Sustainability
The report says the capacity of renewables in the region is set to grow tenfold by 2040 as electricity demand and new sectors drive rapid solar and wind expansion.
This study identifies critical knowledge gaps in wellbore integrity and underscores areas that require further investigation, providing insights into how wellbores must evolve to meet the technical demands of the energy transition.
This study illustrates the new capabilities, tailored for carbon-dioxide storage applications, of a modeling framework that provides a quantitative, risk-based assessment of the long-term integrity of legacy plugged and abandoned wells.
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Moji Karimi, CEO of Houston-based startup Cemvita Factory, talks about the status of oil and gas investments in the emergent technology arena of carbon capture, utilization, and sequestration. -
Companies join forces in carbon capture project near LNG facility.
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Kongsberg Digital, the digital branch of global technology company Kongsberg, recently joined in a strategic partnership with FutureOn, a global energy software company, to bring together their digital twin platforms for energy projects. Here, Kongsberg Digital’s sustainability lead, Brian Carey, explains how important digital twins are to sustainability in the oil an…
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Societal need and business opportunity are coming together to transform the way companies craft strategy, drive performance, and report results.
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In direct response to investor demand, more companies are incorporating environmental, social, and governance (ESG) metrics in their performance compensation for their executives, according to a report by Haynes and Boone. Investors want to see that executives are incentivized to implement ESG strategies.
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A recent Rystad analysis suggests well spending is set to increase from an expected $1 billion in 2021 to $3 billion in 2026.
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As COP26 looms, the International Energy Agency says governments must send an “unmistakable signal” about clean energy ambition and action if the world wants to avoid the worst effects of climate change.
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Winners of the triennial awards will be announced at the 23rd World Petroleum Congress in Houston.
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With environmental, social, and governance (ESG) funds on a dramatic incline, an incline expected to continue going forward, it seems inevitable that regulatory reform is on the horizon. Europe has been leading the charge in the incorporation of ESG considerations into its regulatory framework. As we look to gauge what type of regulatory reform might be around the cor…
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While ESG is perceived by some to be—and can be—difficult to implement, and it may seem like a profit-killer, the irony is that, for most companies that implement ESG programs, including those within the oil and gas industry, it has the opposite effect.
