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(OE) SLB has agreed to combine its carbon capture business with Aker Carbon Capture (ACC). The combination will leverage ACC’s commercial carbon capture product offering and SLB’s new technology developments and industrialization capability. SLB says it will create a vehicle for accelerating the introduction of disruptive early-stage technology into the global market on a commercial,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding with Mitsui & Co. (Brasil) S.A. for a non-binding assessment of low-carbon business opportunities in Brazil. The agreement was signed during CERAWeek, a global energy conference being held in Houston, USA. The partnership involves evaluating potential opportunities for the production of... Continue Reading →
(Reuters) Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas. Big oil companies including BP and Equinor have written down renewable energy projects and others have... Continue Reading →
Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history. (OE) Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood. A lack of suitable multiphase flow assurance models has meant that past CCS projects have... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with the aim of studying potential mutually beneficial business models in the low carbon economy with Arcelor Mittal Brasil. The companies will seek to identify commercial opportunities and potential partnerships in Brazil that are aligned with diversification and decarbonization strategies.... Continue Reading →
The platform ship Marechal Duque de Caxias left Yantai, China, today, February 24, heading for the Mero field, operated by Petrobras, in the pre-salt Santos Basin. The platform will start operating in September of this year and has the capacity to produce up to 180,000 barrels of oil and compress up to 12 million cubic... Continue Reading →
(OE) Brazilian state-run oil and gas company Petrobras has hired Kanfa, a fully-owned subsidiary of Technip Energies, to conduct a carbon capture and storage (CCS) study for its offshore assets. With the study, Petrobras aims to get a thorough understanding of the technology and get a confirmation that it is technically and economically feasible to... Continue Reading →
(OET) Within its 2024 Business Strategy and Development Plan, China’s oil and gas giant CNOOC Limited has outlined a set of objectives for the year ahead. With energy demand on the rise, the Chinese giant has unveiled intentions to step up oil and gas production, bolster its hydrocarbon reserves, and scale up natural gas exploration... Continue Reading →
(OET) In a bid to propel the development of four oil projects forward, Angola-based Azule Energy, a joint venture between BP and Eni, has set its cap on using a digital design and visualization platform from FutureOn, a Norwegian software company specializing in the energy sector, which allows the latter to gain its first foothold in... Continue Reading →
(OET) 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 implements the projects, particularly in France, by leveraging the combined expertise and experience of our... Continue Reading →
Brazil Energy Insight 