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Carbon Capture Usage & Storage - Offshore Energy

Carbon Capture Usage & Storage

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Rishi Sunak, UK Prime Minister; Source: UK government

Carbon Capture Usage & Storage

UK’s shift in net-zero policy raises red flag: Is this a godsend for people’s pockets or wishful thinking?

A deep dive into the backlash and other prominent reactions related to the UK’s Prime Minister’s recent changes in net-zero policy.

16 minutes read

Carbon Capture Usage & Storage

PETRONAS, MISC, and MOL forge pact on LCO2 carrier development

Malaysia’s state-owned energy giant PETRONAS, through its wholly-owned subsidiary PETRONAS CCS Ventures, has teamed up with compatriot shipowner MISC Berhad and Japanese shipping major Mitsui O.S.K Lines (MOL) on the development and commercialization of Liquefied Carbon Dioxide (LCO2) carriers. The

about 3 years ago

Amin H. Nasser, Saudi Aramco President & CEO; Source: Saudi Aramco

Carbon Capture Usage & Storage

Aramco CEO: Widening gap in global energy transition lays bare need for ‘more realistic and robust’ multi-source plan

Aramco’s CEO has called upon world leaders and energy players to devise concrete transition steps in a bid to ensure a just transition and avert a potential energy crisis, as a result of a premature phasing out of fossil fuels.

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Carbon Capture Usage & Storage

Coming to grips with a mixed bag of energy transition expectations

As COP28 nears, concerns surrounding climate change are heating up and the pressure on the oil and gas industry is mounting day in, day out.

12 minutes read

Carbon Capture Usage & Storage

Norwegian firms merging to make ‘strong full-service energy data company’

Norwegian seismic companies PGS and TGS are merging their businesses to create what they say will be a full-service geophysical data company, pursuing potential in new energy with complementary technology offerings for carbon capture and storage (CCS) and offshore wind. TGS and PGS agreed on the pri

about 3 years ago

Illustration/French developer Sabella deploying its tidal energy turbine (Courtesy of Ocean Energy Europe)

Carbon Capture Usage & Storage

In focus: Accelerating buildout of sustainable energy mix amid fossil fuel impasse

Last week’s G20 summit in India concluded with mixed progress on environmental issues. The leaders hailed the ambitious new renewable energy goal to “pursue and encourage efforts to triple renewable energy capacity globally” by 2030. However, the gathering was marked with lingering disagreements and

about 3 years ago

Carbon Capture Usage & Storage

21 carbon storage licenses awarded in UK’s landmark licensing round

A total of 14 companies have been awarded 21 licenses in the UK’s first-ever carbon storage licensing round – said to have the potential to store almost 10% of UK greenhouse gas emissions. The North Sea Transition Authority (NSTA) announced on 15 September that 14 companies had accepted licenses in

about 3 years ago

SBM Offshore's Fast4Ward FPSO design; Source: SBM Offshore

Carbon Capture Usage & Storage

On mission to decarbonise FPSO ops, SBM Offshore and MHI offer CO2 capture solution

SBM Offshore has joined forces with Japan’s Mitsubishi Heavy Industries Ltd. (MHI) to offer a CO2 capture solution for a floating production, storage, and offloading (FPSO) vessels while they produce oil and gas from offshore reservoirs.

about 3 years ago

P-75 operates in the Búzios field, in the pre-salt of the Santos Basin; Source: Petrobras

Carbon Capture Usage & Storage

Petrobras sets its cap on pursuing further decarbonisation pieces in energy transition puzzle

Brazilian state-owned oil and gas giant Petrobras has notched new emissions reduction milestones, thanks to two of its giant fields in the pre-salt of the Santos Basin recording emissions below the world average last year.

about 3 years ago

Carbon Capture Usage & Storage

More gas ‘critical’ for Australia’s energy security while CCS fortifies its net-zero role

A new report from the Australian Energy Market Operator (AEMO) puts emphasis on the need for new gas supply as potential blackouts loom on the horizon.

about 3 years ago

Carbon Capture Usage & Storage

New voestalpine carbon-steel approved for LCO2 transport and storage

voestalpine’s new F550 TMCP toughcore has been approved by Bureau Veritas as per IGC and IMO guidelines. Designed by voestalpine Grobblech to meet the highest safety standards for liquefied carbon dioxide (LCO2) transport and storage, the F550 TMCP toughcore has been recognised by Bureau Veritas as

about 3 years ago

Carbon Capture Usage & Storage

In focus: Road to net zero has become much bumpier

Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in

about 3 years ago

Illustration; Source: Offshore Energies UK (OEUK)

Carbon Capture Usage & Storage

UK’s oil & gas, offshore wind, CCS, and hydrogen investments to hit whopping £200 billion by 2030

The UK’s total offshore energy investment in oil, gas, renewables and low-carbon energies could reach £200 billion this decade.

about 3 years ago

Carbon Capture Usage & Storage

Another player joins mission to explore CCS value chain between Australia and Japan

Woodside has inked a non-binding MoU with KEPCO to enable studies of a potential CCS value chain between Japan and Australia.

about 3 years ago