The initiative aims to eliminate routine gas flaring in oil production from "governments, companies and development institutions" no later than 2030. Neptune said the endorsement is in line with its broader decarbonization initiatives, which include a targeted carbon intensity of 6 kg CO2/boe and net-zero methane emissions by 2030.

Under the partnership, the companies will collaborate to progress CCS opportunities through the full lifecycle of storage site characterization, front-end engineering and design (FEED) and first injection through life of field operations. The partnership comes after Talos's recent successful award as the operator of the only major offshore carbon sequestration hub in the US.

Meeting North Sea Transition Deal emissions targets is OGA’s minimum expectation for the upstream oil and gas sector, and companies are being urged to accelerate pace of emissions reduction activities. Overall upstream greenhouse gas emissions fell by 11% over the last two years, according to the report.

Under a new agreement, Maersk Drilling will hold rights to all drilling rig work involved in Project Greensand on market-rate terms until the end of 2027. The project is targeting the development of capacity to permanently store up to 8 million tonnes/yr of CO2 from 2030.

The company said in a statement that the initiative "is consistent with the technical leadership that Transocean has demonstrated over the years." It will utilize its assets and expertise in support of its customers’ lower-carbon energy projects including, potentially, carbon capture and sequestration.

Prior to 2021, Apache’s majority-owned midstream company, Altus Midstream, invested more than $850 million in two new natural gas pipelines. Apache parent company APA said this capacity investment was significantly reducing flaring throughout the Permian Basin, which helped lead to the company reaching its zero-flaring goal.

On 28 September, Equinor and Rosneft signed an agreement on collaboration in carbon management.The agreement builds on the two companies’ strategic partnership in Russia. Drawing on this longstanding cooperation and aiming to support the goals of the Paris Agreement, Equinor

Launched in August, the IADC Subsea Competency Assessment Program is designed to enhance workforce competency in the drilling industry, providing a clear pathway to credential qualified subsea technicians who have a position-specific comprehension of concepts and who have demonstrated effective skills in the field. In this interview with DC, Brooke Polk, Senior Director – Accreditation Operations at IADC is joined by Ricky Cummings, Principal Advisor – Well Control Systems at Chevron, and Martin Carnie, Head of Well Control Equipment at Maersk Drilling, to discuss the objectives of the program, as well as the development process.

The "re-energized integration" of Parker Drilling, Quail Tools and iTS Energy will deliver drilling operations and management services to the North Sea and the US Gulf of Mexico, alongside previously established operations in the Arctic, Sakhalin Island and Atlantic Canada. The company will also target geothermal opportunities in Indonesia and East Africa.

The oil and gas industry plays a central role in meeting the energy needs of billions of people around the world while also contributing to global economic development. That is an undeniable fact, even as many countries enact policies to lower emissions as part of wider strategies around climate change. This means the industry must be even more vocal about the work it does, says the Executive Director of IOGP.