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Despite a global effort in energy transition, Petrobras has expressed no interest to pivot into renewable energy due to lack of expertise. As a leader in Brazil, it must play its part to invest in other less capital-intensive sustainability efforts to reduce emission, says GlobalData, a data and analytics company.
The company laid out a comprehensive goal in reducing total operational emission by 25% by 2030. Its sustainability efforts include launching 10 commitments to minimise greenhouse gas (GHG) emission, increasing carbon capture and water reutilisation, continuing to invest in reducing scope 3 emissions, and finding new energy alternatives.
Petrobras has proved a successful track record in reducing carbon intensity since 2017. The majority of the carbon emission originates from the company’s downstream refinery. Some of its main efforts that drives the reduction of emissions in exploration and production and refinery is through reduction of flaring, improvin
GlobalData: Petrobras must invest in other less capital-intensive sustainability efforts
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Golar LNG Ltd (GLNG) Q4 2020 Earnings Call Transcript
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Golar LNG Partners L.P.: Golar LNG Partners LP preliminary fourth quarter and financial year 2020 results
436
20,716
4,600
81,414 Indirect administrative expenses are allocated to the FSRU and LNG carrier segments based on the number of vessels. Relates to effective share of revenues and expenses attributable to our investment in Golar Hilli LLC ( Hilli LLC ) had we consolidated our 50% ownership of the Hilli LLC common units.
In order to incorporate the economic performance of the FSRU
Golar Freeze into total partnership performance, management has determined that it will measure the performance of the Golar Freeze sales-type lease based on Adjusted EBITDA
1 (EBITDA as adjusted for the amount invoiced under sales-type lease in the period).