(Amerlux, 20.Nov.2024) — Amerlux, a Delta Group company with design and manufacturing expertise in performance-grade lighting, announced it would install a 1.525 MW rooftop solar system at its global headquarters and manufacturing facility. This initiative underscores Amerlux’s commitment to achieving Net Zero Energy and leadership in sustainable lighting in the […]
Tag: CO2
Northern Lights Facilities Finished, Ready to Store CO2
(TotalEnergies, 26.Sep.2024) — TotalEnergies and its partners, Equinor and Shell, announce the completion of the CO2 receiving and storage facilities of Northern Lights Joint-Venture in Norway. The facilities consist in a terminal that will receive CO2 cargos, a 100 km subsea pipeline for CO2 transportation to the offshore storage location, […]
Crescent to Develop Integrated CCS Solution for Entergy
(Energy Analytics Institute, 20.Sep.2024) — Crescent Midstream will develop and build an integrated CCS project in Lake Charles, Louisiana capable of capturing, transporting, and permanently storing CO2 emitted from an Entergy-owned natural gas-fired power plant. Through collaboration between Entergy, Crescent, SAMSUNG E&A, and Honeywell‘s carbon capture technologies, the ~$1bn project would be one of the […]
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 […]
Equinor Secures Permit for CO2 Storage in Denmark
(Equinor, 20.Jun.2024) — Equinor has been awarded its first CCS exploration permit in Denmark as operator, together with partners Ørsted and Nordsøfonden. The partnership will start surveys to assess if the onshore license in the North West Zealand can be developed into a safe CO2 storage facility. The partners were awarded permit […]
Equinor Bags Two New North Sea CO2 Storage Licenses
(Equinor, 20.Jun.2024) — Equinor has been awarded the operatorships for the development of two new CO2 storages in the North Sea. The new licenses are important building blocks for developing the Norwegian Continental Shelf into a leading area for CO2 storage in Europe. On 20 June, the Ministry of Energy announced the award […]
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 […]
Equinor and GRTgaz to Develop CO2 Transport Infrastructure in France
(Equinor, 17.Jun.2024) — Equinor and main French gas transmission operator GRTgaz signed a project development agreement (PDA) for a CO2 transport system for captured CO2 from industrial emitters in France to safe and permanent storage offshore Norway via the planned CO2 Highway Europe pipeline project. The development will consist of […]
Infinium and Kinetik Reach Innovative CO2 Utilization Deal
(Infinium, 16.Apr.2024) — Infinium, has reached an agreement with a subsidiary of midstream energy company Kinetik Holdings Inc. (NYSE: KNTK) to purchase carbon dioxide (“CO2”) captured from Kinetik’s gas gathering and processing system in the Permian Basin for use as a feedstock in the production of ultra-low carbon electrofuels (“eFuels”). Infinium […]
Equinor Swaps Onshore US Assets with EQT
(Equinor, 15.Apr.2024) — Equinor and EQT Corporation agreed to swap Equinor’s operated position in the Marcellus and Utica shale formations in Ohio for a stake in EQT’s non-operated interest in the Northern Marcellus formation. Under the transaction agreement, Equinor will sell 100% interest in and operatorship of its onshore asset […]
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 […]
Oxy and BlackRock JV to Develop STRATOS DAC Plant
(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550mn on behalf of clients in the development of STRATOS, the world’s largest Direct Air Capture (DAC) facility, in Ector County, Texas. Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form […]
CGG Joins Phase 3 of HNET Seismic Monitoring Network
(CGG, 24.Oct.2023) — CGG has joined Phase 3 of the HNET Horda Platform Region Project led by industry partners to monitor background seismicity at the Northern Lights CO2 storage project, the world’s first large-scale open-source infrastructure for receiving and storing CO2 from multiple sources and industries. As a project partner, […]
ADNOC and Occidental to Advance Direct Air Capture Project in the UAE
(ADNOC, 3.Oct.2023) — ADNOC and Occidental announced an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States (US). Highlights: — Companies to jointly fund engineering study into first megaton direct air capture facility in the […]
Oxy, ADNOC to Commence Study of a DAC Facility in the UAE
