Tag: GREENHOUSE GAS EMISSIONS

Denmark, Costa Rica seek alliance to speed up the end of oil and gas

Denmark and Costa Rica are trying to forge an alliance of countries willing to fix a date to phase out oil and gas production and to stop giving permits for new exploration

Exxon sees ‘great opportunity’ for lower-emission oil output in Brazil

Exxon Mobil Corp sees its investments in Brazil’s offshore helping the company achieve a goal of lowering carbon emissions in its oil and gas production, country head Juan Lessmann said

CO2 emissions set to surge, IEA warns

Climate-changing CO2 emissions are set to surge by the second-biggest amount in history this year as the global economy recovers from the Covid-19 pandemic, the IEA warned

Oil to hit $40 by 2030 if climate goals are met

Global oil prices could drop to around $40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.-backed plans to limit global warming, a leading energy consultancy said

Pandemic, energy transition to hasten peak in global oil demand

The COVID-19 pandemic and a faster transition to renewable energy sources will have a permanent impact on global oil demand, Norway’s biggest independent energy consultancy Rystad predicted

Shell raises dividend as retail boost drives confidence

Royal Dutch Shell raised its dividend after easily beating quarterly profit forecasts and outlined plans to shrink its oil and gas operations as it presses forward with a transition to low-carbon energy

EU considers binding methane emissions standards for gas

The European Union is considering binding standards for natural gas to limit emissions of methane, the second-largest contributor to global warming after carbon dioxide

Repsol posts loss as COVID-19 sours oil outlook

Spanish oil and gas firm Repsol posted a quarterly net loss and wrote down $1.5 billion in assets as it revised down unusually high expectations for oil and gas prices over the next 30 years

Global oil demand, CO2 emissions likely peaked in 2019

The Norway-based energy consultancy said global energy use would be 8% lower in 2050 than previously expected due to the impact of the pandemic

Shell vows to become carbon neutral by 2050

Anglo-Dutch oil giant Royal Dutch Shell pledged to become carbon neutral by 2050, matching a commitment by rival BP as climate change looms large over the energy sector