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UK O&G sector commits to halve operational emissions by next decade
June 17, 2020

UK O&G sector commits to halve operational emissions by next decade

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.

"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.

Neptune Energy to rope in Gasuine on PosHYdon project
April 22, 2020

Neptune Energy to rope in Gasuine on PosHYdon project

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.

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,”

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”.

Green flag for ONGC's Assam project
Dec. 27, 2019

Green flag for ONGC's Assam project

India's ONGC has been given Environment Clearance (EC) for its onshore exploration, development and production of oil and gas in 100 locations in the non-forest area of Assam. According to official documents, the firm is investing Rs 3,500 crore in the project. "The EC is however subject to obtaining prior permission from the wildlife angle, including clearance from the Standing Committee of the National Board of Wildlife", informed ONGC.

Galapagos fuel spill sirens emergency across Ecuador
Dec. 24, 2019

Galapagos fuel spill sirens emergency across Ecuador

A fuel spill in the Galapagos Islands set off emergency protocols across South American country, Ecuador on Sunday. The spill came after a barge transporting 600 gallons of diesel fuel sank, officials said. The accident, which took place at a port on San Cristobal Island, happened when a crane buckled while stacking a container onto the barge. The falling container destabilized the ship, causing it to sink.

BP joins the force to improve recyclability of petroleum-based products
Dec. 20, 2019
Source: World Oil

BP joins the force to improve recyclability of petroleum-based products

After Total, BP has also come together with the companies across the plastic value chain to rapidly improve the recycling technology. “This is an exciting step towards a circular economy for the polyester industry”, says BP. The cross country partners of BP are Danone SA and Unilever NV, and recycling specialist ALPLA. However, BP has been already working on a technology called Infinia which is used for polyethylene terephthalate.

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,”.

Debate on Air toxicity issues underway in Indian Parliament
Nov. 20, 2019

Debate on Air toxicity issues underway in Indian Parliament

In unprecedented discussions, the Indian Parliament yesterday debated the air toxicity currently threatening the 48 million people residing in the Delhi NCR region. The debate saw opposition leaders demanding the government to set up a parliamentary panel to find long-term solutions to the problem. The air quality index in New Delhi exceeded 500 this month, about 10 times the recommended limit.

A lawsuit against Exxon disturbs investors
Oct. 22, 2019

A lawsuit against Exxon disturbs investors

Energy major, ExxonMobil has been slammed by New York's attorney general for lying to the investors about its future profitability. The lawsuit against the company that will go for trial on Tuesday claims that the firm has been maintaining two sets of books; one for climate change regulations and the other underestimating the costs. This has made the firm appear more valuable to investors.

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