Chevron Technology Ventures (CTV) announced the launch of its $300 million Future Energy Fund II focused on technologies that have the potential to enable affordable, reliable and cleaner energy for all

Reducing greenhouse gas emissions – and demonstrating that commitment to these efforts – has become a critical goal for drilling contractors. However, many challenges remain to be overcome, including data. Anton Rushakov, Senior Consultant at Global Affairs Associates, explains in this interview with DC why drilling contractors often lack reliable data to calculate their greenhouse gas emissions.

The relationship between digital technologies and sustainability is symbiotic. Digitalization can serve as a catalyst for companies looking to build sustainable businesses, while the search for sustainable energy solutions is inspiring innovative systems that can power the industry of the future. In this interview with DC, Chiara Perotti, Onshore Drilling Environmental Manager at Saipem, and Luca Motti, Onshore Drilling Digital Transformation and Innovation Manager at Saipem, provides highlights from their presentation at the 2021 IADC Sustainability Conference on 9 February. This includes a review of the company’s sustainability efforts and the role played by digitalization, as well as how rig design factors into emissions reduction.

The system provides an opportunity is to apply digital technologies to quantify the sustainability of a well, in real time, starting from when it is designed through to its drilling and completion.

ENGIE and Equinor have announced a partnership to develop joint low-carbon hydrogen activities. The partners will investigate the production and market potential for hydrogen from natural gas, whereby the CO2 will be captured and stored permanently offshore. The memorandum of understanding encompasses

Two CJ70 jackup rigs – the Maersk Intrepid and Maersk Integrator – retrofitted with BlueVault batteries from Siemens Energy have seen a 25% emissions reductions compared with their baseline levels. They are the first jackups to employ a combination of hybrid, low-emission solutions on the Norwegian Continental Shelf.

Transocean announced today the successful deployment of HaloGuard, a safety system that integrates a wearable locating device with drill floor equipment and machine stoppage controls. The system is now operational on the Deepwater Conqueror, which is working in

The company said it will institute a "disciplined cash allocation framework and rigorous approach to driving down carbon emissions" in order to deliver value. Among other things, it will engage in selective investment in competitive LNG assets and extend its biofuels production and distribution business.

Halliburton Labs said in a statement that Enexor BioEnergy, Momentum Technologies and OCO will have access to its "deep business and technical expertise, facilities and network" to accelerate their respective offerings.

As part of the agreement, the two companies will ‎cooperate in identifying and developing new low carbon solutions and programs that will support ‎their shared sustainability goals.