carbon footprint – Oil & Gas 360

Can oil & gas go green? Answers within DECARBON 2025

October 10, 2024

Oil and Gas 360 Taking place in Berlin, Germany, on 10-11 February, the Oil and Gas Decarbonisation Congress (DECARBON) 2025 gathers top-level management and leading technical specialists to explore the latest advancements, strategies and solutions in reducing the industry’s carbon footprint. DECARBON is an annual networking event which brings together oil and gas companies, EPCs, pipeline operators and refineries, hosted

ConocoPhillips says Shell deal lowers emissions intensity

September 22, 2021

World Oil HOUSTON (Bloomberg) –ConocoPhillips’s $9.5 billion deal to buy shale assets from Royal Dutch Shell Plc will boost the amount of carbon the company pumps into the atmosphere. Yet the company says the pact will actually allow it to reach one of its climate goals faster. Greenhouse gas emissions intensity, or emissions per barrel of produced oil, is now

Exclusive: Only a quarter of BP’s 10,000 job cuts to be voluntary

October 16, 2020

Reuters LONDON – BP BP.L is set to make around 7,500 compulsory redundancies after roughly 2,500 staff – or just over one in ten of those eligible – applied for voluntary severance, according to an internal memo seen by Reuters and company sources. The oil major announced plans in June to lay off almost 15% its 70,000-strong workforce as part of

Microsoft in deal with Equinor for Norway CO2 storage project

October 14, 2020

Reuters OSLO – Microsoft Corp on Wednesday signed a memorandum of understanding with Norway’s Equinor to explore the use of a carbon dioxide storage facility as the tech firm seeks to cut its carbon footprint, the Norwegian oil ministry said. The world’s largest software company pledged in January to remove enough CO2 by 2050 to account for all its emissions

Europe’s energy giants turn greener, but paths and targets diverge

March 2, 2020

Reuters LONDON – Europe’s top oil and gas companies, which account for roughly 7% of global crude consumption, have committed themselves to greenhouse gas emission reduction targets which vary in scope, timelines and detail, making them hard for investors to compare. Graphic: European oil companies – share of global consumption – here And what does this mean, say, for

Total considers stopping fuel oil sales for power: CEO

February 14, 2020

Reuters ABERDEEN, Scotland – France’s Total (TOTF.PA) is considering stopping sales of fuel oil to power markets as the energy giant seeks to reduce its carbon footprint and grow its renewable power business, its chief executive told Reuters. Fuel oil is one of the most carbon intensive refined oil products, used mainly for power generation and as a marine fuel.

Exporting natural gas creates carbon footprint rivaling that of coal, data shows

January 23, 2020

Houston Chronicle In May, while President Donald Trump toured a new $10 billion plant designed to prepare natural gas for export, he made a vow. Such facilities would be good for the environment, he said, or they won’t get approved. The president has greenlit 11 projects so far, bringing the U.S. total to 18. Environmentalists once touted the fuel, nicknamed

Premium Content