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…
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…
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…
Subsea Expo - a UK-based event focused on subsea engineering - has been postponed due to the current coronavirus-imposed restrictions.Subsea UK, the organizer of the event said Wednesday that the three-day conference and exhibition, along with the annual Subsea Awards dinner…
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…
Microsoft has signed an agreement with the Norwegian oil and gas giant Equinor to explore ways to support the Northern Lights carbon capture and storage (CCS) project which will store CO2 2,600 meters below the seabed offshore Norway.Microsoft…
Norwegian offshore oil and gas drilling contractor Odfjell Drilling is stepping out of the comfort zone and into the offshore renewables space.The company, which provides drilling rigs for oil and gas companies, on Thursday announced its investment in Oceanwind AS…
Norwegian offshore energy services provider Aker Solutions will spin off its wind development business and the carbon capture technology business in two separate firms, ahead of the proposed merger with engineering and construction firm Kvaerner…
Eni CEO Claudio Descalzi wants to turn the 67-year-old Italian oil and gas firm into a greener business, focusing on clean low-carbon products to build a huge customer base which he believes can steady the ship and attract investors more than ever…
Equinor's board has rejected all shareholder climate resolutions, including one asking to set more ambitious emission reduction targets, the company said in a notice to the annual shareholders' meeting published on Thursday.In February, Equinor…
Japan Oil, Gas and Metals National Corporation (JOGMEC) has signed an agreement with JX Nippon Oil & Gas Exploration and Petronas to study the development of high CO2 gas fields in Malaysia, utilizing Carbon Capture and Storage (CCS) technology…
A seismic shift in the dialogue around big oil and climate has occurred in the past 12 months. It’s a change in how big oil is orientating itself around what many call the energy transition. Climate goals - governmental, international and industry…
As the energy transition continues to pick up pace globally, the North Sea has the potential to become a global showcase for impactful change as a number of low carbon solutions grow in prominence, with partnership models becoming critical for the future of the basin…
Saudi Aramco said on Wednesday it was joining the World Bank's initiative to reduce gas flaring to zero by 2030 and said its flaring was already less than 1% of its total raw gas production in the first half of 2019.Aramco kick-started its initial public offering (IPO) this week…
Aker Solutions aims to adjust its portfolio of products and technologies to include more renewable energy and low-carbon technologies over the next decade, Norway's largest oilfield services firm said on Wednesday.While oil and gas will remain its biggest market…
Subscribe
