Decarbonization News

 

Baker Hughes Signs Deal with Shell for Renewable Energy Credits

Nov 10, 2021

Oil major Royal Dutch Shell's clean energy unit will provide renewable energy credits (REC) to oilfield firm Baker Hughes' facilities in United States for a two-year period, the companies said on Wednesday. The move comes as climate activists…

Seismic Firm CGG Licenses Data for Offshore CO2 Storage Projects

Nov 10, 2021

Seismic data company CGG has licensed its Northern Viking Graben multi-client seismic data set in the Northern North Sea to Northern Lights JV DA, for use in its ongoing and future CO2 storage developments. Northern Lights JV DA, owned equally by Equinor…

North Sea Oil and Gas Trade Bodies Sign Pact to Cut Emissions

Nov 10, 2021

Oil and gas industry trade bodies OGUK,  Norwegian Oil and Gas Association, BVEG, NOGEPA, and Oil Gas Denmark representing five countries across Europe 'pioneering lower-carbon oil and gas in the North Sea' have signed a formal agreement to…

Woodmac: Will Platform Electrification Decarbonize the North Sea?

Nov 09, 2021

As governments and investors alike push for greater and faster decarbonization, upstream operators are under increasing pressure to act. Divesting out of fossil fuels is an option, but one that runs the risk of only passing the ‘dirty’ assets to another player…

More Net than Zero: Do Carbon-cutting Promises Add Up for the Climate?

Nov 09, 2021

The growing avalanche of governments and companies committing to cut their climate-changing carbon pollution to net zero now covers 88% of global emissions, according to a tracker run by leading climate analysis groups.But those pledges do not…

"Clock ticking" to Achieve Energy Transition - Equinor

Nov 09, 2021

A senior executive for Norwegian oil company Equinor said on Tuesday that the 'the clock is ticking' to achieve an energy transition away from hydrocarbons.'If we don't take action, we'll end up losing out,' Equinor's Senior Vice President for…

Petronas, Exxon to Explore CCS Opportunities in Malaysia

Nov 09, 2021

Malaysia's state energy firm, Petroliam Nasional Berhad (Petronas), said on Tuesday it has partnered with a Malaysian unit of Exxon Mobil Corp to jointly explore opportunities in carbon capture and storage (CCS) technologies in a bid to decarbonize the country's upstream industry…

McDermott, Shell in MoU to Decarbonize Construction

Nov 03, 2021

Offshore installation and construction company McDermott has signed a memorandum of understanding with Shell Eastern Petroleum Pte Ltd (Shell), a subsidiary of Shell, to collaborate on decarbonizing construction. 'The agreement enables McDermott and Shell to explore opportunities for reducing…

Pertamina, ExxonMobil Exploring Carbon Capture Storage in Indonesia

Nov 02, 2021

Indonesian state-owned oil and gas company PT Pertamina and American energy giant Exxon Mobil Corp signed an agreement on Tuesday to look at ways to use carbon capture storage (CCS) in the Southeast Asian country.A memorandum of understanding…

Shell Sets Tougher Climate Targets, Q3 Income Below Expectations

Oct 28, 2021

Royal Dutch Shell set itself tougher emissions-cutting targets on Thursday, even as it reported a lower-than-expected third-quarter profit of $4.13 billion.The oil major said it would cut absolute emissions from its operations and the electricity it uses…

ASCO to Provide Logistics Services for Horisont Energi's Barents Blue Project

Oct 27, 2021

Horisont Energi, a Norwegian company developing a blue ammonia project in Norway that involves offshore carbon storage, has signed a four-year framework deal with logistics and supply company ASCO Norge, with an option to extend it.Horisont…

UK: 29 Bids Filed for $1,37M Offshore Platform Electrification Competition

Oct 26, 2021

The UK Oil and Gas Authority has said that a total of 29 bids have been submitted for the £1 million ($1,37 million) competition for ideas that could advance the electrification of offshore platforms on the UKCS. Winners to be awarded a share of the fund will be announced in early December…

Exmar, Lattice Working on 40,500 m3 CO2 Carrier

Oct 22, 2021

Exmar, a company owning gas carriers and FSRU units, has partnered up with Lattice Technology to develop a new type of CO2 carrier.'With the global need to decarbonize the atmosphere and our world economy heavily relying on a secure energy supply…

Santos Could Store CO2 from Barossa Field in Depleted Bayu Undan Reservoir

Oct 22, 2021

East Timor wants to press ahead with plans for a carbon capture and storage (CCS) project in a depleted oil and gas field off its coast as it races to fill a multi-billion dollar revenue hole starting in late 2023 when the field dries up.The…

How to Decarbonize the Upstream Industry

Oct 21, 2021

As the energy transition accelerates, upstream companies are under pressure to decarbonize, and this is likely to intensify. Wood Mackenzie's Jessica Brewer discusses opportunities and challenges.

Current News

NJ Seeks New Wind Institute for Offshore Wind Research

NJ Seeks New Wind Institute for Offshore Wind Research

Chevron Shares Hit Record High Ahead of Q4 Results

Chevron Shares Hit Record High Ahead of Q4 Results

Subsea 7 Scores 'Substantial' Contract at Shenandoah Field in U.S. Gulf

Subsea 7 Scores 'Substantial' Contract at Shenandoah Field in U.S. Gulf

Oil Reaches $90 a Barrel for the First Time Since 2014

Oil Reaches $90 a Barrel for the First Time Since 2014

Subscribe for OE Digital E‑News

Offshore Engineer Magazine