Press Releases

02 Jan 2017
2017 - Why Mexico’s Oil Reform Is A Huge Opportunity For Investors by James Stafford

When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities are staggering.

Welcome to the ‘new’ Mexico, and welcome to the early stages of an oil and gas game that will be bigger—from an investor’s perspective—than anything in history.

Mexico’s move to implement historic energy reform legislation in December 2013, and follow-up legislation in 2014 that further solidified the comprehensive de-nationali...


02 Jan 2017
2017 - Mexican Oil Auction Offers First Major Test of Foreign Firms’ Interest by Juan Montes and Robbie Whelan

BP, Chevron, Exxon, Petrobas expected to bid on Gulf of Mexico deep water oil fields

MEXICO CITY—Mexico is preparing to auction rights to its oil-rich deep waters in the Gulf of Mexico, considered the crown jewel of the country’s energy industry, which opened to foreign investment only three years ago.

The auction on Monday is seen as the first major test of Mexico’s ability to work with the world’s top players.
 
At a time when low oil prices are limiting production elsewhere, the deep-water ...


02 Jan 2017
2017 - Drowning in LPG by Rudolf Huber

Anyone checking regularly on the oil price must blush from time to time. One of the consequences of the lower oil price is that the world is currently drowning in other oil-related products as well and there is worse to come as some of those effects spill over onto the non-oil patch.

Fast focus on LPG. It’s a mix of essentially two different hydrocarbons …. What do I say; you are all pros of the business so I skip the blather.

One of the most exciting developments is concentrated on North America. Yes, we al...


24 Aug 2016
2016 - Gulf Coast booming with propane, butane and now LNG exports

The Houston Ship Channel and the Gulf Coast region are increasingly exporting almost every type of product derived from shale natural gas and oil, energy executives said Wednesday.

Speaking at the two-day Gulf Coast Industry Forum — previously called the Petrochemical Maritime Outlook Conference — in Pasadena, top executives highlighted how the Port of Houston is the only major port in the U.S. to export more than it imports.

The region is shipping out crude oil, liquefie...


17 Aug 2016
2016 - Reducing gas flares, pollution from oil production

Last year, dozens of major oil companies and oil-producing nations agreed to end the routine flaring of natural gas from wells by 2030. This burning off of uncaptured methane in addition to simply letting it escape into the air -- a process called venting -- releases pollutants and the greenhouse gases carbon dioxide and methane into the atmosphere. Now in ACS' journal Energy & Fuels, researchers report a strategy that could help producers work toward this goal.


09 Aug 2016
2016 - Government Drafts Gas Flare Reduction Roadmap

The Ministry of Energy and Mineral Resources is in the process of drafting a gas flare reduction roadmap. Currently, at least 200 mmscfd (million standard cubic feet per day) of natural gas is wasted on gas flaring.

Gas flaring is combusted gas resulting from oil and gas exploration and production or processing activities. Combusted gas cannot be re-absorbed or re-processed by existing production or processing facilities.

The ministry’s Oil and Gas Technical and Environmenta...


11 Mar 2016
2016 - U.S. Targets Oil, Gas Wells to Cut Methane Emissions

WASHINGTON—The Obama administration on Thursday announced its first step toward regulating methane emissions from hundreds of thousands of oil and natural-gas wells across the U.S., drawing pushback from an industry battered by cheap oil and cheers from environmentalists.

The administration made the announcement in coordination with Canada, which is taking similar actions. Canada's new prime minister, Justin Trudeau, is visiting the White House for the first time since taking office in November.

The U.S. a...


14 Jan 2016
2016 - American industry wastes insane amounts of gas by burning it off. It doesn’t have to.

What if we just stopped wasting, pissing away, burning, and flushing precious resources? Wouldn’t that contribute significantly to sustainability? The early returns from California’s belated response to its water crisis show that great leaps in conservation are possible with comparatively little upfront investment—and without killing the economy or immiserating residents unduly. In July, city-dwelling Californians


14 Jan 2016
2016 - 'Flaring' wastes 3.5% of world's natural gas

Satellite measurements track burned gas by country as policymakers seek to reduce emissions.

 

Around 3.5% of the world’s natural-gas supply was wastefully burned, or ‘flared’, at oil and gas fields in 2012, according to the latest estimates from satellite data


14 Jan 2016
2016 - The Oil Industry Can't Stop Torching Methane and Wrecking Our Climate

The LA gas leak may be a climate disaster, but a similar problem is playing out all over the world. Now, thanks to infrared technology, we’re starting to see just how much methane the oil and gas industry is hemorrhaging—mostly, out of laziness.

It took two months for one of the largest methane leaks i...


11 Dec 2015
2015 - Bid to End Routine Gas Flaring Gets Huge Boost at COP21

Total of 45 governments, companies and organizations now signed up to “Zero Routine Flaring by 2030” Initiative

Burning (flaring) natural gas at oil fields wastes valuable resources and pollutes the environment. For Faith Nwadishi and her community in Nigeria, gas flaring also negatively impacts their fundamental way of life. She tells us why this oil and gas industry practice must end as soon as possible. #EndRoutineFlaing

Paris, December 7, 2015 — A global initiative to end routine g...


11 Dec 2015
2015 - The Bakken Sees an Increase in Natural Gas Production

As you're well aware by now, North Dakota's oil production has grown at an incredible rate since 2008, and expected to pump more than 1.1 million barrels per day this month.

