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Environment

European oil giants step back from renewables path

Almost five years ago, bp embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals, revive its share price and allay investor concerns over future profits.

Neste and PCS to bring renewable solutions to Southeast Asia’s chemicals industry

Neste and Singapore-based essential chemicals company PCS Pte. Ltd. have launched a cooperation for the supply of renewable solutions to Southeast Asia’s chemicals industry.

Digital Feature (sponsored): Refiner improves OT cyber risk measurement and management: A Case Study on achieving visibility into OT cybersecurity policy compliance

This case study details how a U.S.-based Fortune 50 petroleum refiner used PAS Cyber Integrity® to improve OT cybersecurity. By automating asset inventory and vulnerability assessments, the company reduced manual processes, enhanced visibility into cyber risks and improved safety-ultimately saving millions in program costs.

Countries, companies lag in response to tackle methane emissions, U.N. says

Since a U.N. initiative began monitoring for methane leaks from oil and gas infrastructure last year, it has issued 1,200 alerts to governments and companies. But only 12 of those alerts for major plumes - just 1% - garnered a "substantive response" with action taken to plug the leaks.

U.S. energy draws up a wish list for new Trump administration

With U.S. President-elect Donald Trump two months away from taking office and able to act on his campaign promises, energy executives are lining up to offer new proposals to the mix.

Yara supplies Cooxupé with Brazil's first batch of lower carbon fertilizer

With initiatives to decarbonize agriculture and other industries, Yara, the global leader in crop nutrition, is the first company to offer in the Brazilian market a nitrogen fertilizer produced from a renewable source, with a reduction of up to 90% in its carbon footprint compared to the same fertilizer produced from fossil-based natural gas.

Technip Energies, Shell Catalysts & Technologies move towards an exclusive global alliance for carbon capture

Technip Energies and Shell Catalysts & Technologies have agreed to strengthen their relationship and will be moving towards global exclusivity for the delivery of amine-based post-combustion carbon capture based on Shell’s cutting-edge CANSOLV CO₂ capture system.

SOCAR, Baker Hughes partner on integrated gas recovery, H2S removal system at the Heydar Oil Refinery

Baker Hughes and SOCAR signed a contract for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream flaring at SOCAR’s Heydar Aliyev Oil Refinery in Baku, Azerbaijan.

Germany blocks oil firms from using past emissions credits to support biofuel industry

The German cabinet approved reforms to restrict oil companies from carrying excess emissions reductions credits forward, in a step aimed at boosting the biofuel industry that was hit by a quick drop in carbon prices in recent years.

Digital Exclusive: U.S. flip-flop jeopardizes global treaty to end plastic pollution

Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel and Petrochemical Manufacturers (AFPM), details the Biden administration's (U.S.) flip-flop on allowing individual countries to take their own path to tackle plastics pollution, and instead, wants universal plastic production caps and the banning of certain chemicals. Mr. Benedict details why this approach will only hurt the global objective to end plastic pollution.