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Low-Carbon Transition - Offshore Energy

Low-Carbon Transition

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Low-Carbon Transition

UK CCS project enters construction phase with financial close now secured

Italy’s oil & gas giant Eni has reached financial close with the UK Government for a carbon capture and storage (CCS) project in northern England, now free to move to the construction phase. Eni announced today, April 24, that it had reached financial close with the Department of Energy Security and

about 1 year ago

Low-Carbon Transition

Port of Rotterdam and Vast looking into electrification of oil tankers

The Port of Rotterdam, one of Europe’s major energy hubs, has partnered with Brazilian Vast Infraestrutura, a Prumo Group company providing oil transshipment services, to study the electrification of oil tankers at berth globally.

about 1 year ago

Rendering of the proposed LNG terminal; Source: LNG Alliance

Low-Carbon Transition

20-year LNG offtake deal set to lend a hand in cinching Asia’s energy security

Amigo LNG, a Mexican subsidiary of Singapore’s LNG Alliance, has secured a multi-year sales and purchase agreement (SPA) with Sahara Group, an energy and infrastructure conglomerate, for the supply of liquefied natural gas (LNG) from its liquefaction facility under development on Mexico’s West Coast

about 1 year ago

Rendering of the Ruwais LNG concept design; Source: ADNOC

Low-Carbon Transition

ADNOC inks UAE’s ‘largest LNG deal by volume’ with Chinese player

ADNOC has signed a multi-year gas deal with ENN for liquefied natural gas (LNG), which will be sourced from the former’s giant low-carbon LNG project, currently under development.

about 1 year ago

Low-Carbon Transition

Cross-border CO2 storage customer booked for Denmark’s Project Greensand

INEOS, on behalf of Project Greensand, has signed a cross-border agreement with Öresundskraft Kraft & Värme to explore the storage of CO2 from Sweden at the Greensand offshore storage facility in the Danish North Sea, starting from 2028. The agreement will see the partners explore the storage of up

about 1 year ago

Low-Carbon Transition

TotalEnergies firming up 15-year LNG deal to meet Caribbean nation’s energy needs

TotalEnergies is working on closing a multi-year liquefied natural gas (LNG) sale and purchase agreement (SPA) in the Caribbean, which will enable it to assist the Dominican Republic in boosting its electricity supply.

about 1 year ago

CO2 capture solution for FPSOs; Courtesy of SBM Offshore

Low-Carbon Transition

Japan’s MHI confirms joint study for FPSO CO2 capture modules with SBM Offshore

SBM Offshore is pooling resources with Japan’s Mitsubishi Heavy Industries (MHI) Group to undertake a study for the application of CO2 capture modules on future floating production, storage, and offloading (FPSO) units to be deployed on oil and gas fields operated by Brazil’s energy giant Petrobras.

about 1 year ago

Rio Grande LNG terminal; Courtesy of NextDecade

Low-Carbon Transition

TotalEnergies follows in Aramco’s footsteps with 20-year US LNG offtake deal secured

TotalEnergies has exercised its purchase option and inked a multi-year LNG sale and purchase agreement (SPA) with NextDecade, enabling sufficient commercial agreements in place to back a positive final investment decision (FID) on the fourth train at an LNG export project in Texas, United States.

about 1 year ago

Rendering of Argentina LNG project; Source: YPF

Low-Carbon Transition

Eni and YPF pooling resources to speed up LNG project amid global gas rush

Eni has made a move to join forces with Argentina’s oil and gas firm YPF to work on jointly evaluating a phase of a proposed liquefied natural gas (LNG) project in the Sierra Grande Norte, on the South American country’s Atlantic coast.

about 1 year ago

Low-Carbon Transition

China richer for another offshore project start-up featuring ‘green’ oil & gas development

CNOOC has kicked off production from an oilfield development project off the coast of China, which comes with new bells and whistles, spotlighting more sustainable energy solutions.

about 1 year ago

Low-Carbon Transition

Yinson Production’s carbon capture-endowed FPSO weeks away from reaching its destination

Yinson Production is roughly a month away from welcoming its floating production, storage, and offloading (FPSO) vessel to Angolan waters.

about 1 year ago

Low-Carbon Transition

UAE firm makes its first foray into US by joining Kimmeridge’s gas and LNG business

Mubadala Energy is entering the U.S. energy market through an equity investment into the upstream gas and liquefied natural gas (LNG) business owned by a subsidiary of Kimmeridge, an energy-focused alternative asset manager.

about 1 year ago

Low-Carbon Transition

TPAO signs up for global oil & gas decarbonization initiative

Türkiye Petrolleri A.O. (TPAO) has become the 56th player to come on board the Oil and Gas Decarbonization Charter (OGDC), which is set on stepping up the worldwide decarbonization game in the oil and gas industry at speed and scale.

about 1 year ago

Illustration; Source: Conrad Asia Energy

Low-Carbon Transition

Southeast Asian player offloads stake in gas field as it shifts to clean energy

Coro Energy has taken the last step toward closing its fossil fuels chapter by inking a deal to divest its interest in a natural gas field in the West Natuna Sea off the coast of Indonesia to devote its time and resources to greener ventures by focusing on its renewable energy portfolio.

about 1 year ago