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Saudi Arabia aims to be a leader in hydrogen export
Nov. 19, 2020
Source: worldoil.com

Saudi Arabia aims to be a leader in hydrogen export

Saudi Arabia, the world's largest oil producer is now eyeing to become a leader in hydrogen export. In order to secure its role as an energy supplier even to countries who are cutting down their carbon generating fuels, the former is going to produce more blue hydrogen and also plans to generate green hydrogen (hydrogen from solar power) both of which are pivotal for curbing climate change.

Greenpeace activists occupy Total oil platform in Danish North Sea
Aug. 19, 2020
Source: Reuters

Greenpeace activists occupy Total oil platform in Danish North Sea

Total has stopped its operations at the Dan Bravo oil production platform in the Danish North Sea, after the Greenpeace activists climbed aboard to protest future oil and gas exploration, four Greenpeace activists swam 500 metres to climb on to the Total operated oil platform affecting the output production. Total declines to mention that how much production had been affected.

Ithaca Energy's Jacky Installation goes 100% renewable
Aug. 18, 2020
Source: Energy Voice

Ithaca Energy's Jacky Installation goes 100% renewable

One of Ithaca Energy's offshore platforms in the North sea has become 100% powered by renewable energy. Ithaca’s Jacky installation is now fully powered by wind and solar energy. Jacky would now have relatively low emissions compared to larger assets in the North Sea. However, now more operators seek to reduce emissions through green energy and electrification of their platforms.

World's fight against climate change by the set up of largest fusion plant
July 27, 2020

World's fight against climate change by the set up of largest fusion plant

This Tuesday history will be made with the start of the machine assembly of the world's largest experimental fusion reactor at ITER facility in southern France. The event will be Live on Youtube in the presence of government officials from seven ITER members, including India. The launch demonstrates the willingness of 30,000 people of the 35 partner countries to join together in an enduring way in their common fight against climate change.

Global gas flaring hit highest in over a decade
July 22, 2020
Source: Reuters

Global gas flaring hit highest in over a decade

Global gas flaring increased to 150 billion m3 in 2019, the highest level in more than a decade, primarily due to increases in the United States, Venezuela and Russia. Gas flaring, in conflict-affected countries climbed from 2018 to 2019, in Syria by 35%, Venezuela by 16%, 23% in the United States, and 9% in Russia. However, it fell by 10% in the first quarter of 2020, with declines across most of the gas flaring countries.

Oil giants set first joint carbon target
July 17, 2020
Source: Reuters

Oil giants set first joint carbon target

Amidst rising pressure on the oil and gas industry's stance on climate change, the members of the Oil and Gas Climate Initiative (OGCI) have agreed to reduce the average carbon intensity of their aggregated upstream operations to ~20-21 kg of CO2e/boe by 2025. The OGCI includes BP, Chevron, Exxon and various other Oil & Gas giants which together account for over 30% of the world’s oil and gas production.

"Shell must fall", climate activists declare
May 20, 2020

"Shell must fall", climate activists declare

Donning face masks and abiding by social distancing guidelines because of the coronavirus pandemic, climate activists gathered at Royal Dutch Shell's headquarters in The Hague Tuesday during the oil giant's annual shareholders meeting to declare that "Shell must fall." Shell and its investors must now take responsibility," Greenpeace biologist Helena Spiritus told Reuters. "Shell has earned billions from oil exploitation, now these dirty investments must come to an end."

Equinor rejects climate resolution proposals
May 15, 2020
Source: Reuters

Equinor rejects climate resolution proposals

Equinor’s shareholders, dominated by the Norwegian government, rejected all climate resolutions proposed at their annual general meeting on Thursday. One of the resolutions was proposed by “Follow This”, a group that represents about 5,400 green-minded shareholders in oil and gas companies, called for adjusting Equinor’s climate targets in line with the 2005 Paris Agreement on global carbon dioxide (CO2) emission reductions. Their efforts rendered futile.

Total aims net-zero emissions by 2050 or sooner
May 5, 2020
Source: Reuters

Total aims net-zero emissions by 2050 or sooner

Following its rivals in the energy business, French energy major Total today revealed plans of cutting down carbon emissions, setting the aim of achieving net-zero emissions by 2050 or sooner. A statement from Chairman and CEO, Total read, “Energy markets are changing, driven by climate change, technology and societal expectations. Total is committed to helping solve the dual challenge of providing more energy with fewer emissions,”.

