Decarbonization News

 

Alternative Power Sources Could Eliminate 87% of Emissions from Offshore Oil and Gas Platforms - Study

Jun 23, 2022

Alternative power sources might cut emissions on offshore oil and gas platforms by up to 87 percent, and cost-effectively at that.This is according to the winners of a Platform Electrification competition launched in September 2021 by what was then called the Oil and Gas Authority (The OGA). The OGA has recently changed its name to the North Sea Transition Authority.NSTA on Thursday released the full project reports of the three Electrification Competition winners: Orcadian Energy and Partners…

IEA: Norway Must Prepare for Faster Drop in Oil Demand

Jun 29, 2022

Norway must do more to prepare for a decline in its dominant oil and gas industry in the coming decades as other nations start to free themselves from petroleum dependence, the International Energy Agency (IEA) says in a new report.Western Europe's…

Equinor and Fluxys Plan 1000-km European Pipeline to Norwegian Offshore CO2 Storage Sites

Jun 29, 2022

Norway's Equinor and Belgium's Fluxys plan to build a 1,000-km (620-mile) pipeline to transport CO2 captured on the European continent for storage underneath the North Sea [on the Norwegian continental shelf], the two companies said on Wednesday…

CNOOC Completes China's First Offshore Carbon Capture & Storage Project

Jun 22, 2022

Chinese state-owned oil and gas firm CNOOC has completed the country's first offshore carbon capture and storage project designed to permanently bury carbon dioxide in the seabed, state media reported recently.The project is located at the company's Enping oil field in the mouth of the Pearl River…

Semco Maritime Develops Pumping System for Danish CO2 Storage Project

Jun 20, 2022

The Danish company Semco Maritime said Monday it had developed a new pumping system design allowing subsea CO2 storage in the North Sea in connection with Project Greensand.The mission of the project is to store CO2 in the Danish part of the…

Equinor Joins the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping

Jun 15, 2022

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping continues to grow in size and influence, with Equinor joining as a Strategic Partner.Equinor is both a producer and a supplier of fuel to the maritime sector and has worked systematically…

UK Launches First Ever Offshore Carbon Storage Licensing Round

Jun 15, 2022

The UK-based North Sea Transition Authority (NSTA) on Tuesday launched UK’s first-ever carbon storage licensing round with 13 areas available.   'The new carbon storage areas, alongside the six licences which have been issued previously, could…

Three Firms Apply for CO2 Storage Acreage Offshore Norway

Jun 09, 2022

Three companies have applied for future storage of CO2 on the Norwegian continental shelf, the Norwegian Ministry of Petroleum and Energy said Thursday.Norway in April announced a new area for CO2 storage in the North Sea, citing growing interest from the industry…

UWA Engineers Supporting Worley's Enhanced Subsea Gas Tieback Project

Jun 03, 2022

To develop stranded gas reserves in remote regions, chemical engineers from The University of Western Australia are cooperating on novel cost- and carbon-reduction technology.Professor Zachary Aman, Chevron Woodside Chair in Long Subsea Tiebacks…

Shearwater GeoServices Wins Work at CCUS Project in UK

May 31, 2022

Marine seismic survey firm Shearwater GeoServices has won a contract in the UK related to a carbon capture and storage project.The project, awarded by BP on behalf of the Northern Endurance Partnership  (NEP), is for geophysical data processing and imaging to advance the East Coast Cluster…

Exxon, Chevron Shareholders Back Energy Transition Plans

May 26, 2022

Shareholders of Exxon Mobil Corp and Chevron Corp on Wednesday voted in favor of the energy transition strategies proposed by the two largest U.S. oil producers, following similar support of European oil firms' climate plans.Major oil producers…

Decarbonization: Geothermal Study Launched to Repurpose Old North Sea Wells

May 24, 2022

Petrofac, an international service provider to the energy industry, will be supporting deep geothermal specialist CeraPhi Energy in what has been described as a first-of-a-kind geothermal study looking at the repurposing of oil and gas wells using CeraPhi’s technology…

Chevron Enters U.S. Gulf of Mexico CCS JV

May 24, 2022

Oil major Chevron has closed the transaction to enter a U.S. Gulf of Mexico carbon capture and storage joint venture with Talos Energy and Carbonvert.The companies on Tuesday announced the execution of definitive documentation and closing of…

Palantir, Trafigura to Track Carbon Emissions for Oil, Metals industry

May 24, 2022

Palantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil, gas, refined metals, and concentrates sector.The companies…

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

May 18, 2022

Australia's vast liquefied natural gas (LNG) sector is betting its future on carbon capture and storage (CCS), a technology it says is vital to decarbonization and is proven.Convincing everybody else is going to be the tricky part, especially…

Current News

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

TGS Buys Prediktor

TGS Buys Prediktor

Repsol Sinopec Names VP Decommissioning and Energy Transition

Repsol Sinopec Names VP Decommissioning and Energy Transition

Longboat Energy Farms Into Two Offshore Exploration Prospects in Norway

Longboat Energy Farms Into Two Offshore Exploration Prospects in Norway

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