Which oil and gas companies are preparing for the future? Executive Summary

by Tarek Soliman et al., November 2019, in CDPinthe pipeline


  • This report introduces CDP’s League Table for oil and gas companies, highlighting company performance across a range of portfolio, emissions and water-related metrics which indicate carbon risk preparedness and highlights earnings risks for oil and gas companies.
  • Highest ranked companies are Statoil, Eni and Total.
  • Lowest ranked companies are Suncor, ExxonMobil and Chevron.

Can Oil Sands Pay Off at Just $50 a Barrel?

by Kevin Orland, August 24, 2017 in BloombergNews


Canada’s tar sands, which contain the planet’s third-largest oil reserves, were a prized possession for global energy companies when crude was trading above $100 a barrel. But since prices fell to $50 in 2015, where they have lingered, Royal Dutch Shell, ConocoPhillips, and Marathon Oil have unloaded their holdings amid concerns that these capital-intensive projects would struggle to turn a profit.

(…) In recent earnings announcements, Suncor and rival Cenovus Energy Inc. said they can now sustain production with oil at $40 a barrel without jeopardizing the dividend they pay shareholders.

Why ‘Hide The Decline’? There Has Been No Net NH Warming Since The 1940s

by Kenneth Richard, August 31, 2017 in NoTricksZone


In the press release for a newly published and controversial  peer-reviewed scientific paper, Australian scientist Dr. Jennifer Marohasy unveiled one of climate science’s better-kept secrets.

She and her colleagues are well aware that the post-1940s Northern Hemisphere (NH)  proxy evidence from tree-rings, bore holes, pollen, etc., consistently fails to affirm sharply rising temperatures from the late 20th century onwards.

Natural Gas Looks Hurricane-Proof, for Now

by Nathaniel Bullard, September 1, 2017 in BloombergView


Since 2005, the U.S. has added more than 120,000 gas wells, mainly in Texas, Pennsylvania, Oklahoma and Colorado. In 2015, there were 555,000 in total.

Those onshore wells have not just made up for declining offshore production, they have handily exceeded it. Offshore gas is now only 4 percent of total U.S. withdrawals. Texas, Pennsylvania, Oklahoma and Colorado are 53 percent of all production.

Evidence for Little Ice Age in Antarctica

by UC Santa Cruz Newscenter, August 31, 2017 in WUWT


Changes in the sources of nitrogen and the composition of the phytoplankton community are more likely to account for the differences seen in the isotope data, Huckstadt said. “It looks more like a shift at the base of the food web, probably related to the transition from the Little Ice Age to current conditions, causing changes in the phytoplankton community,” he said.

See also: “Here we present new data from the Ross Sea, Antarctica, that indicates surface temperatures were ~ 2 °C colder during the LIA, with colder sea surface temperatures in the Southern Ocean and/or increased sea-ice extent, stronger katabatic winds, and decreased snow accumulation.”

A new estimate of biodiversity on Earth

by University of Chicago Press Journals, August 30, 2017 in ScienceDaily


To date, about 1.5 million species have been formally described in the scientific literature, most of them insects. Proportionally, bacteria comprise less than 1% of all described species.

In a new paper published in The Quarterly Review of Biology (September 2017), researchers from the University of Arizona have estimated that there are roughly 2 billion living species on Earth, over a thousand times more than the current number of described species.

The onset of widespread marine red beds and the evolution of ferruginous oceans

by Haijun Song et al., August 2017, in Nature


Banded iron formations were a prevalent feature of marine sedimentation ~3.8–1.8 billion years ago and they provide key evidence for ferruginous oceans. The disappearance of banded iron formations at ~1.8 billion years ago was traditionally taken as evidence for the demise of ferruginous oceans, but recent geochemical studies show that ferruginous conditions persisted throughout the later Precambrian, and were even a feature of Phanerozoic ocean anoxic events.