(Oxy, 3.Oct.2023) — Occidental (NYSE: OXY) announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the United Arab Emirates. The Joint Study Agreement for the DAC facility, signed at the ADIPEC […]
Eni UK Reveals Award of Second UK CO2 Storage License
(Eni, 15.Sep.2023) — Eni announces that its subsidiary in the United Kingdom (Eni UK) has been awarded a Carbon Dioxide Appraisal and Storage Licence (CS Licence) by the North Sea Transition Authority (NSTA) for the depleted Hewett gas field located 20 km offshore from Bacton, in the Southern North Sea […]
United to Buy up to One Billion Gallons of SAF from Cemvita
(United/Cemvita, 13.Sep.2023) — Cemvita Corporation announced an offtake arrangement with United Airlines for up to 1 billion gallons of sustainable aviation fuel (SAF) from Cemvita’s first full-scale SAF plant. Under the agreement, signed by Cemvita and United Airlines, Cemvita will supply United Airlines up to 50 million gallons annually for 20 years […]
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 […]
ExxonMobil Reveals $4.9bn Purchase of Denbury
(Exxon Mobil, 13.Jul.2023) — Exxon Mobil Corporation (NYSE: XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9bn, or $89.45 per share based on ExxonMobil’s closing […]
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 […]
Frontera to Conserve, Restore and Grow 1 Trillion Trees by 2030
(Frontera, 15.Jun.2023) — Frontera Energy Corporation (TSX: FEC) has joined the One Trillion Trees (1t.org) movement launched by the World Economic Forum in Davos, Switzerland, in January 2020, with the global goal of conserving, restoring and growing one trillion trees by 2030. It is estimated that six trillion trees covered the planet. Now only […]
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NatGas in Transition to Low-Carbon Economies [PDF Download]
(IGU, OLADE, ARPEL, 17.Apr.2023) — The world needs to transition to low-carbon economies to reduce global warming while continuing to promote sustainable socioeconomic development for a growing global population. Achieving this massive goal requires a radical transformation in how energy is supplied and used worldwide, as 73% of global greenhouse […]
Houston Texans to Purchase Carbon Removal Credits
(Oxy, 6.Jan.2023) — 1PointFive, a subsidiary of Occidental’s (NYSE: OXY) Low Carbon Ventures (OLCV) business, today announced an agreement and sponsorship with the Houston Texans whereby the Texans have agreed to purchase carbon dioxide (CO2) removal credits from 1PointFive’s first Direct Air Capture (DAC) plant, which is expected to be […]
Eni and Snam Form JV to Develop the Italy’s First CCS Project
(Eni, 19.Dec.2022) — Today Eni Chief Executive Officer Claudio Descalzi and Snam Chief Executive Officer Stefano Venier signed an agreement to jointly develop and manage Phase 1 of the Ravenna Carbon Capture and Storage (CCS) Project, through an equal joint venture. The agreement also includes the implementation of studies and […]
Air Liquide Joins Fight Against Climate Change
(Air Liquide, 15.Sep.2022) — As a sign of the success of our efforts, Air Liquide has been awarded by the CDP (former Carbon Disclosure Project), with an “A-” rating in two categories, climate change and water management. This score recognizes the highest level (“Leadership Level”) of the Group’s commitment to […]
Talos Energy and EnLink Midstream Complete Carbon Capture Solution
(Talos Energy, 15.Feb.2022) — Talos Energy Inc. (NYSE: TALO) and EnLink Midstream, LLC (NYSE: ENLC) have executed a memorandum of understanding to jointly develop a complete CO2 capture, transportation and sequestration solution for industrial-scale emitters in Louisiana. The joint service offering will be focused on the Mississippi River corridor from New Orleans to Baton Rouge, which is […]
CCS Could Impact Emissions Of LNG Projects
(WoodMac, 25.Aug.2021) — The use of carbon capture and storage (CCS) could have a material impact on LNG projects’ carbon emissions. Depending on the strategy adopted, more than 25% of overall carbon emissions could be removed, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). LNG is one of the most […]
Companies Take Steps Toward Climate Neutrality
(Bloomberg, 24.Aug.2021) — Unlike the other oil majors, nationalized fossil fuel businesses are arms of the state, and therefore can’t bend as far. Petroleos Mexicanos left investors with more questions than answers after it announced in late July that it would be disclosing its greenhouse gas emissions on a more […]
Oil Price Windfall A ‘Golden Opportunity’
