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Safety and ESG

Maersk Drilling CEO: Industry must address sustainability in order to secure long-term financial viability

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.

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Environment, Social and Governance

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 ...

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