Soil carbon debt of 12,000 years of human land use

by J. Sanderman et al., July 2017 in PNAS


Human appropriation of land for agriculture has greatly altered the terrestrial carbon balance, creating a large but uncertain car- bon debt in soils. Estimating the size and spatial distribution of soil organic carbon (SOC) loss due to land use and land cover change has been difficult but is a critical step in understand- ing whether SOC sequestration can be an effective climate mitigation strategy.

See also here

Volcanic eruptions drove ancient global warming event

by Marcus Gutjah et al., August 30,  2017 in PhysOrg


A natural global warming event that took place 56 million years ago was triggered almost entirely by volcanic eruptions that occurred as Greenland separated from Europe during the opening of the North Atlantic Ocean,

The amount of carbon released during this time was vast—more than 30 times larger than all the fossil fuels burned to date and equivalent to all the current conventional and unconventional fossil fuel reserves we could feasibly ever extract.” Ridgwell said.

An unexpected finding was that enhanced organic matter burial was important in ultimately sequestering the released carbon and accelerating the recovery of the Earth’s ecosystem without massive extinctions.

See also here

Climate-driven variability in the occurrence of major floods across North America and Europe

by Glenn A. Hodgkins et al., September 2017 in Journal of Hydrology


 

Trends in major-floods from 1204 sites in North America and Europe are assessed.

Trends based on counting exceedances of flood thresholds for groups of gauges.

The number of significant trends was about the number expected due to chance alone.

Changes in the frequency of major floods are dominated by multidecadal variability.

See also here

Texas Major Hurricane Intensity Not Related to Gulf Water Temperatures

by Ph.D. Roy Spencer, August 29, 2017 in GlobalWarming


As the Houston flood disaster is unfolding, there is considerable debate about whether Hurricane Harvey was influenced by “global warming”. While such an issue matters little to the people of Houston, it does matter for our future infrastructure planning and energy policy.

Let’s review the two basic reasons why the Houston area is experiencing what now looks like a new record amount of total rainfall, at least for a 2-3 day period over an area of tens of thousands of square miles.

Water Intrusion in the Chesapeake Bay Region: Is It Caused by Climate-Induced Sea Level Rise?

by Roger H. Bezdek, August 2017 in SciRes


Our findings indicate that the water intrusion problems in the region are due not to “sea level rise”, but primarily to land subsidence due to groundwater depletion and, to a lesser extent, subsidence from glacial isostatic adjustment. We conclude that water intrusion will thus continue even if sea levels decline. These findings are critical because the water intrusion problems in the Chesapeake Bay—and elsewhere—cannot be successfully solved unless their causes are correctly identified and appropriate remedies are devised.

Quantifying the causes of the recent decrease in US CO2 emissions

by Roger Andrews, August 23, 2017 in Energy Matters (blog)


Between 2007 and 2015 total annual US CO2 emissions decreased by 740 million tons (12%). An updated analysis shows that 35% of this decrease was caused by natural gas replacing coal in electricity generation, 30% by lower fuel consumption in the transportation sector, 28% by renewables replacing

Quantifying climatic variability in monsoonal northern China over the last 2200 years and its role in driving Chinese dynastic changes

by J. Li, J. Dodson et al., March 1,  2017 in QuaternSciReviews


We suggest that solar activity may play a key role in driving the climatic fluctuations in North China during the last 22 centuries, with its quasi ∼100, 50, 23, or 22-year periodicity clearly identified in our climatic reconstructions.

We quantitatively illustrate that precipitation (67.4%) may have been more important than temperature (32.5%)…

Réchauffement climatique : le CO2 atmosphérique n’a pas toujours été le coupable

by Alex Barral et al., 2017 (U. Lyon-CNRS)


La comparaison des fluctuations du CO2 atmosphérique retracées à partir de ces estimations avec des courbes des changements de température a révélé de fortes baisses du CO2 atmosphérique (200-300 ppm), couplées à de fortes hausses de la température moyenne à la surface du globe (5-8°C) à l’échelle de quelques millions d’années.

La géologie, une science plus que passionnante … et diverse