixús Fernández Fernandez and Lisa Solomchuk, Senior Advisors at IMEO’s OGMP 2.0 to help companies navigate the Partnership's emission reporting framework. ℹ️ The Oil & Gas Methane Partnership 2.0 is UNEP's flagship programme that helps companies transition to credible measurement-based reporting that is key for them to design targeted and cost-effective #mitigation strategies.   Check out the guide: https://lnkd.in/ek8Y-uVR Learn more about OGMP 2.0: ogmpartnership.com

Regulating oil and gas emissions doesn’t have to mean capping production. But it depends on whether companies follow through on their promises to invest in available technologies to reduce their emissions - including taking steps to further reduce methane emissions from conventional oil and gas production, and investing in carbon capture in the oilsands. The oil and gas sector has options available to it to futureproof its operations and continue to make an important contribution to Canada’s and Alberta’s future energy economy. Read more ⬇️

One day left to save on our ground-breaking 30-page report that provides an unparalleled analysis of methane emissions across the Top 50 North American Oil and Gas producers. Produced by our partner GEO | Geofinancial Analytics, the report provides investors with critical insights into which companies are proactively managing their emissions and which are at risk of incurring substantial fines. It includes: - Executive summary - Satellite-observed emissions (scores, rankings, emissions trends) - Reporting gap analysis (self-reported vs. satellite-observed) - US EPA methane fee estimates for excessive emissions - Methodology, technical documentation, and frequently asked questions This comprehensive report, available for $8,500, features insightful data visualizations and includes complete data files for bespoke analysis. Purchase the report before April 5 and get a 20% discount – $6,800 (use code: FFI0324). https://lnkd.in/gznjz6Wv #methanescan #methaneemissions #methanereport

🛢️ Keeping a close eye on oil and gas metrics is crucial for staying ahead in the industry! 📊 Whether it's monitoring production levels, analyzing market trends, or tracking environmental impact, having a solid grasp on these key indicators is essential for making informed decisions. 💡 Stay informed, stay ahead! #OilandGas #Metrics #DataAnalysis #IndustryInsights 🌍🔍

Safety incidents in oil and gas companies aren't just about immediate costs — they often signal greater risks for the future. 🚨 Bloomberg's research shows that higher Tier 1 process safety event (PSE) rates can predict increased spill amounts the following year. This can lead to higher fines and widened credit spreads. Key insights: 1️⃣ Companies with lower PSE rates reported fewer spills. 2️⃣ Linking executive pay to spill reduction has led to better safety outcomes. 3️⃣ Spills widened credit spreads by an average of 32 bps. 🔍 Read more here: https://bloom.bg/3BuMvnn #OilAndGas #ESG #SustainableFinance

EMISSIONS – MANDATES & MEASUREMENTS AFFECTING ALBERTA'S OIL & GAS SECTOR - XI Technologies. Learn more HERE: https://hubs.la/Q02ZHyfV0 #emissions #mandates #measurements #alberta #oilandgasindustry #oilandgas #energyindustry Adam Mei Allison Maria