Storegga to progress Acorn CCS project after completing funding round
Storegga Geotechnologies is to give the Acorn carbon capture and storage (CCS) project a financial boost after securing additional capital.
CCS
China’s Sinopec is rolling out world’s biggest hydrogen network
Sinopec aims to massively expand its hydrogen refuelling network as the state-owned oil giant, which has the potential to become one of the world’s largest hydrogen producers, attempts to carve out a role in China’s transition to cleaner energy.
Saipem targets CCS expansion with new collaboration agreement
Oilfield services company Saipem is exploring opportunities in the carbon capture and storage (CCS) space with a new collaboration agreement.
UK Government moves ahead on carbon capture projects
On 10 February 2021 the UK Government published a consultation paper seeking views on an approach to sequencing the deployment of carbon capture, usage, and storage (CCUS) clusters.
Petronas cautiously eyes green energy transition
Malaysia’s Petronas is almost doubling its yearly capital investment spend on new energy initiatives this year as it eyes a slow measured diversification away from the traditional oil and gas business.
Exclusive: Mozambique, TCRK Energy launch hydrogen work
Mozambique state-owned Empresa Nacional de Hidrocarbonetos (ENH) has formed a joint task force with TCRK Energy, backed by serial Mozambique entrepreneur Tom Bruton, to investigate blue hydrogen opportunities.
Shell warns of LNG under-investment
Demand for LNG will continue rising, Shell expects, leading the company to warn of a supply shortage by the mid-decade.
Oxy makes Abu Dhabi find
Occidental Petroleum has made another discovery in Abu Dhabi’s Block 3, the company revealed during a quarterly results conference call.
Floating offshore wind could be massive in Asia
The floating offshore wind power market in Asia Pacific could offer investment opportunities worth up to $58 billion as a significant market for the technology is emerging, latest research from Wood Mackenzie shows.
Tlou plans carbon neutrality at CBM project
Tlou Energy intends to make its Lesedi power project carbon neutral, by growing vegetation around its Botswana site.
Coal use set to surge in India despite renewables boom
Coal-fired power generation is projected to surge in India as the expanding wave of renewable energy capacity cannot keep up with electrification growth in the South Asian country, home to the world’s second biggest population.
AGR signs agreement to help support Norway’s CCS strategy
AGR has extended its collaboration with the Norwegian government to help support the country’s carbon capture and storage strategy.
Australia, Japan and Vietnam lead renewable energy shift in Asia Pacific
Australia, Japan and Vietnam are leading the shift to renewable energy in Asia Pacific, according to the latest research from IHS Markit. Significantly, coal and gas power plants are also being built at a brisk pace as part of the energy mix across the region.
UK Government launches CCUS consultation
The UK Government is seeking views on its proposed carbon capture, utilisation and storage (CCUS) strategy.
China to support Myanmar renewables growth after coup
Myanmar’s transition towards renewable energy sources will face near-term headwinds after the recent military coup. However, analysts are more optimistic over the medium to longer term given the dominance of Chinese companies in the sector.
IEA sees $1.4 trillion clean energy opportunity in India
India is set for the largest increase in energy demand of any country over the next 20 years. This underscores the potential for policies and investment to accelerate the clean energy transition, the International Energy Agency (IEA) said in a new report.
QP takes LNG FID, hands win to Technip, Chiyoda
Qatar Petroleum (QP) has taken the final investment decision (FID) for the world’s largest LNG plant, which will increase the country’s production to 110 million tonnes per year.
Carbon tax failing to tackle South African emissions
South Africa’s carbon tax fails to provide a sufficient deterrent to emitters, PwC has said in a recent report.
Asia Pacific offers plenty of subsea opportunities
The Asia Pacific region offers plenty of opportunities for the UK’s subsea engineering sector, both in the traditional oil and gas business, as well as the rapidly expanding renewable energy industry, reckons Subsea UK.
Australia’s $26bn renewable power opportunity
Australia could offer a $26 billion renewable power generation investment opportunity this decade if the government can implement an ambitious long-term Renewable Energy Target (RET) to reverse a slowdown in wind and solar spending.
ExxonMobil in discussions to support Aberdeenshire CCS project
One of the world’s biggest oil and gas firms is in discussions to support an Aberdeenshire carbon capture and storage (CCS) project.
North-east carbon capture group determined to plot a net-zero future
“I’m really not that interested in creating a glossy report. What I want is solid concept engineering; here is a tool that allows industrial sites to look at the options and start this journey to decarbonisation.”
Oxy delivers world-first carbon neutral crude to India
Occidental Petroleum has delivered a first shipment of carbon-neutral oil to Reliance Industries, in India.
Storegga on track to make FID on Acorn project in early 2022
Storegga Geotechnologies is on course to make a final investment decision (FID) on a trailblazing carbon, capture and storage (CCS) project in the first half of next year.
UK sets out renewable Africa hopes at summit
The UK has grand hopes to extend its links with Africa, particularly in the renewable space where there is clear scope for facilitating investments and supporting increased generation.