Decarbonization News


CNOOC Launches China's First Offshore Carbon Capture & Storage Project

Aug 30, 2021

China's top offshore oil and gas producer, CNOOC, has launched the country's first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more than 1.46 million tonnes of carbon dioxide.As one of the…

Malaysia: Shell to Develop Timi Field with Solar, Wind-powered Platform

Aug 30, 2021

Shell's Malaysian subsidiary Sarawak Shell Berhad has made a final investment decision (FID) on the Timi gas development, offshore Sarawak, in Malaysia. The Timi development will feature Shell Sarawak Berhad's first wellhead platform in Malaysia…

Ex-Total E&P Denmark Boss to Lead Green Transition of Ramboll's Oil & Gas Division

Aug 27, 2021

Danish engineering firm Ramboll has appointed Patrick Gilly, a former Managing Director of Total E&P Denmark as director to lead the green transition of its oil and gas services business.'The green transition is high on the agenda in Ramboll…

Denmark, Costa Rica Call Countries to Set Oil Output Phaseout Date

Aug 26, 2021

Denmark and Costa Rica are trying to forge an alliance of countries willing to fix a date to phase out oil and gas production and to stop giving permits for new exploration, government ministers said and documents showed.Burning fossil fuels…

Talos Energy, Carbonvert JV Wins Rights to Manage Carbon Storage Site Offshore Texas

Aug 25, 2021

U.S. oil and gas company Talos Energy, focused on oil and gas assets in the Gulf of Mexico, said Wednesday it was its partners Carbonvert, the sole winning bidder for the Texas General Land Office's ('GLO') Jefferson County, Texas carbon storage site located near Beaumont and Port Arthur…

Seismic Firms Team Up for Offshore Wind, Carbon Capture Projects

Aug 24, 2021

Magseis Renewables, a renewables-focused subsidiary of the Norwegian offshore oil and gas seismic acquisition contractor Magseis Fairfield, has entered two technology pilot projects for carbon capture and storage (CCS) and offshore wind in collaboration with the Norwegian seismic data company TGS…

Wood Secures First-ever UKEF-backed Energy Transition Loan

Aug 19, 2021

Engineering firm Wood, know to OEDigital audience for its services in the space of offshore oil and gas, said Thursday it had agreed a $600 million (£430m) loan with UK Export Finance, the UK government's export credit agency, which will help…

Exxon Investing in Brazil's Offshore Fields to Reduce CO2 Emissions

Aug 19, 2021

Exxon Mobil Corp sees its investments in Brazil's offshore helping the company achieve a goal of lowering carbon emissions in its oil and gas production, country head Juan Lessmann said on Wednesday.Exxon's board is considering a pledge to cut…

Petronas Says Delivers Maiden Carbon Neutral LNG Cargo

Aug 18, 2021

Malaysian oil and gas company Petronas said Wednesday it had delivered its first carbon neutral liquefied natural gas (LNG) cargo to Shikoku Electric.The cargo was delivered from the Petronas LNG Complex (PLC) in Bintulu and was received Tuesday at the Sakaide LNG terminal in Shikoku Island…

Wood Expects $500M Worth of CCUS Projects Coming to Market in Medium Term

Aug 18, 2021

UK-based engineering firm Wood said Wednesday it expected continued growth in the carbon capture utilization and storage market, with circa $500M worth of potential CCUS projects coming to market in the medium term.'Wood has strengthened its…

Consortium of 29 Firms Backs Danish Carbon Capture and Storage Project

Aug 17, 2021

INEOS Energy, Wintershall Dea, and a consortium of 29 companies, research institutes, and universities, on Tuesday, signed an agreement to support the next phase of the Greensand pilot project to demonstrate the safe and permanent storage of CO2 in offshore reservoirs in the North Sea…

Magseis to Join Danish Carbon Capture and Storage Project Greensand

Aug 17, 2021

Magseis Renewables, a subsidiary of offshore OBN seismic contractor Magseis Fairfield, has entered into a memorandum of understanding to join phase 2 of the Greensand carbon capture and storage (CCS) project consortium. The project entails transporting…

Harbour Energy Taps Xodus for Offshore Platform Electrification Support

Jul 30, 2021

North Sea oil and gas producer Harbour Energy has tapped consultancy Xodus to assess the infrastructure and modifications required to enable electrification of the oil and gas company's Central North Sea platforms.The move comes following the…

Offshore Seismic Duo in Carbon Capture Utilization and Storage Pact

Jul 22, 2021

Norwegian marine seismic data acquisition company PGS has signed a MoU with the French geoscience firm CGG, with a plan to combine their seismic MultiClient products and technical capabilities applied to the Carbon Capture Utilization and Storage (CCUS) industry…

TotalEnergies, Technip Energies Team Up to Decarbonize Offshore and LNG Sectors

Jul 21, 2021

TotalEnergies, a France-based oil major with green energy aspirations, is partnering up with energy services giant Technip Energies to develop low-carbon solutions for LNG production and offshore facilities.As part of the partner-up, which the duo says is set up to accelerate the energy transition…

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