Among other things, McDermott is aiming for a 50% reduction Scope 1 and Scope 2 greenhouse gas emissions and a 35% reduction in Scope 3 emissions by 2030. The company said it will utilize net-zero construction, carbon capture and hydrogen storage solutions to help meet these targets.

Equinor’s safety statistics for Q2 2021 indicate a stable trend in serious incidents, but the number of personal injuries has had a negative development. There was also one hydrocarbon leak in this period. “We take it seriously that the number of personal injuries is

Hess Corp has published its 24th annual sustainability report, which provides a comprehensive review of the company’s strategy and performance on environmental, social and governance (ESG) programs and initiatives. “Our longstanding commitment to sustainability

The announcements were among the highlights mentioned in Precision's Corporate Responsibility Report, which discussed the company's progress in ESG efforts and provided an outline of its ESG strategies, focus areas and performance.

The new JIP follows an initial agreement between Ardyne and Equinor in 2018 for the initial design and development of resonance technology. Ardyne will manage all engineering, project management and onsite rig qualification testing before deployment for field trials.

The template—developed in consultation with API members, the financial sector, policymakers, industry customers and other interested parties—includes relevant climate-related information. API expects to release additions to the template focused on GHG emissions intensity indicators later this year.

In its 2020 Report on Corporate Responsibility, the company detailed a net-zero roadmap to achieve net-zero scope 1 and 2 carbon emissions by 2050 and highlighted its emissions reduction activity over the past year.

The Equinor-operated project is the first on the Norwegian continental shelf to be put on stream from shore. The Martin Linge platform receives power via the world’s longest alternating-current sea cable, measuring 163 km from an onshore substation.

While it appears the worst of the downturn may be over, organizations must remain vigilant and work to address significant remaining challenges, in order to establish a firm economic position moving forward, said Maersk Drilling CEO Jørn Madsen at the IADC World Drilling 2021 Conference on 16 June.

Floating wind, hydrogen proposal aims to accelerate decarbonization of UK offshore oil and gas assets A UK-based company called Cerulean Winds has proposed a plan to help accelerate the decarbonization of oil and gas assets on the UK Continental Shelf (UKCS). The £10 billion proposal calls for a 200-turbine floating wind and hydrogen development, which the company says can abate 20 million tonnes of CO2. A formal request for seabed leases has been submitted to Marine Scotland. The proposed development involves: • Over 200 of the largest floating turbines at sites West of Shetland and in the Central North Sea, with 3 GW/hr of capacity; this would feed power to offshore facilities and in excess of 1.5 GW/hr of power ...