Aurora Hydrogen’s Post

The new phase is said to play a key role in refining guidelines and closing technology gaps, with participation now expanding to 19 industry players. Read here: https://lnkd.in/dWbYWCBp DNV #offshorewind #floatingwind #renewableenergy

Woodside Energy’s acquisition of an ammonia project in Texas, USA, is a welcome departure from deploying shareholder capital to long-duration, low-margin and high-emissions oil and gas projects. But this “new energy” investment won’t reduce Woodside’s oil and gas emissions. Woodside’s “new energy” portfolio is not designed to reduce Woodside’s emissions. Investing in an ammonia project forecast to abate 3.2 MtCO2e p.a., at the same time as investing in Driftwood, which could cause 68 MtCO2e p.a. of scope 3 emissions, reflects the imbalanced scales of Woodside’s strategy. This is a fundamental problem with Woodside’s existing climate transition plan.

There’s a lot happening at bp 💚! And our net zero ambition progress report gives a neat insight on what we work on and where we’re going. - We’ve reduced our operational emissions by 41% compared to 2019. - We remain ahead of our 2025 target and continue to lay the groundwork for sustained decarbonization. - In 2023 our transition growth investment was $3.8 billion. This compares to $0.6 billion in 2019 and $4.9 billion in 2022. *Why was it slightly less this year? The difference from 2022 shows that we spent less on outside investments to grow our new areas of business. However, we spent more money from within our company to develop these areas in 2023. *Transition growth investment? This represents our investments into non oil gas business. So that includes (hydrogen, wind, E.V.-charging, bio-energy) How does my role fit into this? My colleagues and I handle policy development, assess existing legislation/regulation, and ensure alignment with current needs and best practices to mobilize bp’s business forward while communicating our overall global strategy. And this report is a big part of that! https://lnkd.in/eZ88-7mC

Supply Chains Are Part of the Evolution in Energy. https://lnkd.in/gVi_dGsS Chevron #SupplyChainManagement #CarbonCapture #LowerCarbon #EnergyTransition #SustainabilityPartnerships #SupplyChainAdaptation #EnvironmentalProtection #CleanEnergy #LogisticsNetworks #CarbonReduction #GreenTechnology #EnergyInnovation #ClimateAction #SustainableBusiness #EmissionsReduction

Great news for consumers and the Gulf Coast! Since 2021, Consumer Energy Alliance has been working with our energy-consuming and energy-producing members to find ways to keep energy affordable and reliable while we work to reduce emissions. Today's announcement from ExxonMobil's new Low Carbon Solutions investment in Louisiana will help decarbonize industries across Mississippi, Louisiana, and Texas while supporting low-carbon job growth. Through their agreement with the NG3 project, they’ll store up to 1.2 million metric tons of CO2 annually, advancing cleaner energy for hard-to-decarbonize sectors like natural gas processing and steel. This initiative ensures a sustainable future while keeping energy reliable and affordable for consumers and securing jobs for these states' local communities. #LowCarbonSolutions #Sustainability #EnergyEvolution https://lnkd.in/gDWQyRMc

The Project 2025 plan would prioritize short-term oil and gas industry profits over long-term sustainability, and risk sacrificing the health of our ocean and the wellbeing of future generations. https://lnkd.in/e54xxRV7

At #Petrofac we’re developing cleaner energy assets, reducing the carbon intensity of existing assets, and decommissioning ageing assets safely. But we’re also working hard to make our offices and operations carbon-neutral. Learn how 👉 https://ow.ly/QPPv30sCzIQ

With spending on offshore wind likely to reach £29 billion by 2030, the supply chain offers huge opportunities for Scottish businesses. Do you know how to take advantage of them? We're here to help your business now, so you're ready to seize these opportunities as they happen. Get help to grow your business 👉 https://ow.ly/jbt050SrIF8 #OffshoreWind

Exxon & Texas sign the largest US offshore carbon storage lease! 🌊🌍 TL;DR: Exxon Mobil has partnered with the Texas General Land Office for the largest U.S. offshore carbon storage lease, launching a project to inject carbon dioxide deep beneath the ocean floor, reinforcing its commitment to carbon capture and storage initiatives in the Gulf of Mexico. Highlights • Major deal allows CO2 injection 2 miles deep offshore. • Supports growth in carbon capture and storage (CCS) sector among oil companies. • Exxon emphasizes commitment to reducing emissions despite challenges. • Environmental advocates warn this may delay transition to renewables. #CarbonCapture #ExxonMobil #Sustainability #GulfOfMexico #ClimateAction #RenewableEnergy Article Source https://lnkd.in/gd-8Zwac

"Over 1500 wells to be decommissioned by early 2030's" ? That's an average of 250 wells per year by 2030. This seems unlikely given the industry's past performance - you might want to read the NSTA's letter on the subject sent to all UKCS Licensees in 2023: https://lnkd.in/ef83xizd Licensees are failing to deliver on their well decommissioning plans, year-on-year. Consequently, the UK suspended well stock has actually increased from 623 in 2020, to 871 in 2023 (NSTA data). Decommissioning of suspended wells peaked seven years ago in 2017, when 163 wells were fully abandoned. In 2022 that number was down to 116. If this level of performance continued, the suspended well stock will have grown to over 1500 by the year 2030 - the very figure NSTA is now targeting. An annual average of 250 wells P&A'd per year seems barely credible based on performance to date - such a figure has never been achieved in a single year, let alone averaged over six. Using the term 'by early 2030's' builds in some wriggle room, but something serious will need to happen to get anywhere near this ambitious target. Operators will need to start presenting scaled-up plans for well decommissioning and must then deliver on work commitments made to NSTA, no excuses. At the same time the NSTA must ensure its suspended well guidelines, issued in 2018, are actually adhered to; no ifs, no buts. NSTA would do well to compare actual performance versus planned, and demand Operators' future plans reflect the historical difference. So if the industry only ever delivers 50% of what it promises, NSTA should require plans for 500 wells/year if it is serious about meeting a 250 wells/year target. Achievable goal or just more hot air to placate the supply chain? Watch this space....