Oil & Gas Product News Logo

Tata Steel announces carbon neutral ambition to oil and gas industry at ADIPEC 2018

Tata Steel believes carbon capture and storage or usage, hydrogen converted from renewable energy and increased recycling through the circular economy are all key enablers to achieving its carbon neutral ambition.
Tata Steel believes carbon capture and storage or usage, hydrogen converted from renewable energy and increased recycling through the circular economy are all key enablers to achieving its carbon neutral ambition.

Company info

P.O. Bistupur
Jharkhand,
IN, Jamshedpur - 831 001

Website:
tatasteel.com

Read more

Tata Steel has announced its ambition to become a carbon neutral producer of steel to the oil and gas industry from 2050.

The company revealed its ambition to the global oil and gas community at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), which is being held in Abu Dhabi from 12-15 November.

Tata Steel's vision will be to develop breakthrough technologies and nurture innovations which have the potential to change the way steel is produced for the industry.

Barry Rust, Marketing Manager, Energy & Sustainability, said: "Tata Steel is already one of the world's most CO2-efficient steel companies. During the last 30 years we have reduced our CO2 emissions per tonne by about 20% but our ambition is to continuously improve our production processes and efficiencies to become a carbon-neutral steelmaker.

"The Paris Agreement, which called for average temperatures to be maintained below 2°C above pre-industrial levels, is driving CO2 reductions globally and the steelmaking industry has a collective responsibility to support this drive. At Tata Steel, we're showing our ambition by making significant investments in innovation as part of our strategy to build a business that is sustainable in every sense.

"As ADIPEC is a global hub for the oil and gas industry, we felt it was an appropriate event for us to share our carbon neutral ambitions with this important market, and our desire to support the Middle East industry in reducing carbon emissions.

Tata Steel believes carbon capture and storage or usage, hydrogen converted from renewable energy and increased recycling through the circular economy are all key enablers to achieving its carbon neutral ambition. Hydrogen is both a carbon alternative for the steelmaking industry and can be used to help create everyday household products from the by-product gases produced during steelmaking.

The company recently announced HIsarna, its ground-breaking new reactor, had exceeded expectations in sustainable steel production, with the possibility of achieving a COreduction of more than 50%. HIsarna is expected to play a pivotal role in meeting the ambitions of the circular economy.

BP's Statistical Review of World Energy for 2018 revealed CO2 emissions from the Middle East for combustion related activities from oil, gas and coal last year increased overall by 2.9%, which was a reduction on the year-on-year growth of 3.6% over the previous 10 years.

"Tata Steel embraces innovation and new technologies to develop high quality products and services which help our customers succeed in their markets. We work closely together with them to meet their sustainability requirements," said Barry Rust. 

"We are determined to make a positive contribution to the sustainable development of the global community. We can and must play an important part in addressing these sustainability challenges ourselves and we believe we have a responsibility to support our clients globally in increasing sustainability."


More from Industry News

Pembina partners with Ducks Unlimited for prairie wetlands

A landmark gift from Pembina Pipeline Corporation is ensuring working landscapes across the Canadian Prairies also work for conservation. Its $1-million investment in Ducks Unlimited Canada's (DUC) Revolving Land Conservation Program will protect approximately 2,000 acres (809 hectares) of important wetland habitat. At the same time, communities across Alberta and Saskatchewan will benefit from a host of environmental benefits. The joint announcement was made and celebrated by Pembina and DUC at a ceremony held at one of DUC's conservation project sites located east of Camrose. 

CIRCOR initiative targets integrated solutions for oil and gas

CIRCOR Industrial Valves, a leader in designing and manufacturing flow control technology, features its commitment to ONE CIRCOR, ONE Solution, an initiative to provide the right solution for each customer by effectively drawing on the technical capabilities of CIRCOR's trusted brands, like Leslie Controls, Spence, RTK, Nicholson, and more. With a broad range of products to match to requirements and the technical expertise to design optimized systems for specific customer applications, CIRCOR engineers and provides integrated critical steam solutions for process industry, oil and gas, district energy and power systems.

Encana provides interim update on strength of operations

Encana Corporation has provided an update on its share buyback program and disclosed its intention to execute a substantial issuer bid (SIB) to fulfill its previously announced 2019 share buyback. In addition, the Company signed an agreement to exit China, strengthened its production outlook for the second quarter of 2019 and reiterated its original capital investment plan.

Oil sands forecast shows production increase but lower annual growth: IHS

Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. Nevertheless, total production is expected to reach nearly four million barrels per day (mbd) by 2030 - nearly one million more than today, according to a new 10-year production forecast by business information provider IHS Markit.

free-paper-airplane

Get our newsletter

Learn more

CAPP says Canada can play a key role on world stage if Canadians 'vote for energy'

Canada's next federal government has an opportunity to help define a strategic, long-term vision for the growth of Canada's oil and natural gas sector, one that promotes jobs and a healthy economy for all Canadians, while being part of the solution to meet growing global energy demand with responsibly developed energy, according to the Canadian Association of Petroleum Producers (CAPP).

nVent introduces new standardized design for mineral insulated heating units

nVent Electric plc has introduced a new standardized design for its nVent RAYCHEM Mineral Insulated (MI) heating units; industry-leading equipment designed to provide superior freeze protection and process temperature maintenance for high-power, high-exposure industrial heat-tracing applications. The new heating units ensure greater operational reliability and corrosion resistance in harsh environments.