The problem is that there's one side-effect that's come with this tremendous production growth — an exorbitant amount of gas flaring.

Flaring stats


11 Dec 2015
2015 - North Dakota natural gas flaring targets challenged by rapid production growth

Increases in North Dakota's crude oil production have resulted in increased associated natural gas production from oil reservoirs, especially in the Bakken region. Because of insufficient infrastructure to collect, gather, and transport this natural gas, about one-fifth of North Dakota's natural gas production is flared rather than ma...


22 Sep 2015
2015 - EPA unveils tougher emissions rules for shale sites

On one thing, the federal government, industry and environmental activists agree: Technologies already in use are driving down methane emissions from oil and gas operations.

That’s why the Environmental Protection Agency wants new regulations to broaden their use. It’s also why industry groups feel such regulations are “unnecessary,” and why environmental groups say proposed new rules don’t go far enough.

The EPA unveiled a package of rules Tuesday aimed at curbing methane and volatile organic compound...


22 Sep 2015
2015 - Obama Climate Change Plan: EPA To Propose First Methane Emissions Cuts For US Oil And Gas Operations

The Obama administration on Tuesday is expected to propose the first federal regulations for cutting methane pollution from the U.S. oil and gas industries. The rules are a key part of President Barack Obama’s plan for tackling climate change across the nation’s energy sectors.

The U.S. Environmental Protection Agency’s proposal will call for cutting methane emissions from oil and gas wells and pipeline and processing infrastructure. Those cuts will help reach a broader goal of slashing industry methane emissions by...


22 Sep 2015
2015 - Will New U.S. Restrictions on Methane Be Enough?

The oil and gas sector will have to clamp down on the greenhouse gas at new facilities.

The U.S. will rein in methane from its biggest human source—the oil and gas industry—but the new rules won't touch a wide swath of places already leaking the invisible, heat-trapping gas.

Strengthened Environmental Protection Agency standards aimed at new energy facilities, proposed Tuesday, will cut somewhere between 20 to 30 percent of the sector's methane emissions from 2012 levels over the next d...


18 Aug 2015
2015 - South L.A. residents resist oil firm's plans to burn gas at drilling site

In South Los Angeles, residents are battling an oil company that has been a longtime neighbor, resisting its plans to burn off excess gas at its West Adams Boulevard drilling site..

Freeport-McMoRan, which operates the site, says an enclosed burner is needed as a backup method to dispose of unused gas that is pulled from the earth along with the oil. It has told neighbors and the city that the equipment will make little noise, take up little space and produce "near zero emissions."

But community residents are ch...


18 Aug 2015
2015 - New EPA Rules Will Aim To Cut Methane Emissions By 40 Percent

The regulations on methane are one part of the Obama administration's strategy to curb greenhouse gases and combat climate change.

WASHINGTON (Reuters) - The U.S. Environmental Protection Agency will propose regulations on Tuesday aimed at cutting methane emissions from the oil and gas sector by 40 to 45 percent over the next decade from 2012 levels, a source familiar with the issue said on Monday.

The regulations on methane are one part of the Obama administration's strategy to curb greenhouse gases a...


17 Aug 2015
2015 - Arcola residents cope with life next to noisy gas flares

ARCOLA — On Friday afternoon, Penny Adams got a call at work.

It was Alliance Pipeline, letting her know it was going to flare off hydrogen sulphide (H2S) at two stacks down the road from her Arcola-area home, after the poisonous gas got into its pipeline.

As the neighbour closest to the site, she might find the noise bothersome, Alliance told her. Would she like to stay at a hotel?

On Monday, Adams casts her hand toward her horses and llamas, and the dogs she fosters for Bright Eyes dog rescue. <...


22 Jul 2015
2015 - EPA Issues Revised Emission Factors for Flares and Other Refinery Process Units

On April 20, 2015, EPA issued new and revised emission factors for flares and certain other refinery process units. The final action addressed: (1) VOC and CO emission factors for flares; (2) emission factors for NOX, total hydrocarbons (THC) and CO for sulfur recovery units; (3) a THC emission factor for catalytic reforming units; (4) a NOX emission factor for hydrogen plants; and (5) a hydrogen cyanide emission factor for fluid catalytic cracking units. Although EPA had proposed a revised NOX emission factor for flares, the agenc...


22 Jul 2015
2015 - North Dakota Industrial Commission grants oil company temporary relief from gas flaring rules

The North Dakota Industrial Commission approved Wednesday an exception from its flaring goals, but directed state regulators to draft a policy to address such scenarios in the future.

The three commissioners voted unanimously to grant an exception to Hess Corp. for failing to meet the gas capture goals when unexpected delays occurred during an expansion project.


22 Jul 2015
2015 - Global flare gas recovery systems market to grow at a CAGR of 13.8% between 2014 and 2020

Global flare gas recovery system (FGRS) market is driven by factors such as government regulations, environmental pollution concerns and secure energy supply. However, factors such as low degree of awareness among the end user industries, high capital cost, and elongated design and time spends for installation are expected to hamper the market growth during the forecast period.

Future Market Insights (FMI) has released a new report titled, “Global Flare Gas Recovery System Market Analysis and Opportunity Assessment, 201...