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Oil And Gas Companies Are Being Watched By a New Methane-Tracking Satellite

Gizmodo

Gizmodo · 1y ago

Oil And Gas Companies Are Being Watched By a New Methane-Tracking Satellite

A satellite called MethaneSAT has been launched to track methane emissions from oil and gas fields around the world. Developed by the Environmental Defense Fund in partnership with the New Zealand Space Agency, MethaneSAT aims to identify major emitters of the greenhouse gas more accurately than previous satellites. By measuring changes in methane concentrations and pinpointing the sources, the satellite will provide data to help companies, investors, and the public take action on reducing emissions. Methane is the second largest contributor to climate warming, and reducing its emissions is crucial for mitigating climate change.

Related News

Google-backed MethaneSAT satellite to track global oil industry methane emissions

Economic Times

Economic Times · 1y ago

Google-backed MethaneSAT satellite to track global oil industry methane emissions

Alphabet Inc's Google and the Environmental Defense Fund (EDF) are launching the MethaneSAT satellite to monitor oil and gas industry methane emissions, contributing to efforts to combat climate change. MethaneSAT will provide more detailed and wide-ranging data than existing satellite trackers, such as the European Space Agency and GHGSat. The data will hold over 50 oil and gas companies accountable for their methane reduction pledges and help those complying with upcoming methane regulations in the EU and the US. Methane emissions are a highly potent greenhouse gas, and the data from MethaneSAT will be made available to the public later this year.

Google to share oil and gas methane leaks spotted from space

Economic Times

Economic Times · 1y ago

Google to share oil and gas methane leaks spotted from space

Google has partnered with the Environmental Defense Fund to identify sources of climate-warming emissions from oil and gas operations using a new satellite called MethaneSAT. The satellite, which will launch next month, aims to monitor methane emissions globally and pinpoint major sources of the greenhouse gas. Google Cloud will process the information collected by MethaneSAT and create a map of oil and gas infrastructure, using artificial intelligence to identify components like oil tanks. This data will help researchers, energy companies, and the public sector to better understand and mitigate methane emissions.

Google joins a mission to map global methane emissions from space

The Verge

The Verge · 1y ago

Google joins a mission to map global methane emissions from space

Google has partnered with the Environmental Defense Fund (EDF) to map methane pollution and oil and gas infrastructure using satellite technology. EDF plans to launch MethaneSAT, a satellite that will track methane emissions, while Google will use AI to map oil and gas infrastructure. Methane is a potent greenhouse gas, and preventing its pollution could have a significant impact on climate change. The collaboration aims to provide valuable information for energy companies, researchers, and the public sector to anticipate and mitigate methane emissions.

Orbio Earth finds methane leaks that could cost oil companies $9 billion this year

TechCrunch · 1y ago

Orbio Earth finds methane leaks that could cost oil companies $9 billion this year

A startup called Orbio Earth is utilizing satellite data to detect and track methane emissions from oil and gas facilities. Methane is a potent greenhouse gas and a major contributor to climate change. Orbio Earth's algorithms analyze freely available satellite data to identify methane leaks, providing emissions data to end users within 48 hours. The startup has raised $4 million in seed funding and aims to help oil and gas companies identify and fix methane leaks to mitigate their environmental impact. The company plans to expand its algorithms to track other greenhouse gases as well.

Google is making a map of methane leaks for the whole world to see

Business Insider

Business Insider · 1y ago

Google is making a map of methane leaks for the whole world to see

Google is partnering with the Environmental Defense Fund to launch a satellite called MethaneSAT that will measure methane leaks from oil and gas companies. Methane is a potent greenhouse gas and reducing its emissions is crucial for slowing down the climate crisis. The satellite will provide near-real-time data on methane sources worldwide, while Google will use its AI technology to analyze and map oil and gas infrastructure. The aim is to make the data available for the public to see on Google Earth Engine later this year.

Google to share oil and gas methane leaks spotted from space

Reuters · 1y ago

Google to share oil and gas methane leaks spotted from space

Google has partnered with the Environmental Defense Fund (EDF) to detect climate-warming emissions from oil and gas operations using a new satellite called MethaneSAT. The satellite will monitor methane emissions globally and provide data later this year. Google will use artificial intelligence and its mapping capabilities to create a map of oil and gas infrastructure and overlay it with MethaneSAT's emission data to identify sources of leaks. The information will be available through Google Earth Engine, aiding energy companies, researchers, and the public sector in mitigating methane emissions.

Windfall Bio is seeing strong demand for its methane-eating microbe startup

TechCrunch · 1y ago

Windfall Bio is seeing strong demand for its methane-eating microbe startup

Menlo Park-based startup Windfall Bio has raised $28m in a series A funding round led by Prelude Ventures, with participation from the Climate Pledge Fund, Incite Ventures and Positive Ventures, among others. The company deploys methane-eating microbes to agriculture, oil and gas and landfill sectors to absorb emissions and convert them into fertiliser for use or sale. Windfall's solution aims to provide a low-cost alternative to traditional carbon capture technologies, and has seen high demand since emerging from stealth in March. The market for methane-reduction technology is still in its early stages, offering plenty of growth potential.

Quick deliveries top agenda for Indian energy hunters

Livemint

Livemint · 10m ago

Quick deliveries top agenda for Indian energy hunters

Indian state-run energy companies are shifting their focus to acquiring foreign assets that are already producing or near-producing oil and gas projects. The move comes as delays in supplies from previous investments prompt a reevaluation of the approach. India's urgent need for energy, coupled with lengthy timelines for early-stage exploration and production projects, has led to a strategy change. National oil companies are now seeking assets that can provide immediate oil and gas supplies to meet India's growing energy demands.

US: $200 billion of M&A wasn't enough in oil patch

Money Control

Money Control · 1y ago

US: $200 billion of M&A wasn't enough in oil patch

US oil and gas producers are facing the need for further consolidation, even after last year's record-breaking $200 billion in deals. Many smaller exploration and production (E&P) companies with a market value under $25 billion are potential targets for consolidation. Wall Street investors tend to ignore oil stocks below $25 billion in value, so larger companies may seek to acquire smaller ones to prioritize size. Already in 2024, North American oil and gas companies have announced nearly $50 billion in deals, and multi-basin deals could become a trend in the coming years. However, potential obstacles include political scrutiny and fluctuating oil prices.

Mensa Brands plans funding round; Saudi Aramco eyes Indian refineries

VCCircle

VCCircle · 3m ago

Mensa Brands plans funding round; Saudi Aramco eyes Indian refineries

Mensa Brands is planning to raise new funding and monetize investments, as per reports. Meanwhile, Saudi Aramco is considering a $2.8 billion investment in new refineries by Indian state-run companies Oil & Natural Gas Corp and Bharat Petroleum Corp.

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