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Cutting Emissions From Oil and Gas by 50 Percent!

Today, I was participating in an announcement on behalf of the Norwegian oil and gas industry: We commit to reduce CO2 emissions 50 percent by 2030! (Download webinar in Norwegian language, available until February 11, 2021 - https://fil.email/IgrqyMM8)

Aker Solutions operates in more than 20 countries and we are glad to see similar industry ambitions to reduce carbon footprint around the globe. With 15, 000 skilled employees worldwide with expertise on predictable project execution, we know that we can be a key enabler to realize these planet positive initiatives!

We have over the past 50 years become one of the key contractors in the global oil and gas industry. Now, our role is to be the supplier that enables customers and the society to accelerate the transition to sustainable energy production.

Our offering spans the entire value chain. We help oil companies develop concepts for new projects in the first phase, we deliver complete and integrated oil and gas installations offshore and onshore when the projects are decided, and we perform maintenance and operations support. At the end of an installation’s lifetime, we plan and execute the decommissioning, and we perform the recycling of components and materials at our own state of the art yard.

Even with increasing development of renewable energy, the world needs oil and gas for various purposes for a long time still. We are proud that we have technology, skilled employees and advanced fabrication yards that can enable oil and gas production with low carbon emissions or even zero emissions. I see that our customers, both oil companies and other owners of other industrial facilities, now ask us to deliver new solutions that can contribute to the climate ambitions.

We are increasingly delivering projects that enable oil companies to operate production facilities with low carbon emissions, executing projects for carbon capture and storage, and providing installations for renewable energy production.

The goal is that our activities within low carbon solutions for oil and gas operations, together with projects for renewable energy, will count for 1/3 of our total revenues already in 2025. In 2030, our goal is that this will count for 2/3 of the revenues