Iraq is fourth on the list of countries emitting the most methane gas
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Economy News - follow up
[rtl]Iraq ranked high on the list of countries emitting the most methane from oil and gas, according to an analytical report.[/rtl]
[rtl]According to the report, Iraq ranked fourth in the world, after Iran, while Russia topped the list, while the United States of America ranked second, and third place went to Iran.[/rtl]
[rtl]Talk about reducing methane emissions from oil and gas fields globally has increased intensely in recent years, especially with its low costs compared to other sectors that are more expensive to remove emissions.[/rtl]
[rtl]A recent analytical report estimated the amount of methane emissions that could be avoided from the largest oil and gas fields around the world at tens of millions of tons in one year, if producers decided to focus their efforts on that.[/rtl]
[rtl]The report was based on an analysis of field data collected by satellite on methane emissions from the 100 largest oil and gas fields in the world.[/rtl]
[rtl]The fields of the Middle East and America are the most emitting[/rtl]
[rtl]The data, analyzed by energy research firm Rystad Energy, revealed more than 100 major oil and gas fields emitting methane in the Middle East, Africa and Asia.[/rtl]
[rtl]These major fields contributed less than 1% of global oil and gas production, but they released large amounts of methane emissions, reaching 100 million tons of carbon dioxide equivalent in 2022.[/rtl]
[rtl]Rystad Energy's assessment indicates that more than half of global oil and gas methane emissions come from large venting and leakage events, while a smaller portion is attributable to flaring sources, emissions from equipment and smaller venting events.[/rtl]
[rtl]The Middle East and North America region represents nearly half of global methane emissions from oil and gas exploration and production activities, followed by Asia, Russia and Africa.[/rtl]
[rtl]By contrast, upstream methane emissions in South America and Europe appear relatively moderate, compared to the world's major oil and gas producing regions.[/rtl]
[rtl]Some countries, such as many North African countries, are dominated by large venting events, while others are dominated by smaller, scattered emission sources.[/rtl]
[rtl]The United States is an example of widely dispersed emissions with smaller volumes, which makes it face a different challenge in reducing methane emissions compared to other countries that have easier challenges controlling emissions that appear concentrated.[/rtl]
[rtl]Europe's emissions are mostly imported[/rtl]
[rtl]Although direct methane emissions in Europe from the extraction sector are low, the region's heavy reliance on imported oil and gas, which accounts for 80% of its consumption, typically leads to increased methane emissions.[/rtl]
[rtl]The newly announced European Union regulations aim to address this issue by restricting methane emissions in global oil and gas value chains from upstream to downstream.[/rtl]
[rtl]These regulations, which are scheduled to enter into force starting in 2027, prohibit the conclusion of new European contracts for the import of oil, gas and coal, unless exporters adhere to the same obligations imposed on producers in the European Union regarding monitoring, reporting and verification of emissions.[/rtl]
[rtl]These regulations will also set limits on methane emissions to control whether or not imports of hydrocarbons into the European Union are acceptable, according to the Rystad Energy report.[/rtl]
[rtl]Onshore fields account for 80%[/rtl]
[rtl]Rystad Energy's satellite-based assessment data indicates that 80% of methane emissions from extraction activities come from conventional onshore fields, followed by shale oil fields at 15%, especially in the United States and Canada.[/rtl]
[rtl]The reason why conventional onshore fields account for most of the emissions is due to their large contribution to global production, which reached almost half in 2022.[/rtl]
[rtl]While the remaining 5% of methane emissions come from marine fields and oil sands, according to detailed data monitored by the Energy Research Unit.[/rtl]
[rtl]In terms of methane intensity, on average, onshore operations have much higher levels than other sectors, while the methane footprint of marine production appears to be lower than the global average, especially in deepwater projects.[/rtl]
[rtl]The decrease in methane emissions from deep offshore operations is due to several factors, most notably the technologies used, size, and undersea conditions. Modern offshore platforms are also distinguished by their possession of improved methane monitoring systems and equipment, which leads to lower leakage volumes, in addition to the tendency of deep fields to be more Burn rates are relatively low.[/rtl]
[rtl]The dilemma of scarce and unreliable data[/rtl]
