Page 12 - NorthAmOil Week 07 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

accretive opportunities in both Canada and transportation solutions in the region. These (since 2020), CDP long-form disclosure (since
the US,” Connors said. “In addition to the announcements mark the first major CCS 2021), Scope 3 disclosure (since 2021), and
attractive acquisition market, we expect to project in the Baton Rouge / New Orleans third-party verification of Scope 3 emissions
drive increased expansion across our business area, known as the “River Bend CCS” project, (since 2021).
in the coming quarters through continued and the first with an integrated midstream “Our Scope 3 reduction target is part of
organic growth and leading-edge technology solution dedicated to permanent sequestration our commitment to continuously improve our
deployment.” activities. Talos will be the project manager environmental performance while meeting
CATHEDRAL ENERGY SERVICES, February 11, and operator of the injection, storage and society’s energy needs sustainably,” said MPC
2022 monitoring and will be joined by its partner, President and Chief Executive Officer Michael
Storegga. J. Hennigan. “As the energy industry evolves,
TALOS ENERGY, February 15, 2022 we are positioning ourselves to continue
ENERGY TRANSITION delivering positive results in an energy-diverse
future.”
Talos Energy announces Marathon Petroleum 11: Use of Sold Products,” for products
MPC’s Scope 3 target covers “Category
establishes 2030 target to
lease agreement for major reduce absolute Scope 3 manufactured at the company’s refineries.
Informed by guidance from the Science Based
carbon sequestration hub in greenhouse gas emissions Target Initiative (SBTi) and IPIECA, the
calculation of Scope 3, Category 11 emissions
Mississippi River industrial Marathon Petroleum has established a 2030 is based on refinery yields because MPC’s
refinery yields are larger than marketed
corridor target to reduce absolute Scope 3 – Category volumes.
Additionally, today MPLX established a
11 greenhouse gas (GHG) emissions by 15%
Talos Energy today announced that it had below 2019 levels. new 2030 target to reduce methane emissions
reached an agreement with a large Louisiana The new Scope 3 target further enhances intensity from its natural gas gathering and
landowner to lease approximately 26,000 acres MPC’s GHG disclosures, which include processing operations by 75% below 2016
along the Mississippi River industrial corridor reporting aligned with the Task Force on levels. This expands the existing 2025 target
for future carbon capture and sequestration Climate-related Financial Disclosures (since to reduce methane emissions intensity 50%
(CCS) projects. Talos also announced today, 2017), Scope 1 and 2 GHG emissions intensity below 2016 levels.
in a separate press release, its entry into a target (since 2020), methane emissions MARATHON PETROLEUM, February 14, 2022
memorandum of understanding with EnLink intensity target (since 2020), third-party
Midstream to provide integrated CO2 verification of Scope 1 and 2 GHG emissions

P12 www. NEWSBASE .com Week 07 17•February•2022