Decarbonization News


Ørsted Reaches FID on Green Hydrogen Project in Denmark

Jan 20, 2021

Danish offshore wind farm developer Ørsted has taken a final investment decision on the renewable hydrogen demonstration project at Avedøre Holme in Copenhagen, which will use offshore wind energy to produce green hydrogen.The project is expected…

Shell, Exxon Seek $2.55B in Dutch Subsidies for CO2 Storage

Jan 15, 2021

A consortium that includes oil majors Royal Dutch Shell and ExxonMobil has requested a total of 2.1 billion euros ($2.55 billion) in subsidies for a project to store CO2 gasses in empty Dutch gas fields in the North Sea, the Dutch Economy ministry said on Thursday…

Siemens Gamesa, Siemens Energy Team Up in Green Hydrogen Push

Jan 14, 2021

Siemens Gamesa and Siemens Energy have this week announced they'd work together on wind-to-hydrogen projects to help decarbonize the economy 'to solve the climate crisis.'The companies said they were contributing with their developments to an…

Oil Industry Slams Norway's Plan to Triple Carbon Tax

Jan 08, 2021

Norway plans to more than triple its national tax on carbon dioxide (CO2) emissions by 2030 to help it reach its climate goals, the government said on Friday, drawing criticism from the country's powerful oil lobby.The cost of emissions will be raised to 2…

Aker Carbon Capture Appoints CFO

Dec 29, 2020

Norwegian carbon capture company Aker Carbon Capture has appointed Egil Fagerland as its CFO, with effect from April 1, 2021.Fagerland joins the company from DeepOcean, where he was head of ERP and Business Systems. He previously held various…

Aker Solutions Signs $57,6M CO2 Capture Deal

Dec 22, 2020

Aker Solutions has secured a contract from Aker Carbon Capture for engineering, procurement, and management assistance to realize the CO2 capture plant at Norcem’s cement factory in Brevik, Norway.The project, part of Norway's Longship project…

Oil and Gas Industry Must Support UK's Net-zero Target, Regulator Says

Dec 17, 2020

UK's Oil & Gas Authority on Wednesday submitted a revised strategy for laying before the UK Parliament featuring for the first time an obligation on the oil and gas industry to support the UK’s net-zero target.'The revised Strategy reflects the ongoing global energy transition…

Key Contracts Awarded for Northern Lights CO2 Capture Project in Norway

Dec 17, 2020

Equinor has awarded key contracts for the Northern Lights carbon capture and storage project in Norway to Aker Solutions. The contract awards come just days after the Norwegian Government announced its funding decision for the Northern Lights project…

Atlantic Shores Offshore Wind, SJI in Green Hydrogen Collab

Dec 16, 2020

SJI, a Folsom, New Jersey-based energy services holding company has entered a partnership with offshore wind developer Atlantic Shores Offshore Wind to collaborate on a green hydrogen pilot program.The collaboration will research, monitor, and…

Total CEO: North Sea Could Switch from Oil Reservoir to CO2 Storage

Dec 15, 2020

The North Sea could be switched from a depleting oil and gas basin to a site for storing carbon dioxide under the seabed, Total CEO Patrick Pouyanne said on Tuesday.The French oil firm is one of the partners in the Northern Lights project, which…

Norway Greenlights Offshore Carbon Storage Project Northern Lights

Dec 15, 2020

The Norwegian Government on Tuesday today announced its funding decision for the Northern Lights CO2 transport and storage project, led by Equinor, Shell, and Total.The three oil companies made a conditional investment decision on the Northern Lights CO2 transport and storage project in May 2020…

Pandemic Nudging Firms to Address Climate Change, Norwegian Oil Fund Says

Dec 15, 2020

The coronavirus pandemic may be accelerating a shift among companies worldwide to make their operations more environmentally sustainable, a high-ranking official at Norway's $1.25 trillion sovereign wealth fund said on Monday.The fund is one of the world's largest investors…

Exxon Sets Greenhouse Gas Emissions Reduction Target

Dec 14, 2020

Oil major Exxon Mobil Corp said on Monday it planned to reduce its greenhouse gas emissions over the next five years, as investors and climate change campaigners ratchet up the pressure for action to limit global warming.The move comes after…

Why Green Hydrogen is Finally Getting its Day in the Sun

Dec 11, 2020

Hydrogen has taken off this year as the future green fuel of choice, with governments and businesses betting big that the universe's most abundant element can help fight climate change.More than $150 billion worth of green hydrogen projects have been announced globally in the past nine months…

Neptune Energy Launches Study for Large Scale Offshore Carbon Capture Project in North Sea

Dec 10, 2020

Oil and gas company Neptune Energy on Thursday launched a feasibility study into plans for a large-scale offshore Carbon Capture and Storage (CCS) project in the Dutch North Sea, with the potential to safely store 120-150 million tonnes of CO2…

Current News

James Fisher Launches Decommissioning Business Line JF Decom

Chevron Kicks Off Oil Industry's Q4 Results With a Miss

Vantage Drilling to Manage Another Aquadrill Offshore Drilling Rig

Oil Workers Race to Protect Beaches from Spill Offshore Thailand

Subscribe for OE Digital E‑News