Emissions News


Exxon, Chevron Shareholders Back Energy Transition Plans

May 26, 2022

Shareholders of Exxon Mobil Corp and Chevron Corp on Wednesday voted in favor of the energy transition strategies proposed by the two largest U.S. oil producers, following similar support of European oil firms' climate plans.Major oil producers…

Palantir, Trafigura to Track Carbon Emissions for Oil, Metals industry

May 24, 2022

Palantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil, gas, refined metals, and concentrates sector.The companies…

BP Wins Shareholder Support for Climate Strategy

May 13, 2022

BP shareholders on Thursday backed the energy company's climate strategy, while fewer investors than last year supported a resolution filed by an activist group urging faster action to battle climate change.The vote at BP's annual general meeting…

Deals Shifting Oil, Gas Fields Away from Climate Committed Firms to Those Without Them On the Rise

May 10, 2022

Deals in which oil and gas assets move from companies with climate goals to companies without such goals are on the rise, according to a study by the U.S. non-governmental organization Environmental Defense Fund.A company shifting polluting…

Climate Activist Sees More Shareholders Pressing ConocoPhillips on Emissions

Apr 13, 2022

An activist shareholder who last year convinced a majority of ConocoPhillips investors to approve a measure calling for emission cuts said the oil major did not fully follow through and said he expects to win even more support this year for a similar proposal…

Mexico Flared Record Levels of Gas in 2021 - Study

Mar 22, 2022

Flaring by the energy sector in Mexico hit record levels last year while the number of sites where gas is burnt off also rose despite government pledges to reduce such activity, research by a leading team of scientists showed.The practice releases carbon dioxide…

KCA Deutag to Help Equinor Cut Emissions, Energy Consumption at Cat J Jack-up Rigs

Mar 15, 2022

Oil and gas drilling and engineering firm KCA Deutag has secured a contract with Equinor to carry out an energy optimization project for two CAT J jack-up drilling rigs, the Askeladd and Askepott, in the Norwegian section of the North Sea. The project…

Schlumberger's SEES Aims to Eliminate Oil and Gas Industry’s Methane and Routine Flare Emissions

Mar 09, 2022

Oilfield services company Schlumberger has this week launched a dedicated business aimed at tackling methane and routing flare emissions from oil and gas operations.The company said that the business, named Schlumberger End-to-end Emissions Solutions (SEES)…

UK Offshore Flaring Volumes Drop to Lowest on Record, Regulator Says

Mar 04, 2022

UK North Sea production platforms reduced their flaring by 6 billion cubic feet (bcf), to 26 bcf, a reduction equivalent to the annual gas demand of 130,000 UK homes, the UK Oil and Gas Authority said Friday.A city with 130,000 homes would be similar in size to Aberdeen…

Rosneft Sets Goal to Achieve Net-zero Emissions by 2050

Dec 21, 2021

Russia's largest oil producer Rosneft said on Tuesday that its board has approved new strategy through to 2030 with the aim of achieving net-zero emissions by 2050, earlier than President Vladimir Putin's deadline.Climate scientists have said…

UK North Sea: Shell Scraps Plans to Develop Cambo Oil Field

Dec 03, 2021

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…

ABS Grants SUSTAIN 1 Notation for Harvey Gulf OSV Pair

Dec 02, 2021

American Bureau of Shipping (ABS) has granted its ABS SUSTAIN 1 Notation for two Harvey Gulf International Marine offshore support vessels, recognizing how their design and operation are aligned with UN Sustainable Development Goals (UNSDGs)…

Equinor, Partners to Invest $1.1 B in Further Development of Oseberg Field

Nov 26, 2021

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…

OGUK: UK Must Allow New Oil and Gas Fields or Risk Surging Bills and Shortages

Nov 22, 2021

OGUK, the trade body representing interests of the UK’s offshore oil and gas industry, has urged the government to allow new oil and gas fields, “or risk surging import bills and future shortages.”The trade body said it was reacting after the debate over the Cambo offshore oil and gas field…

Current News

Five-year Plan: U.S. to Hold Between Zero and 11 Offshore Drilling Lease Sales

Norwegian Offshore Oil Workers to Go on Strike on Tuesday

Teekay Sells Sevan Hummingbird FPSO to Ping Petroleum

Norway Greenlights Increased Gas Production at Several Offshore Fields

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