(WoodMac, 19.Aug.2021) — Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said in a report released today. Stakeholders are demanding greater accountability for carbon emissions along the value […]
Emerging Oil Nations Reject Climate Curbs On Exploration
(Reuters, 19.Aug.2021) — The world’s newest oil-producing nations grabbed the spotlight at this week’s Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels. At the conference highlighting renewable and cleaner-burning fuels and investors moving bets away […]
bp And Cemex Join Up On Net-Zero Emissions
(bp, 13.May.2021) — bp and Cemex, S.A.B. de C.V. (NYSE: CX) will work together on accelerating the progress of Cemex’s 2050 ambition to deliver net-zero CO2 concrete globally. Highlights: — bp and Cemex aim to develop solutions to decarbonize the cement production process and transportation. — Cemex and bp have aligned ambitions […]
Sempra Releases 2020 Corporate Sustainability Report
(Sempra 28.Apr.2021) — Sempra Energy (NYSE: SRE) released its 2020 Corporate Sustainability Report, highlighting the company’s actions to create long-term value for shareholders and other stakeholders by managing risks and capturing opportunities related to environmental, social and governance (ESG) factors. The company’s actions are anchored to its four key sustainability […]
Equinor Asks Shareholders To Reject Intermediate Scope 3 Emissions Targets
(Reuters, 19.Apr.2021) — Equinor urged its shareholders on Monday to reject a proposal by an activist group to set intermediate targets for reducing emissions from the use of its energy products. The majority state-owned company has pledged to boost investment in renewables and has set a long-term goal to cut […]
Achieving Paris Goals To Upend Markets
(WoodMac, 15.Apr.2021) — If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so […]
Using CO2 Enhances Oil Recovery In TT
(Trinidad and Tobago Newsday, 15.Apr.2021) — In February 2021, the Ministry of Energy and Energy Industries (MEEI) announced that Cabinet agreed to establish a carbon capture and carbon dioxide (CO2) enhanced oil recovery (EOR) steering committee, responsible for managing the implementation of a large-scale CO2-EOR project in Trinidad. Potential oilfields […]
Total, Siemens To Reduce LNG Related Emissions
(Total, 13.Apr.2021) — Total and Siemens Energy signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation. Each partner will bring together their best-in-class technologies and combine their know-how to deliver industrial-stage solutions such […]
ContourGlobal To Capture, Utilize CO2
(ContourGlobal, 29.Mar.2021) — ContourGlobal plc and Alpek, S.A.B. de C.V. formed a new company that is developing a CO2 capture and liquefaction facility for sale to the food, beverage, and medical industries. The facility will be integrated into ContourGlobal’s 420 MW Combined Heat and Power Plant located in Altamira, Mexico […]
Keystone XL Commits To Renewable Energy
(TC Energy, 17.Jan.2021) — TC Energy Corporation today announced a new sustainable energy initiative for the Keystone XL Project. The company will achieve net zero emissions across the project operations when it is placed into service in 2023 and has committed the operations will be fully powered by renewable energy […]
Petrobras Reports Record Production In 2020
(Petrobras, 7.Jan.2021) — Petrobras registered records in its 2020 annual oil production and total annual production (oil and gas) of, respectively, 2.28 million barrels per day (bpd) of oil and 2.84 million barrels of oil equivalent per day (boed). The previous records occurred in 2015 and were 2.23 million bpd […]
Braskem Announces Research Partnership
(Braskem, 14.Dec.2020) — Braskem, the largest polyolefins producer in the Americas and a leading producer of biopolymers in the world, has joined forces with the University of Illinois Chicago (UIC) to develop a new route for producing ethylene, a raw material used to make thermoplastic resins. This route will use […]
Gunvor Launches $540mn Biodiesel Borrowing Base
(Gunvor, 4.Dec.2020) — Gunvor Group successfully closed a new $540mn borrowing base facility to support the company’s biodiesel trading activity. The facility drew strong support among Gunvor’s banking partners, which align with its strategy to promote cleaner products with greener feedstock components complying with EU climate targets to reduce greenhouse […]
Total And ADNOC Ink CO2 Emissions Framework Deal
