Sustainability
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2025 has seen an 81% year-on-year rise in the number of small modular reactor designs to have secured at least one source of funding or a funding commitment.
A newly formed global coalition, Carbon Measures, aims to develop a ledger-based carbon accounting framework and champion market-based solutions to drive emissions reduction.
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Sustainability and environmental issues played a key part in the content at two of SPE’s recent major conferences. -
Service firms are diversifying their portfolios, in part driven by large-scale budget cuts among operators since the industrywide downturn.
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Equinor and the Snorre and Gullfaks partners have made a final investment decision for the Hywind Tampen offshore wind farm development. By reducing the use of gas turbines, the project helps cut CO2 emissions by more than 200,000 tonnes/year.
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Italian oil major Eni formally committed not to perform oil and gas exploration and development activities within the boundaries of natural sites included in the UNESCO World Heritage List.
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The 100-year-old service company has joined the effort to achieve net-zero carbon emissions over the next 30 years. The move follows similar companywide efforts by BP and Shell.
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Nearly 168 million people in India lack access to electricity. And, for millions more connected to the grid, the reliability and affordability of electricity remains patchy. Now, Shell has secured a nearly 20% stake in the Bangalore-based solar firm Orb Energy.
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Nanotechnology has great potential to reduce cost, increase production, and even improve the sustainability of E&P operations. But, where do we stand in terms of potential vs. reality? And, is the industry ready and willing to use the technology?
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The 16-MW solar facility in Ector County, Texas, near Odessa, powers the Goldsmith field through deployment of 174,000 photovoltaic panels.
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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.
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To solve the world’s biggest challenges, such as climate change and inequality, the business community will have to play a critical role. Last month, nearly 200 CEOs declared that the purpose of business is no longer just maximizing shareholder profit. But are they ready to follow through?
