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Low-Carbon Transition

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A panel session at Offshore Energy Exhibition & Conference 2023 in Amsterdam
Low-Carbon Transition

OEEC 2024: A lot to talk about

In a little more than five years, renewable energy targets set for 2030 will come knocking on the door. Whether they will be reached, missed or overshot, depends on multiple factors, most of which concern policymakers and the energy sector itself. At the end of 2023, the EU increased the binding ren

about 2 years ago
'First-of-its-kind' open-access CO2 storage concept gets €225 million EU support
Low-Carbon Transition

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

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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
Low-Carbon Transition

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
PSV design by MMC Ship & Design; Courtesy of Kongsberg Maritime
Low-Carbon Transition

Multimillion-dollar award puts Kongsberg in charge of equipping newbuild 10-vessel oil & gas fleet

Kongsberg Maritime has been tasked to provide a wide range of equipment for a new fleet of ten platform supply vessels (PSVs), which are being built by a Chinese shipbuilder for Greece’s vessel owner Capital Offshore Management Corp.

about 2 years ago
Sullom Voe Terminal; Source: Veri Energy
Low-Carbon Transition

Trio enriches offshore electrification of oil & gas assets in UK and Norway with carbon capture

Three players have embarked on a decarbonization mission to bring offshore electrification operations to new heights in the UK and Norway by throwing carbon capture solutions into the mix to curb oil and gas installations’ carbon footprint.

about 2 years ago
18 companies unite for joint industry partnership to accelerate CCUS projects
Low-Carbon Transition

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
Illustration of the field support vessel; Credit: Marin Teknikk
Low-Carbon Transition

Norwegian firm gets work on new vessel for Europe’s huge gas project

Norwegian Electric Systems (NES) has been tasked with developing and delivering complete energy design, an integrated automation system, and its future-oriented bridge system for a field support vessel a Norwegian shipyard is constructing for a giant gas project operated by Romanian’s integrated ene

about 2 years ago
Horisont Energi looking for partner(s) for Barents Sea CO2 exploration license as ORLEN withdraws
Low-Carbon Transition

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

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
Low-Carbon Transition

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
Protesters holding a "Stop fossil subsidies" banner
Low-Carbon Transition

Climate protesters in Brussels demand EU-wide end to gov’t support for fossil fuels, warning of ‘ecological and social collapse’

United for Climate Justice (UCJ), a platform of climate and social justice movements coordinating the Stop Fossil Subsidies campaign, has held a protest in Brussels urging EU leaders to put an end to state funding of fossil fuels.

about 2 years ago
A view of pipes seemingly located offshore at sunset
Low-Carbon Transition

Eni recommits to slashing emissions in its first methane report

Italy’s energy giant Eni has published its first report dealing with methane emissions aiming to reaffirm its promise to reduce methane slip and increase transparency.

about 2 years ago
AHTS Normand Prosper; Source: Solstad Offshore
Low-Carbon Transition

Solstad enriches its green shipping quest with renewable fuel as biodiesel-powered vessel puts rig’s mooring spread in place

Solstad Offshore has embraced another decarbonization tool to expand its zero-emission shipping toolbox by turning to renewable biodiesel (HVO) to bunker an anchor handling tug supply (AHTS) vessel before it embarked on its assignment related to a semi-submersible rig off the coast of Norway.

about 2 years ago
Illustration; Source: TotalEnergies
Low-Carbon Transition

TotalEnergies empowering oil & gas and renewables arsenal with up to $90 billion by 2030 as LNG remains crown jewel of its multi-energy mission

TotalEnergies is continuing to push forward its multi-energy strategy as it works on balancing the transition to low-carbon and green sources of supply and the attempts to fortify energy security scales.

about 2 years ago