Indonesia's state energy company Pertamina and U.S. oil majors Exxon Mobil and Chevron Corp. are moving ahead with their discussions to invest in carbon capture facilities, while Exxon eyes a petrochemical project in the country.Pertamina and…
Carbon Catalyst Limited (CCL) said Tuesday it had completed the farmout of a 10% stake in the Poseidon carbon storage license located in the Southern North Sea sector of the UK Continental Shelf, to Wintershall DEA.As part of the deal, German…
Oasis Marine, a company specializing in marine charging solutions, said Tuesday it had successfully transferred power through the Oasis Power Buoy to a Crew Transfer Vessel. 'This pioneering achievement paves the way for hybrid and fully electric vessels in offshore wind farms…
Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have signed exclusivity agreements for two floating offshore wind developments with up to a total of 1.9 gigawatt (GW) capacity under Crown Estate Scotland’s…
Classification society DNV has issued a statement of qualified technology to SBM Offshore for its carbon capture plant or CO2 capture solution for FPSOs developed in partnership with Mitsubishi Heavy Industries. The statement verifies that the…
MAN Energy Solutions has won the contract for the delivery of three integrally-geared compressor trains (IGC) for Porthos, the first large-scale carbon capture and storage (CCS) project in the Netherlands. The Port of Rotterdam Authority, Energie Beheer Nederland B…
Offshore installation contractor Allseas has won a contract to construct a subsea pipeline for the recently sanctioned Porthos carbon capture and storage (CCS) project in the Port of Rotterdam.Porthos, a partnership between EBN, Gasunie, and the Port of Rotterdam Authority…
DNV has released the 7th edition of its Energy Transition Outlook highlighting that global energy-related emissions are still climbing and are only likely to peak in 2024. “The pace of the transition is far from fast enough for a net-zero energy system by 2050…
The chief economist of oil major Equinor said on Wednesday that Europe could reduce carbon dioxide emissions by 70% by 2050, but said oil and gas investments must continue in ordre to keep pace with growth in demand. The CO2 cuts will mainly be due to the region's growth in electrification…
The Norwegian Petroleum Directorate said Friday it had received applications from four companies with proposed acreage for storing CO2 in the North Sea, offshore Norway.While the applications came from four companies, NPD said it had received two applications…
Petronas CCS Ventures, a subsidiary of the Malaysian oil and gas giant Petronas has signed a term sheet with Mitsui O.S.K Lines, Ltd. (MOL) and MISC Berhad for the potential incorporation of a joint venture entity to invest in developing and…
Italian energy group Eni has won a second carbon dioxide storage licence in Britain, the company said on Friday. The new licence is for the depleted Hewett gas field located 20 kilometers (12.4 miles) offshore Bacton, in the southern North Sea sector of Britain…
Norway's $1.4 trillion sovereign wealth fund, the world's largest, revealed stricter demands on Friday for how companies it invests in should handle climate risk, telling boards to move from target setting to transition planning.The fund, which…
Global investment of $2.7 trillion a year is needed to achieve net zero emissions by 2050 and avoid temperatures from rising above 1.5 degrees Celsius this century, a report by consultancy Wood Mackenzie said on Thursday. Scientists have said…
Dutch FPSO leasing specialist SBM Offshore and Japanese industrial group Mitsubishi Heavy Industries Ltd. (MHI) have signed a partnership agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels…