Decarbonization News

 

Chevron to Buy Into U.S. Gulf of Mexico Carbon Capture & Storage Joint Venture

May 03, 2022

U.S. oil companies Chevron and Talos and carbon capture & storage project development & finance company Carbonvert have signed a memorandum of understanding (“MOU”) for an expanded joint venture to develop the Bayou Bend CCS offshore carbon…

Hyundai Heavy Gets ABS Approval for CO2 Injection Platform

May 03, 2022

American Bureau of Shipping has granted its Approval in Principle (AIP) for the carbon dioxide injection platform developed by Hyundai Heavy Industries.The platform has been designed to store carbon dioxide that has been captured on land, liquefied at high pressure…

Svanehøj Pumps for Northern Lights CO2 Carriers

May 03, 2022

The Danish marine pumps specialist Svanehøj will supply pump systems for two CO2 carriers that will transport liquid CO2 to the Northern Lights storage facilities in Norway.Northern Lights, the JV owned by Equinior, Shell, and TotalEnergies…

McDermott Joins NSTA-led Bacton Energy Hub Project

Apr 26, 2022

McDermott International has said it has joined a group of industry experts focused on unlocking the potential for a hydrogen-led energy hub located at Bacton, Norfolk, UK. The UK North Sea Transition Authority (NSTA), previously known as the Oil and Gas Authority…

CCB Energy, Northern Lights to Develop CO2 Value Chain in Norway's Øygarden

Apr 22, 2022

Norwegian company CCB Energy which is working to build a green industrial park at the Energy Park in Øygarden municipality, Norway, is partnering up with carbon capture and storage joint venture Northern Lights to develop a CO2 value chain for the local and regional industry in the area…

ExxonMobil Sees Carbon Capture Market at $4 Trillion by 2050

Apr 20, 2022

ExxonMobil Corp. estimates there will be a $4 trillion market by 2050 for capturing carbon dioxide and storing it underground, the company said in a presentation on Tuesday.That is about 60% of the $6.5 trillion market the U.S. largest crude producer estimates for oil and gas by then…

Eni Taps Seismic Firm Shearwater for CO2 Storage Survey Offshore UK

Apr 19, 2022

Shearwater GeoServices has said it has won a 3D geophysical survey with Eni with an option for a second survey, for a carbon storage project in Liverpool Bay, England.“We are delighted to conduct this survey work for Eni, advancing UK carbon storage by deploying towed streamer…

Flowserve's Control Valves for Norwegian CCS Project

Apr 15, 2022

Flowserve Corporation has won a contract to provide control valves for a portion of Norway’s first cross-border and open-source carbon capture and storage facility. 'With an estimated 2024 completion, this facility will be the first of its kind…

TotalEnergies Shareholders Deposit New Climate Resolution for AGM - document

Apr 15, 2022

A group of minority shareholders in TotalEnergies TTEF.PA will present to the shareholders meeting a resolution asking the oil and gas major to detail its efforts to reduce greenhouse gas emissions, a copy of the resolution showed.The group consists of 12 French shareholders representing 0…

ExxonMobil Working to Store CO2 in Depleted Offshore Fields in Australia's Gippsland Basin

Apr 14, 2022

U.S. oil major said ExxonMobil said Thursday today was undertaking early front-end engineering design studies (pre-FEED) to determine the potential for carbon capture and storage to reduce greenhouse gas emissions from multiple industries in the Gippsland Basin…

SNC-Lavalin to Assist with Shore-power Connection for ADNOC's Offshore Platforms

Apr 14, 2022

File Photo: ADNOCSNC-Lavalin has won a four-year advisory and engineering services contract from Abu Dhabi National Oil Company (ADNOC) to support its offshore operations power project. A high-voltage, direct current (HVDC-VSC) subsea transmission…

Climate Activist Sees More Shareholders Pressing ConocoPhillips on Emissions

Apr 13, 2022

An activist shareholder who last year convinced a majority of ConocoPhillips investors to approve a measure calling for emission cuts said the oil major did not fully follow through and said he expects to win even more support this year for a similar proposal…

Shell and Uniper to Develop Blue Hydrogen Plant in UK. CO2 to be Stored Under North Sea Seabed

Apr 12, 2022

Shell and Uniper have signed a collaboration deal to progress plans for the production of low-carbon blue hydrogen at Uniper’s Killingholme power station site in North Lincolnshire, UK, that could be used to decarbonize industry, transport and power in the region…

Boskalis to Install Power Packs on Offshore Energy Branch Vessels

Apr 11, 2022

Dutch marine and offshore energy services firm Boskalis said Monday it would convert vessels within its Offshore Energy division into hybrid vessels through the retrofitting of Energy Storage Systems, or ‘power packs’. 'The conversions, which entail a sizable capital investment…

Norway Opens New CO2 Storage Area for Bids

Apr 08, 2022

Norway on Friday announced a new area for CO2 storage in the North Sea, due to growing interest from the industry.'Several companies expressed interest for licenses under the carbon storage regulations, and new store locations are vital. Carbon…

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