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Carbon Capture Usage & Storage - Offshore Energy

Carbon Capture Usage & Storage

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Carbon Capture Usage & Storage

Ecospray’s CO2 capture tech with 80 pct efficiency coming in Q1 2024

Ecospray, an Italian company specializing in sustainable solutions for maritime and land-based industries, has unveiled its first two carbon capture technologies for the maritime sector in Athens, Greece. The company developed a pilot plant with two CO2 capture technologies: chemical absorption usin

about 3 years ago

Rishi Sunak, UK Prime Minister; Source: UK government

Carbon Capture Usage & Storage

UK’s shift in net-zero policy raises red flag: Is this a godsend for people’s pockets or wishful thinking?

A deep dive into the backlash and other prominent reactions related to the UK’s Prime Minister’s recent changes in net-zero policy.

16 minutes read

Illustration; Source: International Energy Agency (IEA)

Carbon Capture Usage & Storage

Coming to grips with a mixed bag of energy transition expectations

As COP28 nears, concerns surrounding climate change are heating up and the pressure on the oil and gas industry is mounting day in, day out.

12 minutes read

Carbon Capture Usage & Storage

Norwegian firms merging to make ‘strong full-service energy data company’

Norwegian seismic companies PGS and TGS are merging their businesses to create what they say will be a full-service geophysical data company, pursuing potential in new energy with complementary technology offerings for carbon capture and storage (CCS) and offshore wind. TGS and PGS agreed on the pri

about 3 years ago

Illustration/French developer Sabella deploying its tidal energy turbine (Courtesy of Ocean Energy Europe)

Carbon Capture Usage & Storage

In focus: Accelerating buildout of sustainable energy mix amid fossil fuel impasse

Last week’s G20 summit in India concluded with mixed progress on environmental issues. The leaders hailed the ambitious new renewable energy goal to “pursue and encourage efforts to triple renewable energy capacity globally” by 2030. However, the gathering was marked with lingering disagreements and

about 3 years ago

Carbon Capture Usage & Storage

21 carbon storage licenses awarded in UK’s landmark licensing round

A total of 14 companies have been awarded 21 licenses in the UK’s first-ever carbon storage licensing round – said to have the potential to store almost 10% of UK greenhouse gas emissions. The North Sea Transition Authority (NSTA) announced on 15 September that 14 companies had accepted licenses in

about 3 years ago

SBM Offshore's Fast4Ward FPSO design; Source: SBM Offshore

Carbon Capture Usage & Storage

On mission to decarbonise FPSO ops, SBM Offshore and MHI offer CO2 capture solution

SBM Offshore has joined forces with Japan’s Mitsubishi Heavy Industries Ltd. (MHI) to offer a CO2 capture solution for a floating production, storage, and offloading (FPSO) vessels while they produce oil and gas from offshore reservoirs.

about 3 years ago

Carbon Capture Usage & Storage

In focus: Road to net zero has become much bumpier

Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in

about 3 years ago

Illustration; Source: Offshore Energies UK (OEUK)

Carbon Capture Usage & Storage

UK’s oil & gas, offshore wind, CCS, and hydrogen investments to hit whopping £200 billion by 2030

The UK’s total offshore energy investment in oil, gas, renewables and low-carbon energies could reach £200 billion this decade.

about 3 years ago

Polish firm pursuing only Barents Sea CO2 exploration license

Carbon Capture Usage & Storage

Polish firm pursuing operator role for only CO2 exploration license in Barents Sea

Horisont Energi has signed a Letter of Intent (LoI) with energy company PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, under which PUN aims to enter as a partner and operator in the only CO2 exploration license in the Barents Sea. The Norwegian Ministry of Petroleum and Energy announced

about 3 years ago

Illustration; Source: North Sea Transition Authority (NSTA)

Carbon Capture Usage & Storage

With UK’s 2030 CCUS targets being ‘very challenging,’ three measures can save the day

Wood Mackenzie believes the UK will struggle to meet its CCUS targets unless government and private investment come to the aid.

about 3 years ago

Carbon Capture Usage & Storage

Höegh LNG, Aker BP forge alliance on CO2 transportation and storage

Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has entered into a strategic partnership with oil major Aker BP to develop a fully comprehensive carbon capture and storage (CCS) offering for industrial CO2 emitters in Northern Europe. Under the agreement, the two companies plan to c

about 3 years ago

Illustration; Source: North Sea Transition Authority

Carbon Capture Usage & Storage

Will UK pull out of energy treaty now or wait to see if low-carbon and green provisions will be woven into its fabric?

The UK is set on reviewing its Energy Charter Treaty membership, which will enable it to consider withdrawal as an outcome of the review.

11 minutes read

Carbon Capture Usage & Storage

Shell Ventures invests in Value Group

Dutch sustainability firm Value Group, which brings together sister companies Value Maritime and Value Carbon, revealed that Shell Ventures has joined Value Group’s investor base to accelerate and expand Value Group’s carbon capture utilisation and storage strategy. Shell Ventures, the corporate ven

about 3 years ago