Decarbonization News


Italy's Eni, Saipem in Joint Decarbonization Effort

Dec 09, 2020

Italian oil giant Eni, and oilfield services provider Saipem, both working to diversify their businesses traditionally heavily linked to the oil and gas industry, have signed a deal to work together on the identification and engineering of decarbonization initiatives and projects in Italy…

Australian Firm Launches Offshore CO2 Capture and Storage Project

Dec 07, 2020

An Australian company has lined up the country's national science agency and Japanese firms to work on a plan to capture carbon dioxide, and liquefy and transport it to a site offshore Australia to be injected under the seabed.The push comes…

Old Wells Could Generate Geothermal Energy to Power Offshore Platforms

Dec 03, 2020

Old offshore oil wells could be turned into geothermal energy producers under a plan by a new consortium.The group, The Aquarius North Sea Geothermal Consortium, is “actively” working with North Sea operators to see if old wells could be used to generate geothermal energy for existing platforms…

Aker Carbon Capture, MAN in CCS Technology Collaboration

Dec 02, 2020

Aker Carbon Capture and MAN Energy Solutions have entered into technology cooperation to develop energy-efficient compression solutions for carbon capture and storage (CCS) applications with heat recovery. 'The agreement supports the companies’…

Global CCS Capacity Grows, But Not Fast Enough to Meet Climate Targets

Dec 02, 2020

Global carbon capture and storage capacity grew by a third in the past year, but it was far too slow to meet global climate targets, the Global CCS Institute said on Tuesday.Globally, there were 26 commercial CCS facilities in operation able…

Environmental Activists Take Shell to Court. Seek End to Emissions

Dec 01, 2020

Environmental activists took Royal Dutch Shell to court on Tuesday, as they demand the energy firm drastically reduces the production of oil and gas to limit its effects on climate change.Seven activist groups, including Greenpeace and Friends of the Earth Netherlands…

UK: Clean Energy Investments Could Grow North Sea Jobs to 232,000 by 2050

Nov 30, 2020

The UK North Sea energy jobs count will drop by at least 20 percent in the coming years without urgent investment in the clean technologies needed to create a net-zero offshore energy system, a report by OGTC and Offshore Renewable Energy Catapult shows…

Denmark: Nini West Field Suitable for Injection and Storage of CO2

Nov 27, 2020

A carbon capture and storage project in Denmark which entails storing CO2 under the Danish North Sea seabed has cleared the first major hurdle after the intended subsea reservoir was confirmed feasible for CO2 injection by independent certification…

Tracking the Environmental Impact of the Oil and Gas Supply Chain

Nov 24, 2020

With the energy transition gaining pace, several exploration and production (“E&P”) companies have adjusted their business models; both to reduce emissions and to mitigate climate-related business risks. E&Ps may be grabbing the headlines regarding…

Ørsted Plans to Build 1.6GW Offshore Wind Projects Near Incheon, South Korea

Nov 24, 2020

Danish offshore wind farm developer Ørsted on Tuesday said it would develop South Korean offshore wind projects with a potential capacity of up to 1.6GW off the coast of Incheon City. Ørsted said its projects in Incheon could provide clean energy to 1…

Wintershall Dea Targets Net-zero Emissions from Upstream Activities by 2030

Nov 23, 2020

German oil and gas company Wintershall Dea has set greenhouse gas reduction targets for its production activities (scope 1 + 2 emissions, operated and non-operated upstream activities at equity share basis). The company said Monday it wanted to achieve net zero operations by 2030…

European Union Eyes Mammoth Expansion of Offshore Wind Farms

Nov 20, 2020

The European Union unveiled plans on Thursday to transform its electricity system to rely mostly on renewables within a decade and increase its offshore wind energy capacity 25-fold by 2050.Renewable sources like wind and solar provide roughly a third of EU electricity today…

McDermott Wins Pre-FEED Work at Tata Steel North Sea CCS project

Nov 20, 2020

Engineering and construction firm McDermott has been awarded a Pre Front-End Engineering Design (FEED) contract from steelmaker Tata Steel for the EVEREST carbon capture and storage project in the Netherlands.EVEREST stands for Enhancing Value by Emissions Reuse and Emission Storage…

Halliburton to Set Greenhouse Gas Emission Reduction Targets

Nov 19, 2020

Oilfield services provider Halliburton Co said on Thursday it would set greenhouse gas emission reduction targets in line with what the latest climate science outlines is necessary to meet the goals of the Paris Accord.The announcement comes…

UK: Boris Johnson Outlines 10-point Green Plan with up to 250,000 Jobs

Nov 18, 2020

The UK Prime Minister Boris Johnson on Wednesday set out a ten-point plan for 'a green industrial revolution' which promises to create and support up to 250,000 British jobs.'Covering clean energy, transport, nature and innovative technologies…

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