Page 13 - NorthAmOil Week 14 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

compared to more congested ports. Max low carbon fuels and performance chemicals. volumes relative to gross oil production
will be able to transport crude via pipelines They also offer future potential hubs for barrels.
between the major export ports of Houston, sequestration. Surge Energy continues to be a leader in
Corpus Christi and Calhoun including Shell has been providing energy to US water management. The company utilises
connected header systems in Edna, Three customers for more than 100 years and plans recycled produced water in completion
Rivers, Taft and Helena. And, Max will to remain an energy leader in the country for operations, minimising the need for fresh
continue to develop all assets within the decades to come. water. Over 80mn total barrels of freshwater
commitments of maintaining a carbon- SHELL, April 01, 2022 have been conserved since the inception of
neutral export facility. the company’s water recycling program in
MAX ENERGY, April 04, 2022 2017. From mid-2018 through 2020, nearly
ENERGY TRANSITION all completions used recycled produced water.
For the past three years, the company’s water
Surge Energy America quartile based on a 2021 industry comparison
DOWNSTREAM intensity was 0.4 or below, which was top
Shell completes sale of announces strong survey. Water intensity measures the volume
of freshwater withdrawn from local sources
Mobile refinery in Alabama sustainability performance for fracking operations relative to gross barrel
of oil equivalent production.
to Vertex Energy evidenced through flaring performance in GHG Emissions reduction
“Surge is proud of our outstanding
Equilon Enterprises LLC d/b/a Shell Oil reduction and water and water management,” stated chief executive
Products US, Shell USA, and Shell Chemical officer Linhua Guan. “We are committed to
LP, subsidiaries of Shell, has completed the management delivering continued strong ESG performance
sale of its Chemical LP Refinery in Mobile, by incentivising our entire organisation by
Alabama, to Vertex Energy Operating LLC, Surge Energy US Holdings announces the setting 45% of our variable compensation
for $75mn in cash plus the value of the company achieved record low flare gas targets tied to sustainability performance
hydrocarbon inventory and other closing performance in 2021 and continued industry metrics.”
adjustments and accrued liabilities. leadership in water management. SURGE ENERGY US HOLDINGS, April 05, 2022
The agreement covers the sale of the In 2021, the company reduced its total
Mobile refinery and associated co-located flared gas percentage by approximately 60% 350bcf of methane certified
logistics infrastructure, including product compared to 2020. Flared gas percentage
racks, an associated dock, and the Blakeley is the gross operated flared gas volumes gas available for trading
Island Terminal. as a percentage of total gross operated gas
As part of its Powering Progress strategy, produced. The Company is committed to as entire gas supply chain
Shell plans to consolidate its refining footprint reducing GHG emissions by eliminating
to five core Energy and Chemicals parks internally controlled flaring which the opens up for certification
globally. These locations, including Norco company delivered in 2021 as evidenced by
in the US Gulf Coast, will maximise the a 0.0 internally controlled flaring intensity MiQ has announced that 350 bcf of US-
integration benefits of conventional fuels and metric. Internally controlled flaring intensity produced independently certified gas (ICG)
chemicals production while also offering new measures internally controlled flaring gas is currently available on its Digital Registry

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