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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Seven years, and we’re on track to exceed the 1.5°C target established by the Paris Agreement in 2015 to limit global warming by 2030. Instead, we may be turning up the heat to 3.0°C. And in this case, doubling the wager does not hold potential for greater rewards. A recent report addressed the costs of technologies for emissions mitigation and their likelihood of mak… -
The US oil and gas company said it signed a letter of intent with the US midstream operator to explore commercializing a CO2 transportation and storage network.
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Companies want to build pipelines to capture and store carbon, but a new report warns that regulators aren’t prepared.
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Gas flaring, which accounts for 30% of carbon emissions from fossil-fuel operations, dropped globally to a 10-year low in 2021, but questions remain whether 2022 will see a rebound as the industry reboots in a post-COVID-19 world with oil and gas supplies tightening.
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Any effective system of greenhouse-gas accounting needs to measure each company’s supply-chain carbon impacts accurately, providing visibility and incentives for it to make more climate-friendly product-specification and purchasing decisions.
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ExxonMobil has initiated front-end engineering design studies to determine the feasibility of developing a South East Australia carbon capture and storage hub in the Bass Strait, where some of Australia’s oldest offshore oil and gas fields are to be decommissioned.
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Supermajors continue to align their goals with a net-zero future while strides are made across the globe to add CCS, solar, and wind projects to help achieve ambitious green energy goals.
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Oxy aims to combine crude oil with environmental attributes generated from the sequestration of atmospheric CO2 captured with its planned direct-air-capture plant and sequestered in its enhanced-oil-recovery reservoirs in the Permian Basin.
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Research conducted by Rystad Energy indicates that spending on carbon capture and storage will quadruple in the next 3 years.
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New lease agreements have secured more than 700 million metric tons of potential CO2 sequestration capacity.
