NOIA’s Erik Milito says U.S. GoM oil manufacturing “sets the standard for oil and gas production worldwide.”
The National Ocean Industries Association (NOIA) has launched a complete examine on world oil manufacturing emissions that reveals that the greenhouse gasoline depth of U.S. oil manufacturing, notably within the U.S. Gulf of Mexico, is considerably decrease in comparison with most different areas around the globe. According to the report “The GHG Emission Intensity of Crude Oil and Condensate Production,” which was produced by global consulting services company ICF, right here’s how U.S. GoM oil manufacturing stacks up:
- Total U.S. oil manufacturing has a carbon depth 23% decrease than the worldwide common exterior of the U.S. and Canada.
- The U.S. Gulf of Mexico has a carbon depth 46% decrease than the worldwide common exterior of the U.S. and Canada, outperforming nations like Russia, China, Brazil, Iran, Iraq, and Nigeria.
- Using the biggest crude class from the Gulf of Mexico (API Gravity 37.5), as a substitute of comparable crudes from exterior the U.S. and Canada, might end in a 50% discount within the common worldwide carbon depth.
The report features a sensitivity evaluation of worldwide methane emissions, indicating that U.S. manufacturing, particularly within the Gulf of Mexico, performs significantly better relative to the worldwide common when it comes to emissions depth even when measured utilizing different methane estimation methodologies.
NOIA President Erik Milito says, “The U.S. Gulf of Mexico energy production sets the standard for oil and gas production worldwide. The world needs both climate solutions and a growing amount of energy, and we don’t have to choose between the two. Thanks to the remarkable efforts of the women and men producing energy in the Gulf of Mexico, we have an incredible source of reliable and responsibly produced energy. The Gulf of Mexico produces a massive amount of energy with a remarkably small footprint, and its continued success is critical for our energy security, national security, and energy affordability. This study validates the importance of the U.S. Gulf of Mexico as a source of energy with demonstrably lower carbon intensity barrels.”
Download the complete report HERE
