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ABS Approves Bumi Armada's Floating Concept for Carbon Storage and Injection

Sep 06, 2023

The American Bureau of Shipping (ABS) has awarded Approval in Principle (AIP) for Bumi Armada’s pioneering design for a floating carbon storage and injection unit (FCSIU).Bumi Armada’s FCSIU concept is a floating terminal capable of storing and injecting liquified carbon dioxide (LCO2) into depleted oil and gas fields or aquifers. This novel concept incorporates the ability to accept LCO2 deliveries in an offshore setting…

Baosteel Inks CCUS Research Agreement with Sinopec, Shell, and BASF

Aug 08, 2023

China's biggest listed steelmaker, Baoshan Iron & Steel Co as signed a joint research agreement for carbon capture, utilization, and storage (CCUS) with state oil major Sinopec, global energy company Shell and German chemical firm BASF, the company said on its WeChat account late on Monday…

Tackle Demand, Not Supply, to Cut Emissions, Oil Bosses Say

Jul 06, 2023

The bosses of global energy companies this week urged governments to shift the focus to limiting oil demand to reduce emissions, rather than pressuring producers to curb supply, which they say serves only to increase prices.Some western governments…

Oil Industry Should Set Carbon Targets at COP28 -TotalEnergies CEO

Jul 06, 2023

The world's oil and gas companies should set targets to cut greenhouse gas emissions by 2030 at the upcoming COP28 global climate conference, the CEO of France's TotalEnergies Patrick Pouyanne said on Wednesday.'If we can bring something to COP28 as an oil and gas industry…

ClassNK Grants AiP for Ship that Can Transport Ammonia and Liquefied CO2

Jun 29, 2023

Japanese classification society ClassNK has granted Mitsubishi Shipbuilding Co., Ltd. and Nippon Yusen Kabushiki Kaisha (NYK Line) Approval in Principle (AiP) for a ship that can transport ammonia and liquefied CO2 (LCO2).LCO2 carriers play…

Mitsui OSK Gets AiP for Liquefied CO2 Vessel, Floating Storage Unit

Jun 28, 2023

Japanese shipping company Mitsui O.S.K Lines (MOL) 9104.T has received in-principle approvals for a liquefied CO2 vessel and a floating storage and offloading unit (FSO) from the American Bureau of Shipping, its Chief Executive Takeshi Hashimoto said on Wednesday…

Pilot Energy and KNCC Partner to Store CO2 Offshore Australia

Jun 15, 2023

Australian oil and gas company Pilot Energy and Norway's Knutsen NYK Carbon Carriers (KNCC) have entered into a memorandum of understanding to collaborate on offering an integrated solution for marine transportation and offshore injection of CO2 at the Cliff Head CCS Project…

US, EU Lawmakers Push to Depose UAE's Jaber from Climate Talks

May 24, 2023

Over 100 members of the U.S. Congress and European Parliament called on Tuesday for Sultan al-Jaber to be removed as the designated head of the upcoming COP28 climate talks, saying the oil exec's appointment threatened the integrity of negotiations…

Australia Aims to Scale Up Offshore CCS

May 16, 2023

Australia plans to scale up its capability for offshore carbon capture and storage (CCS) and will shortly seek public feedback on a new round of greenhouse gas storage acreage, the country’s resources minister said on Tuesday.The country, one…

Win Up to $1 Million: ADNOC Launches Global Competition to "Reshape Energy Landscape"

May 11, 2023

Abu Dhabi-based oil and gas giant ADNOC on Thursday launched a global competition to find innovations that will 'reshape the global energy landscape.'The Decarbonization Technology Challenge is being supported by Amazon Web Services (AWS), BP…

Indonesia Invites Oil Firms to Set Up Carbon Capture Facilities

Mar 10, 2023

Oil and gas companies operating in Indonesia are being encouraged to install carbon capture facilities in their working areas, the Energy Ministry said on Friday.The resource-rich country, which is also one of the world's biggest greenhouse gas emitters…

Chevron, Jera in CCS MoU

Mar 08, 2023

Chevron New Energies, a division of Chevron U.S.A. Inc., and JERA Co. have signed a Memorandum of Understanding (MOU) for collaboration on carbon capture and storage (CCS) projects located in the United States and Australia. 'This MOU has the…

Petronas and ExxonMobil to Pursue CCS Projects in Malaysia

Jan 27, 2023

Malaysian oil and gas company Petronas said Friday it had recently signed two agreements with U.S. major ExxonMobil to jointly pursue Carbon Capture and Storage (CCS) projects in Malaysia.Petronas and ExxonMobil have committed to defining the next steps…

Samsung Heavy, MISC to Build Floating CO2 Storage Units

Jan 19, 2023

South Korea's Samsung Heavy Industries said Wednesday it had signed a memorandum of understanding with Malaysia's MISC to jointly develop floating CO2 storage units.The Floating CO2 Storage Unit (FCSU) is a new concept of offshore unit that…

UAE Names ADNOC Chief Jaber as COP28 Climate Conference President

Jan 12, 2023

The United Arab Emirates said on Thursday that Sultan al-Jaber, the head of state oil giant ADNOC, would act as president of the COP28 climate conference it is hosting this year. Jaber, also UAE's minister of industry and technology and its climate envoy…

Current News

Financing Secured for 1GW Offshore Wind Project in Taiwan

Financing Secured for 1GW Offshore Wind Project in Taiwan

Taiwan Aims to Shed Dirty Power Reputation with Big Wind Push

Taiwan Aims to Shed Dirty Power Reputation with Big Wind Push

NRL Plans to Boost Low-sulphur Fuel Oil Output for Ships

NRL Plans to Boost Low-sulphur Fuel Oil Output for Ships

QatarEnergy Orders 17 Ultra-Modern LNG Carriers for $3.9 Billion

QatarEnergy Orders 17 Ultra-Modern LNG Carriers for $3.9 Billion

Malaysian FPSO Firm Bumi Armada Gets Hold of Indonesian Block with Two Discoveries

Malaysian FPSO Firm Bumi Armada Gets Hold of Indonesian Block with Two Discoveries

Mideast-Asia Oil Shipping Rates Rebound, Capped by OPEC+ Supply Cuts

Mideast-Asia Oil Shipping Rates Rebound, Capped by OPEC+ Supply Cuts

COSL to Buy Four New Jack-Up Drilling Rigs for $445M

COSL to Buy Four New Jack-Up Drilling Rigs for $445M

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