The contract will deliver a carbon capture plant, a liquefaction system, temporary storage, and loading facility at the waste incineration site. It also includes an intermediate CO2 storage and ship loading system at Oslo harbor.
Flowserve has been awarded a contract to supply Dry Gas Seals and Dry Gas Seal Systems to support a groundbreaking initiative for ADNOC. ADNOC’s large-scale CCS project aims to capture 1.5 million tons of carbon dioxide annually.
Saudi Arabian Oil Co. (Aramco) has signed a shareholder agreement with two companies to build a carbon capture and storage (CCS) hub in Saudi Arabia with an initial capacity of nine million metric tons per annum (MMtpa).
On 23 July 2024, the Commission published revised Guidance Documents (GDs) supporting the implementation of Directive 2009/31/EC on the geological storage of carbon dioxide (CCS Directive). These updates were prepared with the support of an independent energy expert and assurance provider DNV, and aim to streamline permitting procedures and support sustainable CO2 storage solutions in the European Economic Area (EEA).
Image: 123RF
Blue hydrogen and LNG import-reliant gas-CCUS projects could derail the UK’s net zero target and exhaust the carbon budget, Carbon Tracker analysts have reported.
Australia’s federal resources minister Madeleine King acknowledges the political situation in the nation’s upper house of parliament the Senate prevents any deal to clarify consultation requirements for the nation’s offshore oil, gas, carbon capture and storage (CCS) and renewables sectors.
Exxon Mobil Corporation (NYSE:XOM) and state energy firm Pertamina reportedly plan to perform appraisal drilling for a carbon capture and storage (CCS) hub in Indonesia.
The companies partnered for preliminary work to design a commercial model for the Asri Basin Project CCS hub, reported Reuters.
The companies have signed an agreement outlining preliminary work to design a commercial model for the Asri Basin Project carbon capture and storage (CCS) hub.
A new report published by independent research and business intelligence company, Rystad Energy shows the oil and gas sector’s supply chain possesses between 60 to 80% of the capabilities required to develop the UK’s low carbon energies, but targeted investment is vital to capture the potential of an estimated £150 billion opportunity.
The ratio of discovered resources versus demand has dropped in recent decades and is now at around 25%.
Oxy CEO Hollub: “2025 and beyond is when the world is going to be short of oil.”.
Oil industry executives have been warning that new resources, new investments, and new supply will be needed just to maintain the current supply levels as older fields mature.