Oil and Gas Climate Initiative
Date: 2020-11-13
As previously reported, the 12-member Oil and Gas Climate Initiative (OGCI) is reported to have agreed to reduce the average carbon intensity of their aggregated upstream oil and gas operations to between 20 kg and 21 kg of CO2 equivalent (CO2e) per barrel of oil by 2025.

OGCI members include: Saudi Aramco, ExxonMobil, BP, China's CNPC, Total, Chevron, Royal Dutch Shell, Repsol, Petrobras, Occidental Petroleum, Eni and Equinor. (Source: OGCI, July, 2020) Contact: Oil and Gas Climate Initiative, +44 (0)203 922 0853, www.oilandgasclimateinitiative.com

More Low-Carbon Energy News Oil and Gas Climate Initiative news,  Carbon Emissions news,  

Petrobras
Date: 2020-09-23
Brazilian state-owned oil and gas company Petrobras reports it is is working to reduce the carbon intensity of its refining segment by 16 pct by 2025 and plans to produce "new, more modern and sustainable fuel" such as renewable diesel and aviation biokerosene under its Biorefino 2030 program.

The company is also betting on aviation biokerosene -- "BioQAv" -- which is set to become mandatory in Brazil from 2027. The production process of the fuel, through hydrogenation, uses the same raw materials required for the production of renewable diesel. At the same time, industrial units producing BioQAv have renewable diesel as a co-product. (Source: Petrobras, PR 22 Sept., 2020) Contact: Petrobras, Pedro Parente, CEO, sac@petrobras.com.br, www.petrobras.com

More Low-Carbon Energy News Petrobras,  Renewable Diesel,  Aviation Biofuel,  

Oil and Gas Climate Initiative
Date: 2020-07-22
The 12-member Oil and Gas Climate Initiative (OGCI) is reported to have agreed to reduce the average carbon intensity of their aggregated upstream oil and gas operations to between 20 kg and 21 kg of CO2 equivalent (CO2e) per barrel of oil by 2025.

OGCI members include: Saudi Aramco, ExxonMobil, BP, China's CNPC, Total, Chevron, Royal Dutch Shell, Repsol, Petrobras, Occidental Petroleum, Eni and Equinor. (Source: OGCI, July, 2020) Contact: Oil and Gas Climate Initiative, +44 (0)203 922 0853, www.oilandgasclimateinitiative.com

More Low-Carbon Energy News Oil and Gas Climate Initiative,  Carbon Emissions,  

Petrobras
Date: 2020-07-06
Brazilian state-run oil and gas giant Petroleo Brasileiro SA reports it is selling all of its shares in its wholly-owned subsidiary biofuels unit Petrobras Biocombustivel SA (PBIO) and its three biodiesel plants.

According to Petrobras, PBIO is one of Brazil's largest biodiesel producers with 580,000 cubic metres of production capacity with 5.5 pct market share in 2019 (Source: Petrobras, 3 July, Renewables, 2020) )Contact: Petrobras , Pedro Parente, CEO, sac@petrobras.com.br, www.petrobras.com

More Low-Carbon Energy News Petrobras,  Biodiesel,  Biofuel,  

Oil and Gas Climate Initiative
Date: 2019-10-28
In London, the thirteen-member Oil and Gas Climate Initiative (OGCI) is reporting a $1 billion commitment to support the goals of the Paris Climate Accord -- including investments in carbon capture, use and storage (CCUS) and supporting carbon taxes and economic incentives aimed at reducing emissions.

Initially, OGCI will help decarbonize multiple industrial hubs in the United States, United Kingdom, Norway, the Netherlands and China. The OGCI also aims to build on the industry's reduction in methane emissions (9 pct in 2018) and to include carbon emissions in hope that future temperature increases will not exceed 2 degrees Celsius. To complement its methane emissions-intensity target, OGCI seeks to reduce collective average carbon intensity by 2025.

The OGCI member companies -- BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Pemex, Petrobras, Repsol, Saudi Aramco, Shell and Total -- account for 32 pct of global operated oil and gas production, according to the OGCI website. (Source: OGCI, Alex Mills, Tims Record News, 28 Oct., 2019) Contact: Oil and Gas Climate Initiative, +44 (0)203 922 0853, contact@climateinvestments.energy, www.oilandgasclimateinitiative.com

More Low-Carbon Energy News Oil and Gas Climate Initiative ,  

Equinor ,YPF Luz.
Date: 2019-08-09
Oslo-headquartered Norwegian oil and gas major Equinor -- fka Statoil -- reports it has entered the Argentine wind-power market with a $30 million share purchase bid for a 50 pct stake in the 120MW Canadon Leon wind farm project, which is owned and being built in Santa Cruz Province by the state controlled power company YPF Luz.

