Decarbonization News


BP Exec: Asia Needs Carbon Pricing to Accelerate Energy Transition

Sep 27, 2021

Asia needs to adopt a carbon pricing mechanism to help accelerate its transition towards lower emissions, a senior company official at oil major BP said on Monday.'A well-designed carbon pricing framework that is able to prevent carbon leakage…

UK: Electrification of Oil Platforms Could Drive Construction of 4GW of New Offshore Wind Capacity

Sep 23, 2021

The UK Oil and Gas Authority (OGA) has announced a £1million ($1,37 million) decarbonization competition for the electrification of offshore oil and gas platforms in the UK North Sea.'The competition is designed to advance the widespread electrification…

CNOOC Powers Bohai Bay Oil Fields from Shore

Sep 23, 2021

Chinese offshore oil and gas company CNOOC said Thursday that a project to power Bohai Bay offshore fields from shore has kicked off operation successfully.'This onshore power project is located in the mid-western Bohai Bay,  containing two parts…

DNV, LISCR Grant AiP for Large Liquefied CO2 Carrier

Sep 23, 2021

Classification society DNV and the Liberian International Ship & Corporate Registry (LISCR) have awarded an Approval in Principle (AiP) to Hyundai Heavy Industries (HHI) and Korea Shipbuilding & Offshore Engineering CO. (KSOE) for a new 40,000 CBM liquified CO2 carrier design…

Valaris to Provide Offshore Drilling Rig for Dutch CO2 Storage Project

Sep 21, 2021

Offshore drilling company Valaris has won a contract with oil firm TAQA offshore the Netherlands for Valaris JU-123 offshore drilling rig.The contract for the heavy-duty harsh environment jack-up rig is expected to start in the fourth quarter of 2021…

Investors Managing $10 Trillion Set Tough Climate Blueprint for Big Oil

Sep 17, 2021

Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.The…

Siemens Energy to Electrify Troll West

Sep 16, 2021

Siemens Energy has earlier this month won a contract with Norway's Aker Solutions to supply the complete packages for the electrical transmission, distribution, and power management system (PMS) for the Troll West electrification project in the North Sea…

ORE Catapult Secures Funding for Five Projects to Drive Forward Maritime Decarbonisation

Sep 15, 2021

The UK-based Offshore Renewable Energy (ORE) Catapult has said it has secured funding for five projects as part of the Clean Maritime Demonstration Competition, funded by the Department for Transport and delivered in partnership with Innovate UK…

Chevron to Triple Low-carbon Investments

Sep 14, 2021

U.S. oil producer Chevron Corp on Tuesday pledged to triple to $10 billion its investments in low-carbon fuel and projects through 2028 amid pressure to boost clean-energy markets.Oil producers globally have stepped up plans to transition to a less carbon intensive production…

Norway Allocates Two Areas for CO2 storage

Sep 14, 2021

The Norwegian government on September 10 announced two areas for applications related to injection and storage of CO2 on the Norwegian continental shelf, based on interest from several players in the industry.'Capture and storage of CO 2 is…

Offshore CCS Project Planned in The Netherlands

Sep 13, 2021

TotalEnergies, Shell Netherlands, Energie Beheer Nederland (EBN), and Gasunie have partnered up in a project called Aramis that aims to enable large-scale CO2 reduction for industrial clusters in the Netherlands. The Aramis project aims to contribute…

AGR Joins 3-Year Research Aimed at CCS Cost Reduction

Sep 09, 2021

Engineering firm AGR said Thursday it was taking part in a three-year research initiative committed to developing new technologies and processes that aim to significantly reduce the cost of carbon capture related to transport and permanent storage…

Horisont Energi, Equinor, and Vår Energi Team Up in Blue Ammonia Project in Barents Sea

Sep 09, 2021

Norwegian carbon tech company Horisont Energi has signed a cooperation agreement with oil firms Equinor and Vår Energi for the development of Barents Blue, Europe's first large-scale production facility for blue ammonia.Bjørgulf Haukelidsæter Eidesen…

Energy Transition: Eni, Mubadala in Decarbonization Collaboration

Sep 08, 2021

Italy's Eni has teamed up with Mubadala Petroleum to look at joint investments in the energy transition field as part of plans to cut carbon footprints.In statements on Tuesday, the two groups said they had signed a memorandum of understanding…

DUC, Ørsted, DTU Enter CCS Project in Denmark

Sep 08, 2021

Norwegian Energy Company (Noreco) has announced a CCS partnership with Ørsted and DTU together with its partners in the Danish Underground Consortium on progressing CCS in the Danish North Sea. Project Bifrost will evaluate the potential for…

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