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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. Earlier post.). Earlier post.).

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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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LNG does contribute to the International Maritime Organisation (IMO) GHG reduction targets. The assessment of the carbon intensity of LNG was carried out on a full life cycle basis. Toyota Tsusho, Uyeno Group of Companies, Port of Vancouver, Wärtsilä, and Yokohama-Kawasaki International Port Corporation (YKIP).

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

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From an official point of view, COP 15 is to be informed by the most recent report from the UNFCCC’s International Panel on Climate Change (IPCC), the Fourth Assessment Report (AR4), published in 2007. Without a clear and ambitious number, the whole agreement will be in danger ” [ 8 ].

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