Energy companies vow to reduce methane emissions
Tuesday, December 12, 2017
Eight Energy companies have committed to reducing methane emissions from the natural gas assets they operate around the world, including in the Utica and Marcellus shale plays, according to Penn Energy.
BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall made the commitment as part of wider efforts by the global energy industry to make sure natural gas plays a critical role in meeting future energy demands by addressing climate change now. In addition to reducing their own methane emissions, the eight agreed to encourage others involved in there natural gas industry to do the same.
The companies signed a Guiding Principles document, which focuses on: continually reducing methane emissions; advancing strong performance across gas value chains; improving the accuracy of methane emissions data; advocating sound policies and regulations on methane emissions; and increasing transparency.
Learn more: PennEnergy > Eight energy companies commit to reduce methane emissions within natural gas industry
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.