MILAN, ITALY (By Eni, 18.Aug.2025, Words: 419) — Eni and Global Infrastructure Partners (GIP), a global infrastructure investor and a part of BlackRock, signed an agreement related to the sale of a stake of 49.99% in Eni CCUS Holding – a leading global player in the CCUS sector (carbon capture, […]
Tag: CCUS
Indonesia’s Tangguh LNG project reaches $7bn FID
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Nov.2024, Words: 259) — The joint venture (JV) partners of the Tangguh LNG Project led by bp, the project operator, have reached a Final Investment Decision (FID) on the Tangguh Ubadari, CCUS, Compression (UCC) Project, a $7bn initiative. Tangguh LNG will have a […]
CCUS Growth Challenged by Current Economics
(WoodMac, 10.Oct.2024) — Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Peter Findlay, research director and head of CCUS economics for Wood Mackenzie, said that despite a growing market for carbon capture, utilization and storage (CCUS), economics remain challenging, and many potential projects are at risk. […]
Gerdau and Petrobras Ink Deal for Low-carbon Business Studies
(Petrobras, 9.Sep.2024) — Petrobras has signed a Memorandum of Understanding (MoU) with Gerdau S.A., aimed at evaluating commercial opportunities and potential partnerships in decarbonization projects; low carbon fuels; hydrogen and its products; carbon capture, utilization and storage (CCUS); as well as R&D projects related to the integrity of materials in a […]
Petrobras Releasing Digital Tool that Stimulates Reduction in CO2 Emissions
(Petrobras, 12.Aug.2024) — The GIS CCUS Brasil platform gathers all public information on carbon capture and storage (CCUS) in Brazil on a single website. It is online and free and provides essential data to set up new projects, such as the amount of CO2 emitted, existing national infrastructure, and potential reservoirs […]
Petrobras, Findes, and Govt of EspÃrito Santo Ink Protocol for CCSÂ
(Petrobras, 6.Aug.2024) — Petrobras signed a protocol of intentions with the State Government and Federação das Indústrias do EspÃrito Santo (Findes) to study CCUS and low-carbon hydrogen projects. One of the goals is to assess the feasibility of implementing a CCUS HUB and facilities to produce low-carbon hydrogen for decarbonizing the […]
Petrobras Inks Protocol of Intentions with the Government of Rio de Janeiro
(Petrobras, 18.Jun.2024) — Petrobras, on 18 Jun. 2024, signed a Protocol of Intentions with the Government of the State of Rio de Janeiro to carry out joint studies to feasibility of implementing an offshore wind energy pilot project. The agreement provides for the establishment of cooperation mechanisms, with the alignment […]
Technip and Turner Awarded Contract by ExxonMobil for Louisiana CCS Project
(Technip, 6.Jun.2024) — Technip Energies (PARIS:TE), in consortium with Turner Industries, has been awarded the Engineering, Procurement, and Construction (EPC) contract by ExxonMobil Low Carbon Solutions Onshore Storage LLC. Technip Energies will oversee the engineering and procurement while Turner Industries will be responsible for the construction. The contract covers ExxonMobil […]
1PointFive and Trafigura Announce DAC Credit Agreement
(1PointFive, 16.Jan.2024) — 1PointFive, a carbon capture, utilization and sequestration (CCUS) company, and Trafigura, a market leader in the global commodities industry, announced that Trafigura has agreed to purchase carbon dioxide removal (CDR) credits to be produced from 1PointFive’s first industrial-scale Direct Air Capture (DAC) facility, STRATOS, which is currently […]
CGG and C-Questra Ink CCUS Cooperation Deal
(CGG, 9.Jan.2024) — CGG, a global technology and HPC leader, and C-Questra, an independent European operator specializing in the CO2 storage value chain, have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS). CGG has more than 15 years of experience supporting a number of high-profile CCUS […]
China’s Solar Production Costs Fall by 42% in Last Year
(WoodMac, 14.Dec.2023) — The cost of producing solar modules in China has dropped by 42% in the last 12 months to US$0.15 per watt (/W) giving manufacturers in the country an enormous cost advantage over international rivals according to a new Horizons report from Wood Mackenzie.  The report: ‘Top of […]
Petrobras Inks Deal to Install CO2Â CCUS Hub
(Petrobras, 4.Dec.2023) — Petrobras has signed, this Sunday (03/12/2023), at COP-28, in Dubai, a protocol of intentions with the Government of the State of Rio de Janeiro for the joint evaluation of the implementation of pilot projects for a CO2 capture and storage hub (the so-called CCUS) in the State of […]
UK to Struggle to Meet Ambitious 2030 CCUS Targets
