Return to Today's Publications

 

Newsletter:
Date Range (YYYY-MM-DD) -
Company, Industry or Technology:
  Search Tips


Microsoft Joins Norwegian Northern Lights CCS Project (Int'l Report)
Microsoft,Equinor,Northern Lights
Date: 2020-10-23
Redmond, Washington-headquartered software giant Microsoft is reporting a memorandum of understanding (MoU) with Equinor -- fka Statoil -- concerning development of a digital platform covering the transportation, receipt and permanent storage of liquefied CO2 for the North Sea, Northern Lights carbon capture and storage (CCS) project.

Under the MoU, MoU stipulates the two sides would work on a model for a conventional investment. Namely, Microsoft has earmarked $1 billion for technology that prevents CO2 from escaping into the atmosphere. The two firms will also jointly explore and establish advocacy of policies that accelerate CCS's contribution to Europe's meeting its climate goals.

The Northern Lights initiative, which is equally owned by Equinor, Royal Dutch Shell and Total, is expected to begin operations in 2024 with a first-phase capacity of 1.5 billion tonnes of CO2. (Source: Microsoft, Balkan Green Energy News, 21 Oct., 2020) Contact: Northern Lights Project, Sverre Overaa, Director, sjov@equinor.com, Per Sandberg, Bus. Dev, prsa@equinor.com, www.northernlightsccs.com; TOTAL, www.total.com; Equinor, www.equinor.com; SHELL, www.shell.com; Microsoft Corporate Offices, www.headquartersinfo.com/microsoft-headquarters-information

More Low-Carbon Energy News Microsoft,  Equinor,  Northern Lights,  CCS,  


Equinor Announces New Net-Carbon Intensity Ambitions (Int'l. Report)
Equinor
Date: 2020-02-12
Following up on our 10th Jan. report, Oslo-headquartered Norwegian oil and gas major Equinor -- fka Statoil -- reports the launch of a new climate roadmap aiming to ensure a competitive and resilient business model in the energy transition, fit for long term value creation and in line with the COP15 Paris Climate Agreement. In short, Equinor plans to:
  • Reduce the net carbon intensity, from initial production to final consumption, of the energy produced with at least 50 pct by 2050.

  • Cut absolute emissions from operated offshore fields and onshore plants in Norway by 40 pct by 2030, 70 pct by 2040 and towards near zero by 2050.

  • Slash CO2-emissions per barrel of oil and gas produced to below 8 kg by 2025 from operated fields;

  • Run carbon neutral operations globally by 2030;

  • Eliminate routine flaring before 2030;

  • Maintain methane emissions near zero;

  • Continue to apply an internal price on CO2-emission of at least $55 per tonne in all investment decisions;and

  • Continue support of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). (Source: Equinor, PR, 6 Feb., 2020) Contact: Equinor, Eldar Sætre, Pres., CEO, www.equinor.com

    More Low-Carbon Energy News Equinor,  Carbon Emissions,  Climate Change,  


  • Equinor Announces Major GHG Reduction Goals (Int'l, Ind. Report)
    Equinor
    Date: 2020-01-10
    Oslo-headquartered Norwegian oil and gas major Equinor -- fka Statoil -- reports it aims reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway by 40 pct by 2030, increasing to 70 pct by 2040 and to near zero by 2050, using 2005 as a baseline.

    The GHG reduction goal will cover all of the company's Norwegian offshore fields and onshore plants, including both Scope 1 and Scope 2 emissions of CO2 and methane, levels of which are very low at the Norwegian continental shelf.

    The reductions will be achieved through large scale industrial measures, including energy efficiency, digitalization and the launch of several electrification projects at key fields and plants, including the Troll and Oseberg offshore fields and the Hammerfest LNG plant, at an estimated cost NOK 50 billion ($5,630,500,000 US) or more. (Source: Equnior, Smart Energy Jan., 2020) Contact: Equinor, Eldar Saetre, CEO, Pal Eitrheim, VP New Energy Solutions, www.equinor.com

    More Low-Carbon Energy News Equinor,  Carbon Emissions,  Climate Change,  


    Ervia, Equinor Ink Carbon Capture & Storage MoU (Int'l Report)
    Equinor,Ervia
    Date: 2019-09-06
    In Dublin, the Irish state utility company Ervia reports it has inked Memorandum of Understanding (MoU) with the Norwegian firm Equinor -- f.k.a. Statoil -- to undertake research on the potential for Ireland to benefit from Carbon Capture and Storage (CCS).

