Malaysian oil and gas company Petronas and Japanese shipping company Mitsui O.S.K. Lines have signed a Memorandum of Understanding to jointly explore opportunities in liquefied carbon dioxide (CO2) transportation for…
https://gcaptain.com/petronas-and-mol-to-explore-co2-ocean-transport-for-ccus-value-chain/
Russian natural gas producer PAO Novatek and the Japan Bank for International Cooperation (JBIC) have revealed plans to work together on low-carbon projects. The post Novatek, Japan to work together…
ExxonMobil and Chevron confirmed their commitments to building large-scale projects to address climate change April 30, beginning with a focus on carbon capture, reports S&P Global.
The companies remain among the world’s largest producers of oil and gas, but the coming energy transition has loomed large and stirred excitement in the last year or so, which was reflected in separate Q1 earnings calls.
Earlier this year, ExxonMobil launched its Low Carbon Solutions business to...
https://mfame.guru/exxonmobil-chevron-confirm-carbon-capture-projects-in-q1/
The offshore energy sector is currently going through a major change with the energy transition and sustainability as a driving force. The post In focus: Piecing together the energy transition…
https://www.offshore-energy.biz/in-focus-piecing-together-the-energy-transition-puzzle/
Mitsui O.S.K. Lines Ltd., in their press release, has announced their investment in Norway-based Larvik Shipping AS, a ship management company for liquefied CO2 carriers.
This marks MOL’s first foray into the liquefied CO2 ocean transport business.
CCUS technologyLiquefied CO2 ocean transport plays a key role in carbon dioxide capture utilization and storage (CCUS) value chains as a means of effectively connecting collection sites with storage or usage sites.
CCUS is drawing attention as a...
https://mfame.guru/mol-ventures-into-liquefied-co2-business-with-their-new-investment/
The global oil industry aims to lean more on carbon capture, utilization and storage technologies as it seeks to deliver more “carbon-neutral” crude oil shipments in order to emerge as more of an ally within the ongoing energy transition, industry experts said March 1 on the opening day of CERAWeek by IHS Markit 2021.
First carbon neutral shipmentMajor Permian Basin producer Occidental Petroleum is the industry leader in using carbon dioxide for enhanced oil recovery in its wells, and Oxy said...
https://mfame.guru/global-oil-companies-aim-to-provide-carbon-capture-services-worldwide/