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Industry leaders to speak at Wood Mackenzie’s Energy & Natural Resources Summit: EMEA 2022 Join executives from QatarEnergy, Anglo American, Capricorn Energy PLC and Bank of America as event covers current energy market trends and outlook GlobeNewswire September 12, 2022 LONDON/HOUSTON/SINGAPORE, Sept. 12, 2022 (GLOBE NEWSWIRE) -- With new geopolitical orders affecting...

Join executives from QatarEnergy, Anglo American, Capricorn Energy PLC and Bank of America as event covers current energy market trends and outlookLONDON/HOUSTON/SINGAPORE, Sept. 12, 2022 (GLOBE NEWSWIRE)

Speakers from Shell, Wood Mackenzie and TechnipFMC agreed that offshore oil and gas production provides the lowest carbon barrels when compared to other producing regions.

Industry collaboration on carbon capture is key to unlock net-zero economy Carbon capture and storage (CCS) is seen as an essential requirement by the oil and gas industry for it to meet the targets of the Paris Agreement, however the only way it will become commercially viable is if companies collaborate to create shared-CCS hubs, according to Wood Mackenzie. © Shutterstock / Olivier Le Moal CCS will help unlock the net-zero economy Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our ...

“Under Wood Mackenzie’s 1.5°C Accelerated Energy Transition scenario, the world will still be producing – and using – just shy of 30 million barrels of oil per day in 2050," said Amy Bowe, carbon research head at Wood Mackenzie. "At the same time, global natural gas consumption will total around 3,200 billion cubic metres ... despite significant growth in renewables." Adding more renewables will not mitigate the impact of climate change, she said . "We must think in terms of carbon avoidance and carbon removal, which means accelerating the upscaling of carbon capture utilisation and ...