Energy Transition

The plant design will feature electric-driven LNG trains instead of gas turbines, reducing greenhouse gases emissions compared to conventional LNG projects. It will also include prefabricated and standardized modules to be assembled at the project site in Mozambique, offering cost competitiveness and certainty in delivery schