FUTURE OF OIL & GAS

Designing a future interdisciplinary and shared research agenda to understand the role of oil and gas in the energy transition

Designing a future interdisciplinary and shared research agenda to understand the role of oil and gas in the energy transition

As the world confronts an energy transition, the global energy system is being re-imagined and the role of oil and natural gas in that transition is not entirely clear. Governments are pursuing increasingly ambitious initiatives to reduce greenhouse gas emissions and diversify their energy systems. At the same time, the world is facing significant energy demand growth from emerging and developing economies. The dual pressures of reducing their carbon footprint, while also providing the necessary resources to fuel energy growth creates another layer of complexity for the oil and gas industry.

Mines and the world

The Payne Institute extends to public policy Mines’ conviction that energy and the environment must– and can – fruitfully coexist. We are in an enviable position to tap into a deep well of on-campus and alumni leaders in industry and environmental groups around the world. We foster collaboration with a focus on problem-solving rather than furthering entrenched agendas.

COLORADO

Colorado has been at the forefront of establishing regulations for the oil and gas industry and working in a coherent inclusive manner between the industry and other stakeholders. That form of broad engagement based on science should continue. It will serve to both evolve the discussion in the state and at the local level, but also serve as a lodestar for the national and global discussion.

NEWS

Colorado’s leadership on methane emissions survives another challenge

Colorado’s leadership on methane emissions survives another challenge

Payne Institute Director Morgan Bazilian, Deputy Director Greg Clough, and Policy and Outreach Advisor Simon Lomax write this opinion piece about how Colorado is both a national and global leader on many areas of energy and climate policy, and especially when it comes to the regulation of emissions from oil and natural gas production. A decade ago, Colorado became the first state to directly regulate methane emissions from oil and natural gas facilities.  The lessons learned have influenced not only the US EPA, but other efforts globally.  May 16, 2024.

US Lawmakers Left the LNG Pause in Place, So What Next? 5/15/2024

US Lawmakers Left the LNG Pause in Place, So What Next?

Payne Institute Director Morgan Bazilian, Policy and Outreach Advisor, Responsible Gas Simon Lomax, and Deputy Director Greg Clough write about how US lawmakers did not force President Joe Biden to lift his pause on LNG export approvals in exchange for the recent approval of a $95 billion security aid package for Ukraine, Israel and Taiwan. This likely means the US Department of Energy (DOE) can complete a review of the economic and climate impacts of LNG exports, which was the stated purpose of the pause.  May 15, 2024.

Methane emissions from gas flaring being hidden from satellite monitors 5/2/2024

Methane emissions from gas flaring being hidden from satellite monitors

The Payne Institute Earth Observation Group utilizes the Visible Infrared Imaging Radiometer Suite (VIIRS) that continues to be the the standard product that scientists use globally to monitor gas flaring. It’s the best, most consistent product they currently have to assess flares by fossil fuel companies.  The World Bank, alongside the EU and other regulators, has been using satellites for years to find and document gas flares, asking energy companies to find ways of capturing the gas instead of burning or venting it.  May 2, 2024.

Greenhouse Gases Life Cycle Assessment for Natural Gas and Liquefied Natural Gas 4/23/2024

Greenhouse Gases Life Cycle Assessment for Natural Gas and Liquefied Natural Gas

Payne Institute Director Morgan Bazilian contributed to this report from the National Petroleum Institute on titled Reducing GHG Emissions from the U.S. Natural Gas Supply Chain.  His contributions were made to Chapter 4 – Greenhouse Gases Life Cycle Assessment for Natural Gas and Liquefied Natural Gas.  The chapter introduces the fundamental concepts of LCA, discusses modeling GHG emissions from U.S. natural gas and LNG supply chains, quantifies life cycle GHG emissions, and explores application of LCAs in public and corporate policies.   April 23, 2024.

Jennifer Miskimins nominated as 2026 president of Society of Petroleum Engineers 4/17/2024

Jennifer Miskimins nominated as 2026 president of Society of Petroleum Engineers

Payne Institute Faculty Fellow Jennifer Miskimins, professor and head of the Petroleum Engineering Department at Colorado School of Mines, has been nominated to serve as the 2026 president of the Society of Petroleum Engineers (SPE), the premier global organization for oil and gas professionals.  Dr. Miskimins is a Mines alum, Miskimins has 30 years of industry experience and has led Petroleum Engineering Department since 2020.  April 17, 2024.  

Hydrogen Tax Credit Rules Must Sync With Biden’s Climate Agenda 4/10/2024

Hydrogen Tax Credit Rules Must Sync With Biden’s Climate Agenda

Payne Institute Director Morgan Bazilian, Deputy Director Greg Clough, and Responsible Gas Program Advisor Simon Lomax write about how President Joe Biden’s climate change agenda is more aggressive than anything previously in US energy and environmental policy.  But involving many federal departments and agencies in administering these initiatives introduces risks that must be managed, such as the danger of disorganization and conflicting policies from different parts of the US government that will make reducing carbon emissions slower and more expensive.  April 10, 2024.

Making Sense of the U.S. LNG Pause: Five Key Data Points 4/9/2024

Making Sense of the U.S. LNG Pause: Five Key Data Points

Payne Institute Director Morgan Bazilian, Deputy Director Greg Clough, and Responsible Gas Program Advisor Simon Lomax write about how the Biden administration’s pause on liquefied natural gas (LNG) export approvals will be over in a matter of months.  They provide five data points offer some critical clues.  April 9, 2024.

Colorado School of Mines, Chevron announce partnership for Global Energy Future Initiative 4/8/2024

Colorado School of Mines, Chevron announce partnership for Global Energy Future Initiative

Mines Global Energy Future Initiative Vice President John Bradford contributes to an article about a new partnership between the Colorado School of Mines and Chevron to support the Mines Global Energy Future Initiative.  Through this partnership, Chevron will sponsor research projects and participate in steering committees and working groups, adding industry expertise to solve complex problems related to the energy transition. April 8, 2024.

Greening the black gold? How private carbon finance can tackle oil & gas 4/5/2024

Greening the black gold? How private carbon finance can tackle oil & gas

Payne Institute Sustainable Finance Lab Program Manager Brad Handler writes about how a set of entrepreneurs in the U.S. are considering how carbon finance and the Voluntary Carbon Markets (VCM) can be harnessed in new ways to lower greenhouse gas (GHG) emissions. Their target: oil and natural gas wells. These entrepreneurs are looking across the “lifecycle” of a well or a whole oilfield and, in the process, targeting different GHGs. April 5, 2024.

Panel of lawmakers considers whether carbon capture holds future in Colorado 4/1/2024

Panel of lawmakers considers whether carbon capture holds future in Colorado

Payne Institute CCUS Program Manager Anna Littlefield contributed to this article about how as Colorado aims to achieve 100% net-zero greenhouse-gas emissions by 2050, leaders of key state agencies argue that they can’t meet that goal without employing carbon-capture-and-sequestration techniques in hard-to-decarbonize sectors.  Ensuring the state has tools to allow and regulate such operations as fossil-fuel usage continues for the foreseeable future is a “strategic step to expediting the process.”  April 1, 2024.

For more information about the Future of Oil & Gas Research Area at the Payne Institute for Public Policy, please contact our Deputy Director, Gregory Clough, at gclough@mines.edu.