Just five of the 39 largest oil and gas companies have announced carbon-reduction targets that match levels needed to avoid a 2-degree Celsius temperature increase. And only 20 have taken initial steps to disclose how they plan to lower emissions produced by both their operations and electricity use, known respectively as Scope 1 and Scope 2.
Oil rose to $45 a barrel in London for the first time in 10 weeks as an apparent drop in U.S. crude stockpiles added to the rally driven by a vaccine breakthrough.
There’s a danger that the deployment of hydrogen technology could be impacted by wider “government indecision” around what the future energy mix will look like.
What the future might hold for exploration geology in the oil and gas industry is as unclear as it is for the majority of other professions in the energy sector.
President-elect Joe Biden plans to push for the most progressive climate policy the U.S. has ever had, aligning the world’s second-largest carbon emitter with a growing group of nations aggressively tackling global warming.
Renewable energy operator Red Rock Power has formed a 50:50 joint venture with Irish energy group ESB for Inchcape Offshore Limited and its major offshore wind development.
A multi-million pound project to replace one of the two submarine electricity distribution cables connecting Orkney to mainland Scotland has been completed.
The number of public listed North Sea operators that could be a suitable fit for a reverse takeover have “diminished significantly”, according to an industry experty.
Oil and gas bosses are confident the revamped Aberdeen Science Centre will encourage youngsters to learn about the “vital role they can play” in the energy transition.
Shell has moved to reassure offshore workers that they will receive their full day rate, even if they’re forced to return home due to Covid-19 concerns.
The Economy Secretary is being urged to be transparent over the decision making process which led to the Scottish Government withdrawing its support for Burntisland Fabrications (BiFab).