Despite the growing momentum toward renewable energy and the global push for decarbonization, interest in oil and gas exploration on the Norwegian Continental Shelf remains robust. The Norwegian Petroleum Directorate reported a steady influx of applications from oil and gas companies looking to secure new exploration licenses, underscoring the region’s continued appeal for fossil fuel […]
Orcadian Energy plc (AIM: ORCA), a UK-based oil and gas exploration company, has announced an extension agreement with Shell International Trading and Shipping Company Limited concerning its existing loan facility. Shell has confirmed that it will not take any action on Orcadian’s borrowings until September 30, 2024, providing the company with much-needed time to manage […]
Abu Dhabi National Energy Company PJSC (TAQA) and JERA Co., Inc. (JERA) have announced the successful financial closure of Najim Cogeneration Company Limited, marking a significant milestone in the development of a cutting-edge industrial steam and electricity cogeneration plant in Saudi Arabia. The new plant, located in Jubail within Saudi Arabia’s Eastern Province, will produce […]
Chevron Corporation, through its subsidiary Chevron Australia New Ventures Pty Ltd, has secured a pivotal greenhouse gas (GHG) assessment permit offshore Western Australia, marking a significant expansion in its carbon capture and storage (CCS) initiatives. The permit, designated G-18-AP, spans approximately 8,467 square kilometers off the coast of Onslow, Western Australia. It will play a […]
In a significant move to bolster carbon capture technology, Canada Growth Fund Inc. (CGF) has announced a commitment of up to US$100 million to Svante Technologies Inc., a prominent provider of carbon capture and removal solutions headquartered in Vancouver, Canada. This substantial investment aims to accelerate the development and construction of Svante’s commercial carbon capture […]
NovoNutrients, a biotech innovator specializing in converting CO₂ emissions into high-quality protein, announced a successful first closing of its Series A financing. The funding round totals $18 million, comprising $10.3 million in new capital and $8 million from converted SAFEs. Woodside Energy, a prominent global energy firm, led the round with co-leadership from CM Venture […]
Aramco, a global leader in integrated energy and chemicals, has announced its acquisition of a significant equity stake in Blue Hydrogen Industrial Gases Company (BHIG), based in Jubail. This transaction, pending standard closing conditions, includes options for hydrogen and nitrogen offtake for Aramco, highlighting a significant stride in its green energy initiatives. In a strategic […]
Shell Canada Products, a subsidiary of Shell plc, has reached a pivotal moment with its announcement of the Final Investment Decision (FID) for the Polaris carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. This initiative marks a significant stride in the company’s sustainability efforts, aiming to capture roughly 650,000 […]
Technip Energies, in a consortium with Turner Industries, has secured a significant Engineering, Procurement, and Construction (EPC) contract from ExxonMobil Low Carbon Solutions Onshore Storage LLC. This pivotal agreement encompasses the development of a Carbon Capture, Utilization, and Storage (CCUS) system for Nucor Corporation’s manufacturing plant in Convent, Louisiana. This innovative system aims to capture […]
Aker Carbon Capture, a pioneering company in the carbon capture and storage (CCS) industry, has recently been awarded a contract to conduct a feasibility study for integrating carbon capture technologies at multiple biomass and waste-to-energy facilities across Europe. The contract, awarded by a leading European developer, aims to explore the potential of Aker Carbon Capture’s […]