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Why Are Oil And Gas Production Rising When Rig Counts Are Falling?

R-Squared Energy

oil and natural gas production are both poised to set new annual production records, after monthly production has risen steadily all year. Keep in mind that the rig count is a measure of rigs that are currently drilling for oil and gas. The biggest example of that can be seen in the natural gas rig count.

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Confidence is evaporating: How fossil fuel share offerings plummet $123bn since 2012

Business Green

Fossil fuel issuance fell by 85 per cent from $70bn to just $10bn between 2012 and 2020, the Carbon Tracker report said, while renewables raised a record $11bn from public equity offerings in 2020 alone.

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Three-Quarters of New US Generating Capacity in 2020 Will Be Renewable, EIA Says

GreenTechMedia

gigawatts of natural gas-fired plants to come online this year. gigawatts of wind power capacity to come online in 2020 surpasses 2012’s record of 13.2 Older natural gas-fired power plants in California will account for most of the 3.7 gigawatts, and pushes total U.S. gigawatts of capacity.

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Southern Company Commits to Net-Zero Carbon by 2050, but Seeks New Gas Plants for Now

GreenTechMedia

utilities in setting a net-zero carbon target for 2050, aiming to balance the emissions from its sizable fossil fuel-fired generation fleet and sprawling natural gas business with reductions to be gained by expanding its portfolio of renewable energy and energy efficiency. Southern Company has joined other major U.S.

Carbon 130
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Highlights From The BP Statistical Review Of World Energy 2021

R-Squared Energy

Small declines were also reported in coal, natural gas, and nuclear consumption, while renewables and hydropower recorded gains. The remainder of global energy consumption came from coal (27.2%), natural gas (24.7%), hydropower (6.9%), renewables (5.7%), and nuclear power (4.3%). Natural Gas. This was 9.3%

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The Problem With Calling Fracked Gas ‘Responsibly Sourced’

DeSmogBlog

The fracked natural gas industry has never been the most responsible or efficient consumer of resources. Drillers are using ever-increasing amounts of water and sand in order to produce the same volume of gas, with a corresponding rise in the levels of solid and liquid waste created. But what does RSG really mean? What Is RSG?

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Sempra LNG Lobbyists Ghost Wrote Louisiana Officials’ Letters Supporting Gas Storage Project

DeSmogBlog

In an effort to gain federal approval for a natural gas storage project in south Louisiana, Sempra LNG lobbyists crafted letters for Louisiana elected officials to send to federal regulators in support of the project. billion cubic feet of natural gas. billion cubic feet of natural gas.