decarbonization

The plant is designed for a capture capacity of up to 36,000 tons of CO₂ per year once in full swing by filtering CO₂ from the air and storing it permanently underground. The company is also developing multiple megaton hubs in the US.

The updated joint development agreement allows the companies to carve out new markets while they complete pilot testing at a demonstration plant in the Netherlands.

A pilot project will explore onboard carbon capture for container ships, and two heavy-hitters are teaming up to find decarbonization paths in the Asia Pacific region. Elsewhere, wind and solar are on track to pass coal in the race to generate electricity.

For today’s oil and gas companies, digital twins offer untapped potential to decarbonize the leading source of their emissions—field production.

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.