The Biden administration has created a new cabinet-level Methane Task Force to accelerate emissions reductions from the oil and gas industry.
The announcement was part of the first-ever White House Methane Summit held last week. Methane, the primary component of natural gas, is a potent greenhouse gas with 80 times the near-term warming potential of carbon dioxide.
The task force is targeting abandoned or “orphaned” oil and gas wells, along with the United States’ roughly 3 million-mile natural gas pipeline network, in order to reduce leakage of methane into the atmosphere.
Shapps: It’s Irresponsible Not to Grant Oil and Gas Licenses
It would be "irresponsible" not to grant new oil and gas licences in the North Sea, Grant Shapps has said.
The Energy Security Secretary pointed out that expanding the licences aligns with the Intergovernmental Panel on Climate Change's goals of limiting global warming to 1.5 degrees Celsius.
Shapps stressed that securing these licenses is both compatible with the nation's energy needs and a crucial step towards meeting climate objectives, making it a sensible and rational decision.
“Wheeling and dealing out in the Permian! K-OS Production Services (pronounced CHAOS) has your best interest in CHEMICALS & Production greasing!” President/CEO Franki Osburn said. “If I’m investing in my own product, boots on the ground, capable of helping YOU SUCCEED— then you should know our partnership is just as important!”
For more information, call Franki Osburn at 903-253-8277 or email FrankiOsburn(at)gmail.com
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Rishi Sunak is right to hedge his bets on oil and gas
It is quite right that the Prime Minister has chosen to approve new licences for oil and gas extraction in the North Sea, in spite of the bitter reaction from climate activists, the Labour party – and some of his own MPs.
Chris Skidmore, who just recently completed a review of net zero policies on behalf of the government, said this week that the decision to award new licences ‘is on the wrong side of the future economy that will be founded on renewable and clean industries and not fossil fuels’.
Yet the Prime Minister is not retrenching on investment in renewable energy; he is hedging the government’s bets. While wind and solar already play a large role in electricity generation in Britain, their contribution to the United Kingdom’s total energy needs remains in single figures. It is certain that fossil fuels will remain a large part of the nation’s energy mix in the short to medium term, and far from certain that they will not continue...
BP Invested 11 Times More Money into Oil and Gas than Renewables
BP invested 11 times more money on oil and gas than it did on low-carbon energy in the last quarter, an analysis has found.
The oil giant put £1.7bn into oil and gas, compared to just £148m invested in hydrogen and “renewables [and] power” in the three months to June. It made around £2bn in that time period.
The investment in low-carbon may include research and development, infrastructure or buying existing plants.
A Sharp Drop in Oil and Gas Earnings could Reshape the Energy Industry
Western oil majors reported drops in second-quarter earnings of about 50% compared to the same period last year, when Russia’s invasion of Ukraine sent oil and gas prices soaring and pushed profits to record levels. Even with profits remaining high by historical standards, the sharp drop could reshape the companies’ renewable energy production plans.
We’ve collected reporting and analysis on what the drop in earnings means for the oil and gas industry.
On September 18, 2023 The Crude Life will host it’s Fourth Annual Podcast Party at the Energy Exposition being held in Jackson Hole, Wyoming. This year, three energy producing state governors will be joining us.
The Energy Exposition has educated tens of thousands of people in Gillette, Wyoming; Billings, Montana, and Loveland, Colorado, over the last 20 years on procedures, technology, safety, environmental practices, and equipment used in the oil and gas industry.
Exhibitors and Symposiasts represent a wide range of services, including but not limited to, exploration, production, downstream, and all phases of support to the oil and gas industry.
Energy Producing states Alaska Governor Mike Dunleavy, Oklahoma Governor Kevin Stitt and Wyoming Governor Mark Gordon will be attending this year’s expo and kick-off party.
To reserve Exhibit Space contact
Austin Jennings
239-898-3923
austin@energyexposition.com
For discounts and a special gift, use promo code OTIS
The Earth’s Champion Johnny Green is Cleanin’ and Johnny Greenin’ across America engaging with All Walks of Life. (Above is a video from the Johnny Green archives)
The Greatest Environmentalist on Earth is spreading the word that “Renewables Ain’t Doable Without Fossil Fuelables”.
If you would like The Earth’s Champion Johnny Green and the 15-pounds of Eco-Authority to come to your event, school or town, contact The Crude Life for more info.
“All Energy Has A Purpose, And We Are All Energy,” Johnny Green reminds people of all ages.
Click here to read The Oilman Magazine’s feature on The Earth’s Champion Johnny Green
Click here to read Natural Gas Now’s feature on The Earth’s Champion Johnny Green
The Crude Life Daily Radio News & Lifestyle Update
Curtis Shuck, chairman of the board, Well Done Foundation, explains how an abandoned well was found next to a nursing home.
The Crude Life Daily Update has been running as a 3-minute news and lifestyle short on radio stations since 2011. In 2015 online podcast portals and news outlets were added to the list of distributors.
Expert interviews, news updates and multimedia crossovers available upon request.
If you have a news release, energy innovation, story idea, community lifestyle feature, guest, music band or show topic requests, email studio(at)thecrudelife(dot)com
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About The Crude Life
Award winning interviewer and broadcast journalist Jason Spiess and a team of Content Correspondents engage with the industry’s best thinkers, writers, politicians, business leaders, scientists, entertainers, community leaders, cafe owners and other newsmakers in one-on-one interviews and round table discussions.
The Crude Life has been broadcasting on radio stations since 2011 and posts all updates and interviews on The Crude Life Social Media Network.
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Methane Task Force, New UK Oil Permits, Ethical Energy and BP Investing Huge In Oil and Gas