Category: Future of Oil and Gas

EU official unveils proposals to address energy crisis amid Ukraine war 9/14/2022

EU official unveils proposals to address energy crisis amid Ukraine war

Payne Institute Director Morgan Bazilian contributes to this article about how the European Commission proposed emergency measures on Wednesday aimed at quelling a burgeoning energy crisis that is rattling the continent amid Russia’s ongoing war in Ukraine. The plans — which individual EU member states must still approve — would serve to tackle soaring prices exacerbated by “a severe mismatch between energy demand and supply,” the commission said, attributing the circumstances to “the continued weaponization by Russia of its energy resources.” September 14, 2022.

Monitoring of Portovaya Gas Flares 9/12/2022

Monitoring of Portovaya Gas Flares

Payne Institute Earth Observation Group Christopher Elvidge, Mikhail Zhizhin, Communications Associate Kelly Tabor, and Director Morgan Bazilian write about how using a proprietary Visible Infrared Imaging Radiometer Suite (VIIRS) Nightfire clustering algorithm, Payne Institute scientists are monitoring two flares from Liquified Natural Gas (LNG) production facilities owned by Gazprom near Portovaya, Russia.  September 12, 2022.

How Ukrainians Purchased Military Equipment 9/9/2022

How Ukrainians Purchased Military Equipment

Payne Institute Faculty Fellow Kathleen Hancock is featured on this podcast about how Ukraine and the IAEA say they’ve learned of a serious development at the Zaporizhzhia nuclear power plant. The challenges facing the European Union as ministers meet to discuss what to do about soaring energy prices, as Russia threats to cut off natural gas supplies to Europe.  September 9, 2022.

Mines celebrates 100 years of Petroleum Engineering with new Hall of Fame 9/6/2022

Mines celebrates 100 years of Petroleum Engineering with new Hall of Fame

The Petroleum Engineering Department at Colorado School of Mines will mark its 100th Anniversary in 2022 by founding the PE Hall of Fame, which recognizes alumni, faculty and supporters for their contributions to the oil and gas industry and to the department.  Mines’ Petroleum Engineering Department is one of the oldest and highest-ranked programs in the United States. Nearly 5,000 students have come from around the world to earn hands-on, interdisciplinary applied science undergraduate and graduate degrees.  September 6, 2022.

Shifts in the Energy Workforce 9/6/2022

Shifts in the Energy Workforce

Payne Institute Critical Minerals Research Associate Caitlin McKennie, Director Morgan Bazilian, and Sustainable Finance Lab Program Manager Brad Handler write about how the recent passage of the Inflation Reduction Act heralds an unprecedented era of climate investment for the U.S. Such investment brings with it the promise of new jobs across the clean energy landscape. For rural communities that have historically depended on fossil fuel development or use, however, included several in Colorado, the outlook is at least more complicated.   September 6, 2022.

High energy prices could threaten European utilities’ ability to keep doing business 9/6/2022

High energy prices could threaten European utilities’ ability to keep doing business

Payne Institute Director Morgan Bazilian contributes to this podcast about how over the past few days, Europe’s energy crisis has started to look like it might turn into a financial crisis as well.  The turbulence in the natural gas market is threatening the ability of some European utilities to buy the gas they need.  September 6, 2022.

Mines department head wins Society of Petroleum Engineers international award 8/25/2022

Mines department head wins Society of Petroleum Engineers international award

Payne Institute Faculty Fellow Jennifer Miskimins is awarded 2022 Distinguished Achievement Award for Petroleum Engineering Faculty by the Society of Petroleum Engineers (SPE).  The honor recognizes superiority in classroom teaching, excellence in research, significant contributions to the petroleum engineering profession and special effectiveness in advising and guiding students.  August 25, 2022.

More Than Just a ‘School of Mines,’ CSM Is a Major Player in Climate Research 8/25/2022

More Than Just a ‘School of Mines,’ CSM Is a Major Player in Climate Research

Payne Institute Director Morgan Bazilian contributed to this article about how the Colorado School of Mines, with its historic connection to fossil fuel and mineral extraction, would seem an unlikely place for a high-level pursuit of the transition from a world powered by fossil fuels to a world of clean energy.  However, Mines recognizes that saving our planet depends on transitioning from oil and gas to other forms of energy that reduce or eliminate greenhouse gas emissions.  August 25, 2022.

The Inflation Reduction Act’s modest impact on oil and gas 8/22/2022

The Inflation Reduction Act’s modest impact on oil and gas

Payne Institute Research Associate Brad Handler and Director Morgan Bazilian write about the Inflation Reduction Act (IRA), and how it can be easy to miss that the new law includes several items related to the future of the oil and gas industry. The goal is both to foster more U.S. oil and natural gas development while pursuing lower methane emissions and sharing more revenue with taxpayers.  August 22, 2022.