Baker Hughes to become net-zero company by 2050

Oilfield services major Baker Hughes has announced the release of its 2020 Report on Corporate Responsibility which outlines its corporate strategy for a sustainable energy future. Baker Hughes said on Thursday that it supported the objectives of the Paris Climate Agreement, and it believes that the private sector has a crucial role to play in... Continue Reading →

ExxonMobil Hires PGS for 4D Survey Offshore Guyana

Norwegian offshore seismic surveyor PGS has been awarded a 4D seismic acquisition contract by ExxonMobil for work offshore Guyana. PGS will deploy a Titan class seismic acquisition vessel in the fourth quarter of 2021 with the acquisition slated for completion in the first quarter of 2022.  President & CEO in PGS, Rune Olav Pedersen said: "We... Continue Reading →

Cost cuts for green hydrogen key to wider adoption

(Reuters) - Reducing the cost of producing clean hydrogen, through large investments and government subsidies, will be key in the wider adoption of the fuel in coming years, panelists said during the Reuters Events: Global Energy Transition conference. So-called green hydrogen, made by using renewable energy to power electrolysers to convert water, is being backed... Continue Reading →

Schlumberger commits to reaching net-zero by 2050

Giant oilfield services provider Schlumberger is the next company in line to commit to achieving net-zero greenhouse gas (GHG) emissions by 2050. Schlumberger said on Tuesday that it spent 18 months conducting extensive analysis and working with experts to produce a decarbonization plan. With minimal reliance on offsets, the plan is focused on reducing scope... Continue Reading →

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