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Low-Carbon Transition

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Illustration; Source: OMV
Low-Carbon Transition

Arbitration win against Gazprom enables OMV to take €230M plus interest and costs home

OMV has managed to get the upper hand in the arbitration case against Gazprom Export, a subsidiary of Russia’s gas giant Gazprom, over the latter’s alleged irregular gas supplies to Germany.

about 1 year ago
Norwegian
Low-Carbon Transition

Norwegian and Greek firms team up on joint CO2 corridor project between Norway and the Netherlands

Norwegian clean energy company Horisont Energi and ECOLOG, a Greek mid-stream carbon capture, utilization and sequestration (CCUS) service provider, have entered into an agreement to ‘advance’ the development of a carbon dioxide (CO2) corridor between Norway and the Netherlands. As disclosed, the pr

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about 1 year ago
US targets viable climate solutions with launch of strategy for marine CO2 removal research
Low-Carbon Transition

US targets viable climate solutions with launch of strategy for marine CO2 removal research

The U.S. White House and the National Oceanic and Atmospheric Administration (NOAA) have released a national strategy for marine carbon dioxide removal (mCDR) research, which outlines how research could be safely and effectively accelerated, helping determine if emerging approaches are viable climat

about 1 year ago
Fast4Ward design; Source: SBM Offshore
Low-Carbon Transition

SBM Offshore and Technip Energies to breathe life into ‘all-electric’ FPSO for TotalEnergies’ $10.5B oil project

TotalEnergies has put the Netherlands-based SBM Offshore and the French engineering player Technip Energies in charge of a floating production, storage, and offloading (FPSO) for its new oil development project in Block 58 off the coast of Suriname.

about 1 year ago
Bay du Nord FPSO development concept; Source: Equinor
Low-Carbon Transition

Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts?

Canada has come up with draft regulations to set a greenhouse gas (GHG) pollution cap for the oil and gas industry. The government claims the latest regulatory tool in the raft of measures that are part of its wider climate plan will limit pollution, drive innovation, and create jobs. However, those

24 minutes read
Sur plant; Source: Oman LNG
Low-Carbon Transition

US firm snaps up FEED job on LNG expansion project tackling energy trilemma

KBR has secured a front-end engineering design (FEED) deal to boost a liquified natural gas (LNG) arsenal at a project on the southeastern coast of the Arabian Peninsula in the Middle East.

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

Shell emerges victorious from battle to overturn ruling in historic climate litigation case

Shell, now headquartered in the UK and not the Netherlands as was the case during the original ruling, has welcomed its new legal win, which overturns the decision that ordered the energy giant to step up its carbon emissions reduction game.

about 1 year ago
Load-out of FCS for Jansz-Io compression project; Source: Hanwha Ocean
Low-Carbon Transition

WATCH: South Korean shipyard wraps up load-out ops for key element of Chevron’s gas project

Hanwha Ocean is closing in on the sail-away of a field control station (FCS), destined for a subsea gas compression development off the coast of Western Australia.

about 1 year ago
Aker BP's CO2 storage licenses peer reviewed by ABL firm
Low-Carbon Transition

Aker BP’s CO2 storage licenses undergo technical peer review by ABL firm

Norway’s AGR, part of the energy and marine consultancy group ABL Group, has delivered a technical peer review of two carbon storage licenses in the Norwegian North Sea for compatriot E&P company Aker BP. AGR conducted an independent third-party technical peer review of the EXL005 Poseidon license,

about 1 year ago
Final preparations for OEEC 2024 underway
Low-Carbon Transition

Final preparations for OEEC 2024 underway

Offshore Energy Exhibition & Conference 2024 (OEEC 2024) is coming up this month. Work on the event is at full steam at Navingo (the company behind OEEC and Offshore-Energy.biz brands) with final tweaks and preparations underway. The exhibition floor has been almost completely booked and visitors ar

about 1 year ago
North Sea; Source: OEUK
Low-Carbon Transition

Wheels up to change rules of oil & gas game in UK waters while windfall tax hike gets green light

The United Kingdom (UK) plans to embark on consultations to come up with new environmental guidance for offshore oil and gas projects in the aftermath of the recent Supreme Court ruling.

13 minutes read
Chevron's Anchor deepwater project in Gulf of Mexico; Source: Chevron
Low-Carbon Transition

Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips get their hands on total profits of more than $29 billion

European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, Norway’s Equinor, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have posted strong sets of results even though they collected around $4.7 billion less in combined profit during th

14 minutes read
Rendering of gravity-based structure (GBS) design (for illustration); Source: Aker Solutions
Low-Carbon Transition

Crown taking charge of LNG import terminals in UK and India

Crown LNG has concluded acquisition agreements related to two liquefied natural gas (LNG) import terminal projects, one in India and the other one in Scotland’s Firth of Forth.

about 1 year ago
PNG LNG; Source: ExxonMobil PNG
Low-Carbon Transition

NOC’s enlargement of its share in ExxonMobil’s project enables Chevron to get more LNG

Kumul Petroleum Holdings Limited (KPHL), the national oil company (NOC) of Papua New Guinea, has put the finishing touches on its acquisition of an additional stake in ExxonMobil’s liquefied natural gas (LNG) project located in Oceania.

about 1 year ago