A new Horizons report from Wood Mackenzie highlights the need for companies and governments to take urgent action to reduce methane emissions and enforce new standards, suggesting that COP28 could prove a landmark moment for methane reduction commitments
Energy Transition
New technology that reduces carbon intensity of production receives SGS certification
![Treatments could boost crude oil production by 10-45%, while lowering the carbon intensity by 7-20%. (Image source: Locus Technology)](/images/Locus-Low-Carbon-Press-Release-Header-Hires-2.jpg)
Treatments could boost crude oil production by 10-45%, while lowering the carbon intensity by 7-20%. (Image source: Locus Technology)
Global certification leader SGS has certified an oil and gas technology developed by Locus Bio-Energy that can reduce the carbon intensity of production while increasing extraction
Stronger measures needed to limit global warming to 1.5°C: IEA
![Demand for fossil fuels is set to remain far too high to achieve climate goals, the IEA says. (Image source: Adobe Stock)](/images/onshore_oil_rig_for_new_website-_AdobeStock_310650242.jpg)
Demand for fossil fuels is set to remain far too high to achieve climate goals, the IEA says. (Image source: Adobe Stock)
Slashing methane emissions from fossil fuel operations by 75% is one of the measures recommended by the IEA to keep alive the goal of limiting global warming to 1.5°C
The key role of UEST (Underground Energy Storage Technologies) in the energy transition
![UEST is a strategic partnership of the HOT Energy Group, the ILF Group, RED Drilling & Services and CAC Engineering. (Image source: UEST)](/images/UEST_visual.jpeg)
UEST is a strategic partnership of the HOT Energy Group, the ILF Group, RED Drilling & Services and CAC Engineering. (Image source: UEST)
UEST is a strategic partnership of the HOT Energy Group, the ILF Group, RED Drilling & Services and CAC Engineering
OGCI member companies step up low-carbon investment to US$24.3bn
![Renewable energy technologies such as wind and solar accounted for the largest share of low-carbon investment. (Image source: Adobe Stock)](/images/OGCI_-_solar_-_AdobeStock_171702936.jpg)
Renewable energy technologies such as wind and solar accounted for the largest share of low-carbon investment. (Image source: Adobe Stock)
Oil and Gas Climate Initiative (OGCI) member companies stepped up low-carbon investment in 2022 to US$24.3bn, up 66% compared with the previous year, according to the group’s annual Progress Report