View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 15, 2019

Shell aims to reduce carbon footprint from oil and gas operations

Royal Dutch Shell has unveiled plans to reduce carbon footprint of its energy product and services in its portfolio.

Royal Dutch Shell has unveiled plans to reduce carbon footprint of its energy product and services in its portfolio.

Free Report
img

Carbon Capture, Utilization, and Storage set to play key role in reducing global emissions

Carbon Capture, Utilization, and Storage (CCUS) has emerged as one of the key technologies set to reduce carbon emissions, proving especially useful in projects where eliminating all process emissions is not possible  As a result, Oil & Gas companies are investing in CCUS projects as part of ongoing strategies to reduce their emission footprint and boost sustainability efforts.   Our recent report, CCUS Strategies in Oil and Gas, reveals that the energy sector accounts for approximately three-quarters of total greenhouse gas emissions and has a key role to play in reducing global warming over the coming decades.   Our report will help you:  
  • Understand CCUS and its importance in reducing global emissions 
  • Analyze CCUS plant trends 
  • Gain insight from leaders in the Oil & Gas industry on implementation of CCUS projects 
Download the report now to get ahead of this trend and make strategic investments.  
by GlobalData
Enter your details here to receive your free Report.

In its 2018 annual report, the company said that it decided to set a net carbon footprint target for 2021 of 2-3% lower than its 2016 net carbon footprint of 79g of CO2 equivalent per megajoule.

As an interim step, the company aims for a reduction of around 20% by 2035 compared with its 2016 level.

According to the company the scope includes emissions covered directly from Shell operations such as extraction, transportation and processing of raw materials and transportation of products.

Also included are emissions from biofuels, oil and gas processed by Shell as well as oil products and electricity marketed by Shell.

“Shell aims for a reduction of around 20% by 2035 compared with its 2016 level.”

The targets are also linked with the remunerations of around 150 company executives, a plan that was first announced in December last year.

In 2020 the move is expected to be expanded to 16,000 employees.

The decision comes at a time when oil and gas companies are facing increasing shareholder pressure to address carbon emissions.

Other oil and gas majors such as BP and Total have also revealed short-term plans to reduce carbon dioxide emissions. However the plans encompass individual operations and exclude Scope 3 emissions, reported Reuters.

In February Shell partnered with Makani, a pioneering start-up in offshore power-generating kites, to boost clean energy usage.

The move will help the company to provide renewable electricity to their charging stations, reducing fossil fuels consumption.

Related Companies

Free Report
img

Carbon Capture, Utilization, and Storage set to play key role in reducing global emissions

Carbon Capture, Utilization, and Storage (CCUS) has emerged as one of the key technologies set to reduce carbon emissions, proving especially useful in projects where eliminating all process emissions is not possible  As a result, Oil & Gas companies are investing in CCUS projects as part of ongoing strategies to reduce their emission footprint and boost sustainability efforts.   Our recent report, CCUS Strategies in Oil and Gas, reveals that the energy sector accounts for approximately three-quarters of total greenhouse gas emissions and has a key role to play in reducing global warming over the coming decades.   Our report will help you:  
  • Understand CCUS and its importance in reducing global emissions 
  • Analyze CCUS plant trends 
  • Gain insight from leaders in the Oil & Gas industry on implementation of CCUS projects 
Download the report now to get ahead of this trend and make strategic investments.  
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology