Decarbonization News

 

Half of Norway's Oil Output to be Powered from Shore by Mid-2020s

Jun 26, 2020

Offshore platforms delivering almost half of Norway's oil production might soon be powered from shore, which the government says, would reduce emissions considerably, given that Norway's mainland electricity comes mainly from hydropower and wind farms.'Today, eight fields on the Norwegian shelf receive power from the Norwegian power grid. Decisions have also been made to supply another eight fields with power in this manner…

DNV GL: Oil Demand, CO2 Emissions Probably Peaked in 2019

Jul 01, 2020

Global oil demand and carbon dioxide emissions probably peaked in 2019 as the COVID-19 pandemic will have a lasting impact on both, energy consultancy DNV GL said on Wednesday.The Norway-based consultancy, which advises both petroleum and renewable energy companies on risk management and technology…

UK: Equinor Building Hydrogen Plant with Offshore CCS

Jul 01, 2020

Norwegian energy giant Equinor said Wednesday it would build a gas-to-hydrogen plant in the UK in combination with carbon capture and storage. The captured carbon would be stored in offshore storage in the North Sea. Equinor said the facility…

Parat Halvorsen Electric Boilers for Edvard Grieg Platform

Jun 26, 2020

Norwegian company Parat Halvorsen will supply the electric boilers that will provide the heating on the Edvard Grieg platform offshore Norway when the field is supplied with power from shore. 'This means that the last piece of the puzzle to fully electrify Edvard Grieg is coming into place…

Norway's Carbon Capture and Storage Project Estimated to Cost $2.6B

Jun 25, 2020

Norway's ambition to build a full-scale carbon capture and storage (CCS) chain could cost around $25 billion crowns ($2.58 billion), including operating costs for ten years, an economic analysis showed on Thursday.The International Energy Agency…

EU Hydrogen Plan Splits Supporters Down Color-coded Lines

Jun 25, 2020

Energy industry lobbyists and advocates of renewable hydrogen are divided over whether the bloc should support low-carbon hydrogen produced by fossil fuels ahead of a new EU strategy next month.The EU's executive Commission plans to publish its hydrogen strategy on July 8…

CNOOC Buys Two Carbon-neutral LNG Cargoes from Shell

Jun 22, 2020

China National Offshore Oil Corp, or CNOOC, has agreed to buy from Royal Dutch Shell two cargoes of liquefied natural gas with offset carbon emissions, marking China's first gas imports of this kind, said the Shanghai Oil and Gas Exchange.CNOOC…

Eni CEO Working to Make Green Push Irreversible

Jun 18, 2020

Eni CEO Claudio Descalzi wants to turn the 67-year-old Italian oil and gas firm into a greener business, focusing on clean low-carbon products to build a huge customer base which he believes can steady the ship and attract investors more than ever…

Denmark Still has Far to Go to Meet 2030 Emissions Goal

Jun 18, 2020

Denmark will reduce greenhouse gas emissions by 44% by 2030 compared with 1990 levels if no new initiatives are introduced, the Danish Energy Agency (DEA) projected on Thursday.This means Denmark, broadly seen as a leader in efforts to tackle climate change…

Maersk Drilling Joins Offshore CO2 Storage Project

Jun 17, 2020

Danish offshore drilling company Maersk Drilling has joined a consortium whose aim is to develop an offshore storage solution for CO2 captured in Danish onshore facilities.Maersk Drilling said Wednesday it was joining a new CO2 storage consortium…

UK's Offshore Oil & Gas Industry to Cut Output Emissions by Half in Next Decade

Jun 17, 2020

The UK’s offshore oil and gas industry has committed to cutting operational emissions by half in the next decade through operational improvements, flaring reduction, and powering offshore platforms with electricity.OGUK, a UK industry body representing…

Acorn CSS & Hydrogen Project to Get Scottish Gov't Funding

Jun 15, 2020

The Acorn carbon capture and storage and hydrogen project in the UK North Sea will get Scottish Government funding to help drive forward Scotland’s Net Zero carbon targets by 2045. The funding is part of a five year, £62m package will be provided by a new scheme…

BP Lowers Oil Outlook. Expects to Take up to $17.5B Writedown

Jun 15, 2020

BP will write off up to $17.5 billion from the value of its assets after cutting its long-term oil and gas price forecasts, betting the COVID-19 crisis will cast a lasting chill on energy demand and accelerate a shift away from fossil fuels…

Equinor Sanctions Sleipner Field Electrification

Jun 09, 2020

Norwegian energy company Equinor has made an investment decision to partly electrify the Sleipner field in the North Sea, offshore Norway.Equinor, with its partners  Vår Energi, LOTOS and KUFPEC on Tuesday filed a revised plan for development and operation to the authorities…

Eni, Fincantieri in Decarbonization Co-op

Jun 03, 2020

Italian industrial giants, energy firm Eni and shipbuilding group Fincantieri have signed a Memorandum of Understanding (MoU) to explore innovative initiatives in the field of decarbonization and circular economy, including offshore renewable technologies…

Current News

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

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Gibdock Repairs Shearwater Duo

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Hermitage Offshore Services Gets a Short Breather from Creditors

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Norway-linked Firms Might Bid for Petrobras' Golfinho Field Offshore Brazil

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