Offshore installation and construction company McDermott has signed a memorandum of understanding with Shell Eastern Petroleum Pte Ltd (Shell), a subsidiary of Shell, to collaborate on decarbonizing construction. 'The agreement enables McDermott and Shell to explore opportunities for reducing…
Indonesian state-owned oil and gas company PT Pertamina and American energy giant Exxon Mobil Corp signed an agreement on Tuesday to look at ways to use carbon capture storage (CCS) in the Southeast Asian country.A memorandum of understanding…
Royal Dutch Shell set itself tougher emissions-cutting targets on Thursday, even as it reported a lower-than-expected third-quarter profit of $4.13 billion.The oil major said it would cut absolute emissions from its operations and the electricity it uses…
Horisont Energi, a Norwegian company developing a blue ammonia project in Norway that involves offshore carbon storage, has signed a four-year framework deal with logistics and supply company ASCO Norge, with an option to extend it.Horisont…
The UK Oil and Gas Authority has said that a total of 29 bids have been submitted for the £1 million ($1,37 million) competition for ideas that could advance the electrification of offshore platforms on the UKCS. Winners to be awarded a share of the fund will be announced in early December…
Exmar, a company owning gas carriers and FSRU units, has partnered up with Lattice Technology to develop a new type of CO2 carrier.'With the global need to decarbonize the atmosphere and our world economy heavily relying on a secure energy supply…
East Timor wants to press ahead with plans for a carbon capture and storage (CCS) project in a depleted oil and gas field off its coast as it races to fill a multi-billion dollar revenue hole starting in late 2023 when the field dries up.The…
As the energy transition accelerates, upstream companies are under pressure to decarbonize, and this is likely to intensify. Wood Mackenzie's Jessica Brewer discusses opportunities and challenges.
Oil and gas company Neptune Energy on Thursday endorsed the World Bank’s Zero Routine Flaring by 2030 initiative.The initiative brings together governments, companies, and development institutions to eliminate routine gas flaring in oil production no later than 2030…
Exxon Mobil Corp board is debating whether to continue with several major oil and gas projects amid a global push from investors for fossil fuel companies to be more cost-conscious and green-energy friendly, WSJ reported on Wednesday.Activist investor Engine No…
The UK Government has selected two industrial clusters as Track-1 clusters for the development of carbon capture utilization and storage projects, putting them on course for launch by the mid-2020s with financial support from the government…
The British government on Tuesday published a Net Zero Strategy aimed at ending the country's contribution to climate change.Here are some of the key pledges and policies set out in the document:PowerAim: to fully decarbonise the power system…
British Prime Minister Boris Johnson on Tuesday set out his ambition for a green revolution that he hopes will force Western economies to kick their addiction to fossil fuels.Britain at the end of the month hosts the COP26 U.N. climate talks in Glasgow…
Emissions from the UK’s offshore oil and gas industry fell by the equivalent of 1.8 million tonnes of CO2 in 2020, a 10% reduction, industry association OGUK said Tuesday.OGUK has estimated that estimates that emissions from the production, transport…
U.S.-based oil and gas company Talos Energy has partnered up with oilfield services firm TechnipFMC to develop and deliver technical and commercial solutions to Carbon Capture and Storage ('CCS') projects along the United States Gulf Coast.'The…