    Under the MoU, Eriva will work with Equinor and the Norwegian Government's wider "Northern Lights" project which aims to drive CCS development across Europe. If successful, this would see carbon emissions from Ireland's electricity production and large industry captured and exported via ship to be permanently stored in Norway's geological reserves in the North Sea.

    Ervia, previously known as Bord Gais or Bord Gais Eireann, is a multi-utility company distributing pipeline natural gas, water services and dark fiber services in Ireland. (Source: Business Irish, Ervia, 5 Sept., 2019) Contact: Ervia, Cathal Marley, CEO, +44 01 823 0300www.ervia.ie

    More Low-Carbon Energy News Equinor,  Bord Gais,  CCS,  Carbon Emissions,  


    Equinor Investing in Argentine Renewable Energy Market (Int'l.)
    Equinor ,YPF Luz.
    Date: 2019-08-09
    Oslo-headquartered Norwegian oil and gas major Equinor -- fka Statoil -- reports it has entered the Argentine wind-power market with a $30 million share purchase bid for a 50 pct stake in the 120MW Canadon Leon wind farm project, which is owned and being built in Santa Cruz Province by the state controlled power company YPF Luz.

    Equinor holds a 50 pct indirect interest in the 100MW Guanizul 2A solar farm and recently signed a memorandum of understanding with Petrobras to investigate Argentina's offshore wind energy potential. (Source: Equinor, Recharge, 7 Aug., 2019) Contact: Equinor, Pal Eitrheim, VP New Energy Solutions, www.equinor.com; YPF Luz, www.ypfluz.com

    More Low-Carbon Energy News Equinor ,  Wind,  YPF Luz. ,  


    Petrobras, Equinor Explore Brazil Offshore Wind Opportunity (Int'l)
    Petrobras,Equinor
    Date: 2018-10-03
    Petrobras reports it has inked has a MOU with Oslo, Norway-based Equinor -- fka Statoil -- to evaluate an offshore wind development in Brazil. The two companies have been researching other potential areas for cooperation including the development of renewable energy initiatives.

    Petrobras has four wind farms in partnership, totaling 104 MW in installed capacity. The company also owns a 1.1 MW solar photovoltaic power research and development plant in Rio Grande do Norte where the operations of four types of technology are currently under evaluation.

    Equinor operates three wind farms along the coast of the U.K. and is involved in offshore wind projects in the U.K., Germany and the U.S.(Source: Petrobras, Maritime Exec., 2 Oct., 2018)Contact: Petrobras , Pedro Parente, CEO, sac@petrobras.com.br, www.petrobras.com; Equinor, www.equinor.com/en

    More Low-Carbon Energy News Petrobras,  Wind,  Brasil Wind,  Equinor,  


    Global Carbon Capture and Storage Market 2017-2021 Developments, Opportunities, Players, Regions, Suppliers -- Report Available (Ind. Report)
    Carbon Capture and Storage ,CCS
    Date: 2018-08-01
    The recently released Global Carbon Capture and Storage Market 2017-2021 Developments, Opportunities, Players, Regions, Suppliers report provides detailed information on the driving factors and challenges that will define the upcoming development of the Carbon Capture and Storage (CCS) market. The report examines existing opportunities in small markets for investors thorough an analysis of the competitive landscape and product offerings of key players including: Babcock & Wilcox, ENGIE, GE Power, The Linde Group, Mitsubishi Heavy Industries, Air Products and Chemicals, Aker Solutions, Amec Foster Wheeler, Chevron, Fluor, Hitachi, Net Power, Schlumberger, Shell, Siemens, Statoil, and Sulzer.

    According to the report, the CCS market is predicted to grow at a CAGR of 9.18 pct. up to 2021.

    View report details HERE. Request a report Sample PDF HERE. (Source: Absolute Reports, July, 2018) Contact: Absolute Reports, www.absolutereports.com

    More Low-Carbon Energy News CCS,  Carbon Dioxide,  CO2,  Carbon Market,  Carbon Tax,  Carbon Sequestration,  


    Statoil Ramping Up Drive to Cut its Carbon Footprint (Int'l)
    Statoil,International Energy Agency
    Date: 2018-05-07
    Statoil, Norway's largest company, reports it is stress-testing its portfolio of oil and gas assets against global energy scenarios set out by the International Energy Agency (IEA) at shareholders' request in 2015.

    The IEA's Sustainable Development Scenario, which analyses the likely impact of energy policies by 2040, is aligned with the 2015 Paris Climate Change Agreement goals to keep global warming from exceeding 2 degrees C..

