Decarbonization News


Aker Solutions to Electrify Edvard Grieg Platform

Sep 24, 2020

Lundin Energy, a Swedish oil and gas company with operations in Norway, has hired the Norwegian engineering and construction giant Aker Solutions to help it electrify its Edvard Grieg offshore oil platform in the North Sea.Under the contract…

World to Go Past Warming Limit Without Massive Investments

Sep 24, 2020

The world must combine COVID-19 recovery packages with massive investments in renewable energy and low-carbon infrastructure or it will fail to meet a global warming limit target, a report by leading energy consultancy Wood Mackenzie said on Wednesday…

Shell, Microsoft in Alliance to Cut Carbon Emissions

Sep 23, 2020

Oil and gas giant Shell, which has been increasingly getting involved in renewables, has said it has partnered up with tech giant Microsoft 'to support progress towards a world with net-zero emissions.'As part of the strategic agreement signed between the two companies…

GE's Giant 13MW Offshore Wind Turbines to Debut at Dogger Bank A & B

Sep 22, 2020

Wind turbine constructor GE Renewable Energy will supply its giant 13MW Haliade-X wind turbines for the Dogger Bank wind farm phases A and B. Dogger Bank is a giant offshore wind farm project in the UK, jointly owned by SSE and Equinor. Once completed…

Report: Shell in Major O&G Cost-cutting Push to Prepare for Energy Transition

Sep 21, 2020

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters.Shell’s new cost-cutting review…

Norway to Launch $2,7B Carbon Capture and Storage Project 'Longship'

Sep 21, 2020

In what has been described as 'the greatest climate project in Norwegian industry ever' the Norwegian government on Monday submitted a white paper to parliament, proposing to launch a $2,7 billion carbon capture and storage (CCS) project in Norway…

Maersk Drilling Targets 50% Emissions Cut in Drilling Ops

Sep 18, 2020

Danish offshore drilling company Maersk Drilling has set a target to cut the intensity of CO2 emissions from its drilling operations by 50% by 2030. Jørn Madsen, CEO of the company which leased drilling rigs to oil companies said:'Climate change…

Oil Majors' Renewable Push Drives Up Asset Prices - SSE CEO

Sep 17, 2020

Plans by European oil companies to increase their renewable power capacity are driving up the price tags on renewable businesses and projects, the CEO of British renewables and network company SSE, told Reuters.BP, Shell, and Total have all…

UK North Sea Road to Net-Zero: £430B Investment Required

Sep 16, 2020

'Reimagining the North Sea as an integrated energy system is essential for the UK and Scotland to achieve their net-zero ambitions. But we need to invest now to close the gap on the key technologies needed to make this ambition a reality,' Colette Cohen OBE…

Solstad, Westcon Working to Decarbonize Offshore Vessels

Sep 14, 2020

Norwegian offshore vessel owner Solstad has signed a cooperation deal with Westcon Power & Automation, a provider of hybrid- and fully electric solutions, to develop environmentally friendly and sustainable technologies, with the final aim to make the company carbon neutral by 2050…

BP: Fossil Fuel Demand to Take Historic Hit Amid COVID-19 Scars

Sep 14, 2020

Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.BP's 2020 benchmark…

Global Energy Transition Already Well Underway

Sep 11, 2020

Policymakers still tend to talk about the global energy transition in the future tense, as something that might or will happen in the next few decades, but the transition is already well underway and shows signs of accelerating.Global energy…

Snam, Saipem to Jointly Pursue Energy Transition Tech

Sep 10, 2020

Offshore energy services provider Saipem and gas grid operator Snam have signed an agreement to work together on energy transition technology.Under the memorandum of understanding signed, the two Italian companies will jointly work on green hydrogen and carbon capture initiatives…

Petrobras: Excellent Productivity, High CO2 Levels at Jupiter DST

Sep 08, 2020

Brazil's Petrobras has completed the Drill Stem Test (DST) in the area of the Júpiter Discovery Assessment Plan, located in the Santos Basin pre-salt, reporting excellent well productivity, but high CO2 content.The Jupiter area belongs to the BM-S-24 concession…

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