Decarbonization News

 

Scotland Eyes Offshore Wind Lease Sale Aimed at Decarbonizing Offshore Oil and Gas Platforms

Feb 23, 2022

Crown Estate Scotland on Tuesday announced the proposed details of its Innovation and Targeted Oil and Gas (INTOG) offshore wind leasing process, aimed at building wind farms to be used to power offshore oil and gas installations.'Developers…

Aker Solutions, Dril-Quip Team Up to Offer Subsea Injection Systems for CCUS Projects

Feb 22, 2022

Norwegian offshore engineering and construction services firm Aker Solutions and the U.S.-based offshore energy industry equipment maker Dril-Quip have entered into a Collaboration Agreement to offer subsea injection systems for carbon capture…

Wärtsilä Assisting Solstad Offshore with Fleet Decarbonization

Feb 22, 2022

Norwegian offshore vessel owner Solstad Offshore has plans to reduce the carbon footprint of its 90 vessel fleet, and has turned to the technology company Wärtsilä for collaboration. 'The aim is to achieve a 50 percent reduction in CO2 emissions by 2030…

Interest in CCS Picking Up: Aker Carbon Capture, Northern Lights JV Partner Up

Feb 17, 2022

Aker Carbon Capture has signed a deal with Northern Lights JV to collaborate on the realization of Carbon Capture and Storage (CCS) projects in Norway and across Europe.'Together, the two companies represent a full value chain offering from carbon capture through transport and storage…

Japan's Inpex to Spend Up to $38B in Growth Areas Over 9 years

Feb 09, 2022

Japan's biggest oil and gas explorer Inpex Corp said on Wednesday it will invest up to 4.4 trillion yen ($38 billion) in growth areas over the next 9 years, 1 trillion of which will be spent on decarbonization areas including hydrogen and ammonia…

Petronas, MOL Sign Liquefied CO2 Shipping MoU

Feb 09, 2022

Malaysia's state energy firm Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui O.S.K Lines (MOL) to explore opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania regions…

Schlumberger Secures Work at Northern Lights Carbon Capture Project

Jan 28, 2022

Oilfield services giant Schlumberger will deploy its DELFI cognitive E&P environment on the Norwegian carbon capture and storage project Northern Lights.The Northern Lights project is operated by the namesake joint venture, owned by Equinor…

EU Approves Funding for Northern Lights CCS Project Expansion

Jan 27, 2022

Norwegian carbon capture and storage project Northern Lights is set to receive four million euros from the EU under the Connecting Europe Facility (CEF) funding scheme.The Northern Lights joint venture, owned by Equinor, TotalEnergies, and Shell…

Wind-powered Offshore Charging Station Completes Sea Trials in Cromarty Firth

Jan 27, 2022

Oasis Marine Power said Thursday it had completed the first stage of testing of its offshore charging station.The Oasis Power Buoy is an offshore mooring and charging station with a zero-emission power source fed from wind turbines. 'Initially…

Australia: Santos Bullish on Prices after Reaping Record Revenue

Jan 21, 2022

Australian gas producer Santos Ltd booked record sales revenue for 2021, pumped up by soaring oil and gas prices, and expects to reap big gains following its $6.2 billion takeover of Oil Search amid a surging energy market.After approaching Oil Search with an offer in the middle of last year…

Exxon Pledges Net-zero Carbon Emissions from Operations by 2050

Jan 18, 2022

Exxon Mobil Corp on Tuesday pledged to cut to zero its net carbon emissions from its global operations by 2050, catching up with rivals who are minimizing their carbon footprints.Exxon's 2050 plan, first mulled last year, covers emissions from its oil…

Transocean's Offshore Drilling Rig to Drill Carbon Injection Well in Norway

Jan 18, 2022

Offshore oil and gas drilling firm Transocean said Tuesday that one of its drilling rigs would later this year be used for a not-so-typical project for an offshore oil rig.Namely, the Norwegian oil firm Equinor plans to use the Transocean Enabler…

NYK, Knutsen Form Liquefied CO2 Transportation and Storage JV

Jan 18, 2022

Japan's NYK and Norway's Knutsen Group have formed a joint venture company for the commercial development of a liquefied CO2 marine transportation and storage business using the Knutsen developed technology PCO2 which allows transport of liquified CO2 at ambient temperatures…

BP Taps PGS for CCS 3D Seismic Survey

Jan 18, 2022

Norwegian offshore seismic data acquisition firm PGS has secured a Carbon Capture and Storage (“CCS”) 3D seismic acquisition contract with BP in the UK.PGS will carry out the survey over the Endurance reservoir, located about 145 kilometers…

COVID Accelerates Offshore Energy’s Digital Path

Jan 14, 2022

With an annual R&D budget in excess of a billion Euros, Siemens Energy is well-positioned to drive substantial digital evolution in the offshore energy space. From unmanned offshore rigs to optimized maintenance to decarbonization, digitalization sits at the center…

Current News

Aqua Helix Gets Two-year Contract Offshore Brazil

Aqua Helix Gets Two-year Contract Offshore Brazil

Portugal's First Offshore Wind Auction Set for 3Q as German, Nordic Firms Show Interest

Portugal's First Offshore Wind Auction Set for 3Q as German, Nordic Firms Show Interest

Canada's CNLOPB Licenses Equinor's Significant Offshore Oil Discovery

Canada's CNLOPB Licenses Equinor's Significant Offshore Oil Discovery

Veritas Capital Completes Wood Mackenzie Buy

Veritas Capital Completes Wood Mackenzie Buy

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