The Oil and Gas Climate Initiative (OGCI) has announced that it has revised its collective upstream targets for 2025. The organization’s carbon intensity target now aims to reduce the average carbon intensity of member companies’ aggregate upstream oil and gas operations from 23kg of greenhouse gases per

9/22/2021 A representation of a digital twin (courtesy 4Subsea) 4Subsea, a leading provider of digital technology and services to the energy and maritime sector, has successfully completed more than 300 measurement campaigns across the North Sea following the launch of its digital twin technology, significantly

By Grant Smith and Anthony Di Paola on 9/22/2021 (Bloomberg) –As the global natural gas crunch hits suppliers and consumers alike, OPEC nations are warning of the knock-on impact for oil markets. Iraq expects higher demand for crude as the shortfall of gas forces consumers

By Ewa Krukowska, William Mathis and Alex Morales on 9/22/2021 (Bloomberg) –The UK is considering all options to address the energy crisis, but people should prepare for longer-term high prices, Business Secretary Kwasi Kwarteng told a committee of Parliament. Meanwhile, the spike in power and

9/22/2021 ST. JOHN’S, NEWFOUNDLAND, CANADA – Themed Resilient & ReEnergized, the Noia Oil & Gas Conference 2021 began Tuesday at the St. John’s Convention Centre with a focus on the future, clean technology, and the benefits of local content practices for communities with resource development

By Saket Sundria and Alex Longley on 9/22/2021 (Bloomberg) –Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a major developer’s debt woes. West Texas

The Norwegian Competition Authority (NCA) has not had any objections regarding the creation of a decommissioning joint venture between AF Gruppen and Aker Solutions. Aker Solutions informed that the transaction was subject to due diligence and final board approvals, expected to be completed during the

Supermajor Shell has reached a Final Investment Decision (FID) for its Ormen Lange wet gas subsea compression project offshore Norway and submitted the development plan for it to the Ministry of Petroleum and Energy. The plan for development and operation (PDO) for the Ormen Lange

Three companies have joined forces to develop a concept for offshore green hydrogen production by using a converted jack-up rig in the North Sea. Offshore engineering solutions Aquaterra Energy signed a partnership with renewable hydrogen producer and supplier Lhyfe and offshore drilling contractor Borr Drilling.