sustainability

Wood Mackenzie’s latest analysis asserts that sustainability and resilience will be at the heart of the oil and gas industry story in 2021.

As the company aims to become carbon net zero by 2050, it is undertaking a three-pronged approach focused on transforming its core, investing for growth, and positioning for the future.

Chevron Technology Ventures President Barbara Burger discusses the adoption and integration of new technologies.

Barbara Burger says the key interest areas for the supermajor’s portfolio of startup investments remains unchanged despite a new industry downturn. However, the environment is tighter and the way in which deals are made has already seen notable change.

The Swedish oil and gas producer is aiming to produce 200,000 B/D while offsetting the entirety of its carbon footprint.

The Spanish oil and gas company says existing or foreseeable technologies will achieve at least 70% of its ambitious plan to shrink its carbon footprint.

Panelists at the opening general session of the SPE Annual Technical Conference and Exhibition acknowledged the industry’s daunting challenge of meeting global demand while reducing its carbon footprint.

The confluence of alternative energies, shifting public sentiment, and the industry’s own improvements to existing fields may upend the industry’s “engine of growth.”

When SPE’s international health, safety, and environment conference opens in April, it will bring together professionals from around the world. This gathering of professionals, on top of the technical information shared, is what makes the conference so important, said Jack Hinton, program cochair.

IPIECA has partnered with the United Nations Development Programme (UNDP) and the International Finance Corporation to develop a shared understanding of the implications of the UN SDGs for the oil and gas industry and how the industry can most effectively contribute.