CCUS Projects are Slowly Getting off the Ground but the Volume Needed is Huge

By Julian Singer In an on-line event arranged by the Oxford Martin School on 1 March three experts explained how captured carbon could be stored underground and how much storage would be needed. Carbon capture usage and storage (CCUS) is a part of all four IPCC[1]scenarios for reaching net zero CO2 emissions in 2050, and [...]

By | 2021-03-09T09:58:11+00:00 March 9th, 2021|Oil & Gas|Comments Off on CCUS Projects are Slowly Getting off the Ground but the Volume Needed is Huge

The big battalions 2: Total

By Barney Smith Big Oil is under unprecedented pressure. Accelerating global action on climate change is forcing powerful companies to move into new and unfamiliar energy markets. In addition, the Covid pandemic has hammered oil prices and catalysed the move towards renewable energy in many parts of the world. Greenbarrel has outlined the rather different [...]

By | 2021-03-01T12:32:19+00:00 March 2nd, 2021|Oil & Gas|Comments Off on The big battalions 2: Total

The Big Battalions 2: BP

By Barney Smith For BP, as for Shell, the objective is to gradually move to become a different sort of energy company while preserving the more immediate returns from oil and gas which will still be needed by consumers for years, if not decades, to come. But BP, unlike Shell, has so far received a [...]

By | 2021-02-26T09:11:37+00:00 February 25th, 2021|Oil & Gas|Comments Off on The Big Battalions 2: BP

The Big Battalions 2: Shell

By Barney Smith Last year was a tough year for all oil companies as is testified by the rash of results just issued. Shell, BP (and Exxon Mobil) have each admitted losses of around US$20 billion, caused directly, or indirectly, by Covid and the collapse of the oil price. They all know that the good [...]

By | 2021-02-16T20:49:37+00:00 February 16th, 2021|Oil & Gas|Comments Off on The Big Battalions 2: Shell

Climate Change and the big battalions: Total

By Julian Singer Which was the first European oil company to invest in renewable energy? In 2002 under John Browne, BP famously re-named itself Beyond Petroleum but abandoned this vision after his departure and following the Macondo disaster in 2010. DONG Energy (Danish Oil and Gas) sold its oil and gas business to INEOS in [...]

By | 2020-11-06T17:12:17+00:00 November 5th, 2020|Oil & Gas|Comments Off on Climate Change and the big battalions: Total

Climate Change and the big battalions: Shell

By Barney Smith Like so many of the other big oil companies, including BP, Shell started the year in reasonable shape, with the share price at 2,290.50. As the various crises (not just the corona virus) hit the world of oil, Shell’s share price, like that of the other oil majors, followed the oil price [...]

By | 2020-11-04T16:58:18+00:00 November 4th, 2020|Oil & Gas|Comments Off on Climate Change and the big battalions: Shell

Climate Change and the Big Battalions: BP

By Barney Smith Many years ago, when the world was young, we managed Oilbarrel, a successful website and conference business. Oil and gas were flavour of the month and the world’s largest company by market cap was ExxonMobil. How times have changed. Now, according to the Economist and the Financial Times, Nextera, a renewables company based [...]

By | 2020-11-02T18:32:46+00:00 November 3rd, 2020|Oil & Gas|Comments Off on Climate Change and the Big Battalions: BP

Carbon capture – a helpful stopgap or an unfeasible decoy?

By Oliver Nelson-Dummett At the UN Climate Action Roundtable last month, Boris Johnson declared that he was a “complete evangelist” for the technology known as carbon capture and storage (CCS). The broad idea is to remove carbon dioxide emissions from large sources, such as power plants, and deposit it securely underground. CCS proponents claim that [...]

By | 2020-10-18T18:33:08+00:00 October 20th, 2020|Oil & Gas|Comments Off on Carbon capture – a helpful stopgap or an unfeasible decoy?

BP: The Energy Transition and Renewables

By Barney Smith The new Boss of BP, Bernard Looney, has announced a major change of direction for BP. The company will now deliver energy solutions for customers, rather than producing from its own resources, the traditional role of an oil and gas company. He has introduced some radical targets. They have major implications for [...]

By | 2020-08-15T09:49:09+00:00 August 11th, 2020|Oil & Gas|Comments Off on BP: The Energy Transition and Renewables

Why does Boris not seek to garner the environmentalist vote in the UK? What about CCS?

By Barney Smith The last French local elections held a clear message: a large number of voters deserted their old allegiances and voted for the environmentalists. The "deserters" seem to have included former socialists and, to a lesser degree, former conservatives. This trend could also be seen to be the result of the local elections [...]

By | 2020-07-09T17:09:57+00:00 July 8th, 2020|Oil & Gas|Comments Off on Why does Boris not seek to garner the environmentalist vote in the UK? What about CCS?