Carbon capture and storage (CCS) projects in the Gulf of Mexico could play an important role in meeting U.S. greenhouse gas emission reduction goals, however, many challenges remain, according to a report by Wood Mackenzie. There are currently 22 CCS projects in the U.S., accounting for 19% of globa
Horisont Energi and Neptune Energy are set to apply for the license to operate an area for CO2 storage in the North Sea that Norway’s Ministry of Petroleum and Energy announced on 2 November. The parties plan to apply together, with Neptune Energy having the operatorship for the development phase an
Norway’s Ministry of Petroleum and Energy is inviting applications for an area on the Norwegian continental shelf (NCS) that would be used for CO2 injection and storage. The area encompasses defined blocks in the North Sea. “Today’s announcement of land for the storage of CO2 is new evidence of the
UK’s regulator says that the industry will make significant savings in time and money following its move to cut red tape and scrap the requirement for CoP reports.
BP has delivered high profits in the third quarter of 2022 on a year-on-year basis, driven by natural gas trading and elevated energy prices.
Rotoboost, a global hydrogen company based in Norway, has won a new technology qualification designation from the ABS classification society for its pre-combustion carbon capture system based on the thermocatalytic decomposition process. The technology, described as a first-of-its-kind, allows for c
Global technology company SLB and industrial gases and engineering company Linde have entered into a strategic collaboration on carbon capture, utilisation and sequestration (CCUS) projects to accelerate decarbonisation solutions across industrial and energy sectors. The collaboration will focus on
Malaysia’s Petronas has inked two deals with Petroleum Sarawak (Petros) to scale up the sustainable development of Sarawak’s energy industry.
Equinor has recorded “strong financial results” in 3Q of 2022 thanks to increased output, primarily gas, and elevated energy prices.
Shell will explore carbon transport and storage options in Brunei & Singapore, which could be part of a potential CCS hub in Southeast Asia.
Saudi Aramco has created a $1.5 billion sustainability fund to encourage investment in technology needed to support the energy transition.
DNV has qualified Aker Carbon Capture’s modularized offshore facility, which is expected to cut emissions from oil and gas production.
Norway’s Magseis Fairfield and the Dutch Fugro have signed a global cooperation agreement to work on project opportunities including wide area 3D ultra high-resolution surveys (3D UHR) for the offshore renewables and carbon capture and storage (CCS) markets. The companies said they will jointly purs
The Associated British Ports (ABP) has entered into an exclusive commercial relationship with Edinburgh–based oil and gas company Harbour Energy to develop a CO₂ import terminal at the Port of Immingham, the UK’s largest port by tonnage. The terminal will provide a large-scale facility to connect CO
