Australia asked companies on Wednesday to nominate offshore acreage they want to explore for places to bury carbon dioxide, part of a government drive to promote carbon capture and storage (CCS) to help cut emissions.'The coalition government…
Engineering firm Wood has secured an extension of its existing framework agreement with the Norwegian oil and gas giant Equinor. Wood will continue to support Equinor's offshore assets on the Norwegian Continental Shelf as part of the agreement…
Lundin Energy has sold an oil cargo certified as carbon neutral at the point of production to South Korean refiner GS Caltex in the first such sale of crude from Norway's Johan Sverdrup field, the Swedish company said on Wednesday.Oil companies…
Norwegian carbon tech company Horisont Energi has selected Saipem and Technip Energies for two independent concept studies for the full conceptual design of the Barents Blue carbon-neutral ammonia plant in Hammerfest, northern Norway.Back in May…
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…
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 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…
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…
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…
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…
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 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…
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 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…
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…