The letter addresses concerns that the COVID-19 crisis may push oil and gas companies and governments around the world to delay action on climate change.
Without climate targets, global investors wary of oil sands will avoid producers, prime minister says.
KBR has been awarded a master service agreement and feasibility study on May 13 by JX Nippon Oil & Gas Exploration Corp., a leading integrated energy, resources and materials group in Japan.
Shareholder activists have this year taken up a call to split the CEO and chairman roles at Exxon Mobil, expecting a better reception for climate-change proposals from an outsider.
Companies expect to continue efforts toward carbon capture and storage amid low prices.
DNV GL has approved Aker Solutions' carbon capture technology as qualified, on April 29, for a full-scale demonstration project in Norway to remove carbon emissions at a cement plant.
Economic lockdowns brought on by the coronavirus pandemic look set to cut global energy demand and carbon dioxide emissions by record amounts, the International Energy Agency (IEA) said on April 30.
Royal Dutch Shell on April 16 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.
Drilling platforms emit about half a teragram (Tg) of the planet-warming gas each year, according to the study.