IN BRIEF: Jersey Oil & Gas introduces carbon policy for GBA Project
Fri, 30th Apr 2021 19:32
Jersey Oil & Gas PLC - oil and gas exploration and production on UK Continental Shelf - Introduces Carbon Policy which will target Net Zero emissions from its Greater Buchan Area project at the start of first oil.
Plans for all existing Jersey operations to be carbon neutral from the point of first oil for scope one and two emissions. I am very pleased to announce the adoption by JOG of this important Carbon Policy as part of our ongoing risk management. Through its implementation, we will be contributing to the energy transition and to global net zero ambitions. We understand that responsibly sourced hydrocarbons will be fundamental to a successful global energy transition ensuring vital energy supply during the period, says Chief Executive Officer Andrew Benitz.
Oil price, DGOC, JOG, Jadestone, President, Hurricane. And finally…
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Another good day for oil as the month comes to a close even if it is a touch lower today. The reason is that economic data from the US continues to pile on and with 1Q GDP of 6.4% and yesterday’s jobless claims falling by 13/- to 553/- markets, certainly over there were very positive.
By BFN News | 02:44 PM | Friday 30 April, 2021 Jersey Oil & Gas has announced the introduction of a carbon policy. The firm will seek to identify Scope 1, Scope 2 and material Scope 3 and minimise, measure and report Scope 1 and 2 emissions associated with its operations on an absolute basis.
Key to this, the firm stated, will be the consideration and application of pioneering solutions to carbon emissions management, such as platform electrification, which will be considered alongside more conventional oil and gas development options.
These will be assessed through a rigorous management system and operational process to ensure sustainable value is realised from the company?s assets. An external advisor has been commissioned to facilitate JOG s greenhouse gas accounting, reporting and verification.
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