As the energy transition accelerates, upstream companies are under pressure to decarbonize, and this is likely to intensify. Governments, investors, financial markets, society, along with other stakeholders are pushing for change. Companies鈥
Chevron Corp on Monday set a target to cut operational emissions to net zero by 2050, joining a list of energy companies taking steps to reduce their carbon footprint.The move to cut upstream emissions from its own operations and indirect emissions鈥
In four decades of climate negotiations, the world has focused intensely and exclusively on the most abundant climate-warming gas: carbon dioxide. This year, scientists are urging a focus on another potent greenhouse gas 鈥 methane 鈥 as the planet's鈥
Mexico's methane leak rate from oil and gas operations is twice as high as that of the world's top oil producer, the United States, a group of researchers found in a report due to be released this week.Invisible and odorless but much more harmful than carbon dioxide鈥
GHGSat, a company specializing in high-resolution remote sensing of greenhouse gases from space, Thursday announced a new research project to assess the feasibility of its high-resolution, space-based methane monitoring technology to measure emissions from offshore oil and gas platforms鈥
Governments and private sector energy companies must work together to drive acceptance of energy transition targets, the chief executive of German utility RWE said on Tuesday, warning that behavior changes will be a hard sell.In a panel discussion鈥
Norway鈥檚 oil and gas industry is counting on renewable power from hydro plants to cut emissions from its offshore platforms but rival demand from the green economy is putting a spanner in the works.The decision to keep investing in new oil and鈥
U.S. energy services firm Baker Hughes Co on Tuesday said regulatory frameworks are needed to help spur the growth of energy transition technologies, such as hydrogen, as its top executive called on regulators to create incentives to reduce emissions鈥
Royal Dutch Shell will seek ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business鈥
Thousands of new oil wells and hundreds of new oilfields will be needed to meet global demand even if it falls sharply towards the middle of the century, Oslo-based consultancy Rystad Energy said last Friday.Its analysis stands in sharp contrast鈥
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net-zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog's starkest warning yet to curb fossil fuels鈥
dCarbonX, a company looking to develop offshore geothermal energy and storage sites for CO2, hydrogen, and ammonia in Ireland and UK has signed a strategic agreement with CGG, a company specializing in the provision of seismic data for oil and gas exploration鈥
Texas-based oilfield services and technology company GPS International has informed that it has completed Phase 2 field testing of its patent-pending method to cut methane from natural gas, accomplishing 'a vast visible discharged reduction in Methane (CH鈧) exhaust emissions鈥
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more鈥
Oil and gas giant Shell has joined a multi-operator group driving innovation to tackle the challenge of offshore methane emissions monitoring.Leading this innovation is unmanned aviation business Flylogix, who alongside US gas sensor technology experts SeekOps and supported by OGTC鈥
