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Equinor Energy & Mitsubishi Heavy to collaborate on low-carbon technology to reduce carbon footprint of oil & gas operations

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Norway-based energy company Equinor Energy and Mitsubishi Heavy Industries (MHI) signed a Memorandum of Understanding (MoU) for a low-carbon technology collaboration. The non-exclusive cooperation agreement will see both companies develop and use technology to reduce the carbon footprint of oil & gas operations.

Carbon 191
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S&P Global: More than 75% of oil and gas production in US Gulf of Mexico has lower than average greenhouse gas intensity

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More than three-fourths of all oil and gas production in the US Gulf of Mexico has a lower greenhouse gas (GHG) intensity than the basin-wide average, according to a new S&P Global Commodity Insights analysis. However, about 78% of the total production was found to be beneath that average. 900 kgCO 2 e/boe.

Mexico 150
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Casterra to sell castor seeds for cultivation to leading oil and gas company; $9.1M initial purchase

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signed a framework agreement to sell seeds of its proprietary castor varieties to one of the world’s leading oil and gas companies for cultivation in specific African territories. Casterra’s high-yield, high-oil castor seed varieties are optimized for biofuel production to support the growing market of sustainable energy.

Oil 276
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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

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Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. C carbon budget.

Oil 370
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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Shell introduces new lifecycle approach to cut carbon footprint of aviation lubricants

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Shell Aviation has introduced a new lifecycle sustainability approach for its AeroShell aviation lubricants to avoid, reduce and then compensate for lifecycle carbon emissions, improving aircraft performance while helping customers meet their net-zero greenhouse gas (GHG) or carbon emissions ambitions.

Carbon 284
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S&P Global: absolute GHGs from Canadian oil sands did not increase in 2022 even as production grew

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Absolute greenhouse gas emissions from Canadian oil sands production were flat in 2022 even as total production grew, according to an initial analysis by S&P Global Commodity Insights. Absolute emissions held steady at 81 million metric tons of carbon dioxide (MMTCO2) in 2022 while total production topped 3.1

Oil-Sands 195