Emissions News


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…

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…

Nearly 90 Countries Join Pact to Slash Methane Emisions

Nov 02, 2021

Nearly 90 countries have joined a U.S.- and EU-led effort to slash emissions of the potent greenhouse gas methane 30% by 2030 from 2020 levels, a pact aimed at tackling one of the main causes of climate change, a senior Biden administration official said…

How to Decarbonize the Upstream Industry

Oct 27, 2021

As the energy transition accelerates, upstream companies are under pressure to decarbonize, and this is likely to intensify. Governments, investors, financial markets, society, along with other stakeholders are pushing for change. Companies…

Chevron Eyes Net Zero Operational Emissions by 2050

Oct 11, 2021

Chevron Corp on Monday set a target to cut operational emissions to net zero by 2050, joining a list of energy companies taking steps to reduce their carbon footprint.The move to cut upstream emissions from its own operations and indirect emissions…

Methane Emission Reduction takes Center Stage of UN GHG Report

Aug 09, 2021

In four decades of climate negotiations, the world has focused intensely and exclusively on the most abundant climate-warming gas: carbon dioxide. This year, scientists are urging a focus on another potent greenhouse gas – methane – as the planet's…

Methane Leak Rate from Mexico's Oil & Gas Ops 'Alarming' for Climate Change

Jul 28, 2021

Mexico's methane leak rate from oil and gas operations is twice as high as that of the world's top oil producer, the United States, a group of researchers found in a report due to be released this week.Invisible and odorless but much more harmful than carbon dioxide…

Oil Majors Join Project to Monitor Methane Emissions from Offshore Platforms by Satellite

Jul 08, 2021

GHGSat, a company specializing in high-resolution remote sensing of greenhouse gases from space, Thursday announced a new research project to assess the feasibility of its high-resolution, space-based methane monitoring technology to measure emissions from offshore oil and gas platforms…

RWE CEO: Gov'ts, Energy Firms Must Cooperate on Green Targets

Jun 23, 2021

Governments and private sector energy companies must work together to drive acceptance of energy transition targets, the chief executive of German utility RWE said on Tuesday, warning that behavior changes will be a hard sell.In a panel discussion…

Greener Oil or Green Industry? Gridlock Puts Norway in a Bind

Jun 23, 2021

Norway’s oil and gas industry is counting on renewable power from hydro plants to cut emissions from its offshore platforms but rival demand from the green economy is putting a spanner in the works.The decision to keep investing in new oil and…

Baker Hughes CEO Calls for Regulatory Incentives on Emissions

Jun 23, 2021

U.S. energy services firm Baker Hughes Co on Tuesday said regulatory frameworks are needed to help spur the growth of energy transition technologies, such as hydrogen, as its top executive called on regulators to create incentives to reduce emissions…

Shell to Deepen Emission Cuts After Court Ruling, But Plans to Appeal the Decision

Jun 09, 2021

Royal Dutch Shell will seek ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business…

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