decarbonization

An increased focus on energy security and the effects of progressive policies and gridlock in decarbonization technology are a few of the key takeaways in DNV’s 2023 Energy Transition Outlook.

The two oil producers said they may invest in industrial-scale direct air capture and other decarbonization projects in both the UAE and US.

The project aims to power subsea equipment with wave power and subsea energy storage. The two technologies have been deployed in the seas off Orkney, Scotland, and have begun a test program where they will provide low-carbon power and communication to infrastructure.

In the world of wind, Equinor has postponed its initiative indefinitely while Repsol moves ahead in Italy, and Portugal plans to auction offshore leases for wind farms.

No one expected the transition to be without hiccups, and recently, those hiccups have been heard within and outside the oil and gas industry.

The largest US oil producer laid out to investors the aims of its emerging energy transition strategy in a meeting with Wall Street.

Deployment of Mosaic DAC pilot units are envisaged for a pair of HIF eFuel facilities.

Among the outcomes from COP27 that SPE will be discussing in future meetings and publications are the participation of the oil industry in the conference, decarbonization vs. reduction, and attempts to phase out petroleum. Also, read about how SPE Energy Stream selects and presents live and on-demand programming.

Equinor has submitted a plan for development and operations with Norwegian authorities that would add gas compression and electrification to the Hammerfest LNG plant.

A recently signed memorandum of understanding is designed to let the two companies work together on digital transformation and decarbonization.