BP’s shift to becoming a net-zero company uncovers an eventual transformation of its upstream oil and gas business.
The Lundin Petroleum board also proposed to change the company's name to Lundin Energy AB, it said in a statement.
New research shows a sharp increase in expected low-carbon investment this year by oil and gas companies, despite volatile market conditions.
Some 71% of senior oil and gas professionals and executives surveyed by DNV GL expect to increase or maintain investment in renewable energy, decarbonizing oil and gas production and new low-carbon technologies.
Would you rather global societal breakdown occurred by climate change or mass energy poverty? Or none of the above?
Data shows wind, solar, hydro, nuclear and imports produced about 48.5% of Britain's electricity in 2019 while fossil fuels such as coal and gas contributed about 43%.
The energy firm paid 754 million Norwegian crowns (US$84.2 million) for the stake.
A scientific “miracle” will have to happen in order for the world to achieve a new energy economy.
Baker Hughes on Dec. 11 revealed a significant new advancement supporting its commitment to achieving net-zero carbon equivalent emissions by 2050 by entering into an agreement to purchase 100% of its Texas electricity from renewable sources.