Equinor’s decarbonisation plans ‘misleading yet promising’, shareholder activist says
Equinor's newly announced decarbonisation plans are "misleading, yet promising", according to the leader of a oil and gas shareholder activist group.
net zero
Opportunity to ‘reimagine’ North Sea for net zero says OGTC chief
The biggest change I have seen in 2019 is the move by the oil and gas industry towards a net zero future. There have been many factors that have influenced this change, from the social public push through to the active and engaged conversation the industry has been having around Roadmap 2035 (what we will look like in 2035).
VIDEO: Oil and Gas UK reflects on major developments of 2019
As 2019 comes to a close, the UK energy sector trade body has produced a video highlighting some of the main developments for the industry over the last year.
The Net Zero Energy conundrum
Global energy demand has been rising inexorably for well over 30 years – from around 8 billion tonnes of oil equivalent in the early 1990s to nearly 14 billion tonnes of oil equivalent today. The rate of increase was 2-3% per annum until 2000 but accelerated to nearer 5% per annum since then as large populations in China and India got wealthier.
North Sea industry transition to continue in 2020
The North Sea oil industry has been in transition for some years following the collapse of oil prices in late 2014. Large cost reductions have been painfully achieved. Production has increased due to a combination of new fields coming on stream plus a substantial increase in production efficiency to around 75%. But new field investment expenditure has fallen dramatically since 2015 and exploration remains at a relatively low level reflecting principally the maturity of the province as well as oil and gas prices far below their pre-2015 levels.
Shell ‘stands ready to support’ Scotland’s net-zero plans, North Sea boss says
2019 has been a year where the energy transition has very much come to the fore.
Shell inks new $10bn credit facility to progress to net carbon footprint
Oil and gas giant Shell has announced the agreement of a new $10 billion revolving credit facility to help progress the firm towards its net carbon footprint.
Unpopular maybe, but lower speed limits good for planet
The following figure is from the Government produced ‘UK greenhouse gas (GHG) emissions national statistics 1990 – 2017’. The bar chart shows the main sectors contributing to GHG emissions.
New net zero hub could cut carbon and safeguard jobs, Equinor and Drax claim
Creating the "world's first net zero carbon industrial cluster" could help protect thousands of jobs and make a major impact to cutting emissions, its backers said.
Necessity is the mother of invention when it comes to CCUS
If necessity is the mother of invention, the Committee on Climate Change’s “Net Zero – The UK’s contribution to stopping global warming” report should spur a jump-start for the carbon capture, usage and storage (CCUS) industry in the UK.
Grasping the ‘net zero’ nettle
The Oil & Gas Technology Centre is planning to set up a Net Zero Solution Centre with a view to making the UK Continental Shelf the first net zero oil & gas basin globally.
How the UK can meet its commitment to a net zero future
In June this year, the UK became the world’s first major economy to commit to a target of net zero emissions by 2050.
European climate push likely to stop short of net-zero pledge
European Union leaders plan to underscore the importance of the fight against climate change when they meet next week, though their words will stop short of a mandate to move toward zeroing out fossil fuel emissions.
UK to make net zero emissions law
The UK is to set a legally binding target to end its contribution to climate change by 2050, Prime Minister Theresa May has announced.