It has been a wild week in methane! New methane import regulations in Europe could alter international gas trade and US Department of Energy announces a multi-lateral differentiated gas framework initiative. Meanwhile, JPMorgan is taking a stronger stance on methane. A new Nature Energy paper on differentiated gas and intel on Bill Nye are among the other stories in this week’s edition! We are also hiring for some exciting roles. Thanks as always for reading and your support of Highwood.
Europe Passes Methane Import Law
The European Union finalized a law on Wednesday to monitor and decrease methane emissions in the oil and gas sector. The law, requiring the O&G industry to measure, report, and verify emissions, will apply to natural gas imports from 2030 onwards. EU is a lucrative market for the US, who will need to meet these new requirements. Read more here.
DOE Announces International MMRV Framework
The US Department of Energy has announced a new working group comprised of 14 countries that will set a measurement, monitoring reporting, and verification (MMRV) framework so that credible, comparable information can be provided to natural gas markets. Read more here.
JPMorgan Zeroes in on Methane
A new TCFD Climate Report was released by JPMorgan including a separate report on the ‘Methane Emissions Opportunity’, which focuses specifically on how oil and gas companies can leverage technology to reduce methane emissions. Pressures from lenders have increased in recent years as they become motivated to drive down emissions in their portfolios.
New Nature Energy Paper of Differentiated Gas
Excited to have participated in a new paper was released in Nature Energy by a group of researchers working on differentiated gas (led by Arvind Ravikumar, Erin Tullos, Dave Allen, and Ben Cahill, and co-authored by various others. The paper sets out a framework for measurement-based emissions estimates so that emissions intensity may be associated with delivered natural gas across the supply chain. Read it here.
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Join our Team! Highwood is Hiring!
We currently have multiple exciting career postings on our website. In addition to those listed, Highwood is always looking for bright folks who want to help us change the world for the better. If you have experience in greenhouse gas emissions management and you’re looking for a career change, please reach out! Check out our active opportunities on our website by clicking here.
(Repeat posting) New EPA Rules Coming Soon
Both OOOOb/OOOOc and the IRA Methane Fee proposal have reached the Office of Management and Budget, Executive Office of the President for final review and approval. We should have final rules very soon. In the meantime, you can request a meeting with OMG here, or just hold your breath like me!
(Repeat posting) Announcing the 2023 Voluntary Initiatives Report!
One of the things we’re known for at Highwood is our annual report, Voluntary Emissions Reduction Initiatives for the Oil and Gas Industry. This year’s report is now out, and it’s better than ever, with exhaustive data on each initiative, trends over the years, and valuable insights from our expert contributors. Whether you’re a fan of this report or learning about it for the first time, hold on to your methane sensors because you’re in for a treat. Check out the 2023 report here.
(Repeat posting) Course: Methane Detection and Quantification Technology
The world of methane monitoring is complex – and it’s not about to get easier! If you’re struggling to understand the available technologies, how to deploy them, how to manage data, and how they fit into regulations and voluntary initiatives, you’re not alone. That’s why we put together this course with Evaluate Energy – taught by myself and Highwood’s Director R&D, Dr. Jeff Rutherford. Register today for the December 2023 offering.
(Repeat posting) Version 3 of LDAR-Sim Released
The Leak Detection and Repair Simulator (LDAR-Sim) is an open-source model for testing out new methane detection and quantification solutions in a virtual environment. As part of our education mandate, Highwood has been working hard to release V3 of LDAR-Sim, which came out last week. Read all about the new version and how to use it here.
(Repeat posting) Research Digest
The Highwood Bulletin covers major news in emissions management. If you’re interested in learning about novel advancements in science and research, check out our Research Bulletin. We recently published the 9th edition here.