A Way to Halt Natural Gas Flaring Arrives on the Back of a Truck [Yahoo! Finance News]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Yahoo! Finance News
) -- Perched on the back of a semi-trailer is the latest weapon in tackling the problem of wasted natural gas that oil producers often vent into the air or even burn off at the wellhead. Cryobox takes fuel directly from wells and turns it into liquefied natural gas, which is easy to store and transport. For small gas fields uneconomical or too distant to connect to a traditional pipeline network, this small-scale LNG plant is a solution to absorb fuel that would otherwise be wasted. That also makes it a way to prevent greenhouse gas emissions that contribute to global warming and solve a growing problem for the industry. Wherever oil is produced, gas often follows. If there aren’t enough customers to take it away, the gas is often treated as a waste product and either burned off at the wellhead or allowed to escape into the air—flared or vented in the jargon of the industry. Making LNG directly at the well can also help recover these supplies known in the trade as “stranded gas” when
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Analyst Actions
- 10/5/24 - Citigroup Inc.
SIEGY
Sec Filings
- 11/14/24 - Form 13F-HR
- 8/30/24 - Form N-PX
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