Sustainability
The meeting of leaders, experts, and stakeholders emphasized the urgency of addressing greenhouse-gas emissions to mitigate climate change and align with global sustainability goals.
The test marks a milestone in the Poseidon CCS project, which aims to store carbon dioxide in the depleted gas reservoir below the Leman development in the southern North Sea.
This paper shares learnings from building a corporate sustainability culture as an infrastructure for environmental and sustainability programs by identifying enablers and challenges common to oil and gas organizations, which are relatively advanced in their sustainability journey.
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This paper discusses how methane detection from oil and gas infrastructure using remote sensing technologies enables operators to quantify and minimize the emissions while gaining insight and an understanding of their operations through data analytics. -
The proposed sale notice consists of more than 300,000 acres in three designated areas offshore Louisiana and Texas.
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BP’s deal with Norway-based Deep Wind Offshore aims to generate nearly half of the 13 GW of electricity Korea plans to produce from offshore wind by 2030.
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Nabors expanded its push beyond the oil business by acquiring an Australian solar power company selling a round-the-clock power technology.
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At the center of a rush to build carbon storage is the state of Louisiana, where the number of applications to build long-term storage is equal to half the sites operating globally.
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A new 1.0 Bcf/D facility in Baytown, Texas, is expected online no later than 2028.
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Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and carbon capture, utilization and storage infrastructure, Rystad Energy research shows.
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Although 2022 did not match 2021’s record of over 19.5 GW of online capacity, 2022 witnessed the second highest amount of global online capacity with almost 8.5 GW. Final investment decisions (FIDs) were taken on over 11.5 GW of projects, making it the fourth highest year for FIDs.
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The past year has been a challenging one for companies on the ESG front. Overlapping environmental, social, and political crises—from flooding and wildfires to the first war in Europe in 80 years—have made the jobs of leaders that much harder.
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The sites with the most CO2 emissions to capture are often far from the best rock to sequester it, leading to design projects for transport ships.