AltaGas celebrates grand opening and first cargo from Ridley Island propane terminal

AltaGas Ltd. has celebrated the grand opening of its Ridley Island Propane Export Terminal (RIPET), located in Prince Rupert, British Columbia - the first marine export facility for propane in Canada. The facility began introducing propane feedstock in mid-April, and the first shipment departed the terminal on May 23, 2019 bound for Asia.

Capital spending shifts and increased free cash flow generation included in Husky five-year plan update

With a focus on generating increased free cash flow, the updated Husky Energy five-year plan shows reduced capital spending to achieve an annual average of $3.15 billion for 2019 - 2023 versus the previously planned 2018 - 2022 annual average of $3.5 billion. Total capital spending over the 2019 - 2023 five-year period is reduced by about $1.7 billion, with total free cash flow before dividends expected to reach $8.7 billion at a flat $60 US WTI planning price.

Oil & gas leaders look for cost reduction and efficiency gains

Speaking at the closing of the AIPN 2019 International Petroleum Summit (IPS), Ryan Lance, Chairman and Chief Executive Officer of ConocoPhillips spoke about his company's "hyper focus on returns" highlighting that the "returns the energy industry has generated have been negative over the last 10 to 15 years. Investors are frustrated. We chase the cycle up only, they have to chase the cycle back down on the back side. We recognize it's a mature industry growing at 1 percent per year. There's a lot of companies, some tremendous companies ... that have dramatic growth profiles. But when they put a hundred percent of their cash flow back into the business, don't pay the shareholder a fair amount of money, they're actually destroying value in the long run.

free-magazine-subscription

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more

Quest carbon capture storage facility hits 4 million tonne milestone

In less than four years, the Quest carbon capture and storage (CCS) facility has captured and safely stored four million tonnes of CO2, ahead of schedule and at a lower cost than anticipated. Four million tonnes of CO2 is equal to the annual emissions from about one million cars. Quest has now stored underground the most CO2 of any onshore CCS facility in the world with dedicated geological storage.

Canadian energy future to be propelled by technological innovation

Over the past decade, uncertainty has been constant in Canada's oil and gas industry, brought on in part by unknown investment outlooks, lack of market access, and a complex regulatory process. According to PwC Canada's 2019 Energy Visions report, there are two main factors that could catalyze change for the oil and gas industry: a national energy strategy as well as further technological innovation. 

Pacific Oil & Gas Ltd. to acquire Canbriam Energy Inc.

Canbriam Energy Inc. and Pacific Oil and Gas Ltd. have announced the signing of definitive documents for the acquisition by PO&G of all of the issued and outstanding shares of Canbriam for cash consideration. Canbriam's Board of Directors has provided unanimous approval of the Transaction, and all of the officers, directors and significant shareholders of Canbriam representing greater than 90 percent of the outstanding Canbriam shares have entered into support and lock-up agreements in favor of the Transaction.

Fuelled engaged by PwC to facilitate large energy asset disposition

Fuelled, Canada's leading energy equipment marketplace, announced an agreement with PricewaterhouseCoopers Inc., LIT, in its capacity as the court appointed Receiver of Trident Exploration.  This agreement will allow Fuelled to act as the exclusive sales agent for Trident's surplus oil and gas equipment. Fuelled is representing the Receiver on the divestiture of approximately 250 pieces of production equipment located in Western Canada. "We look forward to working closely with the Receiver on this engagement while we continue to deliver an unparalleled customer experience to our online buyers" said Austin Fraser, VP of Fuelled.  "Trident's equipment includes gas compression, separation, dehydration, refrigeration, MCC's and other gas processing equipment that we believe there is strong demand for from our customers domestically as well as in the US and Overseas"

IGU releases 2019 Wholesale Gas Price Survey

The International Gas Union (IGU) released its 2019 Wholesale Gas Price Survey at Flame 2019. The survey is the eleventh to be undertaken in a series that began in 2007. The eleven surveys examine the dramatic changes in wholesale price formation mechanisms during a period of key developments in the global gas market. 

free-paper-airplane

Get our newsletter

Learn more

Pfannenberg launches video demonstrating ease of installation for signaling alarms

Pfannenberg, a manufacturer of thermal management and signaling technologies, announces a new video highlighting the ease of installation of its line of PATROL signaling devices, including both audible and combined visual-audible signal models. Pfannenberg signaling devices are designed to be installed in less than a minute. Video viewers can see a direct head-to-head comparison with competitive signaling alarms that take considerably more time to install.

Canada sees continuing drop in rig counts for April

Baker Hughes, a GE company announced that the Baker Hughes international rig count for April 2019 was 1,062, up 23 from the 1,039 counted in March 2019, and up 84 from the 978 counted in April 2018. The international offshore rig count for April 2019 was 251, up 4 from the 247 counted in March 2019, and up 57 from the 194 counted in April 2018.

Canadian upstream oil and gas investment shows small increase compared to U.S., study shows

From 2016 to 2018, capital investment in Canada's upstream oil and gas industry (essentially, exploration and production) increased 15 percent compared to 41 percent in the U.S. over the same period, finds a new study released by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

New frac pump from Weir engineered for reliability in harsh operation

At OTC 2019, Weir Oil & Gas introduced its new SPM EXL Frac Pump - engineered from the ground up to be the most durable, longest-lasting 2500 horsepower pump on the market, the company states. With the highest rod load rating in its class at 238,000 pounds, this pump is designed to withstand today's harshest fracking conditions and ease maintenance for operators' field teams.

free-magazine-subscription

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more