Aneta Paunoska

offshore wind

Bourbon group and Horizon collaborate for oil, gas, and wind operations

Renewables, Wind

International offshore energy contractors Horizon Maritime and Bourbon have formed a joint venture (JV) to support activities in the Canadian Atlantic and North Sea offshore oil and gas industries. Cliff Gaetz will serve as the managing director of the JV Bourbon Horizon, which will have bases in Fosnavåg, Norway, and St. John’s, Newfoundland, Canada, with …

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The first global sustainability guidelines set

The G20-backed standards board sets the first global company sustainability guidelines

Policy

Following efforts to end “greenwashing” in a crucial year for climate reporting, the G20-backed International Sustainability Standards Board on Thursday agreed first company sustainability baseline guidelines for companies describing how climate change affects their business. The standards are anticipated to be put into use in annual reports beginning in 2024, subject to “balloting,” or standard …

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EU to reconsider its green investment label for aviation

Environmentalists call on the EU to reconsider its green investment label for aviation

Energy Transition, Policy

The environmental advocacy organization Transport & Environment urged the European Union to reconsider proposals to identify some aviation investments as green. They warned that green investment label runs the risk of “greenwashing” thousands of CO2-emitting aircraft. The EU’s “taxonomy” list of investments that promote climate change is currently up for debate by the European Commission. …

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Honeywell carbon capture technology will save Exxon's money

Honeywell carbon capture technology to be used in Exxon hydrogen facility

Renewables

At a potential hydrogen production facility in Texas, Exxon Mobil Corp will utilize carbon capture technology from Honeywell International Inc to absorb carbon dioxide, according to Honeywell. According to Honeywell, the technology would allow Exxon to capture almost 7 million tons of carbon dioxide (CO2) annually, which is the same as the annual emissions from …

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Global Canopy report: There is lack of deforestation policy

Global Canopy report: Many companies and financial firms don’t have a deforestation policy

Sustainability

According to a report released today, nearly half of the businesses most dependent on the commodities driving deforestation – as well as the financial institutions that support them – have no deforestation policy in place to stop it. An analysis of 350 corporations with the most exposure to palm oil, soy, beef, leather, lumber, and …

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EGYPS 2023

EGYPS 2023: Egypt plans carbon emissions reduction and digital transformation

Finance & Investment

Five agreements for collaboration and memorandums of understanding (MoUs) between the petroleum industry and significant international energy and technology corporations were signed in front of Tarek El-Molla, petroleum minister of Egypt. The memoranda of understanding and agreements seek to advance bilateral collaboration in the areas of lowering carbon emissions, supporting digital transformation, promoting sustainability, and …

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The EU welcomes (almost) green nuclear-derived hydrogen

The EU welcomes (almost) green nuclear-derived hydrogen

Energy Transition

In a victory for France, which favors nuclear power, the European Commission announced regulations on Monday that may let some of the nuclear-derived hydrogen produced in nuclear-based energy systems contribute toward EU renewable energy objectives. The rules are intended to encourage investors and companies to switch from hydrogen produced from fossil fuels to renewable electricity …

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Emerson at EGYPS 2023

EGYPS 2023: Emerson to show their innovative and sustainable technologies

Innovation & Technology

Emerson, a pioneer in global software and engineering, participates in the Egypt Petroleum Show (EGYPS 2023), which holds at the Egypt International Exhibition Centre in Cairo from February 13–15. Emerson will present cutting-edge technologies for process automation, digital transformation, and asset optimization at the event, which is being sponsored by His Excellency Abdel Fattah El …

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