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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Chevron Technology Ventures has joined a consortium in a $16-million investment in a company that provides portable carbon-capture technology. -
A new study will identify the UK’s best sites and produce a roadmap for carbon storage to help the country reach its net zero targets, geologists say.
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North Sea operators BP, Shell, and Total have begun an effort to fuel their platforms using sustainable power sources through a connection with Norway’s onshore power grid, which is driven almost wholly by renewable energy.
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BP says it is firmly committed to achieving the ambitious target of net-zero greenhouse gas emissions over the next 30 years—even if that means producing less oil and gas.
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In the US Energy Information Administration’s Annual Energy Outlook 2020 reference case, which assumes no new laws and regulations, US energy-related carbon dioxide emissions decrease through the early 2030s before increasing to 4.9 billion metric tons in 2050.
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ExxonMobil is planning to build and operate a carbon capture facility in southwest Wyoming, according to a permit application filed with the state's environmental regulatory agency in January.
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Carbon storage is perhaps the only viable option for reducing carbon to the levels that many governments have agreed are important, and EOR is the only proven technology that can be made ready in the time and at the scale required to accomplish this reduction worldwide.
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The Swedish oil and gas producer is aiming to produce 200,000 B/D while offsetting the entirety of its carbon footprint.
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The companies will focus on research and development to reduce CO2 emissions and promote the circular economy.
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As the pressure to act on climate change builds, the industry should consider a range of options.
