The energy transition, net-zero pledges, and increased investor pressure on oil and gas companies to slash emissions have given rise to the latest trend in energy markets the arrival of the ‘carbon neutral’ oil barrel and the ‘carbon neutral’ liquefied .
The energy transition, net-zero pledges, and increased investor pressure on oil and gas companies to slash emissions have given rise to the latest trend in energy markets the arrival of the ‘carbon neutral’ oil barrel and the ‘carbon neutral’ liquefied .
Lundin sells world s first carbon-neutral oil
Apr 26, 2021 6:50:am
Summary The carbon-neutral oil trade offers a proof point of where the crude market is heading, the Swedish oil company said.
by: Joseph Murphy
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Lundin sells world s first carbon-neutral oil
Sweden s Lundin Energy said on April 26 it had sold the world s first ever certified carbon neutrally produced oil to a refinery owned by Italy s Saras on Sardinia.
The oil came from the Edvard Grieg field off Norway, which Lundin noted had been independently certified by Intertek to emit only 3.8 kg of CO
2/barrel of oil equivalent in full field-life emissions. The residual 2,302 metric tons of CO