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Low-Carbon Transition - Offshore Energy

Low-Carbon Transition

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Low-Carbon Transition

$452 billion shot in UK economy’s arm on the table with oil & gas and other homegrown energy

With forecasts indicating that the United Kingdom (UK) will need billions of oil and gas barrels by 2050 amidst the ongoing economic challenges and energy market headwinds and tailwinds, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has outlined in its new repor

about 1 year ago

With phase 1 fully booked, Northern Lights partners take €662M FID for second phase

Low-Carbon Transition

With phase 1 fully booked, Northern Lights partners take €662M FID for project expansion

Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have made a final investment decision (FID) to progress phase two of the namesake CO2 transport and storage development. This will increase the project’s transport and storage capacity from 1.5 million to over 5 million ton

about 1 year ago

Low-Carbon Transition

16 applicants pursuing Denmark’s $4.1 billion carbon capture and storage fund

The Danish Energy Agency has received applications from 16 companies in the call for its third fund for carbon capture and storage (CCS) projects, with DKK 28.7 billion (around $4.1 billion) available to help Denmark in its path to climate neutrality. The CCS Fund will cover the costs of capture, tr

about 1 year ago

Low-Carbon Transition

Petrobras and NOV looking to develop CO2-resistant flexible pipes for deep water

American oilfield services company NOV and Brazilian state-owned energy firm Petrobras have signed a pre-commercial agreement for the development of flexible pipes designed for high CO2 deepwater applications. The collaboration, formalized with the signature of an agreement in February, focuses on c

about 1 year ago

Low-Carbon Transition

Allseas setting the stage for pipelaying at EU’s landmark CO2 transport and storage project

An Allseas vessel has commenced offshore works for the first offshore carbon capture and storage (CCS) project in the Netherlands with an unexploded ordnance (UXO) survey along the pipeline route, seen as one of several important pre-lay activities before pipeline installation. Allseas’ purpose-buil

about 1 year ago

Gannet platform in North Sea; Source: Shell

Low-Carbon Transition

Shell presents gas & LNG as safe bets but keeps low carbon and renewable tools in play

Shell showcased its investment plans for the future, spotlighting its commitment to oil and gas to unlock longevity, further growth, and attractive returns.

14 minutes read

Transocean Barents rig; Source: OMV Petrom and Romgaz

Low-Carbon Transition

Transocean rig spuds first of ten gas wells in Black Sea drilling campaign

OMV Petrom and Romgaz have started drilling the first gas production well in their multi-well program in the Romanian sector of the Black Sea with a semi-submersible rig, owned by Transocean, a Switzerland-based offshore drilling giant.

about 1 year ago

Cedar LNG artist's rendering - View looking south from above Douglas Channel towards the proposed facility and docked LNG carrier; Source: Cedar LNG

Low-Carbon Transition

Canada throws its weight behind $4 billion hydro-powered floating LNG project

The Canadian government has handpicked Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure player Pembina Pipeline Corporation, to be on the receiving end of millions in support for a floating liquefied natural gas (LNG) (FLNG) facility.

about 1 year ago

Stena Carron drillship; Source; Stena Drilling

Low-Carbon Transition

Second Stena Drilling rig sports DNV’s drillship notation for emissions abatement

Stena Drilling has welcomed the award of an Abate (P) notation, which DNV has now bestowed upon another one of its drillships following the rig owner’s addition of multiple technical and operational measures for the rig to cut its fuel consumption and greenhouse gas (GHG) emissions.

about 1 year ago

Rio Grande LNG terminal; Courtesy of NextDecade

Low-Carbon Transition

Court changes its mind: Construction of American LNG project emerging out of legal woods

Houston-headquartered energy player NextDecade Corporation has cheered the revised court judgment regarding its liquefied natural gas (LNG) export projects at the Port of Brownsville, Texas. The decision is perceived to remove the question mark hanging over the construction of this LNG project, whic

about 1 year ago

Low-Carbon Transition

US gives the go-ahead for Venture Global’s proposed $28 billion LNG export project in Louisiana

U.S. Secretary of Energy has now given its blessing for a proposed multibillion-dollar liquefied natural gas (LNG) export project in Louisiana, operated by Venture Global, an American producer of LNG sourced from North American basins.

about 1 year ago

FLNG Gimi works on BP's Greater Tortue Ahmeyim (GTA) project; Source: Golar LNG

Low-Carbon Transition

Bermuda firm and Chinese players sign on dotted line for FLNG’s $1.2 billion debt refinancing

Golar LNG has inked finance lease agreements with a consortium of Chinese leasing companies for the refinancing of the existing debt facility for a floating LNG (FLNG) unit, which is working for the UK-headquartered BP.

about 1 year ago

Illustration; Source: Offshore Energies UK (OEUK)

Low-Carbon Transition

‘Pragmatic’ offshore energy investment policy key to ensure UK’s supply chain stays put

With research showing that nine out of ten companies perceive business playgrounds in other countries as better suited for investment and growth, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has warned the UK government about the looming uncertainty surrounding

about 1 year ago

Crowley's American Energy, said to be the first U.S. LNG carrier to supply Puerto Rico with U.S.-sourced energy; Source: Crowley

Low-Carbon Transition

American Energy ready to fortify Puerto Rico’s security of supply with LNG cargos

Crowley has joined forces with Naturgy, enabling it to send what it describes as the first U.S. LNG carrier (LNGC) to Puerto Rico, bolstering the North American country’s energy security amid growing power demand.

about 1 year ago