It’s apparently not the traditional approach for the top dogs of major oil companies, but maybe it’s time to break the mould.
BP has set itself a challenge of creating five “unicorn” companies - valued at more than $1 billion - in the next five years to address the “dual challenge” of supplying more energy with fewer emissions.
The move from “Big Oil to Big Energy” is under way as the energy transition puts extra pressure on explorers, an analyst has said.
Big Oil doesn’t have a choice; either it gets serious about the necessary transition to low carbon energy or mounting public fear fuelled by the impacts of the deepening climate crisis will eventually force drastic change.
Vestas Wind Systems, the world’s largest maker of wind turbines, has pledged to eliminate all waste in the production of its machines by 2040 as part of its drive to hit carbon neutrality by the start of the next decade.
Oil and gas companies have provided “few signs” that they are willing to devote enough cash to tackling climate change, a new report said.
I recently addressed a room of industry leaders and when deciding what to say, I thought I'd begin by discussing one of the defining issues of our time: the dual challenge of providing more energy with fewer emissions.
Power plants that run on hydrogen could be cost-competitive with those using fossil fuels by the middle of the century if governments double the cost of carbon pollution.
Equinor has picked Aker Solutions to carry out a front-end engineering and design study for topside modifications to accommodate power from shore at the Troll B and C platforms.
Larry Fink struck an urgent note in his annual letter to America’s corporate executives: Climate change will upend global finance sooner than they might think.
In March last year one of the most charismatic figures to hold office as an energy minister in the UK became chairman of the Oil and Gas Authority (OGA).
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
As we enter a new decade, I’m sure I’m not alone in reflecting on matters that are personally important, together with major issues that impact on society, the environment and the economy.
It is estimated that during 2019 over 20 million people in the UK contacted the 999 emergency services to request immediate police, ambulance, fire or coastguard support or to report an emergency.
Too many opinions, not enough facts. That’s how Chrysaor chief executive Phil Kirk views the heated debate about the oil and gas sector’s role in the energy transition.
The year 2019 once again proved that oil and gas remain indispensable resources to make the world a better place. They help to improve the lives of billions of people, many of whom would otherwise lack any access to reliable energy.
The climate emergency is an “even more pressing challenge” for the industry than the 2014 downturn according to the Oil and Gas Authority’s (OGA) chief executive.
The turn of the year means boardroom leaders are planning – as well as playing soothsayer – for what’s next in 2020 and beyond.
While the UKCS may be regarded as a more mature basin than those in other parts of the world, that doesn’t mean that it is standing still or slowing down.
A charity has urged the Scottish Government to boost funding to help make homes more energy efficient to £256 million a year.
The boss of British Airways has declared "our future has to be sustainable" as the airline begins offsetting carbon emissions from domestic flights.
Things can rarely be seen in only black and white.
Nicola Sturgeon has said Scotland will be at the "centre of international attention" in 2020 in her New Year message.
The biggest change I have seen in 2019 is the move by the oil and gas industry towards a net zero future. There have been many factors that have influenced this change, from the social public push through to the active and engaged conversation the industry has been having around Roadmap 2035 (what we will look like in 2035).
The North Sea is known for adapting to change and this year has demonstrated an indication of resilience in the sector. Confidence has slowly returned to a market which has changed dramatically in the last five years.