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Low-Carbon Transition

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Fossil EnergyFPSO & VesselsOil & GasBusiness & FinanceBusiness Developments & ProjectsEnvironmentExploration & ProductionVesselsLiquefied Natural GasTransitionSubseaSurveys & InterventionsCarbon Capture Usage & StorageCollaborationMarket OutlooksOutlook & StrategyProject & TendersAutomationInfrastructureIT & SoftwareTechnologyAuthorities & GovernmentRegulation & PolicyRigsRules & RegulationStorageVision
Sattelite photo showing the 2021 oil spill off the coast of Baniyas, Syria; Credit: Planet Labs
Low-Carbon Transition

More than 750 oil slicks spotlight pollution risks in Mediterranean Sea

757 oil slicks, covering 1.9 million hectares in the Mediterranean Sea, have been identified between July 2020 – January 2024.

about 2 years ago
Outer Harbor project site in February 2024; Source: Venice Energy
Low-Carbon Transition

World’s first renewable-powered floating LNG import terminal closing in on new partners amid ‘strong’ interest

Venice Energy is holding formal talks with multiple potential partners with ties to the U.S. and Asia to secure the future of a proposed LNG import terminal project in South Australia.

about 2 years ago
SLB closes joint venture with Norwegian carbon capture company
Low-Carbon Transition

SLB closes joint venture with Norwegian carbon capture company

American oilfield services company SLB and Norwegian pure-play carbon capture company Aker Carbon Capture (ACC) have completed their previously announced joint venture, which includes ACC’s sale of 80% of its shares in Aker Carbon Capture Holding (ACCH) to a subsidiary of SLB. It was announced in Ma

about 2 years ago
Rendering of Rio Grande LNG; Source: NextDecade
Low-Carbon Transition

Another 20-year offtake deal for US project as Aramco bolsters its LNG arsenal

Aramco has inked non-binding heads of agreement (HoA) with NextDecade for a multi-year LNG sale and purchase agreement (SPA) for offtake from an LNG project in Texas.

about 2 years ago
FSRU Excelsior; Source: Excelerate
Low-Carbon Transition

Installation jobs for Germany’s Wilhelmshaven 2 LNG terminal go to Norwegian and French firms

ECOnnect Energy has been hired to install a jettyless ready IQuay solution for LNG import to Wilhelmshaven.

about 2 years ago
ADNOC
Low-Carbon Transition

Go-ahead for ADNOC’s huge LNG project prompts $5.5 billion deal for its development

ADNOC has made a final investment decision (FID) for its giant liquefied natural gas (LNG) project, which is envisioned as a lower-carbon intensity development.

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

DNV spotlights digital twin’s ability to give a shot in the UK’s energy transition arm

A new report from DNV has examined the role digital twins can play in helping the UK attain its net-zero objectives.

about 2 years ago
Gorgon; Source: Chevron
Low-Carbon Transition

Go-ahead for Chevron to move forward with ops designed to sustain gas project’s production levels

Chevron has received a green light for activities designed to help maintain the current production rates at its natural gas project offshore Australia.

about 2 years ago
Illustration; Source: ADNOC Logistics and Services
Low-Carbon Transition

Twofold increase in LNG vessel orders playing out against the backdrop of elevated newbuilding prices

The number of LNG newbuilding values is perceived to be at a record high with twice as many newbuild orders in 2024 as there were last year.

about 2 years ago
EnergyPathways
Low-Carbon Transition

UK firm set on getting hold of gas storage license in its East Irish Sea project area

EnergyPathways has confirmed its interest in acquiring a gas storage license situated in the same area as its undeveloped gas field in the East Irish Sea.

about 2 years ago
Global heatmap of proposed LNG expansion; Source: Earth Insight
Low-Carbon Transition

Climate report labels planned $1 trillion LNG infrastructure expansion as ‘one way ticket to stranded assets’

The global plan to spend over $1 trillion on new LNG infrastructure could slow down the net-zero agenda, Earth Insight’s report suggests.

about 2 years ago
During their protest against drilling ops, Greenpeace activists were circling the Prospector 1 jack up rig about 20 kilometers northwest of the island of Borkum; Source: Greenpeace
Low-Carbon Transition

Court hearing coming up this week: Go-ahead or more hiccups for North Sea gas project?

After hitting another snag due to a court-ordered temporary halt of operations, a gas project in the North Sea is awaiting outcome of court hearing.

about 2 years ago
Hywind Tampen floating wind farm and Snorre platform; Source: Equinor
Low-Carbon Transition

Energy transition needs to pick up the pace to counter uncertainty over net zero targets

Equinor has highlighted that the speed and scale of the energy transition have to increase to reach the 1.5-degree ambition by 2050.

about 2 years ago
Norway's Energy Ministry launches seventh call for CO2 storage licenses
Low-Carbon Transition

Norway’s Energy Ministry launches seventh call for CO2 storage licenses

Three new areas for CO2 storage are up for grabs in the North Sea offshore Norway, representing the seventh time acreage is being announced for CO2 storage on the Norwegian Continental Shelf (NCS). The Norwegian Ministry of Energy announced on June 6 that it was inviting interested companies to appl

about 2 years ago
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