Despite unprecedented energy challenges, 68% of oil and gas industry leaders have expressed optimism for sector growth in the coming year, according to the most recent survey by DNV.The latest DNV survey, The Paradox of Petroleum - How the oil and gas sector is transforming through uncertainty…
The floating production storage and offloading (FPSO) unit Marechal Duque De Caxias has set off to Petrobras’ Mero field in the pre-salt Santos Basin, after arriving to Brazil from MISC Berhad shipyard in China.The Marechal Duque de Caxias can produce up to 180…
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…
Esgian provides an update on Saudi suspensions in its Week 20 Rig Analytics Market Roundup.Report SummaryContractsDrilling contractor Arabian Drilling confirmed that the suspension of three contracts for its jackups with Saudi Aramco have yet…
Eni has reached an agreement on the combination of substantially all of its upstream assets in the UK, excluding East Irish Sea assets and CCUS activities, with Ithaca Energy, creating a major independent oil and gas company present on the UK Continental Shelf (UKCS)…
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…
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…
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…
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…
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…
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…
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…
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 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…
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…
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