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Fasken explainer: ‘Net Zero’ commitments and the Energy Transition

In the energy sector, as elsewhere, fundamental change happens slowly … until it happens all at once.  We are witnessing just such a dynamic as energy companies adopt new or more ambitious goals to achieve “Net Zero” greenhouse gas (GHG) emissions in the run-up to COP26 in Glasgow.


Oil and gas under the spotlight

As we approach the COP26 Climate Conference which begins in Glasgow on 31st October, it feels as if the oil and gas industry has never been more in the political spotlight.

North Sea

Tackling ‘low confidence’ in North Sea methane monitoring

Increasing pressure is being put on upstream operators to decarbonise their operations, from investors, the regulator and the wider public. But while North Sea energy companies are moving to cut emissions, they still have challenging assets on their hands.


‘Carbon Neutral’ LNG demand soars in Asia despite criticism

Liquefied natural gas (LNG) shipments tagged “carbon neutral” are gaining popularity among Asian buyers, despite criticism that the offsets used to justify the label don’t actually cancel out planet-warming emissions generated by the fossil fuel.


Delivering net zero should be ‘business as usual’

The energy transition has brought an exciting shake-up to the oil and gas industry, with companies aiming to significantly reduce their emissions footprint as soon as possible to ensure compliance with government and regulatory bodies.


Buyers question ‘carbon-neutral LNG’ cargo credentials

Over the past year or so, liquefied natural gas (LNG) producers, as well as buyers in North Asia, particularly Japan, have been quick to announce their involvement with so called ‘carbon-neutral LNG’ cargoes. However, some LNG buyers at the Future Energy Asia conference questioned whether LNG can really be carbon neutral.


Temasek defends green goals after backing Singapore polluters

It might seem contradictory to invest in carbon-emitting polluters while pledging to be an eco-trailblazer, but that’s exactly what Singapore state investor Temasek Holdings, which owns shares in two of the world’s largest rig builders, is attempting to do.