Emissions News


GHG Emissions from UK Offshore Oil and Gas Sector Dropped 3% in 2022, NSTA Says

Sep 06, 2023

Greenhouse gas emissions from UK offshore oil and gas production were cut for the third consecutive year in 2022, the UK North Sea Transition Authority said Tuesday.'Last year’s estimated 3% reduction contributed to a 23% drop in greenhouse gas emissions between 2018 and 2022,' NSTA said.According to the NSTA, the UK offshore oil and gas industry remains 'well on track' to meet targets to cut emissions 10% by 2025 and 25% by 2027…

Norway Wealth Fund Tells Companies to Plan for Climate Transition

Sep 15, 2023

Norway's $1.4 trillion sovereign wealth fund, the world's largest, revealed stricter demands on Friday for how companies it invests in should handle climate risk, telling boards to move from target setting to transition planning.The fund, which…

World Needs $2.7 Trillion Annually for Net Zero Emissions by 2050-Wood Mackenzie

Sep 15, 2023

Global investment of $2.7 trillion a year is needed to achieve net zero emissions by 2050 and avoid temperatures from rising above 1.5 degrees Celsius this century, a report by consultancy Wood Mackenzie said on Thursday. Scientists have said…

Port of Aberdeen's Shore Power Project to Dramatically Cut Vessel Emissions

Sep 14, 2023

Port of Aberdeen said Thursday it had been awarded funding from the UK Government for a multi-million-pound project to design and deliver the first large-scale landside and vessel-side shore power system in Scotland.'The demonstrator project…

Polish Firm to Become Operator of Barents Sea CO2 Storage License

Sep 06, 2023

Norwegian carbon storage specialist Horisont Energi and the oil and gas firm PGNiG Upstream Norway (PUN), part of Poland-based ORLEN Group, have signed a Letter of Intent (LoI) whereby PUN aims to enter as partner and operator in the only CO2 licence in the Barents Sea - Polaris…

BP's Looney Holding His Nerve over Energy Transition Plan

Sep 05, 2023

BP CEO Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year, despite investors penalizing the group over its plan to break away from rivals in cutting oil and gas output…

System Built for Mars Operations Used for Offshore Methane Emissions Detection

Aug 16, 2023

Technology first developed by the NASA Jet Propulsion Lab (JPL), which is being used to detect offshore methane emissions, is to be showcased at SPE Offshore Europe 2023 in Aberdeen next month.SeekOps, the US-based sensor company, has deployed its drone-agnostic SeekIR solution…

French Court Rejects Case Seeking Halt to TotalEnergies' New Oil and Gas Projects

Jul 06, 2023

A French court on Thursday declined to consider a case brought by a coalition of environmental groups and local authorities which was seeking an immediate halt to new oil and gas projects by TotalEnergies.The coalition launched legal action…

Italy's Eni Wants to Reduce Oil Exposure with Asset Sales

Jul 04, 2023

Italy's Eni aims to reduce its exposure to oil in favor of natural gas and non-fossil fuels in part through asset sales, the energy group's CEO Claudio Descalzi said on Tuesday. Speaking at the Rome presentation of a report by the International Renewable Energy Agency (IRENA)…

Environmental Platform Urges High-Emitting Firms to Disclose Data

May 30, 2023

More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment are not disclosing environmental data, it said as it launched its latest campaign to get firms to provide the information.CDP, which…

Drone-Based Methane Emissions Survey to Aid Bumi Armada's Action Plan for Kraken FPSO

May 23, 2023

IKM Testing UK has secured a second contract with the Malaysian FPSO leasing firm Bumi Armada to deliver a drone-based methane emissions survey on the Armada Kraken FPSO, producing oil for EnQuest in the North Sea.The project follows an aerial…

Exxon Rebuts Proxy Advisor, Says Net Zero Emissions Scenario 'Unlikely'

May 19, 2023

Exxon Mobil Corp has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters. In a reply on Wednesday to proxy advisor Glass Lewis…

TotalEnergies Sues Greenpeace Over Emissions Report

May 03, 2023

French oil major TotalEnergies has sued environmental group Greenpeace France and climate consulting firm Factor-X over a report claiming the company massively underestimated its 2019 greenhouse gas emissions, TotalEnergies said on Wednesday…

Partnership Launched to Boost Efficiency and Lower Emissions from FPSOs

May 02, 2023

Oilfield services firm SLB, Rockwell Automation, Sensia, and Cognite on Monday announced a collaboration that they say will 'accelerate the evolution' of the offshore industry’s floating production storage and offloading (FPSO) facilities. According to a press statement issued by SLB…

ConocoPhillips Raises Emission Reduction Targets, Expects $10B in Annual Spending

Apr 12, 2023

U.S. oil producer ConocoPhillips on Wednesday unveiled a 10-year plan that raised its targets for greenhouse gas reductions and put its annual capital expenditure at about $10 billion on average, ahead of an investor meeting.Houston-based ConocoPhillips…

Current News

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

Global Underwater Hub Hosts Royal Visit from King Charles

Global Underwater Hub Hosts Royal Visit from King Charles

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

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