"CCUS" News

Digitalization is Drawing CCS a New Learning Curve

Feb 27, 2024

Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history.Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood…

SLB to Acquire Majority Ownership in Aker Carbon Capture

Mar 27, 2024

SLB has agreed to combine its carbon capture business with Aker Carbon Capture (ACC).The combination will leverage ACC’s commercial carbon capture product offering and SLB’s new technology developments and industrialization capability. SLB says…

Chevron and JX to Jointly Develop CCS Value Chain in Asia Pacific

Mar 19, 2024

JX Nippon Oil & Gas Exploration and Chevron New Energies, a division of U.S.-based Chevron, have signed a memorandum of understanding (MoU) that provides a framework to evaluate the export of carbon dioxide (CO₂) from Japan to carbon capture…

BP Picks Delivery Partners for NZT Teesside Power and CCS Project

Mar 15, 2024

Technip Energies, a leader of a consortium with GE Vernova and Balfour Beatty, has received a Letter of Intent from BP, on behalf of NZT Power Limited, for the execution phase of the Net Zero Teesside Power (NZT Power) project in the United Kingdom…

Esgian Week 13 Report: Demand Shifts

Apr 01, 2024

Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand…

CGG and C-Questra Form CCUS Pact

Jan 09, 2024

France-based CGG and Dutch CO2 storage specialist C-Questra have signed a commercial cooperation agreement for carbon capture, utilization, and sequestration (CCUS) projects.CGG has more than 15 years of experience supporting a number of high-profile CCUS projects worldwide…

CGG Releases New Southeast Asia CCS Study

Feb 20, 2024

French marine seismic firm CGG has released a Southeast Asia Carbon Storage Study to support and accelerate the screening process for all players in the region’s fast-growing CCUS market.The study ranks and prioritizes opportunities at large scale across 58 basins in Indonesia…

CCUS: Bernhard Schulte Orders Its First CO2 Tanker

Dec 14, 2023

Bernhard Schulte ordered its first CO2 tanker, a newbuild to be constructed at Dalian Shipbuilding Offshore (DSOC) and to showcase technologies designed to reduce its carbon footprint. Planned for delivery in 2026, the ship is committed to a long-term time charter agreement with Northern Lights…

Dutch CO₂ Storage Project L10CCS Reaches FEED Phase

Dec 13, 2023

L10CCS, one of the large stores to be connected to the Aramis CO₂ transport and storage initiative in the Dutch part of the North Sea, has entered the next phase in the project, Front End Engineering Design (FEED).Neptune Energy and its partners EBN…

Carbon Capture Chasm Exposed at Climate Summit

Dec 07, 2023

Carbon capture and storage has emerged as flashpoint at the UN climate conference in Dubai about how big a role it is destined to play in reaching the target of net zero emissions.It has also prompted an unusual and bad-tempered confrontation…

Nordic Countries Agree on Joint CCUS Initiatives

Nov 27, 2023

Denmark, France, Germany, Sweden and the Netherlands have signed the Aalborg Declaration that aims at joint European cooperation on CO2 capture, use and storage (CCUS).CO2 capture, use and storage must be scaled up, both nationally and at European level…

UK Offshore Wind and CCS Colocation Projects Underway

Nov 27, 2023

The UK Offshore Wind and Carbon Capture and Storage (CCS) Colocation Forum, set up to provide strategic coordination of colocation research and activity on the nation’s seabed, has commissioned two research projects. The projects are designed…

To Meet 2050 CCUS Demand, 100 North Sea Storage Sites Needed, Xodus Says

Nov 24, 2023

The volume of CO2 being injected into the North Sea by 2050 will be equivalent to the natural gas currently being extracted from the basin, according to a new report from global energy consultancy Xodus.That scale of carbon capture, utilization and storage (CCUS) will require some 100 reservoirs…

Carbon Capture and Storage Hopes are Pipe Dreams, for Now - Russell

Nov 23, 2023

Carbon capture and underground storage (CCUS) is touted by proponents of fossil fuel production and consumption as the technology that will keep oil and gas in the global energy mix. It is, and at the same time, it isn't.The International Energy…

Burrows Tapped to Lead DNV CCUS Unit

Dec 05, 2023

DNV appointed Jamie Burrows to head its Energy Systems business area’s Carbon Capture, Utilization, and Storage (CCUS) unit. The appointment comes as a response to growing demand from these fossil fuels-reliant industries to reduce their CO2 emissions…

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