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(OE) Consulting and engineering firm Wood has taken charge of the Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable carbon capture, utilization and storage (CCUS) projects. The guidelines are the first of their kind to focus on the impact of impurities in CO2 across the entire CCUS value chain.... Continue Reading →
(Zacks) TotalEnergies SE TTE unveiled its long-term strategy and outlook, reaffirming the need for a balanced multi-energy strategy considering the developments in the oil, gas and electricity markets. Given the ongoing transition in the energy space, the company will generate more clean electricity from renewable sources.TotalEnergies plans to increase its global energy production by 4% per... Continue Reading →
– Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with Gerdau S.A., aimed at evaluating commercial opportunities and potential partnerships in decarbonization projects; low carbon fuels; hydrogen and its products; carbon capture, utilization and storage (CCUS); as well as R&D projects related to the integrity of materials in... Continue Reading →
(offshore-energy.biz) Given the rising expectations about oil and gas, especially liquified natural gas (LNG), being in demand even after 2050, entwining innovation and technology arms is increasingly being recognized as the right recipe to not only unleash untapped low-carbon barrels but also unlock the gates of green power. Japan’s MODEC and the UK-based Altera Infrastructure... Continue Reading →
(OE) SLB has launched a well integrity assessment solution that helps carbon storage developers quantify the risks associated with wells at prospective storage sites with previous drilling activity. Establishing secure storage sites is essential to enabling growth of CCUS and creating a low carbon energy ecosystem, says SLB. Many prospective carbon storage sites are located... Continue Reading →
(OE) Carbon Capture Utilisation and Storage (CCUS) is a crucial element in global decarbonization, but current economics limit CO2 utilisation deployment, according to a recent report from Wood Mackenzie. In Wood Mackenzie’s 2050 net zero scenario, more than 7 Btpa of CCUS capacity is needed. Currently, 500 Mtpa of planned carbon capture capacity has been... Continue Reading →
(Reuters) BP expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 it published on Wednesday. Carbon emissions, caused predominantly by the burning of fossil fuels,... Continue Reading →
(OE) Despite unprecedented energy challenges, 68% of oil and gas industry leaders have expressed optimism for sector growth in the coming year, according to the most recent survey by DNV. The latest DNV survey, The Paradox of Petroleum - How the oil and gas sector is transforming through uncertainty, gathered insights from nearly 450 senior oil... Continue Reading →
(OE) Dutch thermoplastic composite pipe (TCP) technology company Strohm has secured $21.4 million ($20 million) investment from SENCO Hydrogen Capital, aimed at boosting its growth trajectory focused on hydrogen and carbon capture utilization and storage (CCUS) applications. The partnership between the two companies also seeks to reduce carbon footprint in the pipeline infrastructure for conventional... Continue Reading →
(OE) SLB and Aker Carbon Capture (ACC) have launched a joint venture, set up to enable wider adoption of market-ready and new carbon capture and storage (CCS) technologies for power and hard-to-abate industrial sectors worldwide The new company combines technology portfolios, expertise and operations platforms to support accelerated CCS adoption for industrial decarbonization at scale.... Continue Reading →
Brazil Energy Insight 