OSLO: Cutting carbon emissions from Norway’s offshore oil and gas industry is becoming more challenging due to cost inflation and limited access to clean power.
“To achieve national climate targets in the most cost effective way, it is inevitable that parts of the Norwegian continental shelf must be electrified with power from shore,” Benedicte Solaas, climate and environment director at Offshore Norway, said.
But achieving that has become more demanding due to logistical challenges of bringing power hundreds of kilometers offshore to the country’s oil and gas rigs.
Norwegian oil and gas companies are targeting a 50% reduction in their direct carbon emissions from 2005 levels by 2030 and zero by 2050.
But last year emissions from the offshore industry were flat year-on-year, and 11% lower than in 2005.
Norway has been boosting deliveries of natural gas to Europe following Russia’s invasion of Ukraine.
Offshore Norway and its partners released their third status report on emissions from the country’s oil and gas industry last Thursday. — Bloomberg
