In the energy sector, as elsewhere, fundamental change happens slowly … until it happens all at once. We are witnessing just such a dynamic as energy companies adopt new or more ambitious goals to achieve “Net Zero” greenhouse gas (GHG) emissions in the run-up to COP26 in Glasgow.
The UK’s oil and gas industry faces worrying workforce shortages if current skills gaps are not addressed, the ECITB’s 2021 Workforce Census suggests.
Eni is working on net zero plan for its Baleine discovery, offshore Cote d’Ivoire, in a pioneering industry move.
Australia, one of the world’s top per-capita polluters, finally agreed to a plan to zero out its carbon emissions by 2050 but fell short of committing to harder short-term targets demanded by climate activists.
A renowned Scottish distillery has unveiled multi-million pound plans to install a biomass facility in order to decarbonise its operations.
Saudi Arabia, the world’s largest oil exporter, committed to ending planet-warming emissions by 2060 but made clear the new plan won't work if the country is stopped from continuing to pump millions of barrels a day for decades.
India plans to take more ambitious climate action by 2030, even as the nation pushes back against pressure to set a target for net-zero greenhouse gas emissions.
Progress towards a clean energy system is “still far too slow” to be compatible with net zero by 2050, a report has claimed.
Energy logistics firm Peterson has announced its goal to become carbon neutral by the end of 2022.
Subsea 7 (OTCM: SUBCY) has revealed plans to achieve net zero emissions from its own operations by 2050.
Chevron committed for the first time to an aspiration of net zero emissions from its operations as the company responded to rising investor and societal pressure to play a bigger role in a transition to a low-carbon future.
For decades now oil and gas companies have been focused on making the decisions that matter when it comes to safely maximising production from their assets. But now there is a pressing need to also minimise the environmental impact of those operations. And the pressure to cut emissions is mounting by the day.
“We know we have to go through the energy transition ourselves, but we obviously have to help our clients through it too.”
ESG. It’s an acronym we are all familiar with now, but does that mean that it’s an entirely new concept? Of course not, but there’s no denying that it has moved its way up the agenda with considerable speed, particularly as the energy transition becomes a part of our daily lives.
You do not have to look far to find arguments that the UK is more polarised than it has been for decades.
Like many other global businesses, we have made our own commitment in the drive towards net zero. For us, it is that we will be a carbon neutral business before the end of 2022. The big question then is, how will we get there?
Findings from the ECITB’s new Workforce Census suggest the engineering construction industry headcount is on course to return to pre-Covid levels by 2023. But the scale of recovery may not be enough to deliver the volume of engineers needed for net zero and prevent future labour shortages.
The UK has set the goal of reaching Net Zero by 2050. To achieve this outcome, the country must tackle both supply and demand, while also overseeing far-reaching changes in how energy is delivered. Crucially, we must do all of this working within the constraints and opportunities associated with our existing energy system infrastructure.
The UK’s new energy minister has described offshore wind as the “lynchpin” in bringing emissions down to net zero.
Global energy companies are shifting to ESG investing; but what are the drivers to decarbonise and the innovative approaches being deployed? In this new series, Mike Scott takes the temperature of the industry’s response to date, as well as the challenges ahead that this shift will present.
A “massive redirection” of spending from carbon-heavy investment into clean energy is needed if the Paris Agreement is to be reached.
Shell has awarded a contract to Singapore company, Penguin International, to design, build and operate at least three fully-electric ferries which, when operational, will be the first fully-electric ferry service in Singapore and a first for Shell globally.
Brexit is undermining the battle against the climate emergency, a senior SNP government minister warned.
Ocean Winds (OW) and Aker Offshore Wind (AOW) have pledged to create thousands of high-skilled jobs in Scotland if they're given the green light to build what would be the UK’s largest floating offshore wind development off the north-east coast.
Business advisory and accountancy firm Johnston Carmichael has a created a new expert team focussed on the energy transition.