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Carbon Capture Usage & Storage

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Carbon Capture Usage & Storage

TGS sees record-high OBN contract activity following merger with PGS

Norway-based energy data and intelligence company TGS has reported record-high ocean bottom node (OBN) contract activity in the third quarter of 2024, the first quarter including PGS, with the utilization of its streamer fleet improving on high bid activity. In Q3 2024, TGS said that the activity le

about 2 years ago

Carbon Capture Usage & Storage

‘First-of-its-kind’ open-access CO2 storage concept gets €225 million EU support

UK’s energy services provider Altera Infrastructure and oil and gas company Harbour Energy have secured up to €225 million in grant funding from the EU Innovation Fund for what is said to be the first-of-its-kind large-scale solution for CO2 sequestration using shared, flexible offshore infrastructu

about 2 years ago

Ocean Onyx semi-submersible rig; Source: Noble

Carbon Capture Usage & Storage

Noble anticipates step-up in floater rig demand as deepwater oil & gas plays become ‘critical’ to global energy security

Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.

about 2 years ago

18 companies unite for joint industry partnership to accelerate CCUS projects

Carbon Capture Usage & Storage

18 companies unite in joint industry partnership to accelerate CCUS projects

Consulting and engineering firm Wood has established and is leading a joint industry partnership (JIP) to accelerate carbon capture, utilization, and storage (CCUS) projects through the creation of industry guidelines for CO2 specifications. Wood set up the JIP to collate industry research and the e

about 2 years ago

Horisont Energi looking for partner(s) for Barents Sea CO2 exploration license as ORLEN withdraws

Carbon Capture Usage & Storage

Horisont Energi looking for new partners for Barents Sea CO2 exploration license as ORLEN withdraws

ORLEN Upstream Norway, part of Poland’s ORLEN Group and formerly known as PGNiG Upstream Norway (PUN), has decided to withdraw from the Polaris CO2 exploration license, the only CO2 storage located in the Barents Sea, with Horisont Energi now assessing the way forward for the project. The Polaris li

about 2 years ago

Source: North Sea Transition Authority (NSTA)

Carbon Capture Usage & Storage

More sustainable and closely coordinated seabed management aim of new UK agreement

UK regulator North Sea Transition Authority (NSTA) and The Crown Estate, manager of the seabed and renewable energy rights within the economic zone in England, Wales and Northern Ireland, have signed a new Statement of Intent as part of joint aspirations to ensure a more sustainable and closely coor

about 2 years ago

Carbon Capture Usage & Storage

Partners exploring viability of France’s CO2 transport and liquefaction network, eyeing 2030 completion date

Following June’s call for expressions of interest (CEI) to develop a network of CO2 transport infrastructure in France, French liquefied natural gas (LNG) operator Elengy has launched feasibility studies for the project in partnership with compatriot Société du Pipeline Sud-Européen (SPSE), a player

about 2 years ago

Carbon Capture Usage & Storage

Denmark sets aside $4.2 billion as part of its third fund for carbon capture and storage

The Danish Energy Agency has launched the tendering procedure for its third fund for carbon capture and storage (CCS) projects, with DKK 28.7 billion ($4.2 billion) available for interested parties to help Denmark in its path to climate neutrality. The CCS Fund will cover the costs of capture, trans

about 2 years ago

Longship CCS value chain; Source: Northern Lights

Carbon Capture Usage & Storage

Norway’s $2.8 billion full-scale carbon capture transport and storage project close to crossing the finish line

The Norwegian government has made room in its 2025 budget for a multimillion-dollar investment destined to be injected into its carbon capture and storage (CCS) project, described as a full-scale CO2 capture, transport, and storage development in line with the country’s international climate agreeme

about 2 years ago

The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside

Carbon Capture Usage & Storage

UK sets aside almost £22B for carbon capture and storage, hydrogen projects

The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside and Merseyside. According to the UK government, this move will propel the UK towards becoming a gl

about 2 years ago

Carbon Capture Usage & Storage

PGS head to take over as CEO of Geoquip Marine from 2025

Rune Olav Pedersen, the current CEO of Norway-headquartered seismic company PGS, has been appointed as CEO of Geoquip Marine, a provider of geotechnical services to the offshore energy sector, effective from January 1, 2025. Pedersen, who will be based at Geoquip’s headquarters in Switzerland, takes

about 2 years ago

Carbon Capture Usage & Storage

Northern Lights: ‘World’s first’ cross-border CO2 transport and storage facility is officially open

Northern Lights CO2 transport and storage facility, a joint venture (JV) of energy majors Shell, Equinor, and TotalEnergies, has been completed, marking “an important milestone for the global development of a business model for carbon capture, transport, and storage”. The official opening ceremony o

about 2 years ago

Carbon Capture Usage & Storage

Closing ‘reality gap’ between net zero ambition and energy transition action requires US and EU to pull all decarbonization levers

McKinsey & Company, a global management consulting firm, highlights the need to up the climate action ante by scaling up interrelated low-emission and green technologies.

about 2 years ago

Denmark's pilot CO2 storage project paves the way for large-scale CCS

Carbon Capture Usage & Storage

Denmark’s CO2 storage pilot project paves the way for large-scale CCS

The consortium partners behind Project Greensand have submitted the final report for the CO2 storage pilot project, paving the way for the development of large-scale carbon capture and storage (CCS) in Denmark. Project Greensand marked a world first on March 8, 2023, with the first-ever injection of

about 2 years ago