Saturday, August 8, 2020

Greenhouse Gas News

Chevron CEO Sees Continued 'Choppy Economic and Price Activity'

Mike Wirth (Photo: Chevron)

The chief executive of U.S. oil giant Chevron Corp on Monday said the uncertainty of the COVID-19 pandemic has it planning for "choppy" oil prices and economic activity globally.Chevron said…

This Energy Source Can Support Your Sustainability Goals Without Wrecking Your Budget

Photo courtesy of PERC

Port operations are so all-encompassing and downright dynamic that they operate almost like miniature cities. So it’s no surprise these key transition points in the global supply chain are…

Shell to Write Down $22B in Wake of Coronavirus

Shell Logo / Image by Alexandr Blinov - AdobeStock

Royal Dutch Shell said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked oil and gas demand and weakened the energy price outlook.The impairments…

Gunvor Returns to Profit in 2019

© Andrea Izzotti / Adobe Stock

Energy trader Gunvor Group returned to profit in 2019 after its first net loss a year earlier, helped by record earnings in its U.S. division, and said business so far in 2020 remained strong.The Geneva-based firm…

Norway Earmarks $369M for Green Industry Investments

Image for illustration; Credit: Equinor

The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government…

Denmark Proposes Two Giant Wind Energy Islands

Image by nuttawutnuy/AdobeStock

Denmark on Wednesday proposed a more than tripling of its offshore wind capacity by building two energy islands linked to new wind farms in the Baltic and North seas to help to meet climate…

Technology: Greenhouse Gas Emission Capture and Storage to the Fore

Hydrate crusts formed within ocean floor sediments ensure the encapsulation and safe and effective containment of captured CO2. Image: MDC

Greenhouse gas emissions capture and storage may be a more practical alternative to emissions reduction for meeting the IMO’s 2050 CO2 target. Tom Mulligan reports.Shipping emits close to 1…

Shell Cuts Dividend for First Time Since World War Two

Shell logo - Image Credit: Alexandr Blinov / AdobeStock

Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus…

Shell Sets Oil Sector's Broadest Carbon Reduction Plans

Image Credit: NicoElNino - Adobe Stock

Royal Dutch Shell on Thursday deepened its ambition to battle climate change, setting the oil and gas sector's broadest plan to reduce greenhouse gas emissions to net-zero by 2050.The new climate…

A&P Group Now Works on Renewables Only

Image: A&P Group

The global ship repair, conversion and fabrication specialist A&P Group is now using 100% renewable energy across all three of its facilities as it aims to improve its green credentials and…

Taiwan Gets 1st Carbon Neutral LNG Shipment

Image: Shell

Taiwan accepted its first carbon neutral shipment of liquefied natural gas (LNG). State-owned CPC Corporation, a natural gas, and gasoline company in Taiwan announced receipt of LNG cargo from…

ExxonMobil Calls for Tighter Methane Regulations

© Alexey Novikov / Adobe Stock

ExxonMobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide.The largest U.S. oil…

Global LNG Demand to Double by 2040: Shell

Image: Shell

Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report.According to the forecast by Shell…

Kongsberg, Zero Join Forces for Renewables

MS Roald Amundsen is the first of two hybrid ships Hurtigruten will add to its fleet over the next few years. Innovative sustainable technology from Kongsberg Gruppen reduces fuel consumption and CO2-emissions on the ships by 20 percent. Image: Kongsberg Gruppen

International marine technology group Kongsberg Gruppen and  Zero environmental foundation signed a three-year collaboration agreement.The main intentions of the collaboration are to create…

Offshore Wind to Hydrogen Project Progresses

Image: Ørsted

The next phase of Gigastack, a renewable hydrogen project, has secured GBP 7.5 million funding as part of the UK’s Department for Business, Energy and Industrial Strategy (BEIS) Hydrogen Supply Competition.The Gigastack project…

CMA CGM Joins Energy Observer in Hydrogen Project

Image: Energy Observer

French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of hydrogen as a marine fuel.Energy Observer, formerly a racing catamaran…

ABS Grants AIP to KHI's LPG System

Image: Kawasaki Heavy Industries

ABS, a global provider of classification and technical advisory services to the marine and offshore industries, has granted Approval in Principle (AIP) to Kawasaki Heavy Industries, Ltd. (KHI)…

LNG and Shipping Decarbonisation Target

Image: International Council on Clean Transportation

Though liquefied natural gas (LNG) could help the shipping industry to reach its decarbonization target, it could wreck the climate, finds a study.According to a research by the International Council on Clean Transportation (ICCT)…

Ørsted Tops World's Sustainable Companies

Image: Ørsted

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

(Photo: Cenovus Energy)

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…