Net Zero
UK to lose benefits from £450bn offshore energy market growth – report
Offshore Energies UK (OEUK), a representative body for the UK offshore energy industry, has warned in its 2024 Business and…
Shell waters down net-zero targets as it moves away from renewables
British oil and gas giant Shell has abandoned its key emissions reduction target for 2035 and watered down another net-zero…
OPEC encourages IEA’s stance on oil security
Intergovernmental organisation OPEC has expressed its encouragement regarding commentary from the International Energy Agency (IEA) highlighting the significance of oil…
Petrobras profits fall below record-high 2022 results due to volatile oil prices
Brazil’s state-owned oil giant, Petrobras, recorded a net profit of $25.07bn in 2023, a 24% decrease from its record-high profits…
COP28 Day 3: US, UAE and China lead methane announcement blitz
On Saturday, during the third day of COP28, global leaders unveiled a raft of new announcements targeting methane at a…
Yara signs cross-border CO2 transport and storage agreement
Fertiliser maker Yara International on Monday announced that it has signed a deal with CO₂ transport and storage supplier Northern…
IEA says global oil demand will peak this decade
The International Energy Agency (IEA) said global oil demand would peak this decade at about 102 million barrels per day…
Oil and Gas companies prioritize reducing scope 1 and 2 emissions
Greenhouse gas (GHG) emissions generated by oil and gas operations—also known as scope 1 and 2 emissions—accounted for 15% of…
For decades the oil and gas industry has promised CCS: it’s time for the EU to make it deliver
It is no secret that the oil and gas sector has talked big on carbon capture and storage (CCS) for…
UN General Assembly: US Treasury sets out new “principles” to boost green investment
US Treasury Secretary Janet Yellen has announced a series of nine new financing “principles” to boost investment in green technologies…
