Decarbonization News


ExxonMobil Sees Carbon Capture Market at $4 Trillion by 2050

Apr 20, 2022

ExxonMobil Corp. estimates there will be a $4 trillion market by 2050 for capturing carbon dioxide and storing it underground, the company said in a presentation on Tuesday.That is about 60% of the $6.5 trillion market the U.S. largest crude producer estimates for oil and gas by then…

Eni Taps Seismic Firm Shearwater for CO2 Storage Survey Offshore UK

Apr 19, 2022

Shearwater GeoServices has said it has won a 3D geophysical survey with Eni with an option for a second survey, for a carbon storage project in Liverpool Bay, England.“We are delighted to conduct this survey work for Eni, advancing UK carbon storage by deploying towed streamer…

Flowserve's Control Valves for Norwegian CCS Project

Apr 15, 2022

Flowserve Corporation has won a contract to provide control valves for a portion of Norway’s first cross-border and open-source carbon capture and storage facility. 'With an estimated 2024 completion, this facility will be the first of its kind…

TotalEnergies Shareholders Deposit New Climate Resolution for AGM - document

Apr 15, 2022

A group of minority shareholders in TotalEnergies TTEF.PA will present to the shareholders meeting a resolution asking the oil and gas major to detail its efforts to reduce greenhouse gas emissions, a copy of the resolution showed.The group consists of 12 French shareholders representing 0…

ExxonMobil Working to Store CO2 in Depleted Offshore Fields in Australia's Gippsland Basin

Apr 14, 2022

U.S. oil major said ExxonMobil said Thursday today was undertaking early front-end engineering design studies (pre-FEED) to determine the potential for carbon capture and storage to reduce greenhouse gas emissions from multiple industries in the Gippsland Basin…

SNC-Lavalin to Assist with Shore-power Connection for ADNOC's Offshore Platforms

Apr 14, 2022

File Photo: ADNOCSNC-Lavalin has won a four-year advisory and engineering services contract from Abu Dhabi National Oil Company (ADNOC) to support its offshore operations power project. A high-voltage, direct current (HVDC-VSC) subsea transmission…

Climate Activist Sees More Shareholders Pressing ConocoPhillips on Emissions

Apr 13, 2022

An activist shareholder who last year convinced a majority of ConocoPhillips investors to approve a measure calling for emission cuts said the oil major did not fully follow through and said he expects to win even more support this year for a similar proposal…

Shell and Uniper to Develop Blue Hydrogen Plant in UK. CO2 to be Stored Under North Sea Seabed

Apr 12, 2022

Shell and Uniper have signed a collaboration deal to progress plans for the production of low-carbon blue hydrogen at Uniper’s Killingholme power station site in North Lincolnshire, UK, that could be used to decarbonize industry, transport and power in the region…

Boskalis to Install Power Packs on Offshore Energy Branch Vessels

Apr 11, 2022

Dutch marine and offshore energy services firm Boskalis said Monday it would convert vessels within its Offshore Energy division into hybrid vessels through the retrofitting of Energy Storage Systems, or ‘power packs’. 'The conversions, which entail a sizable capital investment…

Norway Opens New CO2 Storage Area for Bids

Apr 08, 2022

Norway on Friday announced a new area for CO2 storage in the North Sea, due to growing interest from the industry.'Several companies expressed interest for licenses under the carbon storage regulations, and new store locations are vital. Carbon…

Equinor, Vår Energi, Horisont Energi Awarded CO2 Storage License in Barents Sea

Apr 05, 2022

Norwegian oil and gas company Vår Energi has together with its partners Equinor (operator) and Horisont Energi, been awarded the Polaris CO2 storage license in the Barents Sea,The Polaris CO2 storage reservoir is located in the Barents Sea, ca 100 km off the coast of Finnmark…

Pilot Takes Over WA 481P Offshore Block in Australia

Apr 05, 2022

Australia's Pilot Energy Limited has increased its interest in the WA 481P offshore exploration permit off W. Australia to 100% following receiptof final approval from the National Offshore Petroleum Tenures Administrator (NOPTA) of Pilot’s…

CCUS: Genesis Wins Northern Endurance Partnership Offshore FEED

Apr 04, 2022

British oil major BP, the operator of Net Zero Teesside Power (NZT Power) and the Northern Endurance Partnership (NEP) has awarded Genesis the NEP offshore FEED.In October 2021, the UK government selected the Northern Endurance Partnership’s…

Energean Hires Halliburton for Carbon Storage Project Offshore Greece

Mar 25, 2022

Oilfield services firm Halliburton has won a contract with oil and gas firm Energean to assess the carbon storage potential of the Prinos basin in Greece.Halliburton said this week that its carbon capture, utilization, and storage (CCUS) experts…

Shore Power On, Engines Off for Heerema's Giant Crane Vessels Sleipnir and Thialf

Mar 17, 2022

Offshore installation company Heerema Marine Contractors said Thursday that its largest semi-submersible crane vessels, Sleipnir and Thialf, recently switched from using their engines to using Shore Power in the Port of Rotterdam.'The successful…

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