The UK’s offshore oil and gas industry revealed a roadmap to halve its operational emissions in the next decade, confirming its pathway to become a net zero emissions basin by 2050.
According to a recent research by University of Manchester, shipping industry must focus on reducing the emissions from existing ships rather than wait for low-carbon vessels to enter its fleet.
Atmospheric CO2, measured at Mauna Loa Observatory in Hawaii, reached a seasonal peak of 417.1 parts per million for 2020 in May, the highest monthly reading ever recorded. This year’s peak was 2.4 ppm higher than the 2019 peak of 414.7 in May 2019.
The US was the world’s largest CO2 emitter from oil and gas in absolute terms in 2018. Among the top 10 oil and gas producing countries, Canada had the highest CO2 emission intensity per boe produced, while Norway had the lowest, Rystad Energy says.
The European Commission recently issued its first annual report concerning CO2 emissions coming from the maritime sector. Namely, the report is based on data from emissions in 2018, reported by companies until September 2019.
Seven major industry players recently informed the establishment of the “e5 Consortium,” which goals to boost new ocean shipping infrastructure services through the development of zero-emission electric vessels.
The oil major players, Equinor, Shell and Total recently shake their hands and agreed to invest in Norway’s first exploitation licence for CO₂ storage, called as “Northern Lights project”.
The German-based container company, Hapag-Lloyd recently announced that managed to cut its CO2 emissions per TEU/kilometre by 50% since 2008. According to the company, 95% of its vessels are in line with the IMO regulations, as they are all burning low sulphur fuel oil since the beginning of 2020.
A consortium led by Swedish Carbon Energy Company Liquid Wind will work on the Power-to-Fuel project, eyeing production of liquid, carbon neutral fuel from captured carbon dioxide (CCU) and green hydrogen (from renewable electricity).
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- Maritime Health
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