The rate is well below that needed to achieve climate change goals, the group warns.
Coal, oil and gas output by 2030 will double what is needed to slow global warming.
Pioneer Natural Resources Co. set targets to reduce its greenhouse gas and methane emissions on Dec. 2, becoming the latest oil and gas company to set long-term climate goals.
A roundtable of oil and gas experts from Range Resources, Quantum Energy Partners and Babst Calland offered insights on why ESG dialogue is central to investment dollars during Hart Energy’s DUG East and Marcellus-Utica Midstream Virtual Conference.
Enel, one of the world's biggest renewable energy companies developing green hydrogen projects in Spain, Chile and the U.S., agreed to work with Eni on plans to supply green hydrogen to two refineries in Italy.
Saudi Aramco is deploying sustainable measures to develop the full potential of the massive gas reserves of the Jafurah field in eastern Saudi Arabia.
Global carbon capture and storage capacity grew by a third in the past year, but it was far too slow to meet global climate targets, the Global CCS Institute said on Dec. 1.
Baker Hughes successfully tests and distributes hydrogen-blended gas turbine.
The new solution offers offshore and on-land operators the necessary monitoring measures with a reduced cost and environmental impact of their CCS facilities.
U.S. energy company Sempra Energy said Nov. 23 that two of its California utilities were developing a program to use surplus renewable power to produce green hydrogen that can be injected into the natural gas grid to help to reduce carbon emissions.