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Rigzone Industry News

1. Exxon Supports Global Methane Reduction Pledge

   ExxonMobil has decided to support an initiative to reduce methane emissions by 30 percent below 2020 levels by 2030.

2. DOE Sets Up $Multimillion Direct Air Capture Fund

   This funding opportunity announcement will facilitate engineering studies of advanced DAC systems capable of removing 5,000 tons of CO2 per year from the air.

3. ADNOC in Landmark Clean Energy Partnership

   The collaboration is said to be the largest of its kind in the oil and gas industry.

4. ADC Energy Solution To Reduce Carbon Emissions On Offshore Rigs

   ADC Energy has revealed an upgrade to power systems for DP rigs which can reduce carbon emissions.

5. Saudi Arabia Commits To Reaching Net-Zero By 2060

   Saudi Arabia has revealed its intent to reach net-zero greenhouse gas emissions by 2060.