Energy Transition

In addition to its oil and gas industry legacy, AGR’s specialist competence and software are also applied to decommissioning of offshore assets, carbon capture use and storage (CCUS), blue hydrogen, geothermal energy and seabed minerals.

The Golar Tundra floating storage regasification unit docked Sunday night in Piombino, on the coast of Tuscany. The LNG terminal is one of two that will allow Italy to replace gas flows via pipeline from Russia, which are already near historic lows.

In a statement published Friday in Mozambican newspaper O Pais, the U.S. energy giant called for expressions of interest to design and build an LNG plant producing as much as about 18 million tons a year.

CO2 transportation and injection systems are the critical conduits that move captured CO2 from their sources to permanent underground storage locations. These systems will vary in size and complexity, but most will include some form of CO2 analysis, treatment, compression, and monitoring. During injection operations, fluctuations in upstream capture composition and volume will happen in parallel with downstream changes to store behavior. To actively manage this end-to-end variability, the transportation and injection system needs an integrated, automated control system that links upstream process control equipment with downhole instrumentation. In this webinar, TechnipFMC and Halliburton will provide an overview of their integrated CO2 transportation and injection solutions and explain how client value can be created through system integration.

The vow comes as competition in the race for clean technology heats up after President Joe Biden’s $370 billion climate bill, which raised tax credits for capturing carbon dioxide.

EnerMech will roll out its integrated project management and delivery solution specifically developed to enhance efficiencies across the project.

By the end of 2022, the net carbon intensity of the energy products sold by Shell had also fallen by 3.8%, compared with 2016. The analysis, using data from the International Energy Agency, shows the net carbon intensity of the global energy system fell by around 2% over that time.

The project could unlock up to $7.53 billion of investment across the full CO2 capture, transport and storage value chain from 2025 to 2035.

There was no shortage of clean energy sessions at CERAWeek by S&P Global 2023. While much of the conference was dominated by oil and gas companies, Thursday’s session, entitled “U.S. offshore wind: Surging power,” informed attendees of the emerging opportunities that offshore wind in the U.S. has to offer.

Hunt said the UK’s investment in CCS would go toward projects that aim to store 20 million to 30 million tonnes of carbon dioxide annually by 2030, equal to the emissions of 10 million to 15 million cars.

Utility CLP Holdings Ltd. purchased an LNG cargo for May delivery to its new import terminal, according to traders with knowledge of the matter. The tender closed on Wednesday, and the shipment was bought at a link to North Asia’s LNG spot benchmark.

This agreement focuses on potential exploration opportunities in and beyond the pre-salt, including the Equatorial Margin. It also contemplates energy transition efforts, with an emphasis on renewables and carbon capture, utilization and storage (CCUS).

During a presentation titled Dual challenge: Accelerating energy transition while ensuring energy security, Baker Hughes Chairman and CEO Lorenzo Simonelli, PETRONAS President and CEO Tengku Muhammad Taufik, Linde CEO Sanjiv Lamba and S&P Global Senior V.P. Atul Arya discussed the major problem surrounding the uncertainty of the pace of technological development/deployment and the time required to reach scale.

The company has opened its U.S. headquarters in Houston, Texas and will double its U.S. headcount to meet demand for CycloneCC, its fully modular technology, in what is expected to become its biggest market.

CERAWeek by S&P Global continued on Thursday with an Executive Leadership session featuring S&P Global Vice Chairman Daniel Yergin and Shell CEO Wael Sawan. During the discussion, Sawan talked about emissions goals, European energy security, and Shell’s place in the energy transition.

Project Greensand shows for the first time the feasibility of CO2 storage from being captured at an INEOS Oxide site in Belgium, to being transported cross-border and safely and permanently stored in the INEOS-operated Nini field in the Danish North Sea.

This MOU has the potential to expand the significant liquid natural gas relationship that Chevron and JERA have today, and further demonstrates the commitment and dedication both companies have to advancing lower carbon solutions.

CERAWeek by S&P Global 2023, commenced Monday morning with an opening address by Chevron CEO Mike Wirth and Daniel Yergin, S&P Global’s vice chairman. The talk, entitled “New perspectives, new strategies,” started with a discussion about the best approach to reduce carbon emissions while working toward global energy security.

During the plenary session, titled “Accelerating the Energy Transition”, His Highness shared his outlook for the industry and set out the Kingdom of Bahrain’s efforts to directly invest in and accelerate the energy sector’s transition.

Papua LNG is expected to have liquefaction capacity of up to six million tonnes of LNG per annum with first production expected by the end of 2027 or early 2028.

The two compressor packages will enable the plant to capture up to 500,000 metric tons of CO2 per year when fully operational.