CO2 emissions

The increase in flaring emissions was led by operations in the Middle East, Africa, and Russia.

Stable policies and economics that encourage development are critical for scaling carbon capture.

Cost concerns temper public appetite for clean energy while companies struggle to find investors for projects.

Transition requires action, not perfect technology, but challenges remain around scalability, cost, and revenues.

The North Sea Transition Authority has previously said failure to invest in platform electrification could threaten future production rights.

One is on Earth, and one is not. But the knowledge transfer between the oil patch and off-world has fueled meaningful technological advances for all involved.

The innovations in the carbon removal space are gaining attention for their potential to curb global climate change, but they each face particular challenges in implementation.

High energy prices and a greater focus on energy security will not slow the world’s long-term ambition for a low‑carbon future. However, annual analysis by DNV believes unprecedented pressure is reinforcing a two‑speed energy transition. 

Also: A report says Bitcoin mining could ease emissions. Haliburton is accelerating its clean-energy efforts, while insurer Chubb cracks down on methane. ExxonMobil and Linde team up in Texas. Shell plans to limit CO2 emissions in Dutch plants, and Drax presses pause on bioenergy in the UK.

In August 2020, scientists spent 10 days doing airborne surveys of more than 50 platforms in the Gulf of Mexico. Their results revealed a climate impact twice as large as that estimated by government inventories.