Sustainability
News
February 09, 2021
Total SE bucked the trend of a disappointing fourth quarter for Big Oil, reporting earnings that exceeded expectations and pledging more cash for cleaner energy.
Webcast
Frac Challenges - reaching ESG targets and higher profitability
March 11, 2021
MTU, CUDD
Today's modern fracturing fleets are expected to deliver the highest level of performance, productivity, efficiency and reliability. E&P's require a diversified fleet which can handle multiple pumping scenarios without having to change equipment or book separate specialized fleets, while also achieving emissions reduction targets driven by ESG goals/initiatives. CUDD Energy Services chose mtu’s 16V 4000 T95 3000HP Tier 4 engine for this reason. Legendary performance, efficiency and reliability – mtu’s experience in the industrial diesel engine market aims to deliver solutions that address service companies expanding needs and challenges in today's market. Join mtu and CUDD to discuss their Tier 4 fleet expansion and learn more about how a single fleet can cover any pumping scenario.
News
February 01, 2021
The transaction between Oxy and India's Reliance Industries is the energy industry’s first major petroleum shipment for which greenhouse gas emissions associated with the entire crude lifecycle, well head through combustion of end products, have been offset.
News
January 29, 2021
America is the world’s biggest consumer of crude oil, and any restrictions of domestic production will mean more will have to be shipped in from other countries with less stringent humanitarian and environmental laws.
Webcast
How Digital Capital Projects Accelerate Innovation and Time to Sustainable Facilities
February 25, 2021
AVEVA
In the times of energy transition, the need to drastically reduce emissions associated with oil and gas production and refining is forcing the industry to accelerate its strategies for capital projects and operating facilities with sustainability at the forefront. The growing demand to meet increasingly stringent environmental standards is fuelling new capital on a global scale and digitally mature companies have the advantage.
Join World Oil and our industry experts, Duncan McLachlan from io consulting, and Amish Sabharwal from AVEVA to learn how:
• Sustainability and Net Zero Facilities are becoming business reality,
• Digital capital projects can accelerate innovation and increase efficiency, and
• A systems approach can reduce CAPEX emissions by 17% and operational emissions by 76% with only a 2% increase in total expenditure.
News
January 29, 2021
Keppel Offshore & Marine will exit the offshore rig building business, after completing the existing rigs under construction, the company said in a statement.
News
January 28, 2021
When President Biden banned fossil fuel leases on federal lands, he left out coal -- the fossil fuel most widely blamed for global warming. It was a conspicuous omission for a president who has vowed to make the electric grid carbon-free by 2035 and who has said the world’s “future rests in renewable energy.”
News
January 26, 2021
The U.S. Energy Information Administration expects total energy-related CO2 emissions to increase to 4.8 billion metric tons in 2021 and 4.9 billion metric tons in 2022.
News
January 26, 2021
A record two-thirds of senior oil and gas professionals report that their organization is actively adapting to a less carbon-intensive energy mix in 2021, up from just 44% in 2018. Some 57% plan to increase investment in renewables, up from 44% last year, about half expect to increase investment in green or decarbonized gas.
News
January 25, 2021
Europe’s three largest oil and gas companies -- Total, BP and Royal Dutch Shell -- all announced plans last year to eliminate most greenhouse gas emissions from their operations and the fuels they sell in the coming decades. It marked a turning point for the petroleum industry in the region, and heightened its divergence from U.S. majors that have yet to make such pledges.
News
January 22, 2021
As chairman of the U.S. Federal Energy Regulatory Commission, Richard Glick can push for more comprehensive environmental reviews and prioritize projects to pave the way for more of the wind and solar farms key to Biden's 2035 clean energy targets.
News
January 19, 2021
The United Arab Emirates will use carbon-capture technologies to create what’s known as blue hydrogen on its path to becoming a major exporter of the fuel, Sultan Al Jaber, CEO of Abu Dhabi National Oil Co., said at a virtual conference on Tuesday.
News
January 18, 2021
Agriculture remains the largest source of human-caused methane emissions, while the energy sector comes next. Oil production is responsible for around 40% of the energy industry’s methane emissions, with the natural gas value chain accounting for the remaining 60%.
News
January 15, 2021
The UN Principles for Responsible Investment estimates that some 42 companies announced net-zero targets in 2019 and 2020. More than half of those plan to plant trees, preserve forests or capture CO₂ in order to get there, even as their own businesses continue to warm the atmosphere.
News
January 15, 2021
Total announced that it would not renew its membership in the American Petroleum Institute in 2021, saying that the company's stances on climate change and political affiliations are no longer in line with the U.S.-based energy group.
News
January 14, 2021
Over the long-term, the impacts of behavioral shifts due to COVID-19 are minor compared to “known” long-term shifts such as decreasing car ownership, growing fuel efficiencies and a trend towards electric vehicles, whose impact is estimated to be three-to-nine times higher than the pandemic’s by 2050.
News
January 11, 2021
The 23rd World Petroleum Congress – with the theme Innovative Energy Solutions will provide the platform for open dialogue between consumers and producers, governments and industry, academia and financiers, leaders and society, in order to address these issues and present debates, developments and solutions for sustainable production and use of the world's energy resources.
News
January 11, 2021
The publisher of Petroleum Economist, the leading global information service for the full hydrocarbon value chain, is bringing the same analytical depth and rigorous editorial standards to two rapidly-evolving sectors, the energy transition and the emerging hydrogen economy.
News
January 08, 2021
The prince's plan to diversify the economy of the world’s largest crude exporter spans more than 10,000 square miles in a remote area of Saudi Arabia's northwest. It’s described on its website as “a bold and audacious dream” that will become a hub for new technologies and businesses.
News
January 08, 2021
After a landslide victory in 2018, Mexico's president has cut the knees off a booming renewables market, plowed money into Pemex, and pursued two major infrastructure projects that environmentalists consider ecological disasters.
