Decarbonization News

The U.S. Oil Executive Making a Big Bet on Combating Climate Change

Sep 15, 2022

The chief executive of a small U.S. oil company has jumped to the forefront of the energy industry's greenhouse gas reduction efforts, recruiting high-profile firms to his vision of striking it big by selling access to carbon storage developments…

Deal Signed for First Offshore Floating CCS Hub Project in Asia Pacific

Sep 14, 2022

deepC Store, Mitsui O.S.K. Lines, (MOL) and Technip Energies have entered into a Letter of Intent that should lead to the construction of a Floating Storage & Injection (“FSI”) Hub facility for dCS’s CStore1 carbon capture and storage project offshore Australia…

Neptune Energy, Horisont Energi Team Up on Errai CCS Project in Norway

Aug 30, 2022

Oil and gas company Neptune Energy has signed a Memorandum of Understanding (MoU) with the Norwegian low-carbon tech firm Horisont Energi to develop the Errai Carbon Capture and Storage (CCS) project in Norway.According to Neptune Energy, Errai could store 4-8 million tonnes of CO2 annually…

ABS Launches 'First' Sustainability Guide for Offshore Industry

Aug 29, 2022

Maritime classification society The American Bureau of Shipping (ABS) on Monday launched detailed requirements for greener offshore operations in what it said was the first sustainability guide to target the offshore industry.'Developed by working with major offshore industry clients…

Carbon Capture & Storage: Santos Reaches FID on Darwin Pipeline Duplication Project

Aug 29, 2022

Australian oil and gas firm Santos, as operator of the Barossa joint venture, on Monday announced a final investment decision (FID) has been taken to proceed with the Darwin Pipeline Duplication Project, located offshore the Northern Territory…

How Industry is Depending on Carbon Capture Tech for Climate Goals

Aug 29, 2022

Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertiliser-maker Yara's Dutch operation from 2025 in what they say is a commercial breakthrough for the business.The joint venture founded by oil firms Equinor…

Northern Lights JV in Yara CO2 Subsea Storage Deal

Aug 29, 2022

Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertilizer maker Yara's Dutch operation from 2025 in what they say is a commercial breakthrough for the business.The joint venture…

Huisman Unveils 'Green' Offshore Drilling Rig Design

Aug 22, 2022

Dutch company Huisman, best know for its offshore crane solutions, on Monday revealed its design for a 'green' harsh environment semi-submersible drilling rig, which promises to reduce costs and emissions of offshore drilling operations.According to Huisman…

Port of Aberdeen: Offshore Renewable Charging Hub in the Works for Idle Vessels

Aug 18, 2022

Stillstrom, an offshore charging company recently launched by Maersk Supply Service, said Thursday it would collaborate with Port of Aberdeen on a project aimed at cutting emissions from vessels on standby outside the port.Stillstrom and Port…

Oil Industry Gears Up to Tap U.S. Climate Bill for Carbon Capture Projects

Aug 16, 2022

Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas proponents, offsetting startup costs for some of the anti-pollution initiatives.Carbon capture and storage hubs that take gases from chemical…

Norway's Climate Choice: Old Oil, Gas Fields Switch to Green Power or Close Early

Aug 15, 2022

Norway will have to phase out some of its old oil and gas fields prematurely to achieve its 2030 climate goals, unless it can use carbon-free power on more offshore platforms to cut their emissions, the country's Climate Minister Espen Barth Eide said…

Crown Estate Scotland Opens Process to Cut UK North Sea Oil and Gas Emissions

Aug 10, 2022

Crown Estate Scotland opened on Wednesday the registration window for an offshore wind leasing process that aims to lower emissions from Britain's North Sea oil and gas production.The public corporation's Innovation and Targeted Oil and Gas…

Investments in Hydrogen, Platform Electrification, and CCS Could Create 26,000 New Jobs in UK by 2030

Jul 12, 2022

A trio of new low-carbon technologies could create 26,000 new UK energy jobs by 2030, according to Robert Gordon University research commissioned by Offshore Energies UK (OEUK).Many of the new jobs would be in coastal communities stretching around the UK…

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…

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