Tag: oil and gas industry

Research scientists from SINTEF and Norwegian University of Science and Technology (NTNU) are working to develop technologies and concepts to make the oil and gas industry more energy-efficient and reduce emissions from offshore production.

Energy major Shell announced the Board’s decision to change its name to Shell plc in last December as part of a move to London from The Hague and following plans of a major overhaul. This change has now taken effect.

Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the pandemic,

Shell announced a proposal to simplify the company’s share structure to increase the speed and flexibility of capital and portfolio actions.

Denmark and Costa Rica launched the Beyond Oil & Gas Alliance, which will seek to deliver a managed and just transition away from oil and gas production.

Denmark and Costa Rica are trying to forge an alliance of countries willing to fix a date to phase out oil and gas production and to stop giving permits for new exploration, as Reuters revealed.

In anticipation of an active 2021 tropical cyclone season, USCG is reminding owners and operators of offshore units of the requirement to notify the Coast Guard when these units are relocated.

OCIMF published its annual report for 2021, outlining its work during the year, as well as its programmes.

The Oil and Gas Authority (OGA) has fined BP £50,000 and served it with a Sanction Notice for breaching a licence condition by failing to report the progress and results of two extended well tests.

Oil major Shell confirmed that it will appeal a ruling issued by the District Court in The Hague, in May 2021, mandating a reduction of its global net carbon emissions by 45% by 2030 compared to 2019 levels.