August 13th, 2020

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

August 14, 2020

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)

LGO TO SPUD INFILL WELL IN GOUDRON FIELD, TRINIDAD

March 07, 2017

LGO confirmed that Rig#18 has been successfully mobilised to the Goudron Field where it has been contracted to drill at least two infill wells to the Mayaro...

Read More+

WINDFARM SERVICE VESSEL WINDEA LEIBNIZ DELIVERED

March 07, 2017

Ulstein advised that it delivered the windfarm service vessel Windea Leibniz on 28 February 2017 with the naming ceremony held on 2 March. The vessel is...

Read More+

CHINA PUTS BLUEWHALE 1 SEMI-SUBMERSIBLE INTO SERVICE

March 06, 2017

China has put into service what it claims is the world’s largest and deepest-operating offshore oil exploration platform, the Bluewhale 1. As the first...

Read More+

OMV ENTERS YUZHNO RUSSKOYE FIELD IN WESTERN SIBERIA

March 06, 2017

OMV, the international integrated oil and gas company based in Vienna, is entering a major Upstream gas project in Russia with the signature of an agreement...

Read More+

SPECTRUM COMPLETES SANTOS CAMPOS PHASE 2 SURVEY

March 06, 2017

Spectrum announced the completion of the 17,700 km Santos Campos Phase 2 2D seismic survey offshore Brazil. The new acquisition program is an outboard...

Read More+

NEW GENERATION VVER-1200 REACTOR ENTERS COMMERCIAL OPERATION

March 06, 2017

Russia’s Rosenergoatom advised that one of the key events of nuclear industry in Russia and the world has happened at Novovoronezh NPP – the newest...

Read More+

BHP BILLITON AND PEMEX SIGN AGREEMENT FOR TRION DISCOVERY

March 06, 2017

BHP Billiton has advanced its exploration and production interests in the Gulf of Mexico by executing a contract with Pemex Exploration & Production...

Read More+

WINTERSHALL FORCED TO ABANDON SCIENTIFIC RESEARCH IN NORTH RHINE-WESTPHALIA

March 06, 2017

Wintershall, Germany’s biggest crude oil and natural gas producer, has abandoned plans to carry out further scientific research into shale gas in the...

Read More+

THE ENNORE OIL SPILL, NEAR CHENNAI

March 05, 2017

On 28 January 2017 at 04:00 local time, the empty LPG Tanker M.T. BW Maple collided the oil tanker M.T. Dawn Kanchipuram at about 2 nautical miles outside...

Read More+

SIKORSKY S 76 HELICOPTER CRASHES ON PETROBRAS P-37 FPSO

March 04, 2017

On February 1, Petrobras reported that a Sikorsky S 76 helicopter, owned and operated by Omni Taxi Aereo, landed hard and crashed on the helideck of the...

Read More+

EXXONMOBIL CAPITAL SPENDING UP 16%

March 04, 2017

ExxonMobil capital spending will be up to $22 billion in 2017, an increase of 16 percent from 2016. Capital and exploration expenses through the end of...

Read More+

NEW MI-171 HELICOPTER STARTS OPERATIONS IN VANKOR FIELD

March 03, 2017

Two new Mi-171 helicopters started transport shift teams to the fields of Vankor cluster as a part of the implementation of Rosneft policy for modernization...

Read More+