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Walking the Talk on Methane Emissions?


....is Obfuscation a key skill for some Majors and E&Ps?
Free

Friday, July 23, 2021
Webinar
Online

This webinar looks at how oil and gas companies are measuring methane emissions from their own operations, which is a large part of their overall Greenhous gas emissions.

This is a greenhouse gas emission category which many people think is the most easy to fix, because it saves money, or at least can be done at no net cost.

That was a conclusion to a March Economist article. It said methane, sometimes called carbon dioxide on steroids, is responsible for 23% of the rise in temperatures since pre-industrial times.

It quoted the International Energy Agency estimating that 40% of methane emissions from fossil fuels, equivalent to 9% of all human methane emissions, can be eliminated at no net cost for firms.

So if you think we've been too hot this week, that means we can cut 2 per cent of that (0.09 x 0.23) for no net cost.

Not every oil and gas company has a plan to measure these directly - and many companies are still using engineering estimates.

There's two groups of sensing technologies,

"Bottom up" - which is sensors on the ground or with drones,

And "top down," which is satellites,

They both drive each other, in that the satellite images can show where you want to do ground / drone based sensing,

And the ground / drone based sensing can help calibrate the data from satellites.

But to put it all together, you need to build models, which gets quite similar to building subsurface models,

So we’ll hear more about it in David’s talk.

Agenda

 
13:00 David Bamford - Director
Future Energy Partners Ltd

Watch video of methane emissions webinar


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Talk Description
Over the last 3 months have reviewed the 2020 Annual Reports (and where they exist, Sustainability Reports) of:

BP, ENI, Equinor, Repsol, Shell and Total
and
Diversified Gas & Oil, Energean, Jadestone Energy, Savannah Energy, SEPLAT Petroleum, Serica Energy and Wentworth Resources

to see what they say about GHG Emissions, Executive Remuneration

Overall, I would say of the companies in this list - with the exception of 3 of them - there is a gap - for some it is a gulf - between stated Purpose and short-term Actions.
David Bamford is well known around the oil & gas industry both as an explorer and a geophysicist. He holds a Physics degree from the University of Bristol and a Ph.D in Geological Sciences from the University of Birmingham.

Since 2004, he has been a non-executive director at Tullow Oil plc, being recruited for this position especially for his exploration knowledge. He serves on the Nominations and Remuneration Committees, and was chairman of the latter, and Senior Independent Director, for 3 years prior to his retire from the board at the end of April 2014.

He joined the board of Premier Oil in May 2014.

He retired from BP plc in 2003, his last four positions being Chief Geophysicist (1990-1995), Business Unit Leader (General Manager) for first West Africa and then Norway (1995-1999), and finally Head of Exploration until 2003.

He has served on the boards of Paras Ltd, a small exploration and IS/IT consulting company in which he held 22% equity, until its sale to RPS Energy in 2008 and Welltec a/s, a Danish well engineering company, as the nominee of the private equity investor Riverside.
From 2012 to 201 he was on the board of ASX-quoted Australia Oriental Energy as a non-executive director.

He was a founder of Richmond Energy Partners, a small oil & gas research house, and several media companies that focus on the oil & gas sector, and has served as an advisor to Alliance Bernstein, Opus Executive, the Parkmead Group plc, and Kimmeridge Energy LLP. Since retiring from BP, he has undertaken asset and company valuation projects for investment banks, hedge funds and small oil companies.

Future Energy Partners Ltd
Future Energy Partners (FEP) is a unique oil and gas advisory service which prides itself on technic
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13:30 Q&A followed by Close no later than 14:00

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FEATURED VIDEO

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by Dr Keith Myers from Richmond Energy Partners


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David Craik (Atlaslocal)

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