Norwegian offshore vessel owner Solstad Offshore has plans to reduce the carbon footprint of its 90 vessel fleet, and has turned to the technology company Wärtsilä for collaboration. 'The aim is to achieve a 50 percent reduction in CO2 emissions by 2030…
Aker Carbon Capture has signed a deal with Northern Lights JV to collaborate on the realization of Carbon Capture and Storage (CCS) projects in Norway and across Europe.'Together, the two companies represent a full value chain offering from carbon capture through transport and storage…
Japan's biggest oil and gas explorer Inpex Corp said on Wednesday it will invest up to 4.4 trillion yen ($38 billion) in growth areas over the next 9 years, 1 trillion of which will be spent on decarbonization areas including hydrogen and ammonia…
Malaysia's state energy firm Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui O.S.K Lines (MOL) to explore opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania regions…
Oilfield services giant Schlumberger will deploy its DELFI cognitive E&P environment on the Norwegian carbon capture and storage project Northern Lights.The Northern Lights project is operated by the namesake joint venture, owned by Equinor…
Norwegian carbon capture and storage project Northern Lights is set to receive four million euros from the EU under the Connecting Europe Facility (CEF) funding scheme.The Northern Lights joint venture, owned by Equinor, TotalEnergies, and Shell…
Oasis Marine Power said Thursday it had completed the first stage of testing of its offshore charging station.The Oasis Power Buoy is an offshore mooring and charging station with a zero-emission power source fed from wind turbines. 'Initially…
Australian gas producer Santos Ltd booked record sales revenue for 2021, pumped up by soaring oil and gas prices, and expects to reap big gains following its $6.2 billion takeover of Oil Search amid a surging energy market.After approaching Oil Search with an offer in the middle of last year…
Exxon Mobil Corp on Tuesday pledged to cut to zero its net carbon emissions from its global operations by 2050, catching up with rivals who are minimizing their carbon footprints.Exxon's 2050 plan, first mulled last year, covers emissions from its oil…
Offshore oil and gas drilling firm Transocean said Tuesday that one of its drilling rigs would later this year be used for a not-so-typical project for an offshore oil rig.Namely, the Norwegian oil firm Equinor plans to use the Transocean Enabler…
Japan's NYK and Norway's Knutsen Group have formed a joint venture company for the commercial development of a liquefied CO2 marine transportation and storage business using the Knutsen developed technology PCO2 which allows transport of liquified CO2 at ambient temperatures…
Norwegian offshore seismic data acquisition firm PGS has secured a Carbon Capture and Storage (“CCS”) 3D seismic acquisition contract with BP in the UK.PGS will carry out the survey over the Endurance reservoir, located about 145 kilometers…
With an annual R&D budget in excess of a billion Euros, Siemens Energy is well-positioned to drive substantial digital evolution in the offshore energy space. From unmanned offshore rigs to optimized maintenance to decarbonization, digitalization sits at the center…
The U.S. National Ocean Industries Association (NOIA) on Wednesday released the policy paper, Carbon Capture, Use, & Storage: An Economic, Employment, & Climate Opportunity for the U.S Offshore Region, where it says that while the U.S. Gulf…
Malaysian oil and gas company Petronas has signed a collaboration deal with oil major Shell to explore opportunities and project collaborations in carbon capture and storage (CCS) space in Malaysia.The two companies will carry out a CCS Area…