Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oil field in the British North Sea, which became a lightning rod for climate activists seeking to halt the development of new oil and gas resources.Following 'comprehensive screening' of the Cambo field…
Offshore engineering and construction company McDermott said Monday it had completed a liquefied natural gas (LNG) construction study for Shell, 'identifying tangible reduction pathways toward net-zero construction emissions.'The results of…
Norwegian oil and gas company Equinor has with its partners, submitted an amended plan for development and operation (PDO) to the minister of petroleum and energy Marte Mjøs Persen for the further development of the Oseberg field, with an increased focus on gas production…
Companies in the most polluting sectors that have invested in climate action often find themselves valued below peers that have been slower to do so, highlighting the difficulty of getting shareholders to back sustainability.Investors have poured more than $30 trillion into environmental…
Norwegian oil and gas company Equinor has, on behalf of the license partners in Krafla, Gina Krog, Asterix fields, and Gassco at Kårstø, signed contracts with engineering and construction firm Aibel worth around five billion Norwegian crowns (nearly $560 million)…
Industries including energy, steel, and chemicals are looking to develop large-scale hydrogen applications to help reduce carbon emissions and avert global warming.Although hydrogen is the most abundant element in the universe, it's very scarce as a gas…
Exxon Mobil Corp on Wednesday offered to lease a half million acres off the Texas coast, securing space for what could become a massive project to capture and store carbon emissions.Under pressure by investors to address climate change, Exxon…
Oil firm Rex International's subsidiary Lime Petroleum has entered into an agreement with Nautilus Carbon Services AS to participate in the first phase of a larger project involving several other joint-industry project partners, which aims to…
Chevron Corp and its partners in the Gorgon liquefied natural gas (LNG) project in Western Australia have agreed to buy carbon credits likely to cost more than $180 million as a penalty for failing to meet a five-year target for carbon capture and storage (CCS)…
Oil major Royal Dutch Shell's clean energy unit will provide renewable energy credits (REC) to oilfield firm Baker Hughes' facilities in United States for a two-year period, the companies said on Wednesday. The move comes as climate activists…
Seismic data company CGG has licensed its Northern Viking Graben multi-client seismic data set in the Northern North Sea to Northern Lights JV DA, for use in its ongoing and future CO2 storage developments. Northern Lights JV DA, owned equally by Equinor…
Oil and gas industry trade bodies OGUK, Norwegian Oil and Gas Association, BVEG, NOGEPA, and Oil Gas Denmark representing five countries across Europe 'pioneering lower-carbon oil and gas in the North Sea' have signed a formal agreement to…
As governments and investors alike push for greater and faster decarbonization, upstream operators are under increasing pressure to act. Divesting out of fossil fuels is an option, but one that runs the risk of only passing the ‘dirty’ assets to another player…
The growing avalanche of governments and companies committing to cut their climate-changing carbon pollution to net zero now covers 88% of global emissions, according to a tracker run by leading climate analysis groups.But those pledges do not…
A senior executive for Norwegian oil company Equinor said on Tuesday that the 'the clock is ticking' to achieve an energy transition away from hydrocarbons.'If we don't take action, we'll end up losing out,' Equinor's Senior Vice President for…