Decarbonization News

 

Talos Energy Names Director to Lead Low Carbon Business

Dec 16, 2021

U.S. oil company Talos Energy has appointed Robin Fielder as the Company's first Executive Vice President Low Carbon Strategy and Chief Sustainability Officer. Under the newly created executive leadership role,  Fielder will serve as the lead…

Five Firms Seek to Develop CO2 Storage off Norway

Dec 15, 2021

Five companies have applied to build carbon dioxide (CO2) storage on the Norwegian continental shelf, the country's oil and energy ministry said on Wednesday.The ministry proposed in September two offshore areas, one in the North Sea and one in the Arctic Barents Sea…

UK: BP Awards FEED Contracts for Teesside Power, Carbon Capture and Compression Project

Dec 15, 2021

BP – the operator of Net Zero Teesside Power (NZT Power) and the Northern Endurance Partnership (NEP) – has awarded contracts as part of its dual Front End Engineering Design (FEED) competition to two separate consortiums of engineering, carbon capture licensors…

Horisont Energi, Equinor, Vår Energi in Polaris Carbon Storage Pact

Dec 10, 2021

Norwegian low-carbon tech firm Horisont Energi has entered a collaboration agreement with oil firms Equinor ASA and Vår Energi to develop the carbon transportation and storage project Polaris, off the coast of Northern Norway. As part of the agreement…

Danish Gov't Backs Carbon Capture and Storage Project Greensand

Dec 09, 2021

The Danish Energy Agency will award 197 million DKK (€26 million) to the INEOS-led consortium backing Project Greensand for carbon capture and storage in the North Sea.The project entails transporting CO2 by ship to the Nini West reservoir off…

ADNOC Taps Technip Energies to Optimize Ghasha Project Costs, Add Carbon Capture

Dec 08, 2021

Abu Dhabi National Oil Company (ADNOC) has awarded Technip Energies a contract to update the Front-End Engineering Design (FEED) for the Ghasha mega project including accelerating the integration of carbon capture into the development.This project…

Woodside to invest $5B in New Energy by 2030

Dec 08, 2021

Australia's Woodside Petroleum Ltd plans to invest $5 billion by 2030 mainly in hydrogen, in line with a global push for cleaner energy, armed with cash flow from its planned merger with BHP Group's petroleum arm.Woodside Chief Executive Meg O'Neill outlined her energy transition plan on Wednesday…

Global Oil CEOs Stress Need for Oil and Gas Despite Clean Energy Push

Dec 07, 2021

A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come.The World Petroleum Conference's…

Nippon Foundation, DeepStar Launch Joint Decarbonization R&D Program

Dec 06, 2021

The Nippon Foundation signed a Memorandum of Understanding (MoU) with the offshore technology development consortium DeepStar to establish a joint research and development program focused on decarbonization in offshore oil and gas, with a focus on renewable energy and the environment…

OGA Picks Winners of Offshore Platform Electrification Contest

Dec 06, 2021

The UK Oil and Gas Authority on Monday said three winners would share a £1 million (~$1,32 million) prize for ideas that could help cut greenhouse gas emissions by moving forward the drive to electrify platforms in the North Sea.The decarbonization…

UK North Sea: Shell Scraps Plans to Develop Cambo Oil Field

Dec 03, 2021

Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oil field in the British North Sea, which became a lightning rod for climate activists seeking to halt the development of new oil and gas resources.Following 'comprehensive screening' of the Cambo field…

McDermott Wraps Net Zero LNG Construction Study for Shell

Nov 29, 2021

Offshore engineering and construction company McDermott said Monday it had completed a liquefied natural gas (LNG) construction study  for Shell, 'identifying tangible reduction pathways toward net-zero construction emissions.'The results of…

Equinor, Partners to Invest $1.1 B in Further Development of Oseberg Field

Nov 26, 2021

Norwegian oil and gas company Equinor has with its partners, submitted an amended plan for development and operation (PDO)  to the minister of petroleum and energy Marte Mjøs Persen for the further development of the Oseberg field, with an increased focus on gas production…

Company Valuations and Climate Strategies are Poles Apart

Nov 25, 2021

Companies in the most polluting sectors that have invested in climate action often find themselves valued below peers that have been slower to do so, highlighting the difficulty of getting shareholders to back sustainability.Investors have poured more than $30 trillion into environmental…

Norway: Aibel Bags $560M Worth of Contracts with Equinor, Partners

Nov 23, 2021

Norwegian oil and gas company Equinor has, on behalf of the license partners in Krafla, Gina Krog, Asterix fields, and Gassco at Kårstø, signed contracts with engineering and construction firm Aibel worth around five billion Norwegian crowns (nearly $560 million)…

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