Exploration & Production

IOCs make methane reduction a selling point

Producers pledged to cut methane emissions during last week’s Gastech conference in Barcelona Producers pledged to cut methane emissions during last week’s Gastech conference in Barcelona.
By The Wildcat 28 September 2018 0 32713
Tight gas production at Pinedale in the United States. (Shell)

With Brent prices surging to a four-year high of just shy of $82 per barrel, the oil and gas industry looks well set for the next couple of years. Having endured a torrid time since late 2014, higher prices have already seen most of the majors report rising profits. As companies unveil more bullish spending plans and declarations of ‘value over volume’ become less commonplace, the industry has found time to address one of its key challenges: methane leakage.

The recent Gastech conference in Barcelona was...