[rtl]Methane emissions are attributed to 30% of the responsibility for the rise in global temperature since the industrial revolution until now. It is the second largest gas responsible for this after carbon, and half of its emissions come from 3 main sectors: Agriculture, waste and fossil fuels, according to the International Energy Agency.[/rtl]
[rtl]Methane is classified as a powerful, short-lived greenhouse gas, due to its rapid dissipation from the atmosphere compared to carbon dioxide, but the degree of its potential global warming effect is 84 times higher than carbon, according to estimates by the International Energy Forum.[/rtl]
[rtl]The issue of emissions of this gas has clearly risen to the top of the agenda and priorities of governments, operators and investors over the past two years, and this was evident in the COP 28 climate conference, which the UAE recently hosted.[/rtl]
[rtl]Energy and climate experts are betting on countries' success in reducing methane emissions globally due to the ease of this process, compared to reducing carbon dioxide emissions, which is more complex and expensive.[/rtl]
[rtl]Most of the reported data is still based on simple emission standards for on-site facilities and equipment, which falls far short of actual emissions that require more precise measurement standards.[/rtl]
[rtl]
Global and regional methane-targeted initiatives need to decisively address this obstacle of limited and inaccurate methane data, so that they can achieve the stated goals of achieving zero emissions in the short and medium term.[/rtl]
Views 49
Added 01/16/2024 - 11:30 AM
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Economy News - follow up
[rtl]Iraq ranked high on the list of countries emitting the most methane from oil and gas, according to an analytical report.[/rtl]
[rtl]According to the report, Iraq ranked fourth in the world, after Iran, while Russia topped the list, while the United States of America ranked second, and third place went to Iran.[/rtl]
[rtl]Talk about reducing methane emissions from oil and gas fields globally has increased intensely in recent years, especially with its low costs compared to other sectors that are more expensive to remove emissions.[/rtl]
[rtl]A recent analytical report estimated the amount of methane emissions that could be avoided from the largest oil and gas fields around the world at tens of millions of tons in one year, if producers decided to focus their efforts on that.[/rtl]
[rtl]The report was based on an analysis of field data collected by satellite on methane emissions from the 100 largest oil and gas fields in the world.[/rtl]
[rtl]The fields of the Middle East and America are the most emitting[/rtl]
[rtl]The data, analyzed by energy research firm Rystad Energy, revealed more than 100 major oil and gas fields emitting methane in the Middle East, Africa and Asia.[/rtl]
[rtl]These major fields contributed less than 1% of global oil and gas production, but they released large amounts of methane emissions, reaching 100 million tons of carbon dioxide equivalent in 2022.[/rtl]
[rtl]Rystad Energy's assessment indicates that more than half of global oil and gas methane emissions come from large venting and leakage events, while a smaller portion is attributable to flaring sources, emissions from equipment and smaller venting events.[/rtl]
[rtl]The Middle East and North America region represents nearly half of global methane emissions from oil and gas exploration and production activities, followed by Asia, Russia and Africa.[/rtl]
[rtl]By contrast, upstream methane emissions in South America and Europe appear relatively moderate, compared to the world's major oil and gas producing regions.[/rtl]
[rtl]Some countries, such as many North African countries, are dominated by large venting events, while others are dominated by smaller, scattered emission sources.[/rtl]
[rtl]The United States is an example of widely dispersed emissions with smaller volumes, which makes it face a different challenge in reducing methane emissions compared to other countries that have easier challenges controlling emissions that appear concentrated.[/rtl]
[rtl]Europe's emissions are mostly imported[/rtl]
[rtl]Although direct methane emissions in Europe from the extraction sector are low, the region's heavy reliance on imported oil and gas, which accounts for 80% of its consumption, typically leads to increased methane emissions.[/rtl]
[rtl]The newly announced European Union regulations aim to address this issue by restricting methane emissions in global oil and gas value chains from upstream to downstream.[/rtl]
[rtl]These regulations, which are scheduled to enter into force starting in 2027, prohibit the conclusion of new European contracts for the import of oil, gas and coal, unless exporters adhere to the same obligations imposed on producers in the European Union regarding monitoring, reporting and verification of emissions.[/rtl]
