North Sea operator sells ‘world’s first’ certified, carbon neutrally produced oil

North Sea operator Lundin energy has traded the world’s first ever certified, carbon neutrally produced oil.

A total of 600,000 barrels of crude from the Swedish firm’s Edvard Grieg field, offshore Norway, have been sold to Italian energy company Saras S.p.A’s refinery in Sarroch, Sardinia.

In order to supply a fully carbon neutral barrel, more than 2,300 tonnes residual CO2 emissions were captured using high quality, nature-based solutions, Lundin