Decarbonization News


Shearwater GeoServices Wins Work at CCUS Project in UK

May 31, 2022

Marine seismic survey firm Shearwater GeoServices has won a contract in the UK related to a carbon capture and storage project.The project, awarded by BP on behalf of the Northern Endurance Partnership  (NEP), is for geophysical data processing and imaging to advance the East Coast Cluster…

Exxon, Chevron Shareholders Back Energy Transition Plans

May 26, 2022

Shareholders of Exxon Mobil Corp and Chevron Corp on Wednesday voted in favor of the energy transition strategies proposed by the two largest U.S. oil producers, following similar support of European oil firms' climate plans.Major oil producers…

Decarbonization: Geothermal Study Launched to Repurpose Old North Sea Wells

May 24, 2022

Petrofac, an international service provider to the energy industry, will be supporting deep geothermal specialist CeraPhi Energy in what has been described as a first-of-a-kind geothermal study looking at the repurposing of oil and gas wells using CeraPhi’s technology…

Chevron Enters U.S. Gulf of Mexico CCS JV

May 24, 2022

Oil major Chevron has closed the transaction to enter a U.S. Gulf of Mexico carbon capture and storage joint venture with Talos Energy and Carbonvert.The companies on Tuesday announced the execution of definitive documentation and closing of…

Palantir, Trafigura to Track Carbon Emissions for Oil, Metals industry

May 24, 2022

Palantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil, gas, refined metals, and concentrates sector.The companies…

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

May 18, 2022

Australia's vast liquefied natural gas (LNG) sector is betting its future on carbon capture and storage (CCS), a technology it says is vital to decarbonization and is proven.Convincing everybody else is going to be the tricky part, especially…

UK-based Waste Management Firm to Store CO2 Under Seabed in Norway

May 13, 2022

Cory, a UK-based waste management and recycling company, might soon ship carbon dioxide from its 'energy from waste operation' on the River Thame in London to Norway's Northern Lights subsea carbon storage facilities.Cory and Northern Lights…

BP Wins Shareholder Support for Climate Strategy

May 13, 2022

BP shareholders on Thursday backed the energy company's climate strategy, while fewer investors than last year supported a resolution filed by an activist group urging faster action to battle climate change.The vote at BP's annual general meeting…

BP and Equinor Win CO2 Storage Licenses in UK North Sea

May 12, 2022

Oil and gas companies BP and Equinor have been awarded licenses to store CO2 under the UK North Sea seabed.According to the North Sea Transition Authority (NSTA), which awarded the licenses with an appraisal term of eight years, the Southern…

U.S. Energy Department to Commit $2.25B to Carbon Storage Program

May 05, 2022

The U.S. Department of Energy intends to commit $2.25 billion for projects to store carbon dioxide underground and help fight climate change, it said on Thursday.The funding for carbon storage validation and testing over the next five years…

Chevron to Buy Into U.S. Gulf of Mexico Carbon Capture & Storage Joint Venture

May 03, 2022

U.S. oil companies Chevron and Talos and carbon capture & storage project development & finance company Carbonvert have signed a memorandum of understanding (“MOU”) for an expanded joint venture to develop the Bayou Bend CCS offshore carbon…

Hyundai Heavy Gets ABS Approval for CO2 Injection Platform

May 03, 2022

American Bureau of Shipping has granted its Approval in Principle (AIP) for the carbon dioxide injection platform developed by Hyundai Heavy Industries.The platform has been designed to store carbon dioxide that has been captured on land, liquefied at high pressure…

Svanehøj Pumps for Northern Lights CO2 Carriers

May 03, 2022

The Danish marine pumps specialist Svanehøj will supply pump systems for two CO2 carriers that will transport liquid CO2 to the Northern Lights storage facilities in Norway.Northern Lights, the JV owned by Equinior, Shell, and TotalEnergies…

McDermott Joins NSTA-led Bacton Energy Hub Project

Apr 26, 2022

McDermott International has said it has joined a group of industry experts focused on unlocking the potential for a hydrogen-led energy hub located at Bacton, Norfolk, UK. The UK North Sea Transition Authority (NSTA), previously known as the Oil and Gas Authority…

CCB Energy, Northern Lights to Develop CO2 Value Chain in Norway's Øygarden

Apr 22, 2022

Norwegian company CCB Energy which is working to build a green industrial park at the Energy Park in Øygarden municipality, Norway, is partnering up with carbon capture and storage joint venture Northern Lights to develop a CO2 value chain for the local and regional industry in the area…

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