oil and gas
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’
Oil and Gas UK’s roadmap reinforces the importance of the sector to the economy and to meeting the energy needs of consumers for decades to come
