S&P Global Platforms Launches Carbon Strength Calculations and Daily Carbon Compensation Premium

Carbon dioxide will be a key component in measuring emissions

Singapore And London And new York, September 26, 2021 PRNewswire – S&P Global Platts (Platts), the leading independent supplier of information, analysis and pricing for commodities and energy markets, announced today. October 1StIt launches its first daily carbon offset payments alongside monthly carbon strength calculations for 14 major wildfires around the world. The marginal carbon strength (CI) calculations for various oil fields will enable producers, investors, shareholders and sub-basin buyers to better understand the carbon emissions characteristics of the solid state over time. Depending on the density of the dung and how much sulfur is included.

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Increasing the carbon footprint associated with fossil fuels Investors, consumers and producers are seeking to reduce their carbon footprint, which is growing in demand for “low-carbon raw materials.” Calculating carbon strength from a variety of products is one way the market has begun to measure greenhouse gas emissions from certain types of products. Oil produced at low GH emissions has lower carbon emissions than high emissions. Credits produced by high GH emissions, in turn, have high carbon strength. Therefore, higher CIA credits have higher carbon strength and require more voluntary carbon credits to compensate for emissions than low CIA emissions.

Deb Ryan, Head of Low Carbon Market Analysis at S&P Global Platts, said: “Oil and gas will remain part of the energy mix for decades to come. In order to achieve the world’s goal of reducing emissions, these fossil fuels need to be linked to major carbon offshore oil and gas resources. To play a role in overall energy integration. Carbon strength is bringing the much-needed transparency to the market by launching value and price premium. Understanding Carbon Strength Values: Working with carbon markets, both voluntarily and respectfully, will accelerate investments in projects that will reduce or eliminate future greenhouse gas emissions.

Paula Vanlaningham, Head of Global Carbon at S&P Global Platts, They said: “Carbon Strength on Carbon Strength The most important steps in the market for carbon offsets and recent trade-offs are important steps in the right direction. Significant reductions in emissions are crucial to minimizing the effects of climate change.Our new carbon strength calculations provide new transparency as a necessary first step to further evolution in this area.

from October 1, Platts will begin publishing monthly reviews of carbon dioxide equivalent per kilogram of carbon dioxide per kilogram of fuel oil (kgCO2e / boe). Monthly assessments of transport carbon strength in a barrel equivalent to carbon dioxide (KgCO2e / b) per barrel. And daily reviews in $ / boe and $ / b daily Plasma Carbon Credit (CRC) Voluntary Carbon Credit Review.

The plateau’s surface carbon calculation measures the impact of greenhouse gas emissions from well production to storage terminals, and is designed to reflect the value of a certain amount of raw carbon from the oil field. Platts will look at production, lightning and pouring, maintenance activities, product processing and transportation to the warehouse to identify the main sources of emissions relevant to certain jobs. The emissions generated during the exploration and drilling stages are no longer part of the CI calculation. Plates use proprietary research and analysis to calculate results, based on the OPGEE 3.0 model of Petroleum Production Greenhouse Gas Emissions.

Plates medium carbon strength calculation measures carbon strength from one storage terminal to the maximum filter center in a single transport route.

Platinum carbon premium premiums are calculated in $ / boe and $ / b, CI premium value is calculated using the daily Platts Carbon Removal Credit Assessment (Platts CRC). To learn more about the Platts CRC review, please visit: method_carbon_credits.pdf (spglobal.com)

The table below shows the carbon strength (CI) for each field included in this release. This allows each field to compete, with high CIs representing high emissions. For example, in the Permian, the Midland Basin has a high carbon content, so high emissions from Delaware Basin in Permian.

It is the II premium that a buyer pays to offset the GHG emissions generated by the production of each raw material. Of $ 20 Carbon prices represent forest production using a large number of related benefits. $ 50 Carbon prices are approaching the price of tech-based carbon credit, which includes CCUS (carbon footage usage and storage).

Dry stage

July margin to top CI

Sulfur%

API

CI Premium $ 20 carbon at $ / boe

CI Premium $ 50 carbon at $ / boe

Middle East Fields

Kirkuk (Iraq)

58.84

2.24

36

1,177

2,942

Gawar (Saudi Arabia)

18.16

1.96

34

0.363

0.908

African Fields

Girasol (Angola)

14.86

0.34

32

0.297

0.743

European Fields

Tengiz (Kazakhstan)

19.26

0.51

46.4

0.385

0.963

Johann Negotiation (Norway)

3.73

0.81

28

0.075

0.187

Ecofisk (Norway)

11.18

0.21

38.4

0.224

0.559

Fields of North America

Cold Lake (Canada)

81.87

3.5

20.73

1,637

4,094

Bacon (USA)

30.86

0.07

42.24

0.617

1.543

Eagle Ford (USA)

17.55

0.1

45.74

0.351

0.878

Mars-Ursa (USA)

14.78

1.92

28.8

0.296

0.739

Permian Delaware (USA)

17.36

0.05

44.67

0.347

0.868

Permanent Midland (USA)

19.97

0.04

39.37

0.399

0.999

Latin American Fields

Tupi (Brazil)

24.69

0.36

28

0.494

1,235

Cantarel (Mexico)

18.37

3.27

22

0.367

0.919

About S&P Global Platts

At S&P Global Platts, we provide insights; They better communicate information and make business decisions with confidence. We are a leading independent supplier of information and benchmark prices for commodities and energy markets. Customers in more than 150 countries look at our profession through news, pricing and analysis to bring more transparency and efficiency to the market. Coverage of S&P Global Platts includes oil, gas, LNG, energy, petrochemical, metals, agriculture and shipping.

S&P Global Platts is part of S&P Global (NYSE: SPGI) that provides the intelligence needed to make confident decisions for individuals, companies and governments. For more information, visit www.platts.com.

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SOURCE S&P Global Platts

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