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BHP offboards its petroleum business in merger with Woodside; focus on “future-facing commodities”

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The all-stock merger will create a global top 10 independent energy company by production, and will also allow BHP to focus more intently on “future-facing commodities” that are most positively leveraged towards population growth, rising living standards, electrification and decarbonization, the company said. —BHP CEO Mike Henry.

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BP takes delivery of 6 new LNG tankers

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BP is taking delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers to support its expanding global LNG portfolio, and to respond to growing demand for lower-carbon energy sources around the world. BP also participates in LNG projects in Australia, UAE, Indonesia, Trinidad and Angola.

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Lifecycle study finds LNG can reduce shipping GHG emissions by up to 21%

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The assessment of the carbon intensity of LNG was carried out on a full life cycle basis. The report analyzes several LNG pathways, including LNG from Algeria, Australia, Qatar, Indonesia, Malaysia, Nigeria, Norway, Trinidad & Tobago and the USA. Source: thinkstep. Others (5%).

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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” —British Energy Secretary Ed Miliband, summing up the historical significance of COP 15. The findings were particularly relevant because many emissions reduction calculations had assumed that the Earth’s natural carbon sinks would maintain a relatively uniform rate of carbon uptake as greenhouse gas emissions increased.

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