Category: Future of Oil and Gas

Letter from the US: Chesapeake-Southwestern merger is big deal for US LNG 2/6/2024

Letter from the US: Chesapeake-Southwestern merger is big deal for US LNG

Payne Institute Director Morgan Bazilian, Policy and Outreach Advisor for Responsible Gas Simon Lomax and, Program Manager of the Sustainable Finance Lab Brad Handler comment on the Chesapeake-Southwestern merger’s potential to foster more differentiated gas use in LNG exports.  The merger comes amid a wave of multibillion dollar oil industry tie-ups, including ExxonMobil buying Texas-headquartered Pioneer Natural Resources and Chevron buying New York-headquartered Hess. February 6, 2024.

LNG Exports Shouldn’t Be the Next Keystone Campaign 1/26/2024

LNG Exports Shouldn’t Be the Next Keystone Campaign

Payne Institute Fellow Liam Denning writes this article on the greenest White House the US has ever seen also happens to preside over a record-breaking domestic oil and gas boom. While that complicates Republican talking points, it also stokes a conflict within President Joe Biden’s own party that has now found its battleground: Liquefied natural gas. January 26,2024.

Building Trust through an Equitable and Inclusive Energy Transition 1/17/2024

Building Trust through an Equitable and Inclusive Energy Transition

Payne Institute Director Morgan Bazilian contributed to this report by the World Economic Forum that provides a framework and 10 critical questions, aiming to build trust, encourage collaboration and guide policy-makers and business leaders in the energy sector towards advancing a just, equitable and inclusive energy transition.  January 17, 2024.

Fast-growing ‘carbon-neutral’ energy company ramps up oil and gas production 1/16/2024

Fast-growing ‘carbon-neutral’ energy company ramps up oil and gas production

Payne Institute Finance Lab Program Manager Brad Handler contributed to this article about the Canadian wildfires this past summer, killing at least 17 people and burning more than 45.7 million acres — blazes that were made 50% more intense by climate change fueled by the burning of fossil fuels — some Canadians took out their anger on their country’s pension plan. They demanded that the Canadian Pension Plan Investment Board stop investing their retirement savings in a Colorado oil and gas company that’s ramped up its extraction activity in recent years, drilling near homes, schools and parks.  January 16, 2024.  

Saudi Arabia wants to be the Saudi Arabia of minerals 1/11/2024

Saudi Arabia wants to be the Saudi Arabia of minerals

Vice President for Global Initiatives John Bradford contributed to this article about how Saudi Arabia is eyeing to fuel its post-oil future with mineral resources.  On January 10th the government revised its estimate of the value of its buried mineral wealth from $1.3trn to $2.5trn. This includes deposits of gold, copper and zinc.  January 11, 2024.

The US shale magnate trying to sell oil and gas jobs to Generation Z 1/8/2024

The US shale magnate trying to sell oil and gas jobs to Generation Z

Payne Institute Faculty Fellow Jennifer Miskimins contributed to this article about how US shale magnate Harold Hamm is leading attempts to lure an increasingly skeptical younger generation to the oil and gas industry as climate concerns and job insecurity dent the attractiveness of the industry for graduates and skilled tradespeople. January 8, 2024.

 

Nations strike historic deal to transition off fossil fuels 12/13/2023

Nations strike historic deal to transition off fossil fuels

Payne Institute Director Morgan Bazilian contributed to this article about how nearly 200 countries agreed to “transitioning away” from fossil fuels in energy systems in an agreement reached at the global climate summit.  The use of the “transitioning away” language comes after a contentious debate about whether or not the agreement should “phase out” fossil fuels or simply reduce their use.  December 13, 2023.

COP28: 5 big takeaways on a historic climate agreement 12/13/2023

COP28: 5 big takeaways on a historic climate agreement

Payne Institute Director Morgan Bazilian contributed to this article about how this year’s United Nations Climate Conference (COP28) has ended with a historic new agreement: For the first time, world governments have said countries should transition away from fossil fuels.  Climate advocates have praised it as a step forward, but also raised concerns about potential loopholes in its language and criticized it for not going further as the climate crisis deepens — and fossil fuel production continues to increase. December 13, 2023.

What does the groundbreaking COP28 agreement mean for the US? 12/13/2023

What does the groundbreaking COP28 agreement mean for the US?

Payne Institute Director Morgan Bazilian contributed to this article about how the unprecedented agreement reached at the COP28 climate summit in Dubai this week is unlikely to prompt a dramatic upheaval in the U.S. energy landscape, but it could bolster efforts to shift the country toward energy sources that are less harmful to the planet. The text, released Wednesday, calls for a “transition away” from planet-warming fossil fuels, marking the first time such language has appeared in a COP agreement. It further calls for tripling renewable energy development and doubling energy efficiency.  December 13, 2023.

OGCI accelerates action to tackle global oil and gas methane emissions 12/5/2023

OGCI accelerates action to tackle global oil and gas methane emissions

The Oil and Gas Climate Initiative (OGCI) announced at COP28 that it has stepped up activities on methane detection and flaring to help more companies reduce methane emissions from their oil and gas operations.  OGCI expanded its flagship Satellite Monitoring Campaign (SMC) to include more countries and assets. This was complemented by work with the World Bank’s Global Flaring and Methane Reduction Partnership (GFMR) and US-based Payne Institute for Public Policy to launch a more accessible platform on global gas flaring data.  December 5, 2023.