Discussions at this year’s IP Week, including from IEA’s Fatih Birol, illustrated the increasing sense of urgency among the oil and gas industry in addressing climate issues.
Global and domestic initiatives facilitate emissions capture for storage and reuse in energy development.
Western Energy Alliance and two other U.S.-based trade organizations do not “share our ambitious and progressive approach to the energy transition,” says BP CEO Bernard Looney.
From renewable power projects to cutting emissions from oil and gas operations, supermajors on both sides of the Atlantic are taking different approaches to going greener.
The IRS and U.S. Treasury Dept. have not yet issued final rules on exactly how to implement these credits, causing proponents of carbon capture, use and storage technology a great deal of frustration.
FERC says it is protecting competition; clean energy groups say it will make it harder for state to meet greenhouse gas reduction targets.
Pioneer Natural Resources CEO Scott Sheffield called on oil and gas investors to sell shares or pull funding from companies that have rates of natural gas flaring.
Companies with the lowest flaring intensity in Texas included Pioneer Natural Resources, EOG Resources, ConocoPhillips and Chesapeake Energy.
BP’s ambitious climate targets set a challenge for its global oil and gas peers.
Global subsea equipment solutions specialist Ashtead Technology said Feb. 13 it has completed subsea installation monitoring work to support the Northern Lights Carbon Capture Storage project (CCS) in the North Sea.