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Ancient artefacts have been discovered on the seabed off Australia’s west coast. This discovery has opened up a new frontier for resource companies to look out for in conserving indigenous heritage. In July, archaeologists stumbled upon hundreds of stone tools submerged off the Dampier Archipelago in Western Australia, showing evidence of people living in the area when it was dry land more than 7,000 years ago.
Total has resigned from its role as operator of five exploration blocks in the Foz do Amazonas Basin, 120 kilometers offshore Brazil. The area may contain as many as 14 billion barrels of petroleum. Environmentalists, however, have tried to prevent oil exploration in the area, which is home to a sizeable reef. A new operator will be appointed for the job in a period of six months.
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.
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.
Maersk Drilling will invest USD $1m in California-based company Clean Energy Systems to develop a new technology called Carbon-Negative Energy. The novel technology will help produce renewable fuel and power and aid to remove greenhouse gases. Maersk Drilling is working to reduce the emissions associated with offshore drilling in multiple ways.
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 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.
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.
The UK’s offshore oil and gas sector has announced plans to cut half of its emissions over the next decade. The latest move comes as the fossil fuel sector in the country aims to transition to a net-zero emissions basin by 2050, as part of its commitment to address climate change and help decarbonize the global economy.
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’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.
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,”.
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.
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.
UK-based offshore operator Neptune Energy is all set to rope in Dutch energy infrastructure firm, Gasunie on the PosHYdon green hydrogen project. Claimed to be the world’s first offshore green hydrogen pilot, PosHYdon will be developed in the Dutch region of the North Sea. The project is engineered to combine energy generated from offshore gas, offshore wind, and offshore hydrogen in the Dutch North Sea.
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,”
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.
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.