PETROFAC SETS NEW TARGETS TO MEET UK’s NET ZERO GOAL

UK's Petrofac announced two important environmental and gender diversity targets to advance its broader sustainability agenda. Sustainability is at the core of Petrofac’s strategy and critical to creating long-term value for all stakeholders. The Company’s purpose is focused on enabling clients to meet the world’s evolving energy needs, and to work collectively with industry to achieve a more sustainable, inclusive and diverse energy sector.
Group Chief Executive Ayman Asfari said:
“Our vision is to be the preferred services partner to the energy industry, trusted to deliver to high quality and standards. Our sustainability agenda is key to this aspiration and the environmental and diversity targets we are announcing today represent a significant step forward.
“Our Net Zero target supports the principles of the Paris Agreement, the UK government’s Net Zero goal, and is aligned with our clients’ own ambitions as the sector moves to a net zero future. Our gender diversity target will help develop more women leaders for Petrofac and our industry, and builds on our work of increasing female representation at both Board and junior levels.
“Sustainability is at the core of our strategy, underpinning best-in-class delivery, future growth and enhanced returns. It allows us to help clients decarbonise their activities as well as our own; promote safe, local delivery and ethical value chains underpinned by rigorous compliance and governance; and build a diverse workforce that helps address the sector’s skills gap.”
“We aim to reduce our Scope 1 and 2 emissions to Net Zero by 2030, and work to influence our supply chain to set their own reduction targets. Our Net Zero Strategy of ‘Reduce, Transform, Enable’ will focus the business on three areas:

• Reduce - cut our emissions by implementing energy efficiencies and low carbon strategies on sites and operations, optimising our operations and methods of construction and advancing flare and venting reduction and carbon abatement plans.
• Transform - adopt new technologies such as phasing in hybrid and electric vehicles on site, decarbonising our heating and cooling systems by switching to renewable electricity where available and fitting smart building technology in our offices to maximise energy efficiency.
• Enable - support our clients, partners and suppliers in their lower carbon ambitions, enable flexible and agile working practices, continue to embed emission reductions targets in management scorecards and incentivise our staff to be advocates for Net Zero.”
(Source: Petrofac)

Rig N’Fly PLATFORM APPROACH CERTIFIED FOR AIRBUS H175

October 11, 2017

Airbus Helicopters has received EASA certification for the Rig’N Fly (Rig Integrated GPS approaches with eNhanced Flyability and safetY) for its H175...

Read More+
TOTAL HIRES MAERSK DELIVERER TO DRILL OFFSHORE SABAH

October 11, 2017

The Semi-submersible Maersk Deliverer has been awarded a contract in Southeast Asia by Total E&P Malaysia. With an estimated duration of 60 days, the...

Read More+
LUNDIN SPUDS EXPLORATION WELL ON HUFSA PROSPECT IN THE BARENTS SEA

October 11, 2017

Lundin Petroleum announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 7219/12-2 on the...

Read More+
TOTAL TO REINFORCE EXPLORATION IN GUINEA CONAKRY

October 10, 2017

Total and the National Office of Petroleum of Guinea (ONAP) signed a Technical Evaluation Agreement to study deep and ultra deep offshore areas located...

Read More+
OOSTENDE RENTEL: LANDFALL OF EXPORT CABLE IN ZEBBRUGES

October 10, 2017

The Rentel offshore wind project announced the landfall of its export cable in Zebbruges located on the Belgian coast of the North Sea. The cable, with...

Read More+
CHEVRON STARTS LNG PRODUCTION AT WHEATSTONE

October 10, 2017

Chevron Corporation has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to be...

Read More+
UK NORTH SEA: STATOIL HITS GAS IN VERBIER

October 10, 2017

Statoil and partners have made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf, proving a minimum of...

Read More+
BORR DRILLING ACQUIRES PREMIUM JACKUP RIGS FROM PPL SHIPYARD

October 09, 2017

Borr Drilling the signing of a Master Agreement for the acquisition of nine premium jack-up rigs from PPL Shipyard Pte Limited. The acquisition will increase...

Read More+
GAZPROM NEFT DISCOVERS NEW FIELD IN OKHOTSK SEA

October 09, 2017

Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft has completed drilling of a prospecting and appraisal well at its Ayashsky licence block, located on...

Read More+
ENCANA STARTS UP SECOND MONTNEY PLANT

October 09, 2017

Encana successfully started up the Sunrise processing plant on September 27, under budget and more than one month ahead of original schedule. Sunrise is...

Read More+
BORR DRILLING AND SCHLUMBERGER SIGN COLLABORATION AGREEMENT

October 09, 2017

Borr Drilling Management DMCC and Schlumberger signed an agreement to offer integrated, performance-based drilling contracts in the offshore jack-up market...

Read More+
KASHIWAZAKI-KARIWAN WORLD’s LARGEST NUCLEAR PLANT TO RESTART

October 09, 2017

Japan's Nuclear Regulation Authority (NRA) atomic energy watchdog confirmed that the number 6 and 7 reactors at the Kashiwazaki-Kariwa, located on the...

Read More+