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fossil resources

Leverage agile frameworks to provide a robust synopsis for high level overviews

NUCLEAR ENERGY

Leverage agile frameworks to provide a robust synopsis for high level overviews

Renewables and CCS

Leverage agile frameworks to provide a robust synopsis for high level overviews

LiMAP
What we do

Our products areessential to society

Since 1972 we have been pushing the boundaries of imagination and technology, solving challenges in the oil and gas industry. That quest has taken us to greater depths, deeper waters and new frontiers.

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EXPLORATION

Meeting futuredemand for energy

Technology and innovation are enablers for our strategy. We are an energy company committed to long term value creation in a low carbon future.

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LiMAP
I believe technology is essential for us to discover and develop more projects, and at the same time reduce cost and lower carbon emissions
Ole Jørgen Bratland
President and Chief Executive Officer
OUR FEATURES

Why choose us

By 2020 we expect up to 25% of research funds to be devoted to new energy solutions energy efficiency

Aiming to achieve annual CO2 emission reductions of 3 million tonnes by 2030 compared to 2017.

By 2030 new energy has the potential to constitute around 15-20% of
investments/annual capex

OUR STRATEGY

Our strategy to create a low carbon advantage

Natural gas is an effective source of energy that can help limit CO2 emissions that cause global warming. Burning natural gas for power generation produces only around half the CO2 emissions compared to coal. Natural gas is mainly composed of methane, a potent greenhouse gas. Any leakages in the gas value chain will reduce the relative climate benefits of natural gas.

Textron has carried out a study examining methane leaks of Norwegian natural gas delivered to customers in the UK and Germany.The findings show that the associated methane emissions are below 0.3% compared to 0.6% which is the average for all gas consumed in Europe.

OUR VISION

Now we’re going beyond the horizon

That means growing our renewable energy capacity tenfold by 2026 and developing as a global offshore wind major, while strengthening our industry-leading position on carbon efficient production. We aim to reach carbon neutral global operations by 2030.

It means decarbonising our oil and gas production, growing within wind and solar, and developing low-carbon solutions such as hydrogen and CCS on an industrial scale. Here, we explain how.

OUR MISSION

We’re harnessing the winds of change today, to power the low-carbon world of tomorrow.

Our ambition is to become a global offshore wind major, drawing on our extensive offshore experience to drive the industry forward. Wind power is a key enabler in the world’s energy transition.

We already supply Europe with enough electricity from renewable offshore wind to power the equivalent of one million homes. Globally, we are expanding, and building material offshore wind clusters in the UK, the US East Coast and in the Baltics, and we are positioned for future floating wind options in the UK, Norway and Asia.

Statistics

Annual results

0mmboe

OIL AND GAS PRODUCTION

0%

RESERVE REPLACEMENT RATIO

0mmboe

PROVED OIL AND GAS RESERVES

0K

HOMES WITH RENEWABLE POWER

Customers

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LiMAP
Careers

If you want to make a difference,you should be working for Textron.

We’re taking on tomorrow’s energy challenges, today. At Textron, we continue to push the boundaries of technology, innovation and imagination to create positive change for our business and our planet. It’s not an easy job, but we believe that with the right people, passion and curiosity, it is possible.

We’re up for the challenge. Are you?

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Media center

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