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Decarbonization News

 

dCS, JX NOEX File Bid for Offshore Carbon Capture & Storage Project in Australia

Mar 16, 2022

Australian carbon capture and storage firm deepC Store (dCS) said Wednesday it had with JX Nippon Oil & Gas Exploration Corporation (JX NOEX) submitted a joint bid for a Greenhouse Gas Assessment Permit for a Greenhouse Gas Storage Acreage Release Area in offshore Australia…

Japan's Inpex to Spend Up to $38B in Growth Areas Over 9 years

Feb 09, 2022

Japan's biggest oil and gas explorer Inpex Corp said on Wednesday it will invest up to 4.4 trillion yen ($38 billion) in growth areas over the next 9 years, 1 trillion of which will be spent on decarbonization areas including hydrogen and ammonia…

Petronas, MOL Sign Liquefied CO2 Shipping MoU

Feb 09, 2022

Malaysia's state energy firm Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui O.S.K Lines (MOL) to explore opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania regions…

Australia: Santos Bullish on Prices after Reaping Record Revenue

Jan 21, 2022

Australian gas producer Santos Ltd booked record sales revenue for 2021, pumped up by soaring oil and gas prices, and expects to reap big gains following its $6.2 billion takeover of Oil Search amid a surging energy market.After approaching Oil Search with an offer in the middle of last year…

COVID Accelerates Offshore Energy’s Digital Path

Jan 14, 2022

With an annual R&D budget in excess of a billion Euros, Siemens Energy is well-positioned to drive substantial digital evolution in the offshore energy space. From unmanned offshore rigs to optimized maintenance to decarbonization, digitalization sits at the center…

Petronas, Shell Exploring Offshore Carbon Capture And Storage in Malaysia

Jan 11, 2022

Malaysian oil and gas company Petronas has signed a collaboration deal with oil major Shell to explore opportunities and project collaborations in carbon capture and storage (CCS) space in Malaysia.The two companies will carry out a CCS Area…

ADNOC, TAQA Launch $3.6B Project to Decarbonize Offshore Production Ops

Dec 22, 2021

UAE-based oil and gas companies ADNOC and TAQA on Wednesday announced a $3.6 billion strategic project to 'significantly decarbonize' ADNOC’s offshore production operations.The companies said the project would see the development and operation of a first-of-its-kind high-voltage…

Rosneft Sets Goal to Achieve Net-zero Emissions by 2050

Dec 21, 2021

Russia's largest oil producer Rosneft said on Tuesday that its board has approved new strategy through to 2030 with the aim of achieving net-zero emissions by 2050, earlier than President Vladimir Putin's deadline.Climate scientists have said…

ADNOC Taps Technip Energies to Optimize Ghasha Project Costs, Add Carbon Capture

Dec 08, 2021

Abu Dhabi National Oil Company (ADNOC) has awarded Technip Energies a contract to update the Front-End Engineering Design (FEED) for the Ghasha mega project including accelerating the integration of carbon capture into the development.This project…

Woodside to invest $5B in New Energy by 2030

Dec 08, 2021

Australia's Woodside Petroleum Ltd plans to invest $5 billion by 2030 mainly in hydrogen, in line with a global push for cleaner energy, armed with cash flow from its planned merger with BHP Group's petroleum arm.Woodside Chief Executive Meg O'Neill outlined her energy transition plan on Wednesday…

Nippon Foundation, DeepStar Launch Joint Decarbonization R&D Program

Dec 06, 2021

The Nippon Foundation signed a Memorandum of Understanding (MoU) with the offshore technology development consortium DeepStar to establish a joint research and development program focused on decarbonization in offshore oil and gas, with a focus on renewable energy and the environment…

Hydrogen's Many Colors

Nov 19, 2021

Industries including energy, steel, and chemicals are looking to develop large-scale hydrogen applications to help reduce carbon emissions and avert global warming.Although hydrogen is the most abundant element in the universe, it's very scarce as a gas…

Chevron, Partners to Fork Out for Carbon Offsets for Gorgon LNG Carbon Capture Shortfall

Nov 12, 2021

Chevron Corp and its partners in the Gorgon liquefied natural gas (LNG) project in Western Australia have agreed to buy carbon credits likely to cost more than $180 million as a penalty for failing to meet a five-year target for carbon capture and storage (CCS)…

Mitsubishi, MOL Complete Liquefied CO2 Carrier Study

Nov 10, 2021

Japan's Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has completed a concept study with Mitsui O.S.K. Lines (MOL) regarding liquefied CO2 (LCO2) carriers. The project will combine Mitsubishi Shipbuilding's gas…

More Net than Zero: Do Carbon-cutting Promises Add Up for the Climate?

Nov 09, 2021

The growing avalanche of governments and companies committing to cut their climate-changing carbon pollution to net zero now covers 88% of global emissions, according to a tracker run by leading climate analysis groups.But those pledges do not…

Current News

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Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

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