Decarbonization News

 

Baker Hughes, Horisont Energi Working on Barents Sea Carbon Capture Project

Mar 23, 2021

Oilfield services giant Baker Hughes and the Norwegian 'carbontech' start-up, Horisont Energi have signed an agreement to jointly explore development and integration of technologies for the Polaris carbon storage project in the Barents Sea, offshore Norway…

Equinor Sees Drop in Emissions in 2020

Mar 19, 2021

Norwegian oil and gas company Equinor, which is working to become a broader energy company, with increasing investments in renewable energy, said Friday its greenhouse emissions in 2020 had dropped compared to 2019.'In 2020, Equinor’s (scope 1 & 2) greenhouse gas emissions were 1…

BP Working on 1GW Blue Hydrogen Production Plant in Teesside

Mar 18, 2021

Oil major BP said Thursday it was working to develop the UK’s largest blue hydrogen production facility, targeting 1GW of hydrogen production by 2030. The proposed development, H2Teesside, would capture and send for storage up to two million tonnes of carbon dioxide (CO₂) per year…

Ørsted, Aker Carbon Capture, Microsoft in Carbon Capture Collab

Mar 10, 2021

Norway's Aker Carbon Capture, Danish offshore wind giant Ørsted, and global technology behemoth Microsoft are teaming up in a project to capture emissions from biomass power plants and possibly storing them under the seabed offshore Norway.The…

CERAWEEK: Energy Firms, Gov'ts Bet on Hydrogen Boom. Payday Far Away

Mar 03, 2021

Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain.'Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy…

Greenhouse Gas Emissions: Investor Coalition CURE Pushes Exxon to Do More

Mar 03, 2021

A coalition of investors that oversees $2.5 trillion in assets urged ExxonMobil on Wednesday to take bolder action to slash greenhouse gas emissions and make key governance changes.The Coalition for a Responsible Exxon (CURE), which has 145 members…

Mitsui Invests in UK Carbon Capture and Storage Project

Mar 03, 2021

Japanese trading house Mitsui & Co Ltd said on Wednesday it would invest in the development of a carbon capture and storage (CCS) project in Britain.The Japanese company will take a 15.4% share in Storegga Geotechnologies which is developing…

Denmark Might Not Reach Its 2030 Emissions Reduction Goal as It 'Relies on Unproven Tech'

Feb 26, 2021

Denmark risks not reaching its goal to cut carbon emissions by 70% by 2030 because it is too reliant on unproven technology, an independent council monitoring the effort said on Friday.The Nordic country in 2020 set one of the most ambitious…

Oxy CEO: Low-carbon Business Earnings Could Match Oil

Feb 24, 2021

Occidental Petroleum Corp expects its low-carbon business to generate earnings equal to its oil and gas production business in the coming decades, Chief Executive Vicki Hollub told analysts on Tuesday.Occidental has been an early mover among U…

Portugal's EDP Launches Green Hydrogen Unit

Feb 22, 2021

Portugal's main utility EDP announced on Friday it was setting up a new business unit to develop green hydrogen projects, primarily in Europe and the United States.So-called green hydrogen, produced using renewable electricity, is seen as a…

Not an Aspiration, But a Target: Eni Says Will Become Carbon Neutral by 2050

Feb 19, 2021

Italian energy group Eni on Friday raised its ambition to cut greenhouse gas emissions, vowing to become net carbon neutral by 2050, as it seeks to keep up pace in an industry under pressure from investors to go green.Like its peers, Eni is…

Engie, Equinor in Low-carbon Hydrogen Push

Feb 18, 2021

French energy firm Engie, and Norway-based Equinor said Thursday they were teaming up in development in 'low-carbon hydrogen activities.' The partners will investigate the production and market potential for hydrogen from natural gas whereby the CO2 will be captured and stored permanently offshore…

In a First, BP Offers Employees Shares in Rallying Cry for Low-carbon Shift

Feb 17, 2021

Oil major BP is launching its first share award scheme to rally its more than 60,000 employees around CEO Bernard Looney’s plan to shift to renewable energy following a bruising year of mass layoffs, bonus suspensions, and spending cuts.The distribution of the shares…

AGR, Gassnova Pen Deal to Advance CCS Solutions

Feb 16, 2021

AGR, Norway-based well engineering, drilling project management, and reservoir management firm, has signed an agreement to provide advisory services to Gassnova, in the area of carbon capture and storage.The Norwegian state-owned Gassnova acts…

GEG to Power Port of Nigg Facilities with Green Hydrogen

Feb 12, 2021

In an eventful week in which its Port of Nigg was selected as a turbine foundation marshaling port for the giant Seagreen offshore wind farm, UK-based Global Energy Group said Thursday it had struck a deal to power its Port of Nigg facilities using green hydrogen…

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