Bill Gates believes we’re going to miss global heating goals based on the current rate of the green transition and thinks that billionaires and governments from rich nations could play a major role in global decarbonization. Gates recently stated that he expects the world to fail to achieve the below 2-degree Celsius heating objective set out in the Paris Agreement, although he praised the rapid adaption of several countries attempting a green transition.
Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, a course was set to deliver on the International Maritime Organization’s net zero strategy. The industry initiative brought together over 60 organisations to discuss tangible solutions to meet the ambitious net zero targets by or around 2050.
Last Thursday at the 28th United Nations Climate Change Conference (COP28) in Dubai, Canada made a significant announcement regarding its plan to implement a cap-and-trade system to curb greenhouse gas emissions within the nation’s oil and gas industry.
Brazil’s oil and gas watchdog ANP will hold two open acreage rounds on Wednesday: the second production sharing and fourth concession tenders.
Valeura Energy Inc., the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, has announced the re-start of oil production at the Wassana field, offshore Gulf of Thailand.
Addressing Occidental Petroleum’s (OXY) purchase of CrownRock for US$12 billion, Robert Clarke, Vice President of Upstream Research at Wood Mackenzie said, “This transaction cements an absolute banner year in Permian acquisitions and divestments spend.
Nigeria’s crude oil, “blended and unblended and condensate” output fell to 1.47 million barrels per day in November, indicating a back-to-back drop in production level since October.
Market drivers include sustainability commitments, cost savings, and reductions in complexity
A new report from Guidehouse Insights explores annual emissions reductions from the upstream oil & gas market globally.
The UN’s COP28 conclave, based in an enormous exhibition centre in Dubai Expo City, with small daily protests permitted on the premises, is coming to a denouement.
As the COP28 conference draws to an end, the climate summit in Dubai has not only chosen its next host but also stirred heated discussions on fossil fuels in its final declaration