Oil & Gas

should no development of new fields at all . Denmark , New Zealand and France have all announced bans on new oil and gas licensing . Ireland has outlawed future exploration and production while honouring existing licences . Most companies are pursuing a middle course , reducing emissions and energy output on their existing and new projects . Measures include elimination of flaring , CO2 re-injection , CCS , green hydrogen manufacture , biofuels , using solar , wind energy or hydro as energy input for an oil or gas field , or various technologies to reduce methane and carbon emissions . Many companies have produced an “ energy transition plan ” outlining in detail the steps they are taking to achieve 50 % emissions reduction by 2030 and net zero by 2050 .

Wind power

In addition , many European oil & gas majors are investing directly in renewable energies , especially solar and wind . Offshore wind is an obvious way for oil & gas companies to leverage their experience of operating in the high seas . This energy type is growing faster than onshore wind power and is spreading from Europe to Japan , the United States and elsewhere . An example is the Sunrise Wind Project in New York State , for which Aker has just awarded

The Hywind Tampen wind project , operated by Equinor . © Equinor / Ole Jørgen Bratland .

MRC Global Norway a contract for the valves ( check , control , relief and others ), instrumentation , piping , tubing and fittings . Apart from conventional wind farms consisting of towers attached to the seabed , floating wind farms are being pioneered . These would permit wind farms in deeper water . However , they are expensive and need to be scaled up and standardized to achieve commerciality . This effort is being driven by Equinor , which is

planning a large-scale commercial floating wind farm off the coast of Scotland 30 times larger than its Hywind Scotland project . It is teaming up with Technip Energies to produce steel semi-substructures with a simplified , more robust design .

Reference

( 1 ) GGFR , cited at https :// valve-world . net / routine-flaring-net-zero-in-2030 .

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