PETRONAS CCS Ventures Sdn Bhd, a wholly-owned subsidiary of PETRONAS, has entered into a strategic partnership with DNV, a global quality assurance and risk management company, by signing a Master Price Agreement for the certification of carbon dioxide (CO2) storage sites and associated facilities in Malaysia. This agreement, aimed at bolstering Carbon Capture and Storage […]
In a significant development for climate action, the Norwegian Ministry of Energy has officially announced the opening of three areas in the North Sea for companies to apply for exploration licenses related to CO2 storage on the Norwegian continental shelf. This initiative is part of Norway’s effort to establish a new ocean industry focused on […]
McDermott has recently been awarded a significant offshore contract by Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) for the Kasawari Carbon Capture and Storage (CCS) project, situated offshore Sarawak in East Malaysia. This project stands as a notable milestone in the realm of environmental sustainability and energy transition. Scope of McDermott’s Contract Under this […]