December in Review

Our December month-in-review newsletter is here! Keep reading to see the biggest headlines from this month.

U.S. Remains the World’s Top LNG Exporter as Shipments Hit Record High

The United States will remain the world’s largest LNG exporter in 2024 ahead of Qatar and Australia as America’s liquefied natural gas shipments are set to increase to a new record high from the previous all-time high of 2023.

Read more: Oil Price

EPA: Methane emissions down 44% in top oil and gas producing basins

Methane emissions from the largest oil- and natural gas-producing basins fell 44% between 2011 and 2013, according to newly published data from the Environmental Protection Agency.

According to the EPA’s Greenhouse Gas Reporting Program, methane emissions dropped in seven oil- and natural gas-producing basins by up to 87% from 2019-2023.

Read more: The Center Square

Oil and natural gas operational preparations and record production, storage and pipeline capacity keep Texas winter ready

As colder weather arrives in Texas, the Texas Oil & Gas Association (TXOGA) on Monday highlighted the many steps the industry takes to prepare for weather events to ensure reliable oil and natural gas production and transportation no matter the weather.

TXOGA also noted several positive policy developments designed to encourage investment in dispatchable electricity generation and expand electricity transmission infrastructure in the Permian Basin, both critical to meeting electricity needs in Texas.

Read more: OA Online

Shale drilling techniques could lead to a geothermal surge, IEA says

The shale drilling techniques that led to a boom in oil and gas output have also spurred the development of geothermal, which in theory could provide a stable source of power equal to the demand of India and the United States combined, the IEA said on Friday.

Speaking after publication of the Paris-based agency's first report on geothermal energy, International Energy Agency (IEA) Executive Director Fatih Birol said the source was suited to providing the massive amounts of stable energy data centres require.

Read more: Reuters

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