Decarbonization News


Norwegian Offshore Drilling Firm Enters Floating Wind Game

Aug 27, 2020

Norwegian offshore oil and gas drilling contractor Odfjell Drilling is stepping out of the comfort zone and into the offshore renewables space.The company, which provides drilling rigs for oil and gas companies, on Thursday announced its investment in Oceanwind AS…

Aker's Carbon Capture, Offshore Wind Spinoffs Shares Surge in Market Debut

Aug 26, 2020

Shares of Aker Carbon Capture and Aker Offshore Wind surged on their first day of trading in Oslo on Wednesday, delivering a boost to the Aker conglomerate's strategy of spinning off environment technology. Aker Solutions, controlled by Norwegian billionaire Kjell Inge Roekke…

OGA: Offshore Platform Electrification Vital For 2050 Net Zero Emissions Goal

Aug 24, 2020

The UK oil and gas regulator Oil and Gas Authority (OGA) last week hosted the first of a series of workshops on offshore oil and gas platform electrification aimed at reducing greenhouse gas emissions, a step dubbed vital in helping the UK reach the net-zero target by 2050…

Poland Could Become Climate Neutral by 2056

Aug 21, 2020

Poland, the only European Union country that has not pledged to be carbon neutral by 2050, could reach that goal by 2056, a study by the state Polish Economic Institute (PEI) showed on Wednesday.Poland generates almost 80% of electricity from…

'Strong Interest' in Aker Solutions' Offshore Wind, Carbon Capture Spin-offs' Private Placements

Aug 14, 2020

Norwegian offshore engineering and construction firm Aker Solutions said Friday its offshore wind and carbon capture subsidiaries had raised NOK 500 million each in private placements.Aker Solutions in July said it would spin off its wind development…

Offshore Energy Industry Can Help UK Hit Net-Zero Emissions Target, O&G Regulator Says

Aug 06, 2020

“The UK Continental Shelf has the potential to make a deep and meaningful impact on the UK’s overall net-zero target and offshore energy integration can be the game-changer,' Andy Samuel, CEO of the UK's Oil and Gas Authority said Thursday.Samuel's…

Germany Gov't to Fund Offshore Wind-to-Green Hydrogen Project

Aug 04, 2020

The German Federal Ministry of Economic Affairs and Energy has sent a funding confirmation to partners working on the WESTKÜSTE 100 green hydrogen project.The WESTKÜSTE 100 project, which will produce green hydrogen via electricity generated by offshore wind turbines…

Envoy Acquires Avantis Marine

Jul 30, 2020

UK-based Envoy Group has acquired a marine engineering company, Avantis Marine, to target carbon reduction and clean energy solutions for offshore markets.Avantis specializes in marine engineering with a focus on environmental performance and clean technologies for the shipping…

Danish Offshore Driller Investing in 'Carbon-Negative' Tech

Jul 29, 2020

Danish offshore oil and gas drilling company Maersk Drilling is stepping up its efforts to reduce emissions associated with its drilling operations.It in June joined a consortium whose aim is to develop an offshore storage solution for CO2 captured in Danish onshore facilities…

UK: OGTC, ORE Catapult Team Up to Speed Up Net-zero Emissions Drive

Jul 22, 2020

Two UK-based energy technology firms The Oil & Gas Technology Centre and Offshore Renewable Energy (ORE) Catapult are joining forces in a five-year collaboration aimed at speeding up the UK's transition to a net-zero future.The partnership named Energy Transition Alliance (ETA)…

Aker Solutions to Spin Off Offshore Wind, Carbon Capture Ahead of Kvaerner Merger

Jul 17, 2020

Norwegian offshore energy services provider Aker Solutions will spin off its wind development business and the carbon capture technology business in two separate firms, ahead of the proposed merger with engineering and construction firm Kvaerner…

Oil Giants Including Exxon Set First Joint Carbon Target

Jul 17, 2020

A group of the world's top oil companies, including Saudi Aramco, China's CNPC, and Exxon Mobil, have for the first time set goals to cut their greenhouse gas emissions as a proportion of output, as pressure on the sector's climate stance grows…

DNV GL: Oil Demand, CO2 Emissions Probably Peaked in 2019

Jul 01, 2020

Global oil demand and carbon dioxide emissions probably peaked in 2019 as the COVID-19 pandemic will have a lasting impact on both, energy consultancy DNV GL said on Wednesday.The Norway-based consultancy, which advises both petroleum and renewable energy companies on risk management and technology…

UK: Equinor Building Hydrogen Plant with Offshore CCS

Jul 01, 2020

Norwegian energy giant Equinor said Wednesday it would build a gas-to-hydrogen plant in the UK in combination with carbon capture and storage. The captured carbon would be stored in offshore storage in the North Sea. Equinor said the facility…

Half of Norway's Oil Output to be Powered from Shore by Mid-2020s

Jun 26, 2020

Offshore platforms delivering almost half of Norway's oil production might soon be powered from shore, which the government says, would reduce emissions considerably, given that Norway's mainland electricity comes mainly from hydropower and wind farms…

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