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)

MEYGEN SETS NEW TIDAL ENERGY PRODUCTION RECORD

September 01, 2017

Atlantis, a global leader in the marine power generation sector, provides an operational update for Phase 1A of the MeyGen project in the Pentland Firth....

Read More+
CGG SIGNS VAST OFFSHORE SURVEY PROGRAM OVER BEIRA HIGH

September 01, 2017

CGG announces that it has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP) following a competitive tender...

Read More+
ODFJELL SELLS ROBOTIC DRILLING SYSTEMS TO NABORS

September 01, 2017

The shareholders of Robotic Drilling Systems AS (RDS) have today entered into an agreement to sell all shares in RDS to Nabors Industries. Odfjell Drilling...

Read More+
LUNDIN SPUDS EXPLORATION WELL ON BORSELV PROSPECT

August 31, 2017

Lundin Petroleum AB (Lundin Petroleum) announced that its wholly owned subsidiary Lundin Norway AS has commenced drilling of exploration well 7220/6-3...

Read More+
BAKER HUGHES WINS MAJOR CONTRACT FOR CORAL SOUTH

August 31, 2017

Baker Hughes, a GE company has announced a second major contract for Eni East Africa’s (EEA) Coral South FLNG development, offshore Mozambique, underlining...

Read More+
GOANNA EXPLORATION WELL COMMENCES OFFSHORE NORWAY

August 31, 2017

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and...

Read More+
ENGIE TO DEVELOP FIRST WIND PROJECT IN THE GOBI DESERT

August 31, 2017

ENGIE will build and operate the Sainshand wind farm in Mongolia, its first renewable project in the country, located in the Gobi desert. This project,...

Read More+
TOTAL STARTS PRODUCTION OF EDRADOUR AND GLENLIVET

August 30, 2017

Total has started-up production from the Edradour & Glenlivet gas and condensate fields, located in about 300 to 435 metres of water in the West of...

Read More+
TechnipFMC BAGS WEST WHITE ROSE CONTRACT OFFSHORE CANADA

August 30, 2017

TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project...

Read More+
FORTH PORTS AND OFFSHORE DECOM FORM JV AF DUNDEE

August 30, 2017

Forth Ports Limited and AF Offshore Decom UK announced the signing of a Heads of Agreement with the intent to establish a new joint venture, AF Dundee,...

Read More+
CGG STARTS ESPIRITO SANTO IV SURVEY

August 30, 2017

CGG announced the start of work on Espirito Santo IV, a large BroadSeis 3D multi-client survey in the deep and ultra-deep waters of the Espirito Santo...

Read More+
HURRICANE HARVEY GROUNDS PARAGON DPDS1 IN CORPUS CHRISTI

August 29, 2017

On Saturday 26 August, the Paragon DPDS1, a 449-foot drillship owned by Houston-based Paragon Offshore broke free from its moorings, sank one of two tugboats...

Read More+