Decarbonization News


Italy's Eni Involved in 5 UK Carbon Capture Projects

Apr 03, 2023

Italy's Eni said on Friday it was involved in five carbon capture projects selected by Britain in a first group of initiatives worth 20 billion pounds ($25 billion) of government funding.The British government last Thursday said it had shortlisted…

UK Shortlists BP, Equinor Low-carbon Gas Power Project for Support

Mar 31, 2023

Britain shortlisted for state support a project by BP BP.L and Equinor to build a large-scale gas power plant with carbon capture and storage (CCS), the government's latest selection round showed on Thursday.The British government has shortlisted…

Norway Offers New Exploration Licenses for CO2 Storage in North Sea

Mar 31, 2023

The Norwegian Ministry of Petroleum and Energy on Friday offered two new exploration licenses related to CO2 storage on the Norwegian continental shelf in the North Sea.The two exploration licenses offered are located in the southern part of the North Sea…

Big Oil Splits Over Production vs Carbon Storage in Gulf of Mexico Auction

Mar 30, 2023

Exxon Mobil Corp on Wednesday bid for offshore blocks to store carbon dioxide underground during a government oil and gas lease sale in the U.S. Gulf of Mexico, while rivals Chevron Corp and BP Plc targeted areas for production.The largest U…

Investors Push Norwegian Gov't over Equinor Climate Planning

Mar 28, 2023

Investors have stepped up pressure on Norway's state-backed oil and gas company Equinor to cut its carbon emissions more quickly by holding the first direct talks with the government. The group of investors, which advise on or manage more than $2 trillion in assets…

Crown Estate Scotland Selects 13 Offshore Wind Projects to Decarbonize Oil Platforms

Mar 24, 2023

Crown Estate Scotland has announced the results of the world’s first leasing round designed to enable offshore wind energy to supply offshore oil and gas platforms directly.  Thirteen projects have been offered exclusivity agreements.INTOG (Innovation…

DNV Study Highlights Importance and Potential of Offshore Hydrogen Production in Europe

Mar 16, 2023

Offshore hydrogen production is paramount to meet the substantial increase expected in European hydrogen demand, as hydrogen is due to play a significant role as a low-carbon energy carrier – not only to decarbonize hard-to-abate sectors, but also to boost security of energy supply in Europe…

Louisiana's Request to Oversee Carbon Storage Projects Moving Ahead, EPA says

Mar 16, 2023

The U.S. Environmental Protection Agency (EPA) by May should complete a review of Louisiana's request to take on oversight of carbon capture projects, according to a letter to the state, which wants to speed up approvals.Louisiana is seeking to permit and monitor so-called Class VI wells…

Offshore Charging and Electric Foiling Vessels to Cut Emissions from Offshore Wind Operations

Mar 15, 2023

The UK-based Offshore Renewable Energy (ORE) Catapult is driving forward decarbonization in the maritime industry after winning two projects in the Clean Maritime Demonstration Competition (CMDC) round 2, funded by the Department for Transport…

Indonesia Invites Oil Firms to Set Up Carbon Capture Facilities

Mar 10, 2023

Oil and gas companies operating in Indonesia are being encouraged to install carbon capture facilities in their working areas, the Energy Ministry said on Friday.The resource-rich country, which is also one of the world's biggest greenhouse gas emitters…

Project Greensand: First CO2 Injected in Depleted Oil Field in Danish North Sea

Mar 08, 2023

Denmark's Crown Prince Frederik inaugurated on Wednesday what has been described as 'a world first' with the injection of carbon dioxide into a depleted oil field in the Danish North Sea as part of Project Greensand.The CO2 was captured at an INEOS Oxide site in Belgium…

Chevron, Jera in CCS MoU

Mar 08, 2023

Chevron New Energies, a division of Chevron U.S.A. Inc., and JERA Co. have signed a Memorandum of Understanding (MOU) for collaboration on carbon capture and storage (CCS) projects located in the United States and Australia. 'This MOU has the…

FACTBOX - Carbon Capture and Storage Projects Across Europe

Mar 07, 2023

Efforts to remove carbon dioxide (CO2) emissions from industry and store them underground storage have gained steam across Europe over the past few years as countries seek to meet their climate goals.The interest in carbon capture and storage…

The Crown Estate and Crown Estate Scotland Survey Industry on Carbon Capture Utilisation and Storage

Mar 07, 2023

The Crown Estate and Crown Estate Scotland have started the first round of formal engagement with developers on Carbon Capture Utilisation and Storage (CCUS). The two organizations, one responsible for the seabed around England, Wales, and Northern Ireland…

Chevron, Talos Energy Triple Size of Planned Texas Carbon Hub

Mar 07, 2023

Oil producers Chevron Corp and Talos Energy Inc on Monday said they have tripled the size of a proposed carbon capture and storage hub for the Gulf Coast.Their joint venture, which includes Carbonvert Inc, plans to collect and bury greenhouse gases from clients in the petrochemical…

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