Decarbonization
A DNV report on decarbonization says the Middle East and North Africa region is expected to become the world’s largest hydrogen exporter by 2060 while maintaining a dominant position in global oil and gas markets.
A final investment decision is also expected by the end of the year for the company’s first low-carbon data center project.
The North Sea Transition Authority has updated its UKCS Well Applications and Consents Guidance to include the process for applying for consent to drill carbon-storage wells.
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The road to a low-carbon world is paved with more than just shiny new facilities and the promise to deliver impressive CO₂ reductions from the atmosphere. Without the software to site, monitor, and maintain those facilities, the drive for net zero would be stuck in neutral. -
This paper aims to close some of the many knowledge gaps that exist in the field of drilling CO₂ storage wells, a task that is expected to involve handling an influx of CO₂ into the drilling fluid.
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Consulting and engineering firm Wood is leading a joint industry partnership to create industry guidelines for carbon dioxide specifications to accelerate sustainable carbon capture, use, and storage projects.
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The $220-million carbon capture and storage project is one of the world's largest, with a nameplate injection capacity of 1.7 mtpa.
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The agreement with state officials comes more than 3 years after the supermajor proposed building the world's largest carbon storage hub offshore the Houston area.
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DNV’s Energy Transition Outlook 2024 projects continued growth in solar; slower growth in wind; and declines in coal, oil, and gas, while hydrogen and carbon capture projects are struggling.
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Occidental’s 1PointFive will receive up to $500 million from the Office of Clean Energy Demonstrations for the carbon-capture facility in south Texas.
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The Ravenna CCS project will capture, transport, and store carbon-dioxide emissions from Eni’s natural gas treatment plant in Casalborsetti, Italy, estimated to be approximately 25,000 tonnes per year.
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This paper describes installation of autonomous inflow control valves in the Bretaña Norte field in Peru, enabling effective water control even though the trial well was placed in the flank, close to the oil/water contact.
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This update highlights efforts to electrify oil and gas assets and deliver clean energy to remote, underserved communities. But the big question remains: Can we really achieve net zero emissions by 2050?
