Decarbonization News

 

German Firm Farms Into UK Offshore Carbon Storage License

Nov 14, 2023

Carbon Catalyst Limited (CCL) said Tuesday it had completed the farmout of a 10% stake in the Poseidon carbon storage license located in the Southern North Sea sector of the UK Continental Shelf, to Wintershall DEA.As part of the deal, German…

Power Transferred Successfully to Crew Transfer Vessel Using Oasis Power Buoy

Nov 07, 2023

Oasis Marine, a company specializing in marine charging solutions, said Tuesday it had successfully transferred power through the Oasis Power Buoy to a Crew Transfer Vessel.  'This pioneering achievement paves the way for hybrid and fully electric vessels in offshore wind farms…

Two Massive Floating Wind Farms Planned to Power North Sea Oil Platforms

Nov 02, 2023

Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have signed exclusivity agreements for two floating offshore wind developments with up to a total of 1.9 gigawatt (GW) capacity under Crown Estate Scotland’s…

DNV Grants Stamp of Approval to SBM Offshore and Mitsubishi Heavy Industries' Carbon Capture Solution for FPSOs

Oct 31, 2023

Classification society DNV has issued a statement of qualified technology to SBM Offshore for its carbon capture plant or CO2 capture solution for FPSOs developed in partnership with Mitsubishi Heavy Industries. The statement verifies that the…

MAN Energy Solutions to Provide Tech for Dutch Large-scale CCS Project

Oct 26, 2023

MAN Energy Solutions has won the contract for the delivery of three integrally-geared compressor trains (IGC) for Porthos, the first large-scale carbon capture and storage (CCS) project in the Netherlands. The Port of Rotterdam Authority, Energie Beheer Nederland B…

Allseas Wins Contract for Construction of Key Subsea Pipeline for Porthos CCS Project

Oct 24, 2023

Offshore installation contractor Allseas has won a contract to construct a subsea pipeline for the recently sanctioned Porthos carbon capture and storage (CCS) project in the Port of Rotterdam.Porthos, a partnership between EBN, Gasunie, and the Port of Rotterdam Authority…

DNV: “The Pace of the Transition is Far from Fast Enough”

Oct 11, 2023

DNV has released the 7th edition of its Energy Transition Outlook highlighting that global energy-related emissions are still climbing and are only likely to peak in 2024. “The pace of the transition is far from fast enough for a net-zero energy system by 2050…

Europe Can Slice CO2 Emissions 70% by 2050, Says Equinor Executive

Oct 05, 2023

The chief economist of oil major Equinor said on Wednesday that Europe could reduce carbon dioxide emissions by 70% by 2050, but said oil and gas investments must continue in ordre to keep pace with growth in demand. The CO2 cuts will mainly be due to the region's growth in electrification…

Four Firms Apply for CO2 Storage Acreage Offshore Norway

Sep 29, 2023

The Norwegian Petroleum Directorate said Friday it had received applications from four companies with proposed acreage for storing CO2 in the North Sea, offshore Norway.While the applications came from four companies, NPD said it had received two applications…

Petronas, MISC, MOL Looking to Create LCO2 Carrier Joint Venture

Sep 22, 2023

Petronas CCS Ventures, a subsidiary of the Malaysian oil and gas giant Petronas has signed a term sheet with Mitsui O.S.K Lines, Ltd. (MOL) and MISC Berhad for the potential incorporation of a joint venture entity to invest in developing and…

Italy's Eni Wins Second UK Offshore Carbon Storage Licence

Sep 15, 2023

Italian energy group Eni has won a second carbon dioxide storage licence in Britain, the company said on Friday. The new licence is for the depleted Hewett gas field located 20 kilometers (12.4 miles) offshore Bacton, in the southern North Sea sector of Britain…

Norway Wealth Fund Tells Companies to Plan for Climate Transition

Sep 15, 2023

Norway's $1.4 trillion sovereign wealth fund, the world's largest, revealed stricter demands on Friday for how companies it invests in should handle climate risk, telling boards to move from target setting to transition planning.The fund, which…

World Needs $2.7 Trillion Annually for Net Zero Emissions by 2050-Wood Mackenzie

Sep 15, 2023

Global investment of $2.7 trillion a year is needed to achieve net zero emissions by 2050 and avoid temperatures from rising above 1.5 degrees Celsius this century, a report by consultancy Wood Mackenzie said on Thursday. Scientists have said…

SBM Offshore and Mitsubishi Join Forces for Offshore CO2 Capture on FPSOs

Sep 15, 2023

Dutch FPSO leasing specialist SBM Offshore and Japanese industrial group Mitsubishi Heavy Industries Ltd. (MHI) have signed a partnership agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels…

ABS Joins Project to Develop 40K cbm LCO2 Carrier

Sep 12, 2023

Maritime classification society ABS has joined a pioneering joint industry project (JIP) to collaborate on the development of a detailed design of a 40K cbm liquified carbon dioxide (LCO2) carrier that meets Class and statutory requirements with Ecolog Services Ltd…

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