Chevron Corporation and Mitsui announced the signing of a Joint Study Agreement (JSA) on the feasibility of transporting liquified carbon dioxide (CO2) from Singapore to permanent storage locations offshore Australia.
Equinor and Hitachi Energy inked a strategic collaboration to collaborate within electrification, renewable power generation and low-carbon initiatives worldwide.
The O&G industry is a primary contributor to greenhouse gas (GHG) emissions, with an estimated 75% of all GHG emissions coming from the production and consumption of energy. For upstream O&G, the bulk (~6%) of global GHG emissions come directly from fugitive emissions and flaring, of which methane (CH4) is the primary constituent. Since hydrocarbons will remain an important, low cost and dominant part of the global energy mix for years to come, it is incumbent on the industry to adopt new technologies & workflows to decarbonize and produce oil & gas more sustainably. ‘Zero Flare’ is just one key example of decarbonization, for which Egypt is a leader and visionary country.
ESG in general, and decarbonisation specifically, are at the heart of Energean’s operations. The majority of natural gas that we produce in the East Mediterranean can be seen to be the catalyst for and foundation of a more sustainable energy dynamic.
With COP27 on the horizon, all eyes are on the oil and gas sector and our vital role in delivering safe, reliable energy with net zero emissions and playing a leading role in the energy transition. Both subjects are top of our agenda, and IOGP has been working with industry, helping operators to develop their action plans for the decarbonization of their facilities and products. Sharing knowledge and learnings from the industry journey so far and promoting standardization.
Transformative energy usage has become critical, and it presents an opportunity for oil and gas companies to not only transition to cleaner energy, but to also reduce wastage that results from flare gas. According to a recent analysis by the Organisation for Economic Co-operation and Development (OECD), the world is struggling to progress when it comes to climate change outcomes and transformations.
Chevron Corporation and JERA are working together on a number of opportunities to reduce carbon emissions with an emphasis on the US and the Asia-Pacific region, including production, carbon capture, usage, and storage (CCUS), and new technology commercialization.
The Mohammed VI Polytechnic University (UM6P), Chariot Limited, and Oort Energy have announced an agreement to work together on green hydrogen pilot projects in Morocco.
Minister of Petroleum and Mineral Resources Tarek El Molla participated in the ministerial session titled 'Ensuring European Energy Security… Opportunities and Challenges' within the activities of the ADIPEC 2022 Conference and Exhibition, the ministry said in a statement.
