Decarbonization News

 

World's Largest Oilfield Services Firm Rebrands for a Lower-carbon Future

Oct 24, 2022

Schlumberger, the world's largest oilfield services provider, is rebranding itself with a new name, color scheme and logo that underscores its ambitions for a lower-carbon future, the company said on Monday. The nearly 100-year-old firm, originally named after its founding family…

PTTEP Taps Technip Energies for FEED at Lang Lebah Gas Plant with CO2 Capture

Oct 06, 2022

Thai oil company PTTEP has selcted Technip Energies to perform Front-End Engineering Design (FEED) of the Lang Lebah OnshoreGas Plant 2 (OGP2) project located in Bintulu, Sarawak, in Malaysia. The FEED contract covers the design of an onshore…

Two Firms Offered CO2 Storage Acreage Offshore Norway

Oct 05, 2022

The Norwegian Petroleum Directorate said that two companies were on Wednesday offered exploration permits for CO2 storage in an acreage in the Norwegian part of the North Sea.'An announcement regarding this acreage was made in April this year…

CBO Taps Wärtsilä for Offshore Vessel Fleet Decarbonization

Sep 29, 2022

Finland-based marine enginer maker and maritime technology provider Wärtsilä and Brazil-based offshore vessel owner Companhia Brasileira de Offshore (CBO) have signed an agreement for decarbonisation modelling. The objective is to support and…

The U.S. Oil Executive Making a Big Bet on Combating Climate Change

Sep 15, 2022

The chief executive of a small U.S. oil company has jumped to the forefront of the energy industry's greenhouse gas reduction efforts, recruiting high-profile firms to his vision of striking it big by selling access to carbon storage developments…

Deal Signed for First Offshore Floating CCS Hub Project in Asia Pacific

Sep 14, 2022

deepC Store, Mitsui O.S.K. Lines, (MOL) and Technip Energies have entered into a Letter of Intent that should lead to the construction of a Floating Storage & Injection (“FSI”) Hub facility for dCS’s CStore1 carbon capture and storage project offshore Australia…

Equinor, Wintershall Dea Eye Pipeline to Capture CO2 under North Sea

Aug 30, 2022

Equinor and Wintershall Dea will jointly develop carbon capture and storage projects, the oil firms said on Tuesday, with ideas to build a pipeline from Germany to Norway to transport and store carbon dioxide (CO2) under the North Sea.The firms…

Neptune Energy, Horisont Energi Team Up on Errai CCS Project in Norway

Aug 30, 2022

Oil and gas company Neptune Energy has signed a Memorandum of Understanding (MoU) with the Norwegian low-carbon tech firm Horisont Energi to develop the Errai Carbon Capture and Storage (CCS) project in Norway.According to Neptune Energy, Errai could store 4-8 million tonnes of CO2 annually…

ABS Launches 'First' Sustainability Guide for Offshore Industry

Aug 29, 2022

Maritime classification society The American Bureau of Shipping (ABS) on Monday launched detailed requirements for greener offshore operations in what it said was the first sustainability guide to target the offshore industry.'Developed by working with major offshore industry clients…

Carbon Capture & Storage: Santos Reaches FID on Darwin Pipeline Duplication Project

Aug 29, 2022

Australian oil and gas firm Santos, as operator of the Barossa joint venture, on Monday announced a final investment decision (FID) has been taken to proceed with the Darwin Pipeline Duplication Project, located offshore the Northern Territory…

How Industry is Depending on Carbon Capture Tech for Climate Goals

Aug 29, 2022

Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertiliser-maker Yara's Dutch operation from 2025 in what they say is a commercial breakthrough for the business.The joint venture founded by oil firms Equinor…

Northern Lights JV in Yara CO2 Subsea Storage Deal

Aug 29, 2022

Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertilizer maker Yara's Dutch operation from 2025 in what they say is a commercial breakthrough for the business.The joint venture…

Huisman Unveils 'Green' Offshore Drilling Rig Design

Aug 22, 2022

Dutch company Huisman, best know for its offshore crane solutions, on Monday revealed its design for a 'green' harsh environment semi-submersible drilling rig, which promises to reduce costs and emissions of offshore drilling operations.According to Huisman…

Port of Aberdeen: Offshore Renewable Charging Hub in the Works for Idle Vessels

Aug 18, 2022

Stillstrom, an offshore charging company recently launched by Maersk Supply Service, said Thursday it would collaborate with Port of Aberdeen on a project aimed at cutting emissions from vessels on standby outside the port.Stillstrom and Port…

Oil Industry Gears Up to Tap U.S. Climate Bill for Carbon Capture Projects

Aug 16, 2022

Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas proponents, offsetting startup costs for some of the anti-pollution initiatives.Carbon capture and storage hubs that take gases from chemical…

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