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Low-Carbon Transition

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Low-Carbon Transition

EU names 44 oil & gas contributors to 2030 CO2 injection targets

The European Commission has adopted a delegated regulation and a corresponding decision outlining the obligations for oil and gas producers related to the targets set by the European Union (EU) for CO2 storage.

about 1 year ago
Eni
Low-Carbon Transition

Prospective North Sea CCS sites sought to ‘turbocharge’ UK’s path to net zero

UK regulator the North Sea Transition Authority (NSTA) has called on interested parties to submit their proposals for potential carbon storage locations in the North Sea.

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about 1 year ago
Illustration; Source: Saipem
Low-Carbon Transition

Saipem, Baker Hughes, Halliburton and SLB collect almost $1.5 billion in profit

Against the backdrop of supply chain challenges, elevated prices, trade wars, and geopolitical and economic pressures, four oilfield services giants – Italy’s Saipem and U.S.-headquartered Baker Hughes, Halliburton, and SLB – have reported a combined profit of $1.49 billion in the first quarter of 2

about 1 year ago
FSRU Excelsior; Source: DET
Low-Carbon Transition

Germany’s next LNG terminal chapter nearly all-set to go live

Deutsche Energy Terminal (DET), part of the German Federal Ministry for Economic Affairs and Climate Action and a state-owned operator of four liquefied natural gas (LNG) terminals, is closing in on the start-up of Germany’s second terminal in Wilhelmshaven.

about 1 year ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Low-Carbon Transition

Drilling ops yield fertile ground for carbon storage in North Sea

Equinor Low Carbon Solutions, a subsidiary of Norway’s state-owned energy giant Equinor, has drilled two appraisal wells in the Norwegian sector of the North Sea, which are said to possess suitable properties for the injection and storage of carbon dioxide (CO2).

about 1 year ago
Noble Discoverer rig; Source: Noble
Low-Carbon Transition

Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off?

Transocean, Noble Corporation, Valaris, Seadrill, Shelf Drilling, and ADES have reported a combined total backlog of $31.17 billion in the first quarter of 2025.

11 minutes read
Chevron recently brought online a subsea tie-back to the Blind Faith platform; Source: Chevron
Low-Carbon Transition

Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips score $29 billion

Shell, BP, TotalEnergies, Equinor, Eni, ExxonMobil, Chevron, and ConocoPhillips have managed to come on top yet again, displaying the resilience of the energy sector with performance and quarterly results that show a combined profit of about $29 billion.

about 1 year ago
Illustration; Source: North Sea Transition Authority (NSTA)
Low-Carbon Transition

Exclusive interview: Balancing act between energy security and decarbonization unlocking oil & gas resilience

Sulzer has pointed out the operators’ need to pursue decarbonization tools to ensure cleaner production and more efficient operations, maximizing productivity and enhancing sustainability to tackle the climate change ticking time bomb and come to grips with energy security challenges.

about 1 year ago
Lorelay; Source: Allseas
Low-Carbon Transition

Allseas on offshore pipelay duty as Porthos takes over North Sea gas assets for CCS revamp

Allseas is putting an offshore pipeline in place for a development that aims to become the first offshore CO2 transport and storage project in the European Union (EU).

about 1 year ago
Noble Interceptor rig; Source: Noble Corporation
Low-Carbon Transition

Noble tucks CCS rig tech milestone under its belt

U.S.-headquartered offshore drilling giant Noble Corporation has confirmed the receipt of a certificate related to carbon capture and storage (CCS) rig technology from DNV, an energy expert and assurance provider.

about 1 year ago
Equipment arriving for onward delivery to Rosebank; Credit: Alexander Simpson/Lerwick Port Authority
Low-Carbon Transition

Activity heats up at Britain’s port in support of giant oil & gas development project

Lerwick Harbour, situated at the crossroads of the North Sea and Northeast Atlantic, has confirmed an uptick in preparations for servicing Equinor’s first development phase of a controversial oil and gas field on the UK Continental Shelf (UKCS).

about 1 year ago
Northern Lights; Source: Northern Lights JV
Low-Carbon Transition

Aker Solutions turns to Norwegian firm for personnel on Northern Lights expansion project

Aker Solutions has hired Multiconsult Norge to supply qualified personnel on a hire-in basis to work as an integral part of its project team, representing the civil disciplines, for the second phase of Northern Lights, part of the Longship full-scale carbon capture and storage (CCS) project.

about 1 year ago
FSRU Independence in Klaipėda; Source: Höegh Evi, former Höegh LNG
Low-Carbon Transition

LNG terminal electrification moving forward as contractor gets shore connection job

KN Energies (KN), former Klaipedos Nafta, has picked a contractor for engineering, procurement, and construction (EPC) works related to its LNG terminal electrification project on Lithuania’s Kiaulės Nugara Island.

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Low-Carbon Transition

Oil, gas, and LNG weaving energy security web

The winds of change are still gathering speed as they blow across the global energy industry, but they have not managed to dislodge oil and natural gas from their top spots in the energy mix. These fossil fuels, alongside LNG, are still keeping their finger on the pulse of the worldwide energy secur

14 minutes read