Equinor holds a 50 pct indirect interest in the 100MW Guanizul 2A solar farm and recently signed a memorandum of understanding with Petrobras to investigate Argentina's offshore wind energy potential. (Source: Equinor, Recharge, 7 Aug., 2019) Contact: Equinor, Pal Eitrheim, VP New Energy Solutions, www.equinor.com; YPF Luz, www.ypfluz.com

More Low-Carbon Energy News Equinor ,  Wind,  YPF Luz. ,  

Petrobras
Date: 2019-08-09
"About renewables, we are investing in research and we will just not invest in operational assets because it is something that requires competencies different from the oil & gas business.

"If we decide to enter the game (renewable energy) we want to enter to win, we will not rush in without thinking just because other oil majors are doing so. We don't want to lose money.

"There is a lot of marketing and only a few real actions. There are people (oil companies) announcing that they are committed to 'better energies' and what have you, but if you look at the European companies, the ones that are leading announcements in renewables, the projections for the participation of renewables in their revenues in 2030 is of 1 pct, 1.5 pct tops." -- Roberto Castello Branco, CEO, Petrobras, Aug., 2019

More Low-Carbon Energy News Petrobras,  

Climate Change
Date: 2019-05-13
In Rio de Janiero, Brazil, the Rio Times is reporting as many as 100 companies are responsible for more than 70 pct of global greenhouse gas emissions since 1988, according to data from Carbon Disclosure Project (CFP) in July 2017.

The 25 largest polluters, responsible for 50 pct of CO2 emissions, are, by descending order: China (state-owned coal production), Aramco, Gazprom, Iranian National Petroleum, ExxonMobil, Coal India, Pemex, Russia (state-owned coal production), Shell, China National Petroleum, BP, Chevron, PDVSA, Abu Dhabi National Petroleum, Poland Coal, Peabody Energy, Sonatrach, Kuwait Oil, Total, BHP Billiton, ConocoPhillips, Lukoil, Rio Tinto, Nigeria National Petroleum, and Petrobras, the only Brazilian company on the list.

The top 100 companies control most of the world's mineral rights, for oil, gas, and coal. Houston is considered the "home" of 7 of these 100 companies, followed by Jakarta, Calgary, Moscow, and Beijing.

(Source: The Rio Times, May, 2019) Contact: The Rio Times, Richard Mann, Contributing Reporter, www.riotimesonline.com

More Low-Carbon Energy News Carbon Emissions,  CO2,  Climate Change,  

Petrobras,Equinor
Date: 2018-10-03
Petrobras reports it has inked has a MOU with Oslo, Norway-based Equinor -- fka Statoil -- to evaluate an offshore wind development in Brazil. The two companies have been researching other potential areas for cooperation including the development of renewable energy initiatives.

Petrobras has four wind farms in partnership, totaling 104 MW in installed capacity. The company also owns a 1.1 MW solar photovoltaic power research and development plant in Rio Grande do Norte where the operations of four types of technology are currently under evaluation.

Equinor operates three wind farms along the coast of the U.K. and is involved in offshore wind projects in the U.K., Germany and the U.S.(Source: Petrobras, Maritime Exec., 2 Oct., 2018)Contact: Petrobras , Pedro Parente, CEO, sac@petrobras.com.br, www.petrobras.com; Equinor, www.equinor.com/en

More Low-Carbon Energy News Petrobras,  Wind,  Brasil Wind,  Equinor,  

Petrobras,Oil and Gas Climate Initiative
Date: 2018-01-31
In Brazil, Rio de Janeiro-headquartered Petrobras to is reporting it is joining the Oil and Gas Climate Initiative (OGCI), a CEO-led group of oil and gas companies that intends to lead the industry's response to climate change and reduce greenhouse emissions. OGCI existing members include BP, CNPC, Eni, Pemex, Repsol, Saudi Aramco, Shell, Statoil and Total.

The OGIC's billion-dollar investment arm -- OGCI Climate Investments -- supports the development, deployment and scale-up of low emissions technology. Taken together, oil and gas production by OGCI member companies represents more than a quarter of the world’s oil and gas production.

Petrobras, headquartered in Brazil, is a publicly-held company active in exploration and production, refining, marketing, transportation, petrochemicals, oil product distribution, natural gas, electricity, chemical-gas and biofuel segments. It has a presence in 19 countries and employees around 70,000 people. (Source: Petrobras, MarEx, Others, 28 Jan., 2018) Contact: Petrobras , Pedro Parente, CEO, sac@petrobras.com.br, www.petrobras.com; Oil and Gas Climate Initiative, www.oilandgasclimateinitiative.com

More Low-Carbon Energy News GHGs,  Climate Change,  Carbon Emissions,  Petrobras,  Oil and Gas Climate Initiative ,