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How to Decarbonize the Upstream Industry

Oct 27, 2021

As the energy transition accelerates, upstream companies are under pressure to decarbonize, and this is likely to intensify. Governments, investors, financial markets, society, along with other stakeholders are pushing for change. Companies need to define their strategy and act to future-proof their business and retain their social licence to operate.There are strategic advantages to producing less carbon-intensive hydrocarbons…

Rosneft Sets Goal to Achieve Net-zero Emissions by 2050

Dec 21, 2021

Russia's largest oil producer Rosneft said on Tuesday that its board has approved new strategy through to 2030 with the aim of achieving net-zero emissions by 2050, earlier than President Vladimir Putin's deadline.Climate scientists have said…

Nearly 90 Countries Join Pact to Slash Methane Emisions

Nov 02, 2021

Nearly 90 countries have joined a U.S.- and EU-led effort to slash emissions of the potent greenhouse gas methane 30% by 2030 from 2020 levels, a pact aimed at tackling one of the main causes of climate change, a senior Biden administration official said…

China's First Carbon-neutral Oil Cargo Certified

Sep 22, 2021

China's refining giant Sinopec Corp said on Wednesday it has jointly certified the country's first carbon-neutral crude oil cargo with shipping giant Cosco Shipping and China Eastern Airlines.The 30,000-tonne cargo was produced by Sinopec in…

ROV Pair Cleans Ship Hulls Double Time; HullWiper expands into South Korea

Jun 16, 2021

HullWiper launched operations at its newest location, South Korea. Through a partnership with HullWiper Korea, a company based at the Korea Maritime and Ocean University in Busan, it will provide green, sustainable and affordable hull cleaning…

Shell to Deepen Emission Cuts After Court Ruling, But Plans to Appeal the Decision

Jun 09, 2021

Royal Dutch Shell will seek ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business…

IEA: New Fossil Fuel Investments Must Stop If We Want to Meet 2050 Net-Zero Target

May 18, 2021

Investors should not fund new oil, gas and coal supply projects if the world wants to reach net-zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog's starkest warning yet to curb fossil fuels…

Clean Crude? Oil Companies use Offsets to Claim Green Barrels

Apr 16, 2021

In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more…

Woodside, Santos Investors Strike Down Activist's Push for Oil and Gas Operations Wind-down

Apr 15, 2021

Investors in Australia's top two independent oil and gas producers on Thursday rejected an activist group's push to get the companies to spell out plans to wind down their operations to help curb global warming.The resolutions were ultimately…

Shell to Produce Majority of Oil and Gas Reserves by 2050. Plays Down Stranded Assets Risk

Apr 15, 2021

Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.The disclosure is a rare…

Total, Siemens Energy Partner Up to Cut LNG Related Emissions

Apr 13, 2021

French energy major Total and Siemens Energy have signed a technical collaboration agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation…

CERAWEEK: Energy Firms, Gov'ts Bet on Hydrogen Boom. Payday Far Away

Mar 03, 2021

Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain.'Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy…

Greenhouse Gas Emissions: Investor Coalition CURE Pushes Exxon to Do More

Mar 03, 2021

A coalition of investors that oversees $2.5 trillion in assets urged ExxonMobil on Wednesday to take bolder action to slash greenhouse gas emissions and make key governance changes.The Coalition for a Responsible Exxon (CURE), which has 145 members…

Offshore Wind: Vessel Owners Under Pressure to Cut Emissions

Sep 14, 2020

Fast-growing offshore windfarms expect low carbon service operations by support vessels, but supplying and handling biofuels is a challenge and the development of ammonia and hydrogen-powered vessels still has a long way to go, ship fuel broker and trader LQM Petroleum Services said…

Technology: Greenhouse Gas Emission Capture and Storage to the Fore

May 01, 2020

Greenhouse gas emissions capture and storage may be a more practical alternative to emissions reduction for meeting the IMO’s 2050 CO2 target. Tom Mulligan reports.Shipping emits close to 1 billion tons of CO2 each year and the shipping industry…

Current News

Kuwait's KUFPEC Makes First Operated Offshore Discovery in Indonesia

Kuwait's KUFPEC Makes First Operated Offshore Discovery in Indonesia

INPEX Books HAKURYU-5 Semi-submersible Drilling Rig for Japan Offshore Drilling Project

INPEX Books HAKURYU-5 Semi-submersible Drilling Rig for Japan Offshore Drilling Project

Blue Petra Orders Fast Crew Boat from Strategic Marine

Blue Petra Orders Fast Crew Boat from Strategic Marine

"Triple deficit": Morgan Stanley Expects $100 a Barrel in 2H 2022

"Triple deficit": Morgan Stanley Expects $100 a Barrel in 2H 2022

Australia: Santos Bullish on Prices after Reaping Record Revenue

Australia: Santos Bullish on Prices after Reaping Record Revenue

HeliService to Provide Offshore Helicopter Services for Vestas in Taiwan

HeliService to Provide Offshore Helicopter Services for Vestas in Taiwan

Japanese Firms Team Up to Reduce Cost of Floating Offshore Wind

Japanese Firms Team Up to Reduce Cost of Floating Offshore Wind
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