carbon emissions – Oil & Gas 360

Digital feature: Premium energy basins at center stage to decrease carbon emissions on rising oil and gas demand

September 3, 2024

World Oil (WO) – Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand, which is projected to exceed 650 exajoules (EJ) in the coming years. Rystad Energy estimates that by 2030, more than 75% of total demand

EXCLUSIVE Shell plans to exit California joint venture with Exxon Mobil -sources

July 1, 2021

Reuters Royal Dutch Shell Plc (RDSa.L) plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp (XOM.N), four people familiar with the talks told Reuters. Shell has divested numerous carbon intensive assets this year, selling its refinery in Washington state to Holly Frontier Corp (HFC.N) and its stake in a Houston-area refining joint venture to Petroleos Mexicanos as it

Shell weighs blockbuster sale of Texas shale assets

June 14, 2021

Reuters LONDON/NEW YORK – Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, people familiar with the matter told Reuters, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions. The sale could be for part or all of Shell’s position in

Shell to step up energy transition after landmark court ruling

June 9, 2021

Reuters LONDON – 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. Shell plans to appeal the May 26 court ruling

BHP completes its first refuelling of a ship with biofuel

April 15, 2021

Reuters SINGAPORE -BHP Group Ltd said on Thursday it completed its first refuelling of a ship with biofuel this month in a trial run that is part of its efforts to reduce carbon emissions. It was also the first time that a ship has been refuelled with biofuel in Singapore, the world’s largest bunkering hub. A biofuel blend derived from

Shell’s 2020 carbon emissions fall on the back of fuel sales drop

March 11, 2021

Reuters LONDON – Royal Dutch Shell, owner of the world’s largest fuel retail network, said on Thursday its total greenhouse gas emissions dropped 16% in 2020 as oil and gas sales fell sharply due to the coronavirus pandemic. hell said in its annual report that total emissions from its oil wells to forecourt fuel sales fell to 1.38 billion tonnes

Total quits top U.S. oil lobby over climate policies

January 15, 2021

Reuters LONDON – France’s Total SE on Friday became the first major global energy company to quit the main U.S. oil and gas lobby due to disagreements over its climate policies and support for easing drilling regulations. Total said it would not renew its 2021 membership with the American Petroleum Institute (API) following a review of the lobby’s climate positions,

Energy group Equinor aims for net zero emissions by 2050

November 2, 2020

Reuters OSLO – Norwegian energy company Equinor EQNR.OL aims to become a net zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas, its new chief executive said as he took office on Monday. Anders Opedal, the first engineer to lead state-controlled Equinor, plans to expand the acquisition of acreage for wind

Oil giants including Exxon set first joint carbon target

July 16, 2020

Reuters LONDON – A group of the world’s top oil companies, including Saudi Aramco, China’s CNPC and Exxon Mobil, have for the first time set goals to cut their greenhouse gas emissions as a proportion of output, as pressure on the sector’s climate stance grows. But the target, set by the 12 members of the Oil and Gas Climate Initiative

The coronavirus crisis means we may have already reached peak carbon

April 20, 2020

CNBC The coronavirus crisis will likely lead to the largest ever decline of global carbon emissions on record, according to research from Goldman Sachs, illuminating the potential for a long-term low carbon recovery. The Covid-19 outbreak has meant countries around the world have effectively had to shut down, with many governments imposing draconian restrictions on the daily lives of billions

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

August 8, 2019

From Reuters Chevron Corp (CVX.N) said on Thursday it has launched one of the world’s largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project. The carbon storage project was delayed by more than two years after Chevron discovered problems with valves and pipeline equipment during commissioning

D.C. Court Delays Clean Power Plan Hearing by more than Three Months

May 19, 2016

D.C. court makes rare decision to bypass three-judge panel for Clean Power Plan review In an unusual move, the D.C. Circuit Court of Appeals announced that oral arguments to assess the merits of the EPA’s Clean Power Plan will now take place before a nine-judge panel, bypassing review of challenges by a three-judge panel. The original three-judge panel was scheduled

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