Decarbonization News


RWE, CapeOmega, Neptune Energy to Explore Shipping CO2 to Offshore Storage

Feb 22, 2023

CapeOmega and Neptune Energy on Wednesday announced NoordKaap, a project concept for a cross-border CO₂ storage solution for industrial emitters across Europe.  According to Neptune Energy, NoordKaap would involve transporting CO2 via vessels…

Horisont Energi, Neptune Energy, and E.ON Sign MoU for European CCS Value Chain

Feb 20, 2023

The Norwegian low-carbon tech firm Horisont Energi, working to develop CCS project offshore Norway, and the oil and gas company Neptune Energy have signed a memorandum of understanding (MoU) with the energy major E.ON with the aim of developing a European CCS value chain…

Energean and Shell Collaborate on Offshore CCS Study in Egypt

Feb 16, 2023

Oil and gas companies Energean and Shell have signed a memorandum of understanding to explore a decarbonization solution in Egypt involving Shell's LNG plant and Energean's offshore CO2 storage. The proposed partnership is addressing a major CCS feasibility challenge…

Offshore Oil Hot-spot Guyana Sees Potential for Lucrative Carbon-offset Business

Feb 15, 2023

Guyana, which has jumped into the forefront of offshore oil exploration, is using its inland forests to tap carbon markets, in a business the government sees as more profitable than using the acreage for mining or agriculture, Vice President Bharrat Jagdeo said on Wednesday…

Power from Shore: Aker Solutions to Electrify OKEA's Draugen Platform

Feb 07, 2023

Norwegian offshore engineering and construction company Aker Solutions has signed a firm contract with oil firm OKEA for the electrification of OKEA's Draugen platform in the Norwegian Sea, offshore Norway.The Draugen oil field sits in about 250 meters of water…

Denmark Awards First North Sea CCS Licenses

Feb 06, 2023

Denmark has awarded its first licenses to capture and store carbon in the North Sea to Wintershall Dea, INEOS Energy and TotalEnergies, the country's climate and energy ministry said on Monday. Denmark has set a target of reaching net zero carbon…

Echandia to Supply Energy Storage System for Jack-up Rig in Middle East

Feb 03, 2023

Swedish company Echandia said on Friday that it had received an initial order for battery systems that will help a jack-up drilling rig in the Middle East reduce emissions and use energy more efficiently.According to the company, hybridization…

Petronas and ExxonMobil to Pursue CCS Projects in Malaysia

Jan 27, 2023

Malaysian oil and gas company Petronas said Friday it had recently signed two agreements with U.S. major ExxonMobil to jointly pursue Carbon Capture and Storage (CCS) projects in Malaysia.Petronas and ExxonMobil have committed to defining the next steps…

Noble Corp. Jack-up Rig Sets Off for Danish North Sea Field for Carbon Storage Pilot

Jan 20, 2023

The Noble Resolve, a jack-up rig owned by Noble Corporation, has departed the Danish port of Esbjerg and is headed for the Nini West Field in the Danish North Sea. Even though the rig is typically employed in offshore oil and gas drilling, this particular job will be different…

Samsung Heavy, MISC to Build Floating CO2 Storage Units

Jan 19, 2023

South Korea's Samsung Heavy Industries said Wednesday it had signed a memorandum of understanding with Malaysia's MISC to jointly develop floating CO2 storage units.The Floating CO2 Storage Unit (FCSU) is a new concept of offshore unit that…

Wintershall Dea Urges Germany to Clear CO2 Exports for Storage

Jan 16, 2023

German oil and gas producer Wintershall Dea  urged Berlin on Monday to clear exports of carbon dioxide to European neighbors that would be buried in so-called carbon capture and storage facilities (CCS).Germany, following a bilateral Danish and Belgian agreement…

UAE Names ADNOC Chief Jaber as COP28 Climate Conference President

Jan 12, 2023

The United Arab Emirates said on Thursday that Sultan al-Jaber, the head of state oil giant ADNOC, would act as president of the COP28 climate conference it is hosting this year. Jaber, also UAE's minister of industry and technology and its climate envoy…

Norway Opens North Sea Area for CO2 Storage Applications

Jan 11, 2023

Norway on Wednesday announced an area in the North Sea for applications related to the injection and storage of CO2 on the Norwegian continental shelf.Minister of Petroleum and Energy Terje Aasland said there was a great interest from companies…

Ocyan, LZ Energia Hire DNV to Assist with Hydrogen Conversion of Diesel Drilling Rigs

Jan 10, 2023

The Brazilian offshore drilling company Ocyan has engaged DNV as an independent third party in the qualification process of a system injecting hydrogen as an additive in the internal combustion engines of drilling rigs, in order to reduce diesel…

ADNOC Earmarks $15B for Decarbonization Push

Jan 05, 2023

The Abu Dhabi National Oil Company (ADNOC) said Thursday it had allocated $15 billion (AED55 billion) to advance an array of decarbonization projects across its diversified value chain by 2030. These projects will include investments in clean power…

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