Oilfield services provider Halliburton Co said on Thursday it would set greenhouse gas emission reduction targets in line with what the latest climate science outlines is necessary to meet the goals of the Paris Accord.The announcement comes…
The UK Prime Minister Boris Johnson on Wednesday set out a ten-point plan for 'a green industrial revolution' which promises to create and support up to 250,000 British jobs.'Covering clean energy, transport, nature and innovative technologies…
Norwegian offshore energy services firm Aker Solutions, which last week merged with Kvaerner, on Monday launched a campaign aimed at speeding up 'the transition to sustainable energy production.'The company, which has 15,000 employees around the world…
Energy intelligence group Wood Mackenzie has said that a world on a 2-degree celsius pathway could significantly reduce upstream gas investments - by 65% through to 2040.To remind, countries that signed the famous Paris Agreement in 2016, committed…
French oil major Total and Abu Dhabi's oil firm ADNOC have signed agreements to jointly work on opportunities in the areas of CO2 emission reductions and carbon capture, utilization, and storage (CCUS).'The agreement brings together the best-in-class in low carbon technologies from ADNOC and Total…
Chrysaor, a UK-North Sea focused oil and gas company, has tendered a license application for the purpose of storing CO2, and will, in parallel, seek agreement for a storage lease with The Crown Estate for the storage of CO2 in a depleted Southern North Sea gas reservoir…
British oil major BP and Danish wind developer Ørsted have signed an agreement to work together to develop a project for industrial-scale production of green hydrogen in Germany.Green hydrogen is made by the electrolysis of water using renewable power…
Norwegian oil and gas firm Vår Energi has chartered two offshore support vessels, which the company says will help it reduce environmental footprint.One is the Olympic Energy platform supply vessel, owned by Olympic Shipping, the other is Tidewater's 2012-built Troms Sirius platform supply vessel…
Malaysian oil giant Petronas has announced its plan to achieve net-zero carbon emissions by 2050.The company' President and Group Chief Executive Officer, Tengku Muhammad Taufik said: 'As the world contends with the many challenges brought about by energy transition…
Baker Hughes Co said on Tuesday it would buy Compact Carbon Capture AS in a bid to expand its footprint beyond oil and gas oilfield services as it prepares for a transition to a low-carbon future.Facing pressure from shareholders worried about…
Norway's Equinor aims to become a net-zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas, the energy producer's new chief executive said as he took office on Monday.Anders Opedal…
Saudi Arabia's energy minister said on Monday the world should be looking at all options to mitigate emissions of greenhouse gases in its fight against climate change, but that getting rid of oil and gas would be 'far-fetched and unrealistic'…
Oil major BP said Monday it had, together with Eni, Equinor, Shell, Total, and National Grid, formed a partnership to develop offshore carbon dioxide (CO2) transport and storage infrastructure in the UK North Sea.'This infrastructure will…
Norwegian carbon capture firm Aker Carbon Capture has signed a Memorandum of Understanding with Sweden’s power company Vattenfall to accelerate the evaluation of future carbon capture plants in Sweden and Northern Europe.Aker Carbon Capture…
Norwegian energy company Equinor has signed a contract with Skanska for building site preparation and the construction of jetty facilities for the CO2 receiving terminal in Norway, as part of the Northern Lights carbon capture and storage project…
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