Carbon dioxide levels to fall to 2010 lows this year: IEA
May 4, 2020

Carbon dioxide levels to fall to 2010 lows this year: IEA

The International Energy Agency has expected global carbon dioxide (CO2) emissions to decline by 8% to 30.6 gigatonnes (Gt) this year, accomplishing levels last observed in 2010. The Global Energy Review 2020 has credited the sharp decline in emissions to the slump in energy demand during 1Q20. In perspective, the decline is estimated to be almost twice as large as all earlier declines since the end of World War II.

DNV-GL approves Aker Solutions' carbon-capture technology
April 30, 2020
Source: World Oil

DNV-GL approves Aker Solutions' carbon-capture technology

Norwegian accredited registrar, DNV GL has approved Aker Solutions' carbon capture and heat recovery technology as qualified, paving the path for a full-scale demonstration project in Norway to eliminate carbon emissions at a cement plant. The post-combustion technology developed by Aker intends at capturing and liquefying 400,000 tons per year of the released carbon dioxide at the Norcem plant.

Shell chalks out net-zero emission plans by 2050 or sooner
April 17, 2020
Source: Reuters

Shell chalks out net-zero emission plans by 2050 or sooner

Oil supermajor, Royal Dutch Shell yesterday outlined one of the most extensive strategies yet in the oil and gas sector to drop greenhouse gas emissions to net-zero by 2050. As Shell plans to fully counterbalance carbon emissions from its own oil and gas production and the energy it uses by 2050, the company added that it will “pivot towards serving businesses and sectors that by 2050 are also net-zero emissions,”

UK Budget proposes extensive expenditure on CCUS
March 13, 2020

UK Budget proposes extensive expenditure on CCUS

In a welcome move, the UK government has announced major funding for multiple carbon capture schemes in its Budget for 2020. Although UK chancellor Rishi Sunak refrained from mentioning any new measures for North Sea oil and gas extraction, his first budget laid emphasis on environment-friendly investment. The UK Committee on Climate Change has proposed the country’s first carbon capture, utilisation and storage (CCUS) facility and it should be operational by 2026.

Exxon Mobil chalks out plan to reduce Methane emissions by 20%
March 4, 2020

Exxon Mobil chalks out plan to reduce Methane emissions by 20%

Oil supermajor, Exxon Mobil yesterday chalked out an action plan to reduce the methane emission from its operations, outlining its efforts as governments around the world formulate stringent environmental norms. Exxon is majorly hoping for governments to adopt the procedures the firm undertook over the past two years to reduce methane emissions by 20% in some of its US drilling operations.

Man at the helm of BP charts 2050 net-zero emissions plan
Feb. 13, 2020

Man at the helm of BP charts 2050 net-zero emissions plan

Oil supermajor, BP Plc has established a new purpose and 2050 net-zero emissions plan. BP's new Group CEO, Bernard Looney said the company does not currently have short-term targets, adding: “We don’t expect progress to be in a straight line. But make no mistake… The direction is set.” BP has published a ten-point plan, that proposes a company restructuring, a new corporate purpose and an ambition to continue evolving despite changes.

"Doing nothing is not an option": IEA warns oil and gas industry over Climate Change
Jan. 20, 2020
Source: Reuters

"Doing nothing is not an option": IEA warns oil and gas industry over Climate Change

The International Energy Agency (IEA) on Monday said that the oil and gas firms must increase their investment in low-carbon energies. Otherwise, they would face a global backlash that could jeopardize their long-term profits and social acceptance. “Every part of the industry needs to consider how to respond. Doing nothing is simply not an option,” IEA’s Executive Director Fatih Birol said. IEA suggested the sector to boost investments in the cleaner fuels.

185 climate change protestors detained for staging protests in Brussels
Jan. 20, 2020
Source: Reuters

185 climate change protestors detained for staging protests in Brussels

A car show in central Brussels met with staged demonstrations from protest group Extinction Rebellion on Sunday, who rallied against the role of auto-industry in CO2 emissions. The protests forced the police to detain 185 protesters, and the show’s security personnel briefly halted admittance to the area. Extinction Rebellion was said to have targeted the show because the car industry told “a lot of lies in order to sell more cars”.

NOT GUILTY: ExxonMobil acquitted in Climate-Change securities fraud trial
Dec. 11, 2019
Source: CNBC

NOT GUILTY: ExxonMobil acquitted in Climate-Change securities fraud trial

Oil supermajor, ExxonMobil took a big sigh of relief on Tuesday when Judge Barry Ostrager acquitted the firm in the 4-year long New York Climate-Change securities fraud trial. The ruling for the $1.6 billion lawsuit read, “The Office of the Attorney General failed to prove, by a preponderance of the evidence, that ExxonMobil made any material misstatements or omissions about its practices and procedures that misled any reasonable investor,”.

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