Updated: Ambitious BP aims to become a net-zero company by 2050
BP has unveiled ambitious new plans to slash its carbon emissions in a move that will lead to an overhaul of the UK oil giant’s structure.
energy transition
You need to be ‘on the boat’ if you want to make a difference in energy transition
If you want to make a difference, you need to be “on the boat”, according to BP’s Kirsty Salmon.
Energy markets need winter, and climate change is taking it away
Even before the deadly virus struck, another menace confronted the global energy industry: the warmest winter anyone can remember.
Equinor to shake up oil portfolio, aims to become ‘offshore wind major’
Norwegian energy giant Equinor has outlined plans to become a global offshore wind “major” by 2026 as it looks to "shape its portfolio" in line with the Paris goals.
‘Hard decisions’ coming for firms too reliant on North Sea oil, OGUK boss warns
“Hard decisions” are going to have to be made by firms that are too reliant on North Sea oil, according to a director at Oil and Gas UK (OGUK).
Energy Transition: Changes, challenges and opportunities
The current energy transition is shaking the foundations upon which the oil and gas industry is built. In the UK, one such foundation is the Oil and Gas Authority’s maximising economic recovery UK (MER UK) strategy.
BP energy transition boss teases ‘more to follow’ on eve of Bernard Looney’s coronation
A BP boss in charge of energy transition efforts has teased “more to follow” on the eve of Bernard Looney’s coronation as chief executive.
UK subsea engineering sector set for jobs boom, report says
“Rejuvenated” UK subsea energy engineering firms are preparing for a recruitment drive expected to deliver a major jobs boost for the sector, a new survey says.
Roadmap for an industry in action
The UK Continental Shelf’s attractiveness to investors results from a combination of compelling attributes: A competitive fiscal regime, a highly skilled supply chain and the remaining billions of oil and gas barrels that are still out there.
The messy business of the energy transition
Oil and gas companies do have some advantages in terms of tackling the energy transition, but there are pitfalls along the way and the process will be messy, speakers at a CMS event launching a new report said.
RenewableUK deputy chief leaves to lead Energy UK
The deputy chief executive of RenewableUK is to leave to head up trade association Energy UK.
Simplification, sales and scope 3: Key priorities for BP’s new CEO
BP’s new CEO needs to “push” the energy transition agenda further to stop the supermajor falling foul of investors, particularly in Europe, analysts have said.
BP’s Bernard Looney joins ‘Insta’
It’s apparently not the traditional approach for the top dogs of major oil companies, but maybe it’s time to break the mould.
BP’s unicorn seeker not afraid to back the occasional wrong horse
BP has set itself a challenge of creating five “unicorn” companies - valued at more than $1 billion - in the next five years to address the “dual challenge” of supplying more energy with fewer emissions.
Woodmac exploration outlook: Move from ‘Big Oil to Big Energy’ under way
The move from “Big Oil to Big Energy” is under way as the energy transition puts extra pressure on explorers, an analyst has said.
IEA spells it out – Big Oil must make the Great Transition
Big Oil doesn’t have a choice; either it gets serious about the necessary transition to low carbon energy or mounting public fear fuelled by the impacts of the deepening climate crisis will eventually force drastic change.
Vestas takes most radical step yet toward zero turbine waste
Vestas Wind Systems, the world’s largest maker of wind turbines, has pledged to eliminate all waste in the production of its machines by 2040 as part of its drive to hit carbon neutrality by the start of the next decade.
‘Few signs’ oil firms shifting spending habits to help tackle climate change, IEA warns
Oil and gas companies have provided “few signs” that they are willing to devote enough cash to tackling climate change, a new report said.
Climate change, my daughter and me
I recently addressed a room of industry leaders and when deciding what to say, I thought I'd begin by discussing one of the defining issues of our time: the dual challenge of providing more energy with fewer emissions.
Green hydrogen could price gas out of power markets by 2050
Power plants that run on hydrogen could be cost-competitive with those using fossil fuels by the middle of the century if governments double the cost of carbon pollution.
Equinor picks Aker Solutions for power-from-shore project
Equinor has picked Aker Solutions to carry out a front-end engineering and design study for topside modifications to accommodate power from shore at the Troll B and C platforms.
BlackRock puts climate at centre of $7 trillion strategy
Larry Fink struck an urgent note in his annual letter to America’s corporate executives: Climate change will upend global finance sooner than they might think.
OGA chairman Eggar looks eager to embrace future
In March last year one of the most charismatic figures to hold office as an energy minister in the UK became chairman of the Oil and Gas Authority (OGA).
Exploration in 2020: Transition, what transition?
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Reasons for optimism: Taking stock of carbon reduction achievements and possibilities
As we enter a new decade, I’m sure I’m not alone in reflecting on matters that are personally important, together with major issues that impact on society, the environment and the economy.