Decarbonization News


Petronas and ExxonMobil to Pursue CCS Projects in Malaysia

Jan 27, 2023

Malaysian oil and gas company Petronas said Friday it had recently signed two agreements with U.S. major ExxonMobil to jointly pursue Carbon Capture and Storage (CCS) projects in Malaysia.Petronas and ExxonMobil have committed to defining the next steps…

Samsung Heavy, MISC to Build Floating CO2 Storage Units

Jan 19, 2023

South Korea's Samsung Heavy Industries said Wednesday it had signed a memorandum of understanding with Malaysia's MISC to jointly develop floating CO2 storage units.The Floating CO2 Storage Unit (FCSU) is a new concept of offshore unit that…

Wintershall Dea Urges Germany to Clear CO2 Exports for Storage

Jan 16, 2023

German oil and gas producer Wintershall Dea  urged Berlin on Monday to clear exports of carbon dioxide to European neighbors that would be buried in so-called carbon capture and storage facilities (CCS).Germany, following a bilateral Danish and Belgian agreement…

UAE Names ADNOC Chief Jaber as COP28 Climate Conference President

Jan 12, 2023

The United Arab Emirates said on Thursday that Sultan al-Jaber, the head of state oil giant ADNOC, would act as president of the COP28 climate conference it is hosting this year. Jaber, also UAE's minister of industry and technology and its climate envoy…

Norway Opens North Sea Area for CO2 Storage Applications

Jan 11, 2023

Norway on Wednesday announced an area in the North Sea for applications related to the injection and storage of CO2 on the Norwegian continental shelf.Minister of Petroleum and Energy Terje Aasland said there was a great interest from companies…

Ocyan, LZ Energia Hire DNV to Assist with Hydrogen Conversion of Diesel Drilling Rigs

Jan 10, 2023

The Brazilian offshore drilling company Ocyan has engaged DNV as an independent third party in the qualification process of a system injecting hydrogen as an additive in the internal combustion engines of drilling rigs, in order to reduce diesel…

ADNOC Earmarks $15B for Decarbonization Push

Jan 05, 2023

The Abu Dhabi National Oil Company (ADNOC) said Thursday it had allocated $15 billion (AED55 billion) to advance an array of decarbonization projects across its diversified value chain by 2030. These projects will include investments in clean power…

Equinor, RWE Partner on Major Hydrogen Projects

Jan 05, 2023

The Norwegian energy company Equinor has signed a strategic partnership with Germany's RWE that involves 'large scale projects that will contribute to the European energy supply as well as to the ramp-up of the hydrogen economy in Germany and the EU…

Baker Hughes' Equipment for 'World's Largest' Offshore CCS Project

Jan 03, 2023

Oilfield services firm Baker Hughes has won a contract with Malaysia Marine and Heavy Engineering (MMHE) to supply carbon dioxide (CO2) compression equipment to Petronas Carigali's Kasawari offshore carbon capture and sequestration (CCS) project in Sarawak…

CNOOC Launches Power from Shore Bohai Bay Project. Starts Production from Offshore Oil Field

Dec 27, 2022

Chinese oil company CNOOC Limited said Monday that its Bozhong- Kenli oil fields power from shore project had successfully started operation. The project will power 39 offshore platforms in Bohai Bay, China.The main facilities of the project…

Equinor Submits Plan for Snøhvit Future Project. Power From Shore, Onshore Compression for Hammerfest LNG

Dec 20, 2022

Norwegian oil and gas company Equinor, on behalf of its partners in the Snøhvit offshore gas field in the Barents Sea, on Tuesday submitted a plan for development and operation (PDO) of Snøhvit Future to the Norwegian Minister of Petroleum and Energy…

Norway and France in Carbon Capture and Storage Collaboration

Dec 20, 2022

Norway and France have signed a letter of intent to promote cooperation on the development and deployment of carbon capture and storage (CCS) as a way to help prevent global warming, the Norwegian energy ministry said on Monday. Major oil and…

"K" Line to Operate Northern Lights' Liquefied CO2 Ships

Dec 19, 2022

Northern Lights, a carbon capture and storage joint venture between TotalEnergies, Shell, and Equinor, has signed an agreement under which Japan's 'K' Line will operate Northern Lights' first two 7,500 m3 liquefied CO2 ships. The ships will be delivered in 2024…

OKEA Step Closer to Powering Draugen Offshore Platform from Shore

Dec 15, 2022

Norwegian offshore energy engineering and construction company Aker Solutions has signed a Letter of Intent (LOI) with the oil firm OKEA for the electrification of OKEA's Draugen offshore platform.  The Draugen oil field sits in about 250 meters of water…

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