RIG giant Transocean has become the latest oil and gas industry player to set a target to reduce its greenhouse gas emissions by the end of the decade. Transocean has set a target to reduce its emissions by 40%, from 2019 levels, by 2030, with chief executive Jeremy Thigpen noting nearly all of the energy used to power the company's rigs comes from diesel fuel. In order to reach its emissions reduction targets, Thigpen said Transocean would look to reduce fuel use while also targeting "other initiatives" that can be achieved by developing and implementing new processes and technologies that would enable the company to optimise its power management capabilities. Transocean also stated that it would look to target emerging low-carbon market opportunities as the energy transition picks up pace, which could potentially include carbon capture and sequestration.
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