US Chevron and partner, Woodside Petroleum, is under discussions for approval to modify its plans for the Kitimat LNG export facility on Canada’s Pacific Coast to an all-electric design. Both partners aim to reduce GHG emissions. The project is proposing to become an all-electric plant powered by hydroelectricity, allowing expanded capacity without the corresponding increase in emissions of a traditional LNG facility.
The Offshore Wind Industry Council informed that a major programme of work has been launched to ensure that the UK’s low-carbon energy system efficiently leverages the increasingly large proportion of electricity that is generated from renewable sources, including offshore wind. The new research project, Solving the Integration Challenge, is a vital part of the Offshore Wind Sector Deal announced by Government and industry in March.
A Swedish-Norwegian research project will be searching into the possibilities and costs of transporting CO2 captured in Sweden for storage on the Norwegian shelf. This is the first project ever to look into this possibility. The goal of this project is to investigate the possibilities of launching a full-scale facility for the capture and transport of CO2 from the Preem refinery and wet gas plant at Lysekil.
Norway should aim to make its oil industry completely emissions-free, the leader of the country’s biggest opposition party stated. The proposal comes to add to the already established Norwegian ambition to reduce the emissions of it oil, its biggest emitter of greenhouse gases, despite the fact that more offshore platforms are getting power from shore instead of burning gas for electricity.
BP announced that it has created a $100 million fund for projects that will deliver new greenhouse gas emissions reductions in its upstream oil and gas operations. The Upstream Carbon Fund will provide further support to BP’s work generating sustainable greenhouse gas emissions reductions in its operations. Total funds of up to $100 million will be available during the course of the next three years.
London-based oil major BP announced it will support a call from investor participants of the Climate Action 100+ initiative, for the company to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement. Investors proposed a resolution to be put to shareholders at the company’s annual general meeting in May 2019.
Emissions associated with oil and gas production are a significant source of greenhouse gases, according to a new study by Stanford University. The study revealed that burning of unwanted gas associated with oil production – or else known as flaring – remains the most carbon-intensive part of producing oil.
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