ExxonMobil has created a new business named ExxonMobil Low Carbon Solutions to commercialise its extensive low-carbon technology portfolio. ExxonMobil said on the 1st February that the new business would initially focus on carbon capture and storage (CCS), one of the critical technologies required to…
Royal Dutch Shell Plc’s Shell Petroleum Company Ltd has agreed to sell subsidiary AS Dansk Shell to PL ESG Denmark Company ApS (Postlane Partners). Alongside Dansk Shell’s 68,000-b/d Fredericia refinery, Postlane Partners also will purchase Dansk Shell’s local trading and supply activities, including its…
Rolls-Royce has conducted the first tests of 100% Sustainable Aviation Fuel (SAF) in a business jet engine, as part of our ongoing ambition to play a leading role in enabling the sectors in which we operate reach net zero carbon by 2050. The tests…
Eoliennes Offshore du Calvados SAS (EODC) has contracted Saipem to design, construct, and install 64 foundations for the Courseulles-sur-Mer wind farm offshore France. The €460-million (US$555-million) contract is subject to a notice to proceed, which is contingent upon EODC making a positive final investment…
Oxy Low Carbon Ventures (OLCV) has announced that it has delivered the world’s first shipment of carbon neutral oil. The delivery, which was arranged in conjunction with Macquarie Group’s Commodities and Global Markets group, saw two million barrels of oil produced in the US…
Oil and gas company Masirah Oil has started production from the second development well drilled in the Yumna field, which is located in Block 50 offshore Oman. Masirah has also already started drilling the third well. Masirah Oil holds a 100 per cent interest…
ExxonMobil subsidiary Esso Australia Pty Ltd is nearing completion of its West Barracouta gas project in Bass Strait. The unit is readying construction of the project’s final subsea infrastructure. The arrival of the Subsea 7 Seven Eagle Diving Support Vessel in Victoria this month…
Qantas and BP have announced a strategic partnership to further advance their shared net zero ambitions. Through the collaboration, the companies will work together on opportunities to reduce carbon emissions in the aviation sector and contribute to the development of a sustainable aviation fuel industry…
Keppel Corporation has reported it will transform its wholly-owned subsidiary, Keppel Offshore & Marine (Keppel O&M), so that the business is well-placed to support the energy transition. Keppel O&M will exit the offshore rig building business, after completing the existing rigs under construction. …
Three million miles of natural gas pipelines criss-cross the US, and the fight against climate change could render them all obsolete. The last two weeks alone illustrate the stakes. President Joe Biden cancelled the permit for the US$9 billion Keystone XL oil pipeline on his first…