    Statoil has also announced plans to reduce emissions from some of its new fields to 3kg of CO2 per barrel of oil equivalents (boe), which is less than 20 pct of the global average. The company's carbon intensity at its offshore fields stood at 9kg per boe in 2017, compared to a global average of 17kg per boe.

    In 2017, Statoil launched a new climate roadmap outlining aims to reduce the carbon intensity of its upstream oil and gas portfolio to 8 kg CO2/boe by 2030, achieve annual CO2 emission reductions of 3 million tonnes by 2030 and build an industrial position in profitable new energy of up to 15-20 pct of capex by 2030. The company will also invest around 25 pct of research funds into new energy solutions and energy efficiency by 2020.

    Statoil reduced its CO2 intensity from oil and gas production by 10 pct year-on-year, from 10kg CO2 per boe to 9kg CO2 per boe. In 2017 the company achieved CO2 reductions of 356 000 tonnes.

    Download Statoil's 2017 Sustainability report HERE. (Source: Statoil, Reuters, May, 2018) Contact: Statoil, www.statoil.com; International Energy Agency, www.iea.org

    More Low-Carbon Energy News Statoil,  Climate Change,  Paris Climate Agreement,  Carbon Footprint,  International Energy Agency,  


    Statoil Annual Sustainability Report 2017 -- Report Attached (Int'l)
    Statoil
    Date: 2018-03-26
    In its recently released Statoil Annual Sustainability Report 2017, Oslo-headquartered oil and gas producer Statoil offers an overview of its ambitious sustainability agenda and performance. Sustainability is embedded in the company's strategy, and the company is taking actions to develop the business to support the UN sustainability goals and the Paris agreement, according to the report.

    In 2017, Statoil launched a new climate roadmap outlining aims to reduce the carbon intensity of its upstream oil and gas portfolio to 8 kg CO2/boe by 2030, achieve annual CO2 emission reductions of 3 million tonnes by 2030 and build an industrial position in profitable new energy of up to 15-20 pct of capex by 2030. The company will also invest around 25 pct of research funds into new energy solutions and energy efficiency by 2020.

    Statoil reduced its CO2 intensity from oil and gas production by 10 pct year-on-year, from 10kg CO2 per boe to 9kg CO2 per boe. In 2017 the company achieved CO2 reductions of 356 000 tonnes.

    Download the Statoil Annual Sustainability Report 2017 HERE. (Source: Statoil, Mar., 2018) Contact: Statoil, www.statoil.com

    More Low-Carbon Energy News Statoil,  Carbon Emissions,  Climate Change,  


    BLUE PILOT to Cut Offshore Wind Const. Costs (New Prod & Tech)
    The Carbon Trust
    Date: 2018-03-16
    The Carbon Trust is reporting the launch of BLUE PILOT, a large-scale demonstration project aimed at reducing costs and underwater noise during construction of offshore wind farms as part of the Offshore Wind Accelerator (OWA). The BLUE PILOT project will deploy The BLUE Hammer, a new type of pile driver developed by Fistuca BV., a Dutch technology company founded as a spin-off from Eindhoven University of Technology.

    It is anticipated that the project will enable potential lifetime savings of €33 -- €40 million for a 720MW offshore wind farm.

    OWA partners E.ON, EnBW, Orsted, Statoil and Vattenfall, alongside additional industry partners Fistuca, Van Oord, Shell and Sif are contributing €3.2 million in project funding, while the Netherlands Enterprise Agency has granted public subsidies of over €2.5 million.

    In the BLUE PILOT project the hammer will be tested offshore at a location in Dutch waters. Sif will provide the monopile, and Van Oord will support the installation logistics. The other industry partners will provide funding and strategic advice into the project to ensure its relevance to future commercial projects. (Source: Carbon Trust, PR, 13 Mar., 2018) Contact: Offshore Wind Accelorator, www.carbontrust.com/offshore-wind

    More Low-Carbon Energy News The Carbon Trust,  Wind,  Offshore Wind,  


    U.S.Carbon Capture and Storage Market Report 2018 -- Report Available (Ind. Report)

    Date: 2018-03-09
    MarketResearchNest.com reports the availability of its new United States Carbon Capture and Storage Market Report 2018 report studying Carbon Capture and Storage (CCS) in North America, Europe, Southeast Asia, Japan and India.

    The study includes production, revenue, consumption, import and export in these regions from 2013 to 2018, and forecast to 2025. The report also identifies major players in the market and their market revenues including GE Energy, Siemens, Honeywell, Mitsubishi Heavy Industries, Shell Cansolv, Alstom Energy, Linde Engineering, ConocoPhillips Company, Statoil ASA, Dakota Gasification, Fluor Corporation, Hitachi, Halliburton, HTCO2 Systems, Carbon Clean Solutions, Summit Carbon Capture, Sasol Limited, Aker Clean Carbon AS, China HuaNeng Group.

