Sustainability ///

Fueling a low carbon future with methanol as a marine fuel

The maritime industry faces challenges in adopting new technologies and operational practices to reduce emissions of carbon and other greenhouse gases. Panos Koutsourakis, ABS Director of Sustainability Strategy, Singapore, explains why methanol as a marine fuel is one of the near-term solutions.

UK regulator advances lease process for two 100 MW floating wind sites in the Celtic Sea

British Isles seabed regulator The Crown Estate has confirmed an intention to move forward with the lease process for two 100MW floating wind test and demonstration sites in the Celtic Sea to Llŷr Floating Wind Limited.

Exclusive Interview: Siemens Energy’s Brath says progress being made offshore on energy storage, grids and digitalization

Bjørn Einar Brath, Siemens Energy, Oslo, Norway, Operations

Here is one industry leader’s candid assessment of steps being taken offshore to address ESG and sustainability goals in operations

A progressive approach: Why the Permian basin tells us all we need to know about methane emissions management

Ben Linke, Baker Hughes

Permian basin oil and gas companies are taking action and driving change—adopting technologies that not only reduce fuel and operational costs, but that also help reduce emissions and protect the planet.

Eni grows its European wind and solar presence in clean energy push

The transactions are the latest evidence that major oil companies are coming out of the Covid-19 downturn with the intention of channeling extra investment into renewable energy. Eni, like its European peers, has pledged to achieve net-zero carbon emissions by the middle of this century.

Shell to appeal Dutch court decision mandating faster carbon cuts

Royal Dutch Shell said it will appeal a ruling by a Dutch court which ordered it to cut its carbon emissions by 45% over the next decade.

IEA projects record GHG emissions by 2023 without more government spending

Less than 15% of the $2.4 trillion in government spending to support the post-pandemic economic recovery has gone to investments in clean energy, according to the International Energy Agency.

Chevron working to improve performance at world’s largest carbon capture project

While Chevron has sequestered almost 5 million tons of carbon dioxide at its Gorgon liquefied natural gas export plant in Australia thus far, that volume is short of a target to capture an average 80% of emissions in the first five years of the LNG facility’s operation.

Kuwait opens first LNG import facility in push for greener electricity

Kuwait has opened its first permanent facility to import liquefied natural gas, as oil-rich Persian Gulf states accelerate efforts to wean their power plants off crude and use cleaner forms of energy.

Shell sees a profitable future for carbon capture and storage as a service

Capturing greenhouse gas emissions and burying them underground is one way the world is hoping to slow global warming. It also could be a money-maker for the oil and gas firms developing the technology.

Vard Electro to deliver first multi-mode battery technology vessel for Canadian oil and gas

Vard Electro has been awarded a contract for an innovative hybrid battery power system with Atlantic Towing to be integrated on their vessel Atlantic Shrike. Atlantic Towing is the first company to implement this multiple mode application of battery technologies on a single vessel in the Canadian offshore oil and gas industry.

Seneca Resources, NexTier to develop comprehensive emissions testing for well completions work

This carbon emissions assessment is expected to be the most comprehensive testing of real-time well stimulation operations performed within the industry to date, with independent third-party testing to be performed for each of these technologies during Seneca’s field operations.

Energy transition may hit Russia in the pocketbook, warns finance minister

Russian Finance Minister Anton Siluanov warned the Kremlin needs to brace for falling revenues after a stress test showed the global clean energy push could lead to a significant decline in demand for fossil fuel exports.

Net-zero emissions from oil sands to cost $60B, say Cenovus, Suncor CEOs

To achieve the goal announced last month, about half of the emission cuts would need to come from capturing carbon at oil sands sites and sequestering it deep underground, which may require as much as two-thirds government capital like in Norway, Mark Little, chief executive office of Suncor Energy Inc., said in an interview.

Equinor brings pioneering Martin Linge oil and gas field online

The Martin Linge field is powered from shore, resulting in low CO2 emissions, and operated from its onshore control room. Expected recoverable resources are approximately 260 million barrels of oil equivalent.

NOV tapped to deliver flotation and mooring systems for windfarm offshore Scotland

Green infrastructure developer Cerulean Winds has named NOV as the first of its delivery partners for the fabrication of its proposed integrated 200-turbine floating wind and hydrogen development off the coast of Scotland.

EQT sets ambitious net zero goals for its natural gas operations

EQT. Corp., America’s largest natural gas driller, set a target to zero out emissions from its own operations and energy use in just four years. The harder part will be tackling pollution from customers, a problem the producer is still mulling.

Baker Hughes takes a stake in synthetic natural gas startup

Baker Hughes is taking a 15% stake in a startup that aims to produce natural gas from hydrogen and carbon dioxide, the oilfield service company’s latest move to invest technology designed to capture emissions.

The last barrel

Craig Fleming, World Oil

Reality versus la-la-land

The ESG perspective

Mark Patton, Hydrozonix

As this is the introductory column on Environmental, Social and Governance (ESG) concerns, I would like to first discuss some of what brought us to where we are today. Many will tell you that a book by David Jones, Who Cares Wins, first published in 2011, started the latest drive for responsible investing that progressed into responsible management of corporations.