Decarbonization News


Norway Greenlights Offshore Carbon Storage Project Northern Lights

Dec 15, 2020

The Norwegian Government on Tuesday today announced its funding decision for the Northern Lights CO2 transport and storage project, led by Equinor, Shell, and Total.The three oil companies made a conditional investment decision on the Northern Lights CO2 transport and storage project in May 2020…

Pandemic Nudging Firms to Address Climate Change, Norwegian Oil Fund Says

Dec 15, 2020

The coronavirus pandemic may be accelerating a shift among companies worldwide to make their operations more environmentally sustainable, a high-ranking official at Norway's $1.25 trillion sovereign wealth fund said on Monday.The fund is one of the world's largest investors…

Exxon Sets Greenhouse Gas Emissions Reduction Target

Dec 14, 2020

Oil major Exxon Mobil Corp said on Monday it planned to reduce its greenhouse gas emissions over the next five years, as investors and climate change campaigners ratchet up the pressure for action to limit global warming.The move comes after…

Why Green Hydrogen is Finally Getting its Day in the Sun

Dec 11, 2020

Hydrogen has taken off this year as the future green fuel of choice, with governments and businesses betting big that the universe's most abundant element can help fight climate change.More than $150 billion worth of green hydrogen projects have been announced globally in the past nine months…

Neptune Energy Launches Study for Large Scale Offshore Carbon Capture Project in North Sea

Dec 10, 2020

Oil and gas company Neptune Energy on Thursday launched a feasibility study into plans for a large-scale offshore Carbon Capture and Storage (CCS) project in the Dutch North Sea, with the potential to safely store 120-150 million tonnes of CO2…

UK Working on Roadmap to Decarbonize Offshore Wind Vessel Operations

Dec 10, 2020

The UK Government has tasked the Offshore Renewable Energy (ORE) Catapult and the Workboat Association (WA) with the development of a Technology Roadmap, outlining a route to the decarbonization of North Sea offshore wind operations and maintenance (O&M) vessels…

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…

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