Don't miss out on the latest business and technology news for chemical engineers, featuring select items in relation to Fuels and Petrochemicals!
Solutions exist for reducing oil and gas emissions
The oil and gas industry can reduce its carbon footprint across the life cycle, often with existing technologies, according to this McKinsey analysis. Electrified equipment, reducing fugitive emissions, and green hydrogen production are just three of the available options.
Analysts anticipate slower productivity gains for US shale
Shale productivity is expected to increase at a slower pace this year as issues such as tight well spacing threaten to hinder growth, analysts say. Productivity has declined in certain shale plays, such as Oklahoma's STACK and Texas' Eagle Ford Shale, while the New Mexico portion of the Permian Basin and North Dakota's Bakken Shale are still recording efficiency gains.
US drilling activity down significantly
US oil and natural gas drillers idled 15 rigs last week, bringing the total count to 781, down from 1,075 a year ago, Baker Hughes reported. Texas shed seven rigs, while Louisiana, New Mexico, North Dakota and Colorado also recorded losses.
Alaska Airlines to support use of sustainable aviation fuels
The announcement by Alaska Airlines that it will now utilize sustainable aviation fuels in support of Washington State’s proposed Clean Fuels Program was commended by BIO and the Sustainable Aviation Fuels Producer Group. "State low carbon fuel policies are a proven driver in decarbonizing transportation. If done right, these policies will incentivize biofuel producers to develop new low carbon fuels using sustainable sources like agricultural residues, industrial waste and even algae," said Stephanie Batchelor, vice president of BIO's Industrial and Environmental Section.