Calgary-based Eavor Technologies has raised $40 million to build out geothermal systems that use horizontal drilling technology and may someday give abandoned oil and gas fields a second act.
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Total’s acquisition of 20% of Adani Green Energy adds to the supermajor’s global solar portfolio and advances its objective of reaching 35 GW of gross production capacity from renewable sources by 2025. -
A $3-million investment by a climate fund founded by TED curator Chris Anderson and an additional $2-million investment by a subsidiary of Helmerich & Payne will fund a hybrid CLG/EGS demonstration well in Texas. Drilling could begin this summer.
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Aberdeen Renewable Energy Group and the European Space Agency have signed a memorandum of intent to analyze, develop, and implement space-enabled technology and services to support the renewable energy sector.
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New proximity-based safety process watches the drill floor on board the drillship Deepwater Conqueror. -
Norwegian oil and gas firm Equinor said it would work to improve safety in its operations following several serious incidents and injuries in the past year. -
Keeping employees on their feet takes more than a casual reminder to “watch your step” during daily toolbox talks. -
Norway’s Equinor has breached safety regulations at its long-delayed Martin Linge oil and gas development and must fix the problems before output can begin, an industry regulator said.
Verner Ayukegba, senior vice president at the African Energy Chamber, says that Angola can balance environmental protections with ongoing hydrocarbon exploration, just as is foreseen by its constitution.
The International Energy Agency is launching a global commission to address the effects on employment and society from the transition to renewable energy from fossil fuels, it said. The commission, chaired by Denmark, will include energy ministers from Canada, Norway, Mexico, and Oman. It will also include US energy officials, as Washington shifts course under Preside…
ExxonMobil said it has created a new business to commercialize its extensive low-carbon technology portfolio. The new business, ExxonMobil Low Carbon Solutions, initially will focus on carbon capture and storage, one of the critical technologies required to achieve net-zero emissions and the climate goals outlined in the Paris Agreement.
BP has acquired a majority stake in the largest US carbon offset developer, Finite Carbon, the oil major said, as part of its climate goals and to develop a new revenue stream.
The country has announced that it plans to phase out all oil extraction by 2050.
Petrobras is pledging a 25% cut in carbon emissions by 2030, but that hasn’t stopped Chief Executive Officer Roberto Castello Branco from dismissing pledges by peers to completely neutralize their carbon footprints 2 decades later.
Companies, investors, and consumers alike are frustrated by a lack of standardized accounting for corporate ESG performance. This might be about to change thanks to a recent proposal from the IFRS Foundation, which is the body that oversees the work of the International Accounting Standards Board.
Oil and gas producers in Europe commit to reporting emissions, but major US firms do not.
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The Environmental Defense Fund's report called "Hitting the Mark" is a roadmap for the oil and gas industry to obtain and report good data on methane emissions. But, it also laments that methane emissions data are outdated, inaccurate, and unreliable. -
Recent advances could make feasible the deployment of networks of methane sensors to detect the greenhouse gas at large facilities. -
The largest US oil refiners released tons of air pollutants into the skies over Texas, according to figures provided to the state, as refineries and petrochemical plants in the region scrambled to shut production during frigid weather. -
Introduction of hydrogen blends into the liquefaction process is designed to reduce greenhouse-gas emissions.
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