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
As global awareness of the environmental impact continues to grow, markets for the climate-conscious are on the rise. These markets include climate-smart agriculture, transport, water infrastructure & and waste management, green buildings and carbon markets. Carbon markets, rooted in climate business which are trading systems where carbon credits are exchanged. This compensatory scheme enables companies or individuals to buy carbon credits from organizations that work to remove or reduce greenhouse gas emissions. This article aims to explore carbon markets and their operation in Ghana.