What's new in production ///
Natural gas production is high on most everyone’s list, depending on the type. World Oil’s re-cent forecast (February 2007) recorded a return to US gas production growth. Across the globe, there are major investments in gas field development, as well as new pipeline infrastructure. Some areas, like Canada, will see a drop in gas production, even as the need grows for new resources. Oil output is up this year as well, which increases associated methane (CH4).
Natural gas is a wonderful fuel, but it carries its own environmental issues—greenhouse gases from raw release (CH4) and flaring (CO2). If anything, CH4 releases do more harm than CO2 on a same-volume basis. But, more CO2 is released than CH4, so CO2 gets the blame for creating a gaseous, warming presence in the atmosphere. However, there is good news on both fronts. There are effective CO2 uses and there is progress on associated gas flaring.
Log in to view this article.
Not yet a subscriber? Get started now for immediate access to this content and more.
Join Our Newsletter ///
Sign-up for World Oil Daily News
Latest News ///More