Neptune Energy today said it would spend more than $1 billion (£800m) over the next five years to secure energy supplies for the UK and speed the transition to net zero. CARBON INTENSITY The company operates around 11% of the country’s gas supply from fields in the UK’s Southern North Sea and the Norwegian North […]
ESG
Caerus notes ‘ready-made’ drill targets
Caerus Mineral Resources plc reported high grade gold assays made for a target ready to drill at its Kambia – Kapedes copper-gold project in Cyprus. KAMBIA The Kambia mine operated between 1952 and 1960 primarily as a pyrite mine and the Kokkinovounaros (Red Hill) auriferous gossan was discovered and mined for a short time during the 1930s. […]
Orcadian submits concept to cut offshore emissions
Orcadian Energy plc said it had submitted its final report into Central North Sea electrification to the area’s operators and the North Sea Transition Authority. FLOATING WIND TURBINES & HUBS The company’s ‘microgrid concept’ aims to reduce carbon emissions to ensure that the oil and gas are as sustainable as possible. “Orcadian and its consortium […]
British Lithium ‘predicted to lead’ in GHG reduction
British Lithium Ltd claimed that “independent analysis predicted it would lead the world in greenhouse gas emission reduction (GHG)” with the company’s extraction technology and proposed mine in Cornwall. BENCHMARKING The company added in a statement that environmental, social and governance (ESG) risks were also likely to be significantly lower than those of existing lithium […]
Neptune to use renewable electricity for German assets
Neptune Energy will reduce emissions by more than 11,000 tonnes of CO2 per year after securing new renewable electricity supplies for its operated onshore assets in Germany. NORWAY The decrease is a 40% reduction in the company’s scope two emissions in the country. Neptune uses electricity from shore at its operated Gjøa field in Norway […]
CAML publishes 2021 sustainability report
Central Asia Metals plc has published its 2021 Sustainability Report covering group activities, the Sasa zinc-lead mine in North Macedonia and the Kounrad dump leach, solvent extraction and electro-winning copper recovery plant in Kazakhstan. CONTENTS The report is the company’s third and the second in accordance with Global Reporting Initiative (GRI) Standards ‘Core option’. Areas […]