Carbon Capture News

 

UK Launches First Ever Offshore Carbon Storage Licensing Round

Jun 15, 2022

The UK-based North Sea Transition Authority (NSTA) on Tuesday launched UK’s first-ever carbon storage licensing round with 13 areas available.   'The new carbon storage areas, alongside the six licences which have been issued previously, could have the ability to make a significant contribution towards the aim of storing 20-30 million tonnes of carbon dioxide (CO2) by 2030,' the NSTA, formerly known as theThe areas being offered for licensing are off the coast of Aberdeen…

Korean Companies Ink CCS MoU With Petronas

Aug 04, 2022

Six South Korean companies and Malaysian state-owned energy company Petronas have agreed to work together to look at the feasibility of a cross border carbon capture and storage project in what's been called Asia’s first CCS hub project. Under a memorandum of understanding (MOU)…

Inpex, Australia's Northern Territory Gov't Sign Net-Zero Agreement

Jul 21, 2022

Japanese oil and gas company Inpex said Friday it had signed a statement of commitment to a net zero emissions future with the government of Australia’s Northern Territory, where the Ichthys LNG Project’s onshore gas liquefaction plant is located…

Equinor and Fluxys Plan 1000-km European Pipeline to Norwegian Offshore CO2 Storage Sites

Jun 29, 2022

Norway's Equinor and Belgium's Fluxys plan to build a 1,000-km (620-mile) pipeline to transport CO2 captured on the European continent for storage underneath the North Sea [on the Norwegian continental shelf], the two companies said on Wednesday…

Deal Signed to Progress Carbon Capture and Storage in the Dutch North Sea

Jun 20, 2022

Neptune Energy, ExxonMobil subsidiary XTO Netherlands, Rosewood Exploration and EBN Capital B.V. signed a cooperation agreement to progress the L10 large-scale offshore carbon capture and storage project in the Dutch North Sea.The agreement…

Consortium Wins FEED Contract for Keadby 3 Carbon Capture Power Station

Jun 16, 2022

A consortium of Aker Solutions, Siemens Energy and Doosan Babcock has been awarded the front-end engineering and design (FEED) contract for SSE Thermal and Equinor’s proposed Keadby 3 Carbon Capture Power Station, which could become the UK’s first power station with carbon capture and storage…

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…

Adapting Subsea Technologies to enable CCUS Initiatives

May 13, 2022

Reimagining uses for innovative technologies originally designed for critical service in subsea developments could open the door to safer CO2 storage and usage.The energy transition occurring worldwide is redefining energy production and consumption…

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…

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…

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…

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…

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…

dCS, JX NOEX File Bid for Offshore Carbon Capture & Storage Project in Australia

Mar 16, 2022

Australian carbon capture and storage firm deepC Store (dCS) said Wednesday it had with JX Nippon Oil & Gas Exploration Corporation (JX NOEX) submitted a joint bid for a Greenhouse Gas Assessment Permit for a Greenhouse Gas Storage Acreage Release Area in offshore Australia…

Neptune Energy Targets 2030 to Store More Carbon Than It Emits

Mar 01, 2022

With increasing pressure on the oil and gas industry to cut its emissions footprint, Neptune Energy said it aims to go beyond net zero and store more carbon than is emitted from its operations and the use of its sold products by 2030.According to the company…

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