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Carbon Capture Usage & Storage

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Illustration; Source: ExxonMobil
Carbon Capture Usage & Storage

ExxonMobil’s 2030 agenda: Fueling decarbonization with $30 billion while ramping up oil & gas and LNG output

ExxonMobil has unveiled its new corporate plan up to 2030, expecting to deliver a growth potential of $20 billion in earnings and $30 billion in cash flow.

about 1 year ago
Illustration; Source: Petronas
Carbon Capture Usage & Storage

Petronas assigns work on Malaysian carbon capture and storage project to RINA

Petronas has put RINA, a provider of inspection, certification, and engineering consultancy services, in charge of a preliminary front-end engineering design (pre-FEED) study for a carbon capture and storage (CCS) project in Malaysia.

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about 1 year ago
UK’s first ever carbon storage becoming a reality, first injection expected in 2027
Carbon Capture Usage & Storage

UK’s first ever carbon storage becoming a reality, first injection expected in 2027

The North Sea Transition Authority (NSTA) has awarded the Northern Endurance Partnership (NEP), comprising BP, Equinor and TotalEnergies, with the first-ever carbon storage permit in the UK. The project, located around 75 kilometers east of Flamborough Head, off Teesside on England’s east coast, is

about 1 year ago
Large-scale North Sea CO2 storage gallops ahead as Danish project reaches FID
Carbon Capture Usage & Storage

EU’s first full-scale CO2 storage facility gallops ahead as Danish project reaches FID

The consortium partners behind Project Greensand have taken the final investment decision (FID) for what is the first full-scale carbon storage facility in the EU, investing $150 million in commercial agreements across the entire value chain, from CO2 emitters to logistics, storage, and shipping. On

about 1 year ago
CMP
Carbon Capture Usage & Storage

Swedish Energy Agency bankrolls Malmö CO2 Hub project

A project that seeks to develop a common infrastructure in southern Sweden for transport and storage or utilization of carbon dioxide (CCUS) has received a financial boost from the Swedish Energy Agency (Energimyndigheten).

about 1 year ago
Cross-border CO2 shipping could require up to 150 vessels by 2050 to back APAC goals, report shows
Carbon Capture Usage & Storage

Cross-border CO2 shipping could require up to 150 vessels by 2050 to back APAC goals, report shows

By 2050, Asia Pacific (APAC) countries could require up to 150 vessels to transport an estimated 100 million tons per annum (MtPA) of captured CO2 across national borders, according to a new report.

about 1 year ago
Keel laid for fourth Northern Lights LNG dual-fuel LCO2 tanker
Carbon Capture Usage & Storage

Keel laid for fourth Northern Lights LNG dual-fuel LCO2 tanker

German shipowner Bernhard Schulte has marked a keel laying milestone in the construction of its first LNG dual-fuel liquid CO2 (LCO2) tanker at Dalian Shipbuilding & Offshore Company (DSOC) in China.

about 1 year ago
Equinor opens call for buyers to offtake low-carbon hydrogen from H2M Eemshaven project
Carbon Capture Usage & Storage

Equinor opens call for buyers to offtake low-carbon hydrogen from H2M Eemshaven project

Equinor launched its first Hydrogen Open Season, inviting parties to express interest in purchasing low-carbon hydrogen from project in Eemshaven.

about 1 year ago
NYK and partners to study construction of LCO2-EP terminal-to-terminal vessels
Carbon Capture Usage & Storage

NYK and partners to study construction of LCO2-EP terminal-to-terminal vessels

NYK Line and its affiliate KNCC have partnered with Nihon Shipyard to study constructability of a 40,000 cubic meter terminal-to-terminal liquefied CO2 (LCO2) vessel.

about 1 year ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Carbon Capture Usage & Storage

$80 billion ‘powerhouse’ makes its entrance on energy stage with gas, low-carbon tools, and chemicals in mind

ADNOC has unveiled XRG, a low-carbon energy, natural gas, and chemicals investment company with an enterprise value of over $80 billion, which is envisioned to power the world with lower-emission energy to enable a more sustainable energy future.

about 1 year ago
Langh Tech
Carbon Capture Usage & Storage

Langh Tech debuts onboard carbon capture system

Finnish green tech company Langh Tech has launched a new system for onboard carbon capture (OCC), expanding its portfolio of exhaust gas treatment solutions for ships.

about 1 year ago
Tangguh LNG; Source: BP
Carbon Capture Usage & Storage

Saipem picks up $1 billion job on BP’s $7B integrated gas and CCUS project

Saipem has won a new offshore assignment with BP for work on an Asian integrated project’s offshore facilities for natural gas production and transportation alongside carbon capture, utilization, and storage (CCUS).

about 1 year ago
Value Group
Carbon Capture Usage & Storage

Rotterdam Energy Transition Fund backs Value Group to drive development of CO2 hub

Value Group, the Netherlands-based company uniting Value Maritime and Value Carbon, has secured a €2 million investment from Rotterdam Energy Transition Fund (ETF-R), a €100 million investment fund of the City of Rotterdam.

about 1 year ago
Illustration; Source: ExxonMobil
Carbon Capture Usage & Storage

Net zero quest: Weaning off oil & gas or undermining the world’s energy security backbone?

After decarbonization pledges entered the scene, climate change challenges have fanned the transformation flames, taking the energy industry’s transition to other power sources to a whole new level.

about 1 year ago