Finnish technology group Wärtsilä and Norwegian shipping company Solvang ASA have agreed on a full-scale pilot retrofit installation of a carbon capture and storage (CCS) system on one of Solvang’s ethylene carriers.
The UK government has launched its landmark net-zero strategy, outlining measures to lower its reliance on fossil fuels and transition to a green and sustainable future.
UK has selected two clusters to receive the funding and develop their proposed carbon capture usage and storage projects starting from 2025.
Talos Energy and TechnipFMC have entered into a strategic alliance to develop and deliver technical and commercial solutions to CCS projects.
Another week has gone by not leaving us wanting on energy transition developments, as several updates on renewable energy, clean fuels, decarbonisation, and net-zero strategies made headlines – most notably those from the traditionally fossil fuel-oriented players.
Bureau Veritas has joined Dutch advocacy and networking group Amsterdam IJmuiden Offshore Ports to tackle the decommissioning challenge.
TechnipFMC has completed the acquisition of outstanding shares of Magma Global with an aim to accelerate the development of composite pipe technologies for conventional energy and CO2 applications.
Maersk Drilling has entered a framework agreement with the Nini Joint Venture for the supply of rigs for the Greensand carbon storage project.
UK’s petroleum regulator, the Oil and Gas Authority (OGA), has awarded a carbon dioxide appraisal and storage licence to Harbour Energy.
Transocean has committed to reducing operating Scope 1 and Scope 2 greenhouse gas emissions intensity by 40 per cent from 2019 levels by 2030.
Qatar’s state-owned oil and gas company Qatar Petroleum has changed its name to reflect its energy transition focus.
Northern Lights, Shell’s joint venture with energy majors Equinor and TotalEenrgies, has placed an order for two LNG-powered, wind-assisted CO2 carriers at China’s Dalian Shipbuilding Industry Co. (DSIC).
U.S. oil major ExxonMobil has increased its participation in the Acorn CCS project in Scotland by signing an Expression of Interest.
PTTEP’s new CEO will work to strengthen the company’s E&P business and prepare for the expansion into renewable energy.
