article thumbnail

OPEC Demands Consistency After Another IEA U-Turn

OilPrice

This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says. OPEC reviewed the messages the IEA has issued since 2017 in an article published on its website.

Field 300
article thumbnail

Voluntary Efforts by Energy Leaders To Reduce Methane Emissions Work

Energy Central

A coalition of oil and gas companies which cumulatively produce more than 40 percent of the world’s oil announced this month that they have reduced their upstream methane emissions by 55 percent and cut greenhouse gas (GHG) emissions from flaring by nearly half since 2017.

article thumbnail

EPA’s New Audit Program for New Owners of Upstream Oil and Natural Gas Facilities

The Energy Law

Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and natural gas exploration and production facilities. EPA has said that this new program for upstream oil and gas facilities “is separate from” and “does not change” those preexisting audit policies.