Decarbonization News

Australia's LNG Industry Sees a Somewhat Green Hydrogen Future

Jun 15, 2021

Having scaled the peak of becoming the world's top exporter of liquefied natural gas (LNG), Australia's producers of the super-chilled fuel are contemplating switching their industry around to become the global leader in hydrogen.The keynote…

Decarbonization an Opportunity, Not a Threat for Australia, Santos CEO Says

Jun 15, 2021

Australia, the world's biggest exporter of coal and liquefied natural gas, should view decarbonization not as a threat but as an opportunity to create a 'new, large-scale industry' in carbon offsets, Santos CEO Kevin Gallagher said on Tuesday…

Equinor to Increase Spending on Renewables. Oil Output Continues to Rise

Jun 15, 2021

Equinor will increase the share of investment it dedicates to renewable energy and so-called low-carbon solutions as it seeks to broaden its business, the Norwegian oil and gas producer said in a strategy update on Tuesday.The majority state-owned firm…

Australia Allocates Funds for Six Carbon Capture Projects

Jun 08, 2021

The Australian government picked six-carbon capture, use, and storage projects on Monday to receive a total of A$50 million ($39 million) in funds as it looks to accelerate the development of the technology to cut emissions.Carbon capture has…

Dutch Gov't Awards $2.56B for Rotterdam Carbon Capture Project

Jun 08, 2021

The Dutch government on Tuesday confirmed that it has awarded 2.1 billion euros ($2.56 billion), nearly half of its 2021 annual budget for sustainable projects, to a project aimed at capturing and storing carbon emissions from Rotterdam Port…

Talos Energy, Storegga JV Eyes Gulf of Mexico Carbon Capture Opportunities

Jun 08, 2021

Gulf of Mexico focused oil company Talos Energy and European carbon capture and storage firm Storegga have formed an exclusive joint venture to source, evaluate, and develop carbon capture and storage ('CCS') project opportunities on the United States Gulf Coast and Gulf of Mexico…

EU Approves $21.27B Just Transition Fund

Jun 07, 2021

European Union countries on Monday approved the bloc's flagship fund to wean them off fossil fuels and protect communities most affected, paving the way for members to start receiving the cash.The 17.5 billion euro ($21.27 billion) Just Transition…

Russia Wants to Make Sakhalin Island Carbon Neutral by 2025

Jun 02, 2021

Russia aims to make the fossil fuel-rich Pacific island of Sakhalin carbon neutral by 2025, and later to extend the ambition to its top oil production province in western Siberia, a deputy prime minister said.Along with the world's other leading…

IEA: Energy Investments to Recover by 10% in 2021, But will Fall Short of Net-Zero Path

Jun 02, 2021

Investment in energy is on track to recover by nearly 10% in 2021 as the world emerges from the COVID-19 pandemic, the International Energy Agency (IEA) said on Wednesday, but spending will fall far short of meeting urgent climate goals.More of the $1…

Portugal's Galp to Limit Fossil Fuel Spending, Set Aside 30% of Capex for Renewables

Jun 02, 2021

Portugal's Galp Energia will sharpen its focus on renewable energy and limit fossil fuel spending to already approved developments, resulting in a 20% cut in five-year capital expenditure, the company said on Wednesday.Oil and gas company Galp is following a broader trend…

Big Oil's Credit Risk Increased after Dutch Court Ruling, Investor Pressure

May 28, 2021

Rating agency Moody's said on Friday that the credit risk of major oil producers has increased with recent events including Royal Dutch Shell losing a Dutch climate lawsuit this week and Exxon losing a battle with shareholders.Chevron also lost…

Horisont Energi Wraps Up 1st Phase of 'Europe’s First' Large-scale Clean Ammonia Project

May 26, 2021

Horisont Energi, a Norwegian carbon capture technology firm, said on Wednesday that it had wrapped up a feasibility phase of the Barents Blue project, laying the groundwork for what it claims will be Europe's first large-scale carbon-neutral ammonia plant with offshore carbon storage…

DNV Certifies Dolphin Drilling's Efforts to Reduce Environmental Footprint

May 26, 2021

Offshore drilling contractor Dolphin Drilling said Wednesday it's become 'the first company of its kind' to secure Energy Management System ISO 50001:2018 certification.The company, which owns a fleet of offshore drilling rigs, said the certification…

Landmark Ruling: Dutch Court Orders Shell to Deepen Carbon Cuts

May 26, 2021

A Dutch court on Wednesday ordered Royal Dutch Shell to significantly deepen its planned greenhouse gas emission cuts, in a landmark ruling that could pave the way for legal action against energy firms around the world.At a courtroom in The Hague…

SSE to Invest $10.6B in Low-carbon Projects

May 26, 2021

British renewable power generator and network operator SSE Plc said on Wednesday it was on track to invest 7.5 billion pounds ($10.6 billion) in low-carbon projects up to 2025.The company turned its focus to renewable power generation and networks…

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