Carbon capture license awarded to Eni
The Oil and Gas Authority (OGA) is pleased to announce it has awarded a carbon dioxide (CO2) appraisal and storage license (CS licence) to Eni UK Limited (Eni).
Texas oil regulator adopts new flaring rules
Texas oilfield production workers will now be required to show why they need permission to flare or vent natural gas under updated rules approved by state regulators.For several months the Railroad Commission of Texas (RRC) has weighed how to balance exploration and production (E&P), particularly in the oilfields in the Permian Basin and Eagle Ford Shale.
BKR signs agreement to acquire Compact Carbon Capture
Baker Hughes (BKR) announced that it is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions.
Oxy first US oil major to target net zero emissions
Occidental Petroleum Corp. (Oxy) has became the first major U.S. oil producer to aim for net zero emissions from everything it drills, extracts and sells.
Enbridge joins Shell, BP with 2050 emissions goal
Enbridge Inc. became the largest company in the North American oil industry to set a goal of eliminating all net emissions from its operations by 2050, joining major European producers in providing climate-conscious investors with a plan to tackle global warming.The pipeline giant also established an interim target of reducing the intensity of greenhouse gas emissions from its operations by 35% by 2030, according to environmental, social and corporate governance targets.
