Porto do Açu is the first port in Brazil to obtain international EcoPorts certification

(TN) Porto do Açu became the first port in Brazil to receive EcoPorts certification, the sector's main certification initiative. The seal, obtained this week, incorporates the main internationally recognized environmental management standards, such as ISO 14001. One of the network's objectives is to standardize good environmental management practices in the port sector through cooperation and... Continue Reading →

September 24, 2021 0

Electric vehicles may cut global refining capacity demand by half in 2050 – Rystad

(Reuters) - A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world's oil refining capacity by half in 2050, consultancy Rystad Energy says. "Going forward we will be touching by 2050 somewhere very close to 90% of electrification," Mukesh Sahdev, senior vice president and head of downstream... Continue Reading →

September 21, 2021 0

Shell to invest $565 million in renewable energy in Brazil through 2025

(Reuters) - The Brazilian subsidiary of Royal Dutch Shell (RDSa.L) will invest 3 billion reais ($565 million) in renewable energy in the country through 2025, executives said on Tuesday. Most of the capex is related to solar energy projects, the executives said. The head of renewable development for Latin America, Gabriela Oliveira, said Shell has 2GW of... Continue Reading →

September 21, 2021 0

Special Report: BP gambles big on fast transition from oil to renewables

(Reuters) - Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology. The facility earned BP Plc (BP.L) more than $650 million in profits in 2019, according to financial filings reviewed by Reuters. Yet the oil... Continue Reading →

September 20, 2021 0

Investors Managing $10 Trillion Set Tough Climate Blueprint for Big Oil

Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production. The unprecedented initiative - dubbed the Net Zero Standard for Oil and Gas - details 10 required standards to... Continue Reading →

September 17, 2021 0

Baker Hughes, Schlumberger count on clean energy for growth

(Reuters) - Oilfield service firms Schlumberger (SLB.N) and Baker Hughes (BKR.N) are counting on newer energy transition businesses like carbon capture and hydrogen fuel for growth, and expect these clean energy units to rival some of their more traditional units by the next decade, executives said on Wednesday. Schlumberger estimates that global investments for industries moving away from fossil... Continue Reading →

September 8, 2021 0

Energy transition not fast enough as fossil fuels will still hold half of global energy mix by 2050, DNV warns

Norway-based consultancy DNV has said that fossil fuels will still constitute 50 per cent of the global energy mix by 2050, compared to 80 per cent held for decades, warning that the energy transition is not fast enough for the world to achieve the net-zero target by 2050. DNV also warned in its latest energy... Continue Reading →

September 1, 2021 0

Offshore energy will power the world: 2021-2040 FPSO forecast – Special Focus

(World Oil) Operators are strategically navigating the changing dynamics of the energy market with continued investment in the floating offshore sector. The offshore energy market is in flux. Economic effects from the Covid-19 pandemic, changing global attitudes toward energy, and the growing importance of ESG matters have disrupted the ways that companies do business. Although... Continue Reading →

August 26, 2021 0

Emerging oil nations reject climate curbs on exploration, pursue rapid development

(Reuters) - The world's newest oil-producing nations grabbed the spotlight at this week's Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels. At the conference highlighting renewable and cleaner-burning fuels and investors moving bets away from fossil fuels, Brazil, Ghana, Guyana,... Continue Reading →

August 19, 2021 0

EXCLUSIVE Exxon, Chevron look to make renewable fuels without costly refinery upgrades

(Reuters) - U.S. oil major Exxon Mobil Corp (XOM.N), along with Chevron Corp (CVX.N), is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, sources familiar with the efforts said. The two largest U.S. oil companies want to produce sustainable fuels without ponying up billions of... Continue Reading →

August 12, 2021 0

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