UK oil, gas and chemicals: How can the sector ensure its workforce is ready for net zero?
2050 sounds a long way away but in reality, it's not.
net zero
Woodside sets new emissions targets for Pluto LNG
Australia’s Woodside has set new interim and long-term targets to hit net zero greenhouse gas emissions by 2050 at its Pluto liquefied natural gas (LNG) export project.
The case for data decarbonisation – Part one
This is the first in a series, by Snowflake, examining the concept of net zero data and how advances in technology can help the world’s largest organisations—especially those which are particularly emissions-intensive like oil and gas—reduce the carbon emissions footprint of their data.
BP CEO calls IEA scenario ‘credible’ despite planning more oil and gas projects
The CEO of BP has described an IEA net zero scenario calling for the end of new oil and gas projects as “credible”, despite the firm planning major fossil fuel developments.
Malaysia’s Petronas doubles profits, eyes net zero
Malaysian national oil company (NOC) Petronas reported that profit after tax more than doubled year-on-year to MYR 9.3 billion ($2.26 billion) for the first quarter of 2021 on the back of recovering commodities prices and lower costs.
CCS is crucial for BP and Repsol investments in Indonesia
Proposed new regulations signal that the Indonesian government appears to have recognised the importance of supporting carbon capture and storage (CCS) schemes. Such regulations will be crucial to encourage major companies, such as BP and Repsol, to invest in significant new upstream production in Indonesia.
Total completes TotalEnergies rebrand
Total has officially changed its name to TotalEnergies as part of efforts to reflect its net zero ambitions.
Ørsted and POSCO team up for South Korean offshore wind and hydrogen
Denmark-based renewable energy developer Ørsted and South Korean conglomerate POSCO have signed a memorandum of understanding to expand their relationship as the North Asian nation seeks to significantly boost its offshore wind capacity.
Japan’s Inpex pledges to support carbon reduction projects in Australia
Japanese upstream player Inpex will provide A$1.5 million ($1.162 million) in research funding to Future Energy Exports Cooperative Research Centre (FEnEx CRC) to help develop new technologies that will lower the cost and carbon emissions of energy production in Australia.
£400m to build a greener recovery with fair salaries
Development agency Scottish Enterprise (SE) has announced it will spend £400 million in the next year safeguarding and creating employment.
‘Competition for space’ between CCS and offshore wind in North Sea
CCS and offshore wind, a pair of key decarbonising technologies, are in “competition for space” in the North Sea causing a regulatory headache, according to an industry leader.
IEA net-zero roadmap has no place for further oil and gas exploration
A landmark International Energy Agency (IEA) roadmap says no new oil and gas fields should be developed – beyond those already sanctioned -- if the global energy sector is to achieve net-zero emissions by mid-century.
Germany targets more ambitious 2045 net zero emission goal
Germany plans to pull forward its transition to climate neutrality by five years to 2045, responding to a legal rebuke that its current goals violate the rights of young people and children.
Is it time to address your Net Zero Strategy?
The UK government has announced that UK carbon emissions are to be cut by 78% by 2035. Achieving this requires businesses of all sizes to make substantial changes in reducing their emissions and offsetting what cannot practicably be reduced.
North Sea operator sells ‘world’s first’ certified, carbon neutrally produced oil
North Sea operator Lundin energy has traded the world’s first ever certified, carbon neutrally produced oil.
Scottish Engineering launches net-zero skills support programme
Scottish Engineering (SE) is today launching a net-zero skills support programme for the sector in Scotland.
Commission calls for ‘skills guarantee’ to help oil and gas workers make transition
The Scottish Government should create a “skills guarantee” to help workers make the leap from oil and gas to low-carbon sectors, an independent group of experts has advised.
Total says Reclaim Finance, Greenpeace report contained numerous inaccuracies and falsehoods
Energy giant Total said today that a report into its climate commitments contained “numerous inaccuracies and falsehoods”.
Drive to net zero threatened by emissions from homes, MPs warn
The Government's legally-binding target to get to net-zero emissions by 2050 will be missed without urgent action to "decarbonise" the UK's housing stock, MPs have warned.
Digital energy networks are the missing piece in our journey to net zero
From heat pumps to electric vehicles (EVs), recent months have seen a flurry of pledges from the government geared towards decarbonisation of the energy system. The latest came in the Chancellor’s Budget, which included increases in spend on energy innovation and high-tech projects and prototypes. While this level of ambition is welcome, the reality is that even if the entire UK population shifted to electric heating and EVs, our outdated energy networks could not meet this new level of demand for electricity. If the UK is serious about speeding up the decarbonisation of transportation and domestic energy use, the digitisation of networks should be at the top of the to-do list.
North Sea’s ‘fragile confidence’ would be undermined by exploration ban, warns industry expert
A ban on future exploration licences would “undermine the fragile confidence” within the oil and gas sector, an industry expert has warned.
UK ministers consider ban on new North Sea exploration – report
UK ministers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that could hit jobs and the Scottish economy, the Telegraph reported.
Total and Microsoft form partnership to support digitalisation and net zero ambitions
Total and Microsoft have formed a strategic partnership to further digital transformation and support progress toward net zero emissions.
Japanese trading houses accelerate coal exit
Sojitz, a major Japanese trading house, has announced it will accelerate its exit from thermal coal by halving its investments in projects by 2025 and eliminating them entirely by 2030.
BP abandons trio of Kazakhstan oil projects amid green push
BP abandoned three oil projects in Kazakhstan after it changed strategy to concentrate on renewable energy and its existing ventures.