A potential peak in greenhouse gas emissions, methane efforts and climate finance are among the reasons for optimism. If current growth in renewable energy continues, and if countries take action on cutting greenhouse gases such as methane, then next year could be the year in which greenhouse gas emissions at last reach their peak. These...
Deep divisions over how to combat global warming at the next climate summit were on display this week, as efforts to green the world’s energy system were challenged by oil and gas executives, and petrostates. As world leaders and top officials gathered in New York ahead of the UN COP28 climate summit in ten weeks,...
Adnoc Drilling, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), is significantly expanding operations and fleet. Last week, it added three high-spec jack-up rigs to its fleet. The Yas, Ramhan, and Salamah have arrived in UAE waters, ready to join the operational fleet. A few days earlier, the company sent an upgraded jack-up...
The CDP’s Oil and Gas Benchmark report assessed 100 oil and gas companies on low-carbon transition and just transition indicators. Top oil and gas companies have made “almost no progress” in reaching the climate goals agreed as part of the 2015 Paris climate summit, environmental disclosure non-profit CDP said on Thursday. The CDP’s Oil and...