(WoodMac, 5.Sep.2023) — The global CCUS project pipeline is buoyant but scaling up needs concerted and consistent effort from governments. Only a handful of countries have policy and regulation ready to adopt CCUS today and the United Kingdom (UK) is one of them, says Mhairidh Evans, Head of CCUS Research […]
Petrobras Executes First Purchase of Carbon Credits
(Petrobras, 5.Sep.2023) — Petrobras has acquired 175,000 carbon credits, marking its entry into the voluntary carbon credit market. Each credit represents 1 ton of CO2 equivalent avoided, totaling 175,000 tons of greenhouse gases (GHG) not emitted. These credits correspond to the preservation of an area of 570 hectares of the Amazon […]
Can We Bury Carbon? [VIDEO]
(OMW, 27.Jun.2023) — What if we could mitigate the effects of global warming by trapping greenhouse gases at their source and putting them deep underground so they never get into the atmosphere? Well, it turns out we can. The technology is called Carbon Capture and Storage (CCS). Olivier Point, geoscientist and senior […]
CGG Awarded OMV Contract for Multi-Year Dedicated
(CGG, 23.May.2023) — CGG has been awarded a new contract by OMV to continue operating a dedicated center at its head office in Vienna for an initial three-year period. During this time, OMV will continue to benefit from in-house access to CGG’s advanced seismic imaging and reservoir characterization technology, as […]
Petrobras and Shell Ink MOU during CERAWeek
(Petrobras, 9.Mar.2023) — Petrobras announces that its CEO Jean Paul Prates, and Wael Sawan, Shell‘s CEO, signed today a Memorandum of Understanding, during CERAWeek, in Houston, in order to encourage discussion and collaboration between the companies. The companies will work together on identifying potential upstream opportunities, sharing experience and best […]
Grey, Blue, Green Hydrogen: Colours to cut Trinidad’s Carbon Emissions
(Trinidad and Tobago Newsday, 16.Oct.2022) — This is part two of a Climate Tracker inquiry into Trinidad and Tobago’s energy transition. The first article was published on October 9. To date, this country produces grey hydrogen, which is hydrogen created from natural gas. Sunday Newsday spoke to Dr Vernon Paltoo, […]
Air Liquide, Chevron, Keppel and Petrochina Form CCUS Consortium in Singapore
(Chevron, 21.Sep.2022) — Air Liquide, Chevron, Keppel Infrastructure and PetroChina (1) signed a memorandum of understanding to form a consortium which will aim to evaluate and advance the development of large-scale carbon capture, utilization, and sequestration (CCUS) solutions and integrated infrastructure in Singapore. The consortium intends to research, test, and […]
CCUS Planned Capacity Nearing 1 Billion Tonnes Per Annum
(WoodMac, 26.Aug.2022) — The planned global carbon capture, utilisation and storage (CCUS) capacity pipeline has reached 905 million tonnes per annum (mtpa), with more than 50 new projects announced this quarter, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). These findings come from Wood Mackenzie’s ‘CCUS Market Update for Q2 2022’ […]
CGG and Kent Announce Carbon Capture & Hydrogen Partnership
(CGG, 5.Apr.2022) — CGG, a global technology leader in geoscience, has announced a strategic partnership with Kent, a leading energy services engineering company, to work together on realizing decarbonisation opportunities through CCUS development and hydrogen production and supply. CGG and Kent will be providing customers in the energy and industrial […]
Equinor, Battelle to Explore Appalachian Basin CCS Potential
(Equinor, 1.Feb.2022) — Equinor has signed a memorandum of understanding (MOU) with leading science and technology firm Battelle to advance development of a decarbonized regional energy cluster in the tri-state region of Ohio, Pennsylvania, and West Virginia. “Our regional hub vision will meet tomorrow’s energy demands while maintaining America’s industrial […]
CCUS and Upstream Production in Brazil
(IHS Markit, 9.Dec.2021) — The following provides a brief overview of selected reports in the Upstream Costs and Technology, Latin America Costs and Technology Supply Chain Service from November 2021. Petrobras has one of the three largest (if not the largest) carbon capture, utilization, and storage (CCUS) projects in operation […]
Day 1: Energy Efficiency And Renewables Event Trinidad
(Energy Analytics Institute, 1.Feb.2021) — The Energy Efficiency and Renewables Conference 2021 hosted by the Energy Chamber of Trinidad and Tobago was broadcast virtually from 1-3 February 2021 from Trinidad. Keys details from Day 1 follow. DAY 1 Comments From Trinidad And Tobago’s Minister Of Energy And Energy Industries Franklin […]