Decarbonization News


CNOOC's Floating Wind Turbine Starts Powering Offshore Oil Fields

May 22, 2023

China's CNOOC Limited said Monday that the Wenchang deep-sea floating wind demonstration project has been connected to the grid for power generation. The demonstration project is located near the Wenchang oilfields in the western part of the South China Sea…

Exxon Rebuts Proxy Advisor, Says Net Zero Emissions Scenario 'Unlikely'

May 19, 2023

Exxon Mobil Corp has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters. In a reply on Wednesday to proxy advisor Glass Lewis…

Spirit Energy Nets CO2 Storage License in East Irish Sea

May 19, 2023

UK-based oil and gas firm Spirit Energy is among the twelve companies that have this week been granted a carbon storage license by the UK North Sea Transition Authority (NSTA) in the East Irish Sea.'This represents a further step towards their…

EnQuest to Develop "Low-Cost Carbon Megastore" in North Sea

May 18, 2023

UK-based oil firm EnQuest confirmed Thursday it had secured the offer of carbon storage licenses as part of the first round of UK carbon sequestration licenses issued by the North Sea Transition Authority ('NSTA').The NSTA offered 20 licenses to 12 companies…

Australia Aims to Scale Up Offshore CCS

May 16, 2023

Australia plans to scale up its capability for offshore carbon capture and storage (CCS) and will shortly seek public feedback on a new round of greenhouse gas storage acreage, the country’s resources minister said on Tuesday.The country, one…

Ørsted to Store 430,000 Tonnes of CO2 Emissions Annually Under Seabed in Norway

May 15, 2023

Danish renewables firm Ørsted has signed a CO2 Transport and Services Agreement (TSA) with the Norwegian Northern Lights joint venture to store 430,000 tonnes of biogenic CO2 emissions per year from two power plants in Denmark.'This agreement…

PGS Signs Seismic Acquisition Deal for Carbon Storage Project in Norway

May 11, 2023

Norwegian offshore seismic survey firm PGS has entered into a seismic acquisition contract for carbon storage offshore Norway with an independent energy company. The project, with an unnamed client, is scheduled to start in September and has a duration of approximately one month…

Win Up to $1 Million: ADNOC Launches Global Competition to "Reshape Energy Landscape"

May 11, 2023

Abu Dhabi-based oil and gas giant ADNOC on Thursday launched a global competition to find innovations that will 'reshape the global energy landscape.'The Decarbonization Technology Challenge is being supported by Amazon Web Services (AWS), BP…

UK's 'Treasure Map' to Show Mammoth Potential of North Sea's Carbon Storage

May 09, 2023

The UK wants to become a 'world leader in carbon capture and storage,' and the government on Tuesday said it would facilitate the creation of a 'treasure map' which will quantify for investors how much carbon capture and storage could be possible under the country's seabed…

Innovative Seismic Monitoring Tech Developed for Danish North Sea CO2 Storage Project

May 09, 2023

Partners in Danish carbon capture and storage Project Greensand have developed technology for frequent seismic monitoring of CO2 stored in the Nini West field in the Danish North Sea.'Frequent seismic monitoring is essential for safe and permanent storage of CO2…

North Sea Renewables Grid Project to Provide Clean Power to Offshore Oil and Gas Platforms

May 04, 2023

Cerulean Winds plans to build an offshore integrated green power and transmission system, powered by floating wind, that North Sea oil and gas platforms will plug into for clean power, under the project called the North Sea Renewables Grid (NSRG)…

'Hydrogen Hubs' to the Fore

May 03, 2023

The path to decarbonization is defined by partnership and fueled by government funding. This month we examine the players, partnerships, and evolution of Hydrogen Hubs in the Gulf of Mexico.The Green Shipping Challenge, organized by the United States and Norway at COP 27 held in late 2022…

Framo's Submerged Turbine Generates Electricity from Waste Cooling Water on FPSOs

May 02, 2023

Malaysia-based FPSO supplier Yinson Production has ordered a submerged turbine solution from Framo, for regenerating energy from the waste cooling water flowing from offshore installations.Framo said Yinson was the first to opt for its technology…

Partnership Launched to Boost Efficiency and Lower Emissions from FPSOs

May 02, 2023

Oilfield services firm SLB, Rockwell Automation, Sensia, and Cognite on Monday announced a collaboration that they say will 'accelerate the evolution' of the offshore industry’s floating production storage and offloading (FPSO) facilities. According to a press statement issued by SLB…

Baltic Eagle Offshore Wind Farm to Power Carbon-neutral Steel Production

Apr 21, 2023

Spanish renewable energy firm Iberdrola has signed a long-term power supply deal with Salzgitter Group.Under the agreement, Iberdrola's Baltic Eagle offshore wind farm in the German Section of the Baltic Sea will deliver electricity for Salzgitter's project to produce carbon-neutral steel…

Current News

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

Global Underwater Hub Hosts Royal Visit from King Charles

Global Underwater Hub Hosts Royal Visit from King Charles

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

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