Gorgon experience highlights doubts on CCS to achieve climate goals, report says
The failure of CCS at the Gorgon offshore gas and LNG project to capture enough CO2 to meet operator Chevron’s own targets has placed doubt on the efficacy of the oil and gas industry’s reliance on the technology to curtail emissions, a report released on Wednesday has claimed.
Read MoreIndia edges closer towards setting up national carbon trading market
India plans to set up a uniform carbon market framework within a year to help finance its energy transition and emissions reduction goals, local media reported on Tuesday.
Read MoreRio Tinto sets up carbon offsets team to help meet emissions reduction targets
Anglo-Australian mining behemoth Rio Tinto has established a team to identify opportunities to invest in nature-based solutions located on or near its landholdings, the company said on Wednesday.
Read MoreEuropean oil and gas majors outperform peers in gearing up for energy transition, assesment finds
European majors Shell, TotalEnergies, and Repsol lead their peers in managing climate risk and re-shaping their business models for a low carbon world, while some Asian players have boosted their rankings due to greater energy transition investment, an assessment that ranked the climate strategy performance of oil and gas corporates has found.
Read MoreTotalEnergies inks deals with Japan’s top refiner for solar power, sustainable aviation fuel
European oil and gas major TotalEnergies and Japanese refiner Eneos have agreed to develop 2 GW of solar power capacity in Asia as well as assessing the feasibility of sustainable aviation fuels (SAF) production in Japan, they announced Thursday.
Read MoreCarbon removal company cements $30 mln offset deal with investors
A Canadian carbon removal technology company has signed a multi-million dollar carbon credit purchase agreement with two investors for the permanent storage of CO2 through a process known as carbon mineralisation, which stores carbon in solid form in concrete, it announced on Tuesday.
Read MoreOsaka Gas signs up to $11-bln Australian green hydrogen export project
Japanese energy firm Osaka Gas will partner with an Australian hydrogen and technology project developer to establish a 10 GW renewable hydrogen project in Australia’s Northern Territory (NT), it was announced on Tuesday.
Read MoreUAE firm launches collaboration to set up online carbon exchange in Africa using blockchain
A Dubai-based firm has launched an initiative to establish a blockchain-based online carbon credit exchange in Africa, in partnership with a Singapore technology group and a non-profit organisation focused on African climate projects, it announced on Monday.
Read MoreAsia should pivot from LNG to renewables to realise energy security, climate goals, report says
Key Asian economies should pivot from their reliance on LNG towards renewables to protect themselves from energy price volatility and geopolitical supply shocks as they seek to deliver on their net zero goals, a report released on Friday said.
Read MoreWoodside merger with BHP oil unit will help “navigate” energy transition but risks come with offset reliance, shareholders told
Australian oil and gas producer Woodside’s merger with BHP’s petroleum unit will enhance its ability to navigate the energy transition though it will rely heavily on offsets to meet climate targets, the company said on Friday, as it released a slew of documents recommending that shareholders approve the deal in a vote on May 19.
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