TOPICS OF INTEREST
Total Officially Enters Libya’s Waha Concessions
Total will invest $650 million in the development of two main projects, North Gialo and NC 98, resulting in a 180,000-B/D increase in production.
Repsol Becomes First Oil Company To Aim For Net-Zero Emissions By 2050
The Spanish oil and gas company says existing or foreseeable technologies will achieve at least 70% of its ambitious plan to shrink its carbon footprint.
Oil and Gas UK Calls for Urgent Action on Carbon Capture and Storage
Rapid scale-up of CCUS projects is critical to achieving net-zero carbon emissions by 2050.
Short-Term Headwinds and Fundamental Long-Term Change Will Challenge Oil and Gas Industry in 2020
Macroeconomic and business risks, investor uncertainty, and the energy transition highlight the challenges outlined in the report.
European Investment Bank To Stop Funding Oil and Gas Projects
The bank funded some €2 billion in projects last year.
IEA Outlook Highlights Deep Disparities in Global Energy System
Annual report says that governments have the greatest capacity and responsibility to shape the energy future.
Oilfield Service Firms Branch Out Past Oil and Gas
Service firms are diversifying their portfolios, in part driven by large-scale budget cuts among operators since the industrywide downturn.
The New Baker Hughes Goes From Blue To Green
The 100-year-old service company has joined the effort to achieve net-zero carbon emissions over the next 30 years. The move follows similar companywide efforts by BP and Shell.
Oxy Starts Up Solar Facility To Power Permian EOR
The 16-MW solar facility in Ector County, Texas, near Odessa, powers the Goldsmith field through deployment of 174,000 photovoltaic panels.
Industry’s Difficult Task: Meet Global Demand While Lowering Emissions
Panelists at the opening general session of the SPE Annual Technical Conference and Exhibition acknowledged the industry’s daunting challenge of meeting global demand while reducing its carbon footprint.
Transforming Natural Resource Management for a Sustainable Planet
This paper presents the recent expansion of UNFC guidance to cover social and environmental effects and the further transformation of the system to make it a valuable tool in resource management for governments and businesses.
Wood Mackenzie: Peak Oil Demand Is Coming, Will Transform Exploration Sector
The confluence of alternative energies, shifting public sentiment, and the industry’s own improvements to existing fields may upend the industry’s “engine of growth.”
What Does the New Silk Road Mean For Oil and Gas?
Executives from two of Asia’s largest national oil companies declared China’s Belt and Road Initiative project a driving force behind their shifting priorities to diversify the world’s energy mix.
How the Oil and Gas Industry Is Contributing to Sustainability
In September 2015, the United Nations adopted 17 Sustainable Development Goals, addressing the global challenges facing humanity, including poverty, inequality, health, education, energy, climate, the environment, and prosperity.
One Industry of Global Citizens
An assortment of sustainability initiatives shows how the oil and gas industry, leveraging its reach, diversity, and resources, is going well beyond just supplying energy to impact the world for the better.
The Challenge of Public Perception
Are you annoyed by all the wrong things passing for facts about oil and gas? A lot of petroleum engineers are. As for what to do to solve the problem, that gets complicated, and likely will require studying psychology.
Sustainability Means Survivability for the Oil and Gas Industry, World Abroad
Sami Alnuaim, 2019 SPE president, welcomed the addition of two new oil and gas sustainability initiatives at the University of Houston and highlighted a number of ways the industry is already acting as a good global steward.
SPE Agreements Will Promote Social Responsibility, Sustainability
SPE signed agreements with two leading industry associations to promote knowledge sharing and best practice in social responsibility.
Community Engagement and Partnership for Successful E&P Operations in Bolivia
Relationships and engagement with communities in direct areas of influence is of paramount importance for successful exploration and production (E&P) operations.
Opening Session Tackles Economic and Environmental Sustainability
SPE’s annual meeting opened Monday morning with a look at the economic and environmental sustainability of the oil and gas industry.
Southwestern Energy Operations Become Freshwater Neutral
The company makes good on a pledge to reduce freshwater use and replenish the fresh water it uses.
Shell Expands Investments in Solar Energy
Shell invested in a Singapore solar company and signed an agreement to purchase a Texas company with solar and other renewable assets. Along with its minority stake in a company that uses solar to generate steam for EOR in the Middle East, Shell catches some rays in the Asia Pacific, US, and Oman.
Solar EOR Firm Looks To Heat Up the Competition
In thermal enhanced oil recovery there is one big ingredient: steam. A new startup from Germany believes it has found the oil industry’s cheapest way to make it.
Building Relationships With a Marginalized Community in Iraq
A consortium of international and national Iraqi oil and gas companies took operatorship of the Qarmat Ali water-treatment plant. They engaged and responded to community expectations for social investment while addressing the effects of operations.
Climate Change and SPE
Last year, SPE created a task force to study the topic of climate change and to determine if a public position statement should be created. After a year-long review, it recommended that we not develop a statement on climate change, which was accepted by the SPE Board of Directors in March.
Industry Perspectives Vary on Implementing Effective Social Performance
Social responsibility has become a common term but what defines “social performance?” In a globalized economy, with multinational corporate and state actors having a more immediate effect on individual lives than ever before, social performance initiatives should not be viewed as an expendable cost.
Joining Forces for Sustainable Communities
Global, multinational companies often make commitments for local infrastructure as a condition to do business in host countries.
Corporate Social Responsibility Vital to Industry Operations
Corporate social responsibility (CSR) programs are a critical part of oil and gas project development. As companies continue to work in more densely populated communities, they have become better at working with local authorities to protect the interests of the people their operations affect.
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