Nov 30, 2017

Shell doubles spending on clean energy, and commits to halving carbon footprint

Green Energy
Sophie Chapman
2 min
Shell sets new targets to improve green energy outlook
The British-Dutch oil and gas company, Royal Dutch Shell plc, has announced plans to double its spending on clean power starting next year, a...

The British-Dutch oil and gas company, Royal Dutch Shell plc, has announced plans to double its spending on clean power starting next year, as well as vowing to helve its carbon footprint.

Shell will be increasing its capital expenditure for the new energies division, spending within US$1bn-$2bn a year between 2018-2020.

Prior the new plan, Shell had stated they would be spending up to $1bn a year by 2020.

The company has also set a target that aims to cut its net carbon footprint by one-fifth by 2035, and by a half in the next following 15 years.

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“It is making sure that the products within society have an overall lower carbon footprint. That is the longterm way of making sure our business remains a relevant business in the face of the energy transition,” reported Chief Executive of Shel, Ben van Beurden.

The company was faced with a carbon target proposal by shareholder activists at an annual general meeting earlier this year, which was similar to their new goals, but was opposed and defeated.

Shell stated that its goals addressed the spirit of the proposed targets without having any “negative side-effects”.

Ben van Beurden commented: “We could see a kernel of truth and relevance in there.”

Follow this, the activist group who proposed the targets responded to Shell’s changes, saying “We applaud Shell’s ambitious decision to take leadership in achieving the goals of the Paris climate agreement to limit global warming to well below 2C.”

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May 6, 2021

Global Offshore rebrands Enelift and invests in global hubs

Tubulars
rebrand
Globalhubs
Dominic Ellis
2 min
Enelift plans to augment existing solutions with robotics and remote operational and training technology

Global Offshore has rebranded Enelift and will invest "a seven-figure sum" in establishing new support hubs in Houston, Dubai, Singapore, Perth and the Caspian during the next six months.

The investment will cover oil, gas and renewables, mainly concentrating on manufacturing capability with associated R&D, as well as in stock held in the hubs.

The company’s flagship Hinge Lok technology provides aluminium, non-welded light weight transportation cradle for casing and tubing. Enelift now plans to enhance its offering by augmenting its existing solutions with robotics and remote operational and training technology, which will reduce manpower for handling offshore equipment that is transported and stored using the Hinge Lok system.

Enelift is partnering with "a Japanese robotics company" and the technology will be trialed with "a Norwegian operator on a Norwegian drilling rig", according to a statement.

Operating from its bases in Aberdeen, UK and Esbjerg, Enelift was founded by 35-year industry veteran and Managing Director Paul Brebner 10 years ago to offer the offshore energy industries safe, reliable and efficient storage and transportation of equipment.

The expansion plans are bolstered by the appointment of Jim Clark of the Craigendarroch Group to Chairman, and Adam Maitland to Non-Executive Director. Maitland is the Managing Director of Hutcheon Mearns IF, and brings his wealth of expertise in the field of corporate finance.

Brebner said Enelift may be a new name in the market, but the experience it brings is "industry renowned".

"Our solutions are underpinned by safety that enables inefficiencies and their associated costs to be eradicated – meaning operational personnel can focus doing what they do best, safely. We remain committed to providing the safest storage and transportation solutions for equipment in the sector as we grow our global operations," he said.

Clark said the market is changing and its solutions fully support customers’ economic and safety aspirations.

"We are very well placed to take full advantage of increasing opportunities in the Middle East, Africa, Far East and Americas. Safety is our absolute commitment to our customers and our support hubs will facilitate this. Aligning our identity to our entire offering ensures that we will drive our expansion through new products and global support sites across the rest of this year."

 

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