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Carbon Capture Usage & Storage

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Illustration; Source: Westwood
Carbon Capture Usage & Storage

$54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025

The batch of new projects, which are expected to reach the EPC stage this year, is anticipated to lead to awards worth billions of dollars for jobs related to associated subsea equipment, offshore platforms, floating production units, and liquefied natural gas (LNG) equipment and facilities, based o

about 1 year ago
Fast4Ward design; Source: SBM Offshore
Carbon Capture Usage & Storage
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SBM Offshore on FPSO landscape: Oil & gas demand unlocking financing with CCS poised for ‘biggest impact’ in emission cuts

With a backlog of $33 billion and sustainability at the heart of its strategy to future-proof its floating production units, SBM Offshore is expecting to see a new batch of 40 floating production, storage, and offloading (FPSO) opportunities in the next three years, out of which around 16 are antici

12 minutes read
Illustration; Source: Brava Energia
Carbon Capture Usage & Storage

Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025

The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels.

14 minutes read
Noble Interceptor jack-up rig; Source: Noble Corporation
Carbon Capture Usage & Storage

Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era

As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the m

16 minutes read
FPSO EmissionZero; Source: SBM Offshore
Carbon Capture Usage & Storage

Harnessing cutting-edge technologies to shape next-generation FPSO future

While floating production storage and offloading (FPSO) units continue to dominate the deepwater offshore oil and gas projects’ scene, these systems are being adopted for offshore green energy production to unleash clean power from renewables.

13 minutes read
Illustration; Source: TotalEnergies
Carbon Capture Usage & Storage

2024 energy plays in review: Uptick in renewables and clean tech, but oil & gas still hold energy security keys

As another turbulent year for the energy markets, 2024 witnessed a further escalation in geopolitical tensions and conflicts, leading to a mixed bag of achievements, missed opportunities, and rough energy seas not only for the goal of tripling clean sources of supply but also for dominant fossil fue

50 minutes read
Second LNG-powered LCO2 carrier handed over to Northern Lights JV
Carbon Capture Usage & Storage

Second LNG-powered LCO2 carrier handed over to Northern Lights JV

Northern Pathfinder, the second LNG-powered LCO2 carrier that will service the Northern Lights, has been delivered.

about 1 year ago
Scottish startup inks 'landmark' deal for EU’s first full-scale CO2 storage project
Carbon Capture Usage & Storage

Scottish startup inks ‘landmark’ deal for EU’s first operational CO2 storage facility

Scottish startup The Carbon Removers has secured what it says is a landmark deal for CO2 storage as part of Project Greensand in the Danish North Sea. The Carbon Removers announced the agreement on December 10 to permanently sequester 50,000 tonnes of CO2 per year in a depleted oil field, 1,800 mete

about 1 year ago
UK’s first CO2 injection nears reality as final preparations are underway (Video)
Carbon Capture Usage & Storage

UK’s first CO2 injection nears reality as final preparations are underway (Video)

Perenco UK and Carbon Catalyst Limited are completing the final preparations for the CO2 injection test at a carbon capture and storage (CCS) license in the North Sea that encompasses what is seen as the UK’s largest depleted gas field. The partners secured a license to progress the Poseidon CCS pro

about 1 year ago
NYK
Carbon Capture Usage & Storage

Japanese colossals collaborate on carbon neutral marine fuel initiative

Japanese shipping major Nippon Yusen Kabushiki Kaisha (NYK) and compatriot energy titan ENEOS have signed an agreement for the sale and purchase of marine fuel with carbon dioxide (CO2) removal credits (CDR credits) created via direct air capture with carbon storage (DACCS). DACCS is one of the nega

about 1 year ago
FPSO Okha; Source: Woodside
Carbon Capture Usage & Storage

Woodside and Chevron swap oil & gas and CCS assets offshore Australia

Woodside and Chevron have set an asset swap deal in motion to consolidate their interest in core areas of operations and focus on strategic oil, gas, liquified natural gas (LNG), and carbon capture and storage (CCS) assets each operates in Western Australia.

about 1 year ago
OEEC: CCS will employ as many people as oil & gas at its peak
Carbon Capture Usage & Storage

OEEC: CCS will employ as many people as oil & gas at its peak

Carbon capture and storage (CCS) is seen as a bridge to help the world wean off carbon fuels. With that in mind, this developing technology is not going to be temporary and is definitely going to happen on a large scale. To reach that as quickly as possible, we need regulations, licensing, a supply

11 minutes read
Fugro on ground investigation duty for Equinor's European CO2 highway
Carbon Capture Usage & Storage

Fugro on ground investigation duty for Equinor’s European CO2 highway

Fugro is performing a comprehensive ground investigation offshore Belgium for a new CO2 highway developed by Norwegian state-owned energy giant Equinor which will be used for transporting CO2 between mainland Europe and Norway. Fugro said its data acquisition will allow Equinor to quickly calculate

about 1 year ago
An offshore platform at sunset
Carbon Capture Usage & Storage

British firm buying into Orcadian’s North Sea assets, with eyes on ‘zero carbon energy’ development

UK-headquartered oil and gas player Orcadian Energy has inked two deals with compatriot power developer and operator of power plants, the Independent Power Corporation (IPC), and its affiliates.

about 1 year ago