Ørsted Tops World's Sustainable Companies
The global leader in offshore wind Ørsted becomes the first-ever energy company to top a index.The Denmark-based global power company has outperformed more than 7,300 global companies with…
Cenovus Energy Sets Out to Slash Emissions
Canada's Cenovus Energy on Thursday unveiled plans to reduce per-barrel greenhouse gas emissions by 30% by the end of 2030, as the country's oil industry faces growing pressure from environmental…
Norwegian PM Opens Johan Sverdrup Field
Norway's prime minister Erna Solberg has opened the Johan Sverdrup field center, and the Minister of Petroleum and Energy, Sylvi Listhaug, also attended the opening.Since Equinor and the Johan Sverdrup partners Lundin Norway…
Equinor Targets Zero Emissions
Norwegian oil producer Equinor aims to cut greenhouse gas emissions generated at offshore fields and onshore plants in Norway by about 40% in the coming decade and to near zero by 2050, it said on Monday.The cuts could allow Norway…
Equinor, Rosneft to develop Arctic oilfield
Russia's Rosneft and Norway's Equinor have agreed details on how to develop an Arctic Siberian onshore oilfield, they said on Monday, their first joint investment since agreeing a strategic…
Ørsted Secures Funding for Hydrogen Pilot
Offshore wind developer Orsted has secured funding for a demonstration project using offshore wind power to produce renewable hydrogen to power.Seven industrial partners have been awarded funding…
Schlumberger Commits to Emissions Reductions
Oilfield services firm Schlumberger announced its commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions, in line with the goals of the Paris Agreement to…
UK Affirms 40 GW Offshore Wind Goal
The British Queen, in her speech to both houses of United Kingdom (UK) parliament, revealed that the UK’s target for installed offshore wind energy has been raised to 40 GW by 2030, and that…
Majors Face New Shareholder Climate Resolutions
An activist group is increasing the pressure on five big U.S. and European oil companies with shareholder resolutions urging them to meet the Paris climate goals and cut carbon emissions.Dutch group Follow This is targeting U.S.
LNG Suited for Select VLCC Routes
SEA\LNG has released the results of its third investment study, which underlines liquefied natural gas (LNG) as a compelling investment solution for Very Large Crude Carriers (VLCCs) on the…
Saudi Aramco Sets Record $25.6 Bln IPO
State-owned oil giant Saudi Aramco's initial public offering (IPO) will be the biggest in history, but will fall short of the towering $2 trillion valuation long sought by Crown Prince Mohammed…
Ørsted, Covestro Ink World's Largest Offshore Wind PPA
Polymer materials supplier Covestro has signed a 10-year corporate power purchase agreement with Ørsted to buy the output of 100MW from the planned Borkum Riffgrund 3 offshore wind farm, expected to be fully commissioned in 2025…
Energean Targets Net Zero Carbon Output by 2050
Mediterranean-focused oil and gas producer Energean has joined a U.N.-backed initiative and committed to reducing its net carbon emissions to zero by 2050, its chief executive said on Monday.Oil and gas producers have come under heavy
K Line, FueLNG Team-up on LNG Bunker
Japanese shipping firm Kawasaki Kisen Kaisha (K Line) has announced that it has concluded a ship management agreement with FueLNG Pte Ltd for a 7500 m3 LNG bunkering vessel (LBV).FueLNG will own and operate the vessel…
France Plans 1 GW Offshore Wind Farm
France wants to construct a wind farm off the coast of Normandy as the nuclear-dependent nation moves to expand power generation from renewable sources, the energy ministry said on Monday.The…
San Diego Port Buys Eco-Friendly Fleet
The Port of San Diego in the US is planning to purchase seven vehicles for its work fleet that will run on renewable diesel fuel, in its efforts to act as an environmental champion of San Diego…
Norway Supports GreenVoyage-2050 Project
Partnerships and innovations are essential to combat climate change through reductions in GHG emissions. Norway has provided an additional NOK 40,000,000 (US$4.3. million) to the International…
Oil Is Our Gold and We Aim to Use All of It -ADNOC
Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.The world's…
Containership to Convert to Synthetic Fuel
ROTTERDAM – Today in Rotterdam Wessels Marine and MAN Energy Systems announced an innovative project to convert the containership Wes Amelie to run on Synthetic Natural Gas (SNG).While SNG…
Saudi Aramco Targets Zero Flaring
Saudi Aramco said on Wednesday it was joining the World Bank's initiative to reduce gas flaring to zero by 2030 and said its flaring was already less than 1% of its total raw gas production in the first half of 2019.Aramco kick-started
