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Tariq Siddiqui's picture
COO, Upstream EP Advisors LLC

Oil & Energy | Business Development | Capital Projects | Offshore Wind -  Proven leader in offshore development and operations, with 25+ years’ expertise in managing business through cycles...

  • Member since 2021
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  • Oct 5, 2021
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Many North American E&Ps and midstream operators are working to certify their supplies as having low-carbon emissions or differentiated gas supplies. Project Canary is one of several firms that handles certification, and it has of late snagged several deals with Lower 48 E&Ps and midstream operators. 

WHY IS IT IMPORTANT?

  1. In last four years emission in Permian have trebled, giving a bad rap to the region & natural gas industry
  2. Much touted lower carbon foot print of natural gas is meaningless if methane emissions are not controlled. Methane emissions are 28 times more intensive than CO2 emission 
  3. Through agreement with Canary, the companies aim to improve their operations further, and gain access to premium domestic and international certified low emission commodity markets
  4. Through the pilot agreement with Chisholm, Project Canary plans to deploy its Canary monitoring technology. The monitors measure, detect and alert operators to methane and other emissions.
  5. Chisholm Energy’s action sets a new benchmark for its Permian peers

POTENTIAL OPPORTUNITIES & FORWARD THINKING

The market for independent continuous monitoring and certification of responsible operations is growing exponentially. As a result, forward-thinking operators like Chisholm Energy are taking action to strengthen their ESG profiles, enhance environmental performance and gaining access to premium low carbon markets.

 

 

 

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