(OET) With decarbonisation being seen as one of the biggest challenges facing the energy industry today, Offshore Energies UK (OEUK) has outlined that the recently offered carbon storage licences signify the country could bury 30 million tonnes of CO2 a year by 2030 and become a renowned mover and shaker in decarbonisation technology. After the... Continue Reading →
Dear shareholders and investors, I am very proud to share with you the first quarterly results of Petrobras under our management. Since I became CEO, in January, I have been working so that Petrobras can become more efficient, financially healthy and inclusive, where people are the focus of decisions and the top priority. If today... Continue Reading →
(OE) Norwegian oil and gas company Vår Energi will collaborate with floating wind technology firm Odfjell Oceanwind and Source Galileo to pursue a pilot project for floating offshore wind at its Goliat oil field in the Barents Sea, offshore Norway. The Goliat platform is currently electrified and is supplied with power from shore through a... Continue Reading →
Offshore drilling contractor Valaris has set a carbon emissions reduction target to reduce its Scope 1 emissions by 2030, aligning its sustainability goals with the Task Force on Climate-Related Financial Disclosures (TCFD) framework. Valaris issued its 2022 Sustainability Report on Monday, 17 April 2023, showcasing its commitment to environmental, social and governance (ESG) priorities. As part of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it was recognized as one of the leading companies in supplier engagement by the international organization CDP, formerly known as the Carbon Disclosure Project, a reference in sustainability. The A- rating, referring to the 2022 cycle, was achieved in the Supplier Engagement Rating (SER) aspect, a global index... Continue Reading →
(Reuters) - Dutch lender ING (INGA.AS) on Tuesday said it had again toughened its lending policy to the oil and gas sector, restricting finance to clients engaged in commodity or trade finance and "midstream" infrastructure. ING, a leading provider of commodity finance, said it was working on a methodology to reduce the volumes of traded oil and... Continue Reading →
(Reuters) - Banks gave 81 cents in financing support to low carbon energy supply for every dollar they provided to fossil fuels in 2021, a report showed on Tuesday, but they will need to ramp up their commitments much further for the world to hit its climate goals. Several climate scenarios suggest that to limit... Continue Reading →
(TN) Ocyan celebrates the successful completion of the first stage of the decommissioning project in a contract signed with Petrobras to operate in the Campos Basin. The vessel chartered with Solstad is already in the Port of Vitória (ES), where it will unload the first equipment removed from the seabed. Part of it will be... Continue Reading →
European banks risk jeopardizing the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, investors managing assets worth more than $1.5 trillion said on Friday. ShareAction said it had made the demand in letters sent to the heads of Barclays, BNP... Continue Reading →
(Reuters) - British bank NatWest (NWG.L) said on Thursday it would immediately stop all reserve-based lending for new customers financing oil and gas exploration and extraction, before phasing it out entirely by the end of 2025. The lender's commitment comes as financial firms face greater pressure from policymakers and investors to reduce the scale of climate-damaging carbon... Continue Reading →
