It’s the first day of CERAWeek by S&P Global in Houston, one of biggest events on the calendar for the energy industry, with over 1,000 CEOs, policymakers and financiers due to speak.
(Bloomberg) — It’s the first day of CERAWeek by S&P Global in Houston, one of biggest events on the calendar for the energy industry, with over 1,000 CEOs, policymakers and financiers due to speak.
This year’s event is framed around the so-called trilemma facing global energy: ensuring security of supply amid war and geopolitical tensions, while also transitioning toward a zero-carbon system and keeping energy affordable.
All time stamps are Houston.
BP Is First to Certify Methane Intensity of US Natural Gas Portfolio (9:07 a.m.)
Nonprofit global methane certifier MiQ said it audited and certified BP Plc as the first oil major in the US to verify the intensity of methane emissions from its US onshore natural gas portfolio.
Dave Lawler, who heads BP’s US operation, told reporters the MiQ certification shows how BP has “eliminated methane from the Permian Basin,” and makes BP a leader in offering a lower-carbon barrel of oil.
Chevron Eyes Mediterranean as New Gas Source for Europe (9:15 a.m.)
Chevron will spend the rest of this year working through options to export natura gas to Europe from its Leviathan field off the coast of Israel, Chief Executive Officer Mike Wirth said.
The US oil giant is evaluating three options: a multibillion-dollar pipeline, exporting via existing facilities in nearby Egypt and floating liquefied natural gas. The latter is the simplest because it doesn’t rely on multiple governments but will take more time and money before an final investment decision is reached, Wirth said.
Gas markets have “structurally changed” since the Ukraine war, meaning Europe will need non-Russian sources for the long term, Wirth said.
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