- Oct 5, 2021 5:54 pm GMT
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?
- In last four years emission in Permian have trebled, giving a bad rap to the region & natural gas industry
- 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
- 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
- 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.
- 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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