Time For Investors To Loosen The Reins On Shale Producers
Oil prices may soon hit $100 a barrel as fears of a global supply shortage increase. Weak investment...
Oil prices may soon hit $100 a barrel as fears of a global supply shortage increase. Weak investment in new projects is the main culprit for the higher prices as markets fear that supply won't be able to keep up with growing demand as economies around the world recover from the pandemic.
With oil prices closing in on $100, why aren’t oil companies investing in new production?
The main culprit is ESG – environmental, social and governance – pressure from investors, who anticipate a rapid transition to low-carbon alternatives within the energy sector, a process that will take decades to play out.
Royal Dutch No More: Shell Officially Changes Name
Shell officially changed its name this month, ditching “Royal Dutch,” which...
Shell officially changed its name this month, ditching “Royal Dutch,” which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain.
“Shell announced the board’s decision to change its name to Shell plc on December 20, 2021. This change has now taken effect,” Shell said in a filing.
The London and Amsterdam stock exchanges will reflect the name change on Jan. 25 while the New York Stock Exchange will follow on Jan. 31.
Venture Global's Calcasieu Pass Plant in Louisiana Close to Producing LNG
U.S. LNG company Venture Global's Calcasieu Pass export plant in Louisiana is close...
U.S. LNG company Venture Global's Calcasieu Pass export plant in Louisiana is close to producing its first LNG, energy traders said on Jan. 21 after the amount of feed gas to the facility increased rapidly this week.
The amount of gas flowing to Calcasieu rose to 88 million cubic feet per day (MMcf/d) on Jan. 21, from an average of about 38 MMcf/d during the prior week, according to pipeline data from Refinitiv.
Calcasieu has been pulling in gas since around August, according to Refinitiv data, as the company tests equipment before the facility enters commercial service later in 2022.
Large Permian Basin Methane Leaks Are Causing As Much Climate Pollution as 500,000 Cars
A survey of oil and gas facilities in Texas and New Mexico revealed 30 so-called “super-emitters,”...
A survey of oil and gas facilities in Texas and New Mexico revealed 30 so-called “super-emitters,” which are leaking as much heat-trapping pollution as roughly half a million cars, according to a new report from Carbon Mapper and the Environmental Defense Fund.
The findings are the result of three years of aerial surveys that spotted natural gas leaking from wells, pipelines, compressor stations, and processing facilities across the Permian Basin. Natural gas is comprised largely of methane, which traps around 80 times as much heat as carbon dioxide in the short term. The 30 super-emitters identified in the report account for just .001 percent of the region’s oil and gas infrastructure, and yet they release around 100,000 metric tons of methane each year.
