oil and gas

The International Energy Agency says oil and gas companies, with their ‘extensive know-how and deep pockets’, can play a crucial role in accelerating the deployment of offshore wind, carbon capture and hydrogen

The professional body is pledging to divest from oil, gas and mining companies by 2023 if they fail to demonstrate their operations are in line with the goals of the Paris agreement

It is the latest step in BP’s planned programme of £7.6bn of divestments by the end of 2020

ABB, Equinor, Chevron and Total tested the ‘pioneering and ground-breaking’ technology for 3,000 hours in shallow water at a sheltered harbour in Finland

The president of the Energy Institute spoke to ELN at the Energy Live Expo event in London last week, which attracted more than 450 people from across industry

The discovery has been made at the Echino South prospect near the Fram field

The Hywind Tampen development will consist of 11 wind turbines, with a total capacity of 88MW

It now intends to sell stakes in 95 companies compared to initial plans to divest from 134 firms involved in oil and gas exploration and production

Gas cloud imaging technology has already been tested and installed in existing facilities such as the giant natural gas Khazzan field in Oman

They say the oil and gas industry produces 2.5 quintillion bytes of data every day but only 1% of this is analysed, which they believe is a ‘missed opportunity’