Decarbonization News

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…

px Group to Support Cerulean Winds' Hydrogen Sites

Jul 19, 2021

Green infrastructure developer Cerulean Winds, which wants to build 200-turbine floating wind and hydrogen project in Scotland, has signed an agreement with px Group, the UK-based operator of large-scale industrial facilities.Cerulean in June filed plans to develop a $14 billion…

ExxonMobil Joins Scottish Carbon Capture and Storage Project

Jul 16, 2021

U.S. oil major ExxonMobil has agreed to take part in the Scottish carbon capture project that's designed to store carbon from onshore industrial plants under the North Sea seabed.The project, named Acorn carbon capture and storage project (CCS) in Scotland…

8 Rivers Capital, Sembcorp Energy to Build Net-Zero Emissions Plant in UK

Jul 13, 2021

U.S. clean technology firm 8 Rivers Capital and Sembcorp Energy UK, a subsidiary of Singapore-based Sembcorp Industries, plan to build a net-zero emissions power plant in Teesside in northeast England, the firms said on Tuesday.The 300-megawatt project…

Decarbonizing Offshore Drilling: FUELSAVE Pens Deal with Seadrill

Jul 13, 2021

Germany-based 'cleantech' provider FUELSAVE has signed a contract with offshore drilling company Seadrill to deploy its advanced combustion conditioning technology on Seadrill's drillship.The technology promises to reduce primary fuel oil consumption and cut Co2 and GHG emissions from the rig…

Shell to Join Clean Hydrogen Project in Norway

Jul 13, 2021

Shell will join a project in Norway to produce hydrogen from natural gas while capturing the emissions, Aker Clean Hydrogen (ACH) said on Monday.Countries across Europe are looking at ways to produce emissions-free hydrogen to help reduce carbon emissions and avert global warming…

Aker Launches Carbon Capture as a Service Offering

Jul 12, 2021

Norwegian company Aker Carbon Capture (ACC) said on Monday it would launch a service offering the removal of carbon dioxide (CO2) from industrial processes and its subsequent storage.The company, previously a division of oil services company Aker Solutions…

Current News

James Fisher Launches Decommissioning Business Line JF Decom

Chevron Kicks Off Oil Industry's Q4 Results With a Miss

Vantage Drilling to Manage Another Aquadrill Offshore Drilling Rig

Oil Workers Race to Protect Beaches from Spill Offshore Thailand

Subscribe for OE Digital E‑News