(Total, 12.Nov.2020) — Total signed a strategic framework agreement with the Abu Dhabi National Oil Company (ADNOC), to explore joint research, development and deployment partnership opportunities in the areas of CO2 emission reductions and carbon capture, utilization and storage (CCUS). The agreement brings together the best-in-class in low carbon technologies […]
Braskem On Carbon Neutrality By 2050
(Braskem, 10.Nov.2020) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, announces its latest sustainability ambitions to significantly expand its efforts to eliminate plastic waste in the environment by 2030 and to achieve carbon neutrality by 2050. In 2009, Braskem launched the […]
Sempra And Salk Partner In Carbon Capture Deal
(Sempra Energy, 9.Nov.2020) — Sempra Energy and the Salk Institute today announced a new project to advance plant-based carbon capture and sequestration research, education and implementation to help address the climate crisis. Sempra Energy is donating $2mn to the Salk Institute to help fund the five-year project. “There is incredible […]
Petrobras Creates Climate Change Exec Management
(Petrobras, 3.Nov.2020) — Petrobras, reinforcing the growing importance of the transition to low carbon in the company, informs the creation of the Climate Change Executive Management, which will be responsible for leading actions related to carbon management, reduction of air emissions, energy efficiency and climate change. The new structure will […]
Repsol To Advanced Biofuels Plant In Cartagena
(Repsol, 22.Oct.2020) — Repsol will build the first production plant for advanced biofuels in Spain at its Cartagena refinery. From this new facility, the multi-energy company, committed to the circular economy as a tool for efficient resource use and emissions reduction, will annually supply 250,000 tons of advanced biofuels for […]
Petrobras Concludes Jupiter Area Drill Stem Test
(Petrobras, 4.Sep.2020) — Petrobras informs the conclusion of the Drill Stem Test (DST) in the area of Júpiter Discovery Assessment Plan, located in the Santos Basin presalt. The Jupiter area belongs to the BM-S-24 concession, in which Petrobras is the operator, with an 80% interest, and was acquired in 2001 […]
Khiron Completes Solar Energy Park In Colombia
(Khiron, 24.Jun.2020) — Khiron Life Sciences Corp., a vertically integrated cannabis leader with core operations in Latin America and Europe, announces the completed installation of a state-of-the-art 2,600 panel solar park that will generate electricity to power the Company’s production facility in Doima, Colombia. Developed with ReFeel, a leading Italian […]
Vaca Muerta Looks To Attract $7 Bln In Investments In 2019
(Energy Analytics Institute, Jared Yamin, 6.Oct.2018) — Investors could inject $7 billion into the Vaca Muerta in 2019, announced Neuquén Governor, Omar Gutiérrez. “In 2019, we will have 15 new drilling rigs conducting unconventional activity and reach an investment record with $7 billion,” reported the Argentine daily newspaper Clarin, citing […]
Methane Fears Cloud Argentina’s Shale Oil And Gas Future
(Financial Times, Benedict Mander, 23.Sep.2018) — Green energy groups say huge shale oil and gas reserve is leaking greenhouse gases. Jorge Daniel Taillant used a $100,000 infrared camera this year to investigate whether oil and gas installations in Vaca Muerta were leaking toxic gases. The grainy black-and-white thermal images that […]
Pemex Aims to Reduce CO2 Emissions by 25% by 2021
(Pemex, 26.Jul.2018) – Environmental protection and sustainability, the governing principles of the State-Owned Productive Company’s work The CEO of Petróleos Mexicanos, Carlos Treviño, inaugurated the 7th Environmental Conferences this morning For Petróleos Mexicanos, environmental protection and sustainable development are high-priority values. Therefore, the State-Owned Productive Company expects to reduce its […]
Guyana’s Coast Gets Battered By Waves
(Energy Analytics Institute, 10.Oct.2017) — Guyana, the small English-speaking South American country that is set to become the region’s next petro-state, sit below sea level and is thus subject to coastal flooding, as seen in this short video. __________ By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.
PascualesCuena Product Pipeline Online in May 2016
(Energy Analytics Institute, 5.Apr.2016, Clifford Fingers III) – Construction of the Pascuales-Cuenca product pipeline will allow EP PetroEcuador to develop a LPG transport and distribution system to supply the southern region of the country, reported the state company in an official statement. Construction of the pipeline will also allow the […]