• Upstream
  • Pipelines & Transport
  • Downstream
Tuesday, September 16, 2025
Oil&Gas Advancement
EURASIAN LUBRICANTS SHOW
  • Home
  • News
    13bn Worth Iraq Project

    QatarEnergy, TotalEnergies Partner $13bn Worth Iraq Project

    25 Billion LNG Project

    McDermott Gets Key Contract for $25 Billion LNG Project

    Turkiye signs 15bn cubic meters LNG contracts

    Türkiye Signs 15 bcm LNG Contracts to Boost Energy Security

    Halt Imports of Russian Oil And Gas

    U.S. Wants EU to Halt Imports of Russian Oil and Gas Soon

    4bn New Israeli Gas Offtake Contracts

    Energean Lands $4bn New Israeli Gas Offtake Contracts

    LNG Procurement and Trading

    Singapore-China Apply Cap on LNG Procurement and Trading

    Sanctions Against Russia

    US To EU – For Sanctions Against Russia, Say No to Their Oil

    110 Megawatt Heavy Duty Gas Turbine

    China Rolls Out 110-Megawatt Heavy-Duty Gas Turbine

    Power of Siberia 2 Pipeline Deal

    Russia-China Power of Siberia 2 Pipeline Deal: A New Horizon

  • Projects
    13bn Worth Iraq Project

    QatarEnergy, TotalEnergies Partner $13bn Worth Iraq Project

    25 Billion LNG Project

    McDermott Gets Key Contract for $25 Billion LNG Project

    4bn New Israeli Gas Offtake Contracts

    Energean Lands $4bn New Israeli Gas Offtake Contracts

    LNG Procurement and Trading

    Singapore-China Apply Cap on LNG Procurement and Trading

    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

    Major Energy Deals

    Officials From Russia and The US Discuss Major Energy Deals

    Arctic LNG 2 Project from Russia

    Arctic LNG 2 Project from Russia Achieves Record Gas Output

    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home News

Alliance Takes Tough Stand On New Upstream Oil-Gas Projects

in News, Upstream
Groundbreaking new app details every energy resource in the North Sea
Share on FacebookShare on Twitter

The Net Zero Asset Owner Alliance- NZAOA stated on March 29 that it anticipates its members making no fresh direct investment in upstream oil and gas infrastructure projects when it comes to new fields as part of its endeavours to keep global warming in check.

The group, whose members are in control of $11 trillion in assets, opined that the requirements happen to be very stringent and also reflect a scientific consensus that is looking to transition the worldwide economy away from fossil fuels.

The requirements are part of a position paper that lays out expectations for companies, members, and investors, as well as for policymakers, from stewardship to pricing of carbon, and also provides a roadmap for the world economy to disassociate from oil and gas.

The alliance is also planning to call on companies across the oil and gas sector as well as those who use fuels to set themselves science-based objectives so as to lessen their carbon emissions and also execute plans when it comes to transition as countries of the world push to stall global warming to a limit of 1.5 degrees Celsius over and above the pre-industrial levels.

These objectives should not only take into account the company’s direct emissions, like diesel generators on an offshore platform, but also the ones that are related to using its own energy and those concerned with its customers’ usage of its products.

In spite of that, the climate-driven non-profit organisations of the likes of Reclaim Finance, Global Optimism, as well as WWF, stated that the guidelines weren’t ambitious enough. According to Christiana Figueres, the founding partner of Global Optimism as well as a strategic advisor to the alliance, the position should have gone further in setting company expectations that are as clear as the expectations for investors, which is no new investment in oil and gas fields as well as other infrastructure that happens to be carbon-intensive.

Reclaim Finance happens to be of an opinion that there is no room for new oil and gas field investments when there is a 1.5-degree scenario and has called the entire proposal a giant leap backward.

As of now, the world’s major oil and gas companies have set themselves varying targets in order to reduce the greenhouse gas emissions from their operations and make use of the products that they are selling.

As per Patrick Peura from Allianz Investment Management as well as a co-lead of the alliance engagement track, the white paper is not placing the blame on just one stakeholder but taking into account the entire ecosystem as other actors that need to be moving in line with the order so as to raise the ambition and also get going on the 1.5-degree Celsius track.

Previous Post

Quest For LNG By Europe May Not Be All That Flourishing

Next Post

Russian Fuel Supplies To Iran Through Rail Begin – Sources

Related Posts

13bn Worth Iraq Project
Middle East & South Asia

QatarEnergy, TotalEnergies Partner $13bn Worth Iraq Project

September 16, 2025
25 Billion LNG Project
America

McDermott Gets Key Contract for $25 Billion LNG Project

September 16, 2025
Turkiye signs 15bn cubic meters LNG contracts
Gases

Türkiye Signs 15 bcm LNG Contracts to Boost Energy Security

September 15, 2025
Halt Imports of Russian Oil And Gas
America

U.S. Wants EU to Halt Imports of Russian Oil and Gas Soon

September 15, 2025
4bn New Israeli Gas Offtake Contracts
Exploration Development

Energean Lands $4bn New Israeli Gas Offtake Contracts

September 12, 2025
LNG Procurement and Trading
Gases

Singapore-China Apply Cap on LNG Procurement and Trading

September 12, 2025
Next Post

Russian Fuel Supplies To Iran Through Rail Begin - Sources

LatestNews

25 Billion LNG Project
America

McDermott Gets Key Contract for $25 Billion LNG Project

September 16, 2025
Turkiye signs 15bn cubic meters LNG contracts
Gases

Türkiye Signs 15 bcm LNG Contracts to Boost Energy Security

September 15, 2025
Halt Imports of Russian Oil And Gas
America

U.S. Wants EU to Halt Imports of Russian Oil and Gas Soon

September 15, 2025
4bn New Israeli Gas Offtake Contracts
Exploration Development

Energean Lands $4bn New Israeli Gas Offtake Contracts

September 12, 2025
LNG Procurement and Trading
Gases

Singapore-China Apply Cap on LNG Procurement and Trading

September 12, 2025
Sanctions Against Russia
America

US To EU – For Sanctions Against Russia, Say No to Their Oil

September 12, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.