    Browse full table of contents and data tables HERE. Request a sample copy HERE; Purchase the report HERE. (Source: MarketResearchNest.com, satPRnews, Mar., 2018) Contact: MarketResearchNest, Jeet Jain, 240-284-8070, +44-20-3290-4151, sales@marketresearchnest.com, www.marketresearchnest.com

    More Low-Carbon Energy News Carbon Capture and Storage,  CCS,  


    XTO Energy Comments on Methane Reduction Regulations (Opinions, Editorials & Asides)
    XTO Energy, ExxonMobil
    Date: 2018-02-07
    "In November, 2017, ExxonMobil signed onto a commitment with several companies aimed at reducing methane emissions within the natural gas industry. That agreement built off earlier efforts announced in 2017 to enhance ExxonMobil's voluntary methane-reduction activities.

    "As I wrote at the time about this multi-partner pact, advocating for sound policies and regulations is key to helping drive improvements. That's because even though the companies that signed the agreement are fairly large -- BP, Shell, Eni, Statoil, Total, etc. in addition to ExxonMobil) -- methane emissions constitute a very small fraction of the overall natural gas picture. The correct mix of policies and regulations could help the entire industry raise the bar.

    "So what would a framework for jurisdictionally appropriate regulatory action with regard to methane look like? Ultimately, ExxonMobil thinks it should include: new wells should follow "green completion" procedures; rules should promote Leak Detection and Repair programs; basic data should be reported to regulatory bodies for consolidation and to underpin a regulatory effort that both encourages and keeps up with continuous technological innovation." (Source: XTO Energy Blog, ExxonMobil, 2 Feb., 2018) Contact: XTO Energy, Sara Ortwein, Pres., www.xtoenergy.com

    More Low-Carbon Energy News XTO Energy,  Methane,  GHG,  ExxonMobil,  


    Petrobras Joining Oil and Gas Climate Initiative (Int'l)
    Petrobras,Oil and Gas Climate Initiative
    Date: 2018-01-31
    In Brazil, Rio de Janeiro-headquartered Petrobras to is reporting it is joining the Oil and Gas Climate Initiative (OGCI), a CEO-led group of oil and gas companies that intends to lead the industry's response to climate change and reduce greenhouse emissions. OGCI existing members include BP, CNPC, Eni, Pemex, Repsol, Saudi Aramco, Shell, Statoil and Total.

    The OGIC's billion-dollar investment arm -- OGCI Climate Investments -- supports the development, deployment and scale-up of low emissions technology. Taken together, oil and gas production by OGCI member companies represents more than a quarter of the world’s oil and gas production.

    Petrobras, headquartered in Brazil, is a publicly-held company active in exploration and production, refining, marketing, transportation, petrochemicals, oil product distribution, natural gas, electricity, chemical-gas and biofuel segments. It has a presence in 19 countries and employees around 70,000 people. (Source: Petrobras, MarEx, Others, 28 Jan., 2018) Contact: Petrobras , Pedro Parente, CEO, sac@petrobras.com.br, www.petrobras.com; Oil and Gas Climate Initiative, www.oilandgasclimateinitiative.com

    More Low-Carbon Energy News GHGs,  Climate Change,  Carbon Emissions,  Petrobras,  Oil and Gas Climate Initiative ,  


    Arkona Offshore Wind Farm Phase-Two Construction Complete (Ind. Report)
    Arkona,Statoil,E,ON
    Date: 2018-01-19
    E.ON and Statoil are reporting Construction of their €1.2 billion, JV 385 MW, Arkona offshore wind farm 35 kilometres northeast of the island of Rugen in the German Baltic Sea is progressing on schedule. After the foundations, the 60 connecting pieces are now installed and the 'Transition Pieces', each weighing 400 tons, have been mounted on the foundations.French Atlantic Ocean to the Baltic Sea in spring.

    When fully operational, the wind farm will generate sufficient power for up to 400,000 households. (Source: E.ON, SubSea News,, 17 Jan., 2018) Contact: E.ON, www.eon.com; Statoil Energy Ventures, Gareth Burns, Irene Rummelhoff, VP, +47 51 99 00 00, www.statoil.com

    More Low-Carbon Energy News Arkona,  Offshore Wind,  E.ON,  Statoil,  

    Showing 1 to 14 of 14.