[rtl]These regulations will also set limits on methane emissions to control whether or not imports of hydrocarbons into the European Union are acceptable, according to the Rystad Energy report.[/rtl]
[rtl]Onshore fields account for 80%[/rtl]
[rtl]Rystad Energy's satellite-based assessment data indicates that 80% of methane emissions from extraction activities come from conventional onshore fields, followed by shale oil fields at 15%, especially in the United States and Canada.[/rtl]
[rtl]The reason why conventional onshore fields account for most of the emissions is due to their large contribution to global production, which reached almost half in 2022.[/rtl]
[rtl]While the remaining 5% of methane emissions come from marine fields and oil sands, according to detailed data monitored by the Energy Research Unit.[/rtl]
[rtl]In terms of methane intensity, on average, onshore operations have much higher levels than other sectors, while the methane footprint of marine production appears to be lower than the global average, especially in deepwater projects.[/rtl]
[rtl]The decrease in methane emissions from deep offshore operations is due to several factors, most notably the technologies used, size, and undersea conditions. Modern offshore platforms are also distinguished by their possession of improved methane monitoring systems and equipment, which leads to lower leakage volumes, in addition to the tendency of deep fields to be more Burn rates are relatively low.[/rtl]
[rtl]The dilemma of scarce and unreliable data[/rtl]
[rtl]Methane emissions are attributed to 30% of the responsibility for the rise in global temperature since the industrial revolution until now. It is the second largest gas responsible for this after carbon, and half of its emissions come from 3 main sectors: Agriculture, waste and fossil fuels, according to the International Energy Agency.[/rtl]
[rtl]Methane is classified as a powerful, short-lived greenhouse gas, due to its rapid dissipation from the atmosphere compared to carbon dioxide, but the degree of its potential global warming effect is 84 times higher than carbon, according to estimates by the International Energy Forum.[/rtl]
[rtl]The issue of emissions of this gas has clearly risen to the top of the agenda and priorities of governments, operators and investors over the past two years, and this was evident in the COP 28 climate conference, which the UAE recently hosted.[/rtl]
[rtl]Energy and climate experts are betting on countries' success in reducing methane emissions globally due to the ease of this process, compared to reducing carbon dioxide emissions, which is more complex and expensive.[/rtl]
[rtl]Most of the reported data is still based on simple emission standards for on-site facilities and equipment, which falls far short of actual emissions that require more precise measurement standards.[/rtl]
[rtl]
Global and regional methane-targeted initiatives need to decisively address this obstacle of limited and inaccurate methane data, so that they can achieve the stated goals of achieving zero emissions in the short and medium term.[/rtl]
Views 49
Added 01/16/2024 - 11:30 AM
[You must be registered and logged in to see this link.]
Today at 7:20 am by Rocky
» Did Barzani agree in Tehran to end the presence of Iranian groups in Kurdistan? - urgent
Today at 7:16 am by Rocky
» Al-Sudani: We are establishing a new situation for the global energy market through the Development
Today at 7:14 am by Rocky
» Al-Sudani: The government program devoted a wide scope to the government’s vision for oil and gas in
Today at 7:11 am by Rocky
» Al-Awadi: Ending the work of the UNAMI mission is consistent with the government’s vision in this fi
Today at 7:10 am by Rocky
» utube 5/9/24 MM&C 0:02 / 46:46 PM - Al-Sudani - Golden Opportunity - Private Sector - Contra
Today at 5:34 am by Rocky
» utube MM&C 5/11/24 Iraqi Dinar - IQD Update - International - IraqTiming - 2024 Budget Schedule - Sp
Today at 5:32 am by Rocky
» MM&C Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and w
Today at 5:24 am by Rocky
» The Secretary of the Ministry of Defense meets with the Commander of the NATO mission
Today at 5:17 am by Rocky
» Expert: The stability of the economy is linked to the political situation
Today at 5:13 am by Rocky
» A parliamentary request to lift the injustice against 20,000 Iraqi employees
Today at 5:09 am by Rocky
» Parliamentary Finance criticizes the government's failure to send the budget schedules
Today at 5:08 am by Rocky
» Minister of Oil: The 5th and 6th licensing rounds will take place within the framework of exploratio
Today at 5:07 am by Rocky
» Al-Sudani: Iraq is a difficult number in the global market in the field of energy
Today at 5:06 am by Rocky
» Al-Khanjar rejects Al-Halbousi’s request to head Parliament
Today at 5:05 am by Rocky
» Revealing the date of the arrival of the 2024 budget schedules
Today at 5:04 am by Rocky
» Al-Halbousi nominates Talal Al-Zubaie for presidency of the House of Representatives
Today at 5:03 am by Rocky
» "A coup in Iraqi universities"... Replacement of presidents and deans under the new education law
Today at 5:01 am by Rocky
» Al-Sudani: Iraq is a difficult number in the equation of energy and oil wealth in the region and the
Today at 5:00 am by Rocky
» Minister of Oil: We hope to announce an increase in Iraq’s oil reserves to 160 billion barrels
Today at 4:58 am by Rocky
» Iraq's mass graves...stories that did not end with the burial of their owners, and the "legacy of IS
Today at 4:57 am by Rocky
» Pictures: New licenses in Iraq to extract “huge” quantities of oil and gas
Today at 4:56 am by Rocky
» Transport reopens the Baghdad - Samarra railway line
Today at 4:55 am by Rocky
» Al-Awadi: A government decision to provide sovereign guarantees and guarantees to encourage the inve
Today at 4:54 am by Rocky
» Oil clarifies the mechanism for investing grant funds and licensing contracts
Today at 4:51 am by Rocky
» A $700 million agreement is signed between Iraq and Italy to finance these projects
Today at 4:50 am by Rocky
» Iraq recovers 90 billion dinars from social protection violators
Today at 4:49 am by Rocky
» Sudanese officially launches the two licensing rounds and sets the date for stopping gas burning
Today at 4:48 am by Rocky
» An economic vision for the standard of competition for exploratory plots in Iraq
Today at 4:47 am by Rocky
» The Iraqi Islamic Bank announces an increase in its capital to 300 billion dinars
Today at 4:46 am by Rocky
» A communication from the Ministry of Health to the Ministry of Interior in Kurdistan regarding “herb
Today at 4:44 am by Rocky
» Popular agreement to end the “cancer towers” crisis in the oldest villages of Diyala.. Document
Today at 4:42 am by Rocky
» What is the reason for OPEC's decision to stop publishing its estimates of the volume of global dema
Today at 4:41 am by Rocky
» It includes 29 projects in 12 governorates.. Launching the fifth supplementary licensing round and t
Today at 4:40 am by Rocky
» Among them are 8 Chinese companies...an economic view of the criteria for competition over explorato
Today at 4:38 am by Rocky
» Sudanese: Gas burning will stop within 3-5 years
Today at 4:38 am by Rocky
» With the extension of its legislative term.. Will the Iraqi parliament succeed in resolving the budg
Today at 4:36 am by Rocky
» Al-Sudani's angry message to Guterres: We do not need UNAMI.. Describe your belongings and leave
Today at 4:35 am by Rocky
» As a result of corruption charges... Parliamentary signatures were collected to dismiss the director
Today at 4:33 am by Rocky
» 13 countries are competing for 29 fields, and Anbar and Muthanna have the lion’s share... Details of
Today at 4:30 am by Rocky
» Ending the international coalition’s mission...negotiations may take more time
Today at 4:29 am by Rocky
» Oil reveals a mechanism to support services and establish infrastructure projects in the producing g
Today at 4:27 am by Rocky
» Al-Hakim: The future cannot be mortgaged to volatile oil prices
Today at 4:26 am by Rocky
» The New Generation Movement files a lawsuit to dissolve the regional government: It is unable to mak
Today at 4:24 am by Rocky
» Al-Sudani: The government program devoted a wide scope to the government’s vision for oil and gas in
Today at 4:23 am by Rocky
» Al-Rafidain: Loans for purchasing residential units start from 5 to 150 million
Today at 4:21 am by Rocky
» Iraq launches a new licensing round to develop oil and gas fields
Today at 4:20 am by Rocky
» Signing an agreement between Iraq and Italy to finance industrial projects worth $700 million
Today at 4:19 am by Rocky
» Minister of Oil: Soon we will announce the increase in Iraq’s oil reserves to 160 billion barrels
Today at 4:18 am by Rocky
» The Chinese company ZPEC wins the investment in the East Baghdad field - the northern extensions
Today at 4:17 am by Rocky
» utube 5/9/24 Iraqi Dinar | Ali Alaq Announced New Rate Finally Showing New Rate On Tv Screen | Din
Yesterday at 4:55 pm by Rocky
» A leader in the National Bank: We are committed to the federal decision and to postpone the election
Yesterday at 9:28 am by Rocky
» Al-Hakim: Iraq's future cannot be mortgaged to volatile oil prices
Yesterday at 9:24 am by Rocky
» The conflict of the corridors: the path to development from a historical perspective and the door to
Yesterday at 9:22 am by Rocky
» The Kurdistan Region demands that the federal government spend 1.1 billion dinars.. What is the reas
Yesterday at 9:21 am by Rocky
» Tomorrow, Iraq is preparing to launch a complementary round of gas licensing
Yesterday at 9:19 am by Rocky
» A government move to restore the funds of the Trade Bank of Iraq
Yesterday at 9:17 am by Rocky
» The Central Bank informs France of plans to restructure the banking sector
Yesterday at 9:15 am by Rocky
» A government advisor reveals the fate of the budget tables
Yesterday at 9:13 am by Rocky
» Iranian mediation between Baghdad and Erbil... Revealing the most prominent files of Raisi’s visit t
Yesterday at 9:10 am by Rocky
» Reconstruction and development is a priority.. A parliamentary committee follows up and monitors gov
Yesterday at 9:08 am by Rocky
» Al-Hakim comments on the agreements concluded with Türkiye and confirms: Iraq is on the right path
Yesterday at 9:06 am by Rocky
» Tomorrow... Iraq takes a step that will give it gas equivalent to 200% of imported Iranian gas
Yesterday at 9:04 am by Rocky
» A long and disturbing message.. The Iraqi government “blames” the United Nations because of “other p
Yesterday at 9:00 am by Rocky
» The Governor of the Central Bank and the French Ambassador discuss developments in the banking secto
Yesterday at 5:18 am by Rocky
» Al-Bajari: Iraqi companies will have a great opportunity to work after opening the door to investmen
Yesterday at 5:16 am by Rocky
» Transparency: Imports from Sulaymaniyah and Halabja during the past week amounted to more than 10 bi
Yesterday at 5:13 am by Rocky
» Al-Sudani: The delayed projects left great damage to the level of services in Babylon
Yesterday at 5:12 am by Rocky
» Economist: The fluctuation of the dollar is “the balance of speculators”
Yesterday at 5:10 am by Rocky
» {Al-Furat News} publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq
Yesterday at 5:08 am by Rocky
» A former MP accuses Türkiye of transferring its conflict with the workers to Iraq
Yesterday at 5:05 am by Rocky
» A call to the Sudanese to remove American forces from Iraq
Yesterday at 5:03 am by Rocky
» Oil Parliament: Ankara holds Erbil responsible for the oil fines it owes
Yesterday at 5:02 am by Rocky
» The government is silent...the reality of removing American forces from Iraq
Yesterday at 5:01 am by Rocky
» The radiation protection law in the first session of the next legislative term
Yesterday at 5:00 am by Rocky
» A Spanish company raises controversy and a representative reveals a parliamentary movement against i
Yesterday at 4:59 am by Rocky
» Sudanese officially requests the end of the United Nations mission in Iraq / documents
Yesterday at 4:58 am by Rocky
» Because its sessions were not held, the Kirkuk Council faces a judicial complaint, and its members d
Yesterday at 4:56 am by Rocky
» Former US Chief of Staff: We slaughtered huge numbers of innocent people in Iraq and other countries
Yesterday at 4:55 am by Rocky
» The Association of Private Banks counts the percentage of shares traded on the stock market during a
Yesterday at 4:53 am by Rocky
» The European Union and Iraq agree to increase cooperation between them
Yesterday at 4:52 am by Rocky
» American Bank: Expectations to increase Iraq’s oil capacity in 2025
Yesterday at 4:50 am by Rocky
» Central Bank Governor to the French Ambassador: The plan to restructure government banks will change
Yesterday at 4:48 am by Rocky
» Integrity confirms working to conclude a memorandum of understanding with the Kuwaiti Anti-Corruptio
Yesterday at 4:47 am by Rocky
» Highlights of the Prime Minister's visit to Babylon
Yesterday at 4:46 am by Rocky
» The Minister of Transport discusses with a Turkish delegation the latest developments in the develop
Yesterday at 4:44 am by Rocky
» Free of charge.. Issuing approximately 13 thousand unified cards for those covered by social protect
Yesterday at 4:42 am by Rocky
» A parliamentary committee advises the government to deter trespassers: Slums are one of the reasons
Yesterday at 4:41 am by Rocky
» Embassy Protection confirms to “Baghdad Today”: The missions are safe and we have taken proactive me
Yesterday at 4:38 am by Rocky
» Water resources resolve the controversy of the “Wadi Al-Tea” project.. It will nourish the Hamrin ic
Yesterday at 4:37 am by Rocky
» After approving the National Security Strategy...a parliamentary movement to host “responsible” figu
Yesterday at 4:36 am by Rocky
» Al-Hakim calls for the distribution of plots of land to the families of the martyrs of the Popular M
Yesterday at 4:34 am by Rocky
» Order 160 Committee completes the “port scandals” papers... and searches for a legal outlet for impl
Yesterday at 4:33 am by Rocky
» It revealed the details of its contract with four companies to complete the census requirements... P
Yesterday at 4:31 am by Rocky
» Egypt, Morocco and Qatar praise the Iraqi Integrity proposal to establish the Arab Law Enforcement C
Yesterday at 4:30 am by Rocky
» The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session o
Yesterday at 4:28 am by Rocky
» The Sudanese has not rested since the morning.. He carried out 12 activities and allocated a trillio
Yesterday at 4:27 am by Rocky
» Blinken's agent: Erbil is a strategic ally of Washington in a 360-degree relationship
Yesterday at 4:25 am by Rocky
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
Yesterday at 4:24 am by Rocky