Sustainability ///

Equinor submits Troll West electrification plan to Norwegian authorities

Equinor and partners Petoro, Shell, Total and ConocoPhillips have decided in favour of Troll West electrification, and today submit the plan for development and operation to the minister of petroleum and energy. The decision includes partial electrification of the Troll B platform and full electrification of Troll C in the North Sea.

Appalachian basin tops Permian as biggest methane emitting region in the US

Kayrros has released measurements quantifying the total methane emissions across the Appalachian Basin. The findings, derived from satellite data and proprietary algorithms, place the Appalachian Basin ahead of the Permian as the biggest source of methane in the US and identify the primary sources behind its emissions.

CGG and dCarbonX sign strategic agreement for decarbonization exploration

CGG has signed a strategic agreement to support dCarbonX in the subsurface assessment of its operated clean energy projects offshore Ireland and the UK, which include geothermal energy and storage sites for CO2, hydrogen and ammonia.

Saving billions with bots

Craig Fleming, World Oil

The combination of artificial intelligence, machine learning and the industrial internet of things is enabling remote operations and automation capabilities, leading to greater adoption and proliferation of intelligent oilfield operations.

Exxon proposes federally-funded $100B carbon capture facility on Texas Gulf Coast

In what would be the world’s biggest carbon carbon and sequestration project, Exxon, along with a multitude of private and public partners, would build a facility to collect emissions from refineries, petrochemical plants and other industrial facilities along the Houston Ship Channel, Joe Blommaert, president of Exxon’s new low-carbon business said in a blog post.

For ESG investors, ‘Clean Fracs’ could mitigate environmental impacts

Mason Anderson, Opportune LLP

As regulatory requirements and ESG reporting and transparency increase to address gas flaring, “clean fracs” could be one solution for upstream oil and gas companies towards an energy transition.

Equinor to share energy transition plan with shareholders in 2022

Equinor announced that starting in 2022 it will submit its energy transition plan for advisory vote to shareholders at its Annual General Meeting. Equinor will update the plan every three years for an advisory vote. Progress on the plan will be reported annually.

Biden targets oil industry’s methane emissions ahead of climate summit

Oil industry officials have encouraged the administration to seek methane reductions across the economy, including from agriculture. While some independent oil producers oppose new methane-cutting mandates, the trade group American Petroleum Institute supports explicit regulation of methane.

Shell joins key large-scale carbon capture project in the UK

Shell will team up with the UK’s biggest independent oil and gas producer Harbour Energy Plc, and the project’s developer Storegga Geotechnologies Ltd, a unit of the latter said Friday. The companies will be equal partners in the Acorn venture, it said, without disclosing potential investments from them.

U.S. startup plans to build first zero-emission gas power plants

A new kind of power plant that doesn’t add greenhouse gases to the atmosphere is being built in the U.S., potentially providing a way for utilities to keep burning natural gas without contributing to global warming.

Honeywell rolls out AI-enabled tech to support the EU’s methane emissions reduction strategy

Honeywell is launching its gas cloud imaging system in Europe to provide automated and continuous monitoring for leaks of dangerous and polluting gases such as methane at oil and gas, chemical and power generation facilities across the continent.

Repsol to furlough staff on energy transition concerns

Spanish oil refiner Repsol SA plans to furlough 830 workers at two refineries, citing a combination of lower demand due to the pandemic and uncertainty caused by the transition to cleaner energy.

House Republicans to unveil their own climate change plan

House Republicans plan to unveil their own plan to fight climate change later this month, according to three people familiar with the matter, a reflection of the pressure on the party to come up with solutions to a problem it had previously denied or ignored.

Oxy CEO opposes carbon tax plans, in contrast to API and rival operators

“A carbon tax would be bad for a lot of the industry, a carbon tax would be bad for the consumers and especially for those consumers who are more disadvantaged from an economic standpoint,” Occidental CEO Vicki Hollub said at a conference hosted by Texas Independent Producers & Royalty Owners Association.

VARD wins North Star Renewables contract for three SOVs to operate on Dogger Bank Wind Farm

VARD has secured contracts for the design and construction of three Service Operation Vessels (SOVs) for North Star Renewables in Scotland. The state-of-the-art hybrid trio will operate on the Dogger Bank Wind Farm in the North Sea.

Wärtsilä lands energy storage project at Hickory Park Solar in the U.S.

The Wärtsilä system will enable a subsidiary of RWE Renewables, Hickory Park Solar, LLC, to sell nearly 200 MW of generation from the solar PV panels to Georgia Power Company.

Nature Conservancy investigating its own sales of potentially meaningless carbon credits

Following concerns that it is facilitating the sale of meaningless carbon credits to corporate clients, the Nature Conservancy says it’s conducting an internal review of its portfolio of carbon-offset projects.

$80 billion for Amtrak? The ambitious scope of Biden’s infrastructure plan

The $2.25 trillion, eight-year proposal is a follow-up to the $1.9 trillion economic relief bill passed earlier this month. To cover the costs, Biden wants to raise corporate taxes to 28% from 21%. The plan also seeks a minimum tax on profits U.S. corporations earn overseas, increasing the rate to 21% from roughly 13%.

Biden’s $2.25 trillion infrastructure plan to focus on green energy and decarbonization

The president’s plans, part of a $2.25 trillion infrastructure and stimulus blueprint he is set to unveil in Pittsburgh on Wednesday, are meant to catalyze investments in a clean energy economy and encourage low-emission technology necessary to constrain global warming.

Baker Hughes exclusively licenses carbon capture tech from SRI International

In an agreement that further expands and complements Baker Hughes CCUS technology portfolio offering to strategically position for new energy frontiers, the Mixed Salt Process technology enables significant carbon capture separation cost reductions, providing cost savings for energy and industrial operators to decarbonize operations.