Company News

Worley has been awarded a contract to provide the early front-end engineering and design (pre-FEED) for the first two carbon capture units at Drax Group’s power station in North Yorkshire, United Kingdom.

Chevron Corporation has overtook Exxon Mobil Corporation as the largest oil company in America by market value. This is the first time in a century the Texas-based giant has been dethroned as the energy leader.Amidst the pandemic, Chevron has emerged with the strongest numbers amongst Big Oil majors, and successfully completed its USD $5 billion acquisition of Noble Energy.

Norway’s Pipeotech claims to be the first company within the pipe sealing segment to offer a 10-year gas-tight guarantee as standard on its innovative DeltaV-Seal.

All4 LLC (ALL4) has completed its first acquisition with the purchase of Smith Management Group (SMG), a Kentucky-based, environmental consulting firm solving multimedia challenges for industry since 1989.

Two oil majors, BP and Shell, have urged Texas regulators to end the routine flaring of natural gas, joining other large investors who want greater oversight of the harmful environmental practice.

The Australian government will prioritize investment in five low-emission technologies to reduce greenhouse gas pollution, while continuing to avoid putting a price on carbon.Hydrogen produced from renewables, electricity storage, low-carbon steel and aluminum production, carbon capture and storage, and soil carbon are the five areas selected for development.

LyondellBasell, a global plastics, chemicals and refining company, plans to boost production of recycled and renewable-based products to reduce plastic waste and reduce greenhouse gas emissions during production, as detailed in its new sustainability report.The plastic manufacturer has pledged to produce and market two million metric tons of “recycled and renewable-based polymers” per year by 2030.

Ikea, Unilever, BT, Ericsson and Telia have founded a new initiative to set pre-2050 targets to reach net-zero emissions across their operations and supply chain.The leading brands are among the founding corporate members of a new initiative designed to help multinational supply chains align with the Paris Agreement.The new scheme binds the companies to enhance their long-term goals.

The U.S. Army Corps of Engineers has reissued permits for construction of a natural gas pipeline project in Virginia and West Virginia nearly two years after a federal appeals court invalidated them, citing environmental concerns.The new permits issued will allow construction to resume on the Mountain Valley Pipeline’s path across nearly 1,000 streams and wetlands, the Roanoke Times reported.

The Oil and Gas Authority’s (OGA) has for the first time expanded its benchmarking to the flaring and venting of greenhouse gases on the UK Continental Shelf (UKCS) - detailing flaring and venting activity levels in the North Sea and the resulting contribution to UK oil and gas greenhouse gas emissions.In a new report, OGA details the volume of gas flared and vented in offshore upstream oil and gas production last year was equivalent to 3% of all the natural gas produced in 2019.