Energy players in Brazil enter joint R&D project to leverage digital ways in transition to net-zero

Offshore energy companies in Brazil have come together for a joint industry research and technology development project focused on addressing technologies to reduce carbon emissions. The project named i-Concept JIP Phase 2 focuses on the development of applied computational modules to generate and rank offshore conceptual systems, addressing technologies to reduce carbon emissions and creating... Continue Reading →

September 16, 2022 0

U.S. sets target for floating offshore wind farms expansion

(Reuters) - The Biden administration on Thursday unveiled a plan to accelerate development of next-generation floating offshore wind farms by slashing the cost of the technology by 70% and setting a goal for it to power 5 million U.S. homes by 2035. The announcement was the latest in the White House's push to bolster the... Continue Reading →

September 15, 2022 0

Technip Energies and Mitsui OSK line up for ground-breaking offshore CCS hub

France-headquartered Technip Energies and Mitsui OSK Lines of Japan are in the frame for a key contract for a planned carbon dioxide floating storage and injection hub facility offshore Australia. A letter of intent covering engineering, procurement and construction and operation of the facility was issued by Perth-based CCS developer deepC Store (dCS) in relation... Continue Reading →

September 14, 2022 0

The U.S. oil executive making a big bet on combating climate change

(Reuters) - The chief executive of a small U.S. oil company has jumped to the forefront of the energy industry's greenhouse gas reduction efforts, recruiting high-profile firms to his vision of striking it big by selling access to carbon storage developments. Tim Duncan, the founder of Talos Energy Inc (TALO.N), a decade-old offshore oil firm with... Continue Reading →

September 14, 2022 0

API: American oil & gas as ‘reliable and realistic partners’ of renewables and energy security

As the global energy crisis grips the world in its clutches, taking it by storm, the American Petroleum Institute (API), a trade association representing the oil and gas industry, is advocating for a ramp-up of the U.S. oil and gas production not only as a solution to the energy security concerns plaguing the world at large... Continue Reading →

September 6, 2022 0

Petrobras eyes carbon capture and storage solutions for Brazilian industry in change of stance

(U) Petrobras is considering the potential of offering carbon capture and storage solutions for third-party industrial emissions in its native Brazil as part of a potential diversification strategy from the company’s key upstream oil and gas operations. “It’s a study we are doing right now,” Rafael Chaves Santos, executive director of institutional relations and sustainability... Continue Reading →

September 6, 2022 0

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Category: Carbon Capture/Storage