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Low-Carbon Transition - Offshore Energy

Low-Carbon Transition

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Low-Carbon Transition

Eni’s CEO portrays UK as ‘primary’ investment playground for gas, renewables, and CCS pursuits

Eni’s CEO describes the UK as a top investment destination not just for natural gas but also for renewable energy, and carbon capture and storage (CCS).

about 2 years ago

Low-Carbon Transition

Ofgem CEO: Burgeoning hydrogen and CCS industry in Teesside and Humber to yield tens of thousands of jobs

Tens of thousands of new-generation clean jobs need to be created to support burgeoning hydrogen production and the carbon capture and storage (CCS) industry in the UK’s Teesside and Humberside regions, according to Jonathan Brearley, CEO of UK energy market regulator Ofgem. Following visits to CCS

about 2 years ago

Snøhvit Future (illustration); Source: Equinor

Low-Carbon Transition

LNS picks up multi-billion deal for project designed to reinforce Norway’s gas supplier position

Equinor has hand-picked Leonhard Nilsen & Sønner (LNS), headquartered in Andøy in Nordland county, for work at its Snøhvit Future project.

about 2 years ago

Low-Carbon Transition

WoodMac’s gas and LNG trends to watch in 2024

Aside from European gas prices being down 45%, Wood Mackenzie’s forecast indicates that flat global demand is on the horizon this year.

about 2 years ago

Low-Carbon Transition

27 shareholders heap more pressure on Shell to take ‘credible’ climate action

Shell is facing additional pressure from 27 investors, who manage more than €3.9 trillion in assets, to pursue decarbonization with more vigor.

about 2 years ago

Low-Carbon Transition

With ‘high’ oil & gas activity in 2023, more exploration in frontier areas on Norway‘s wish list

Out of the 34 exploration wells spudded on the NCS last year 23 were wildcat wells, which resulted in 14 discoveries.

about 2 years ago

Illustration; Source: Türkiye Petrolleri A.O. (TPAO)

Low-Carbon Transition

Türkiye’s new energy efficiency roadmap envisions $20 billion investment by 2030

Türkiye is pulling out all the stops to fortify its energy security, including new energy efficiency roadmap and action plan.

about 2 years ago

Discriminating hydrogen colors will not get us any further

Low-Carbon Transition

Discriminating against hydrogen colors will not get us any further

Hydrogen, deemed as a connector for offshore energy markets, is yet to play a very important role, especially in hard-to-abate sectors. The energy transition and especially the hydrogen transition can be built efficiently, faster, cheaper, and with fewer emissions if we build it on existing knowledg

about 2 years ago

Low-Carbon Transition

French-Dutch cooperation targets CCUS

France-headquartered CGG and Dutch C-Questra have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS). “The purpose of the cooperation agreement is quite simply to go much faster. CGG contributes human and technological resources, while C-Questra implem

about 2 years ago

Low-Carbon Transition

ADNOC expands its carbon management footprint by investing in Storegga

ADNOC has made its first international equity investment foray in carbon management by becoming a lead investor in Storegga.

about 2 years ago

Low-Carbon Transition

Equinor’s H2M Eemshaven project to reform natural gas to hydrogen with CCS

Norwegian energy major Equinor and global industrial gases and engineering company Linde have signed a project development agreement to work as partners on the H2M Eemshaven low-carbon hydrogen project in the Netherlands. Equinor’s H2M Eemshaven project aims to build a production facility in the Eem

about 2 years ago

Polish firm becomes operator of only Barents Sea CO2 exploration license

Low-Carbon Transition

Only Barents Sea CO2 exploration license gets new operator

The Norwegian Ministry of Energy has approved PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, as operator and partner with Horisont Energi in the only CO2 storage located in the Barents Sea. Horisont Energi and PUN announced a sales purchase agreement on December 11, 2023, making PUN a li

about 2 years ago

Low-Carbon Transition

The entire energy transition needs metals increasingly, says Allseas’ Pieter Heerema

To combat climate change, the energy mix must shift from a mix that is dominated by fossil fuels, oil & gas, coal, to an energy mix that depends more on clean energy production methods. The good thing is that everyone is committed to achieving this goal. The challenge that comes with this is that a

about 2 years ago

Illustration; Source: International Energy Agency (IEA)

Low-Carbon Transition

Oil & gas alongside green and low-carbon energy: Will such a compass lead the world astray or steer it in the right direction?

Should the world aim for a balancing act to satisfy both energy security and green future aspirations or pick just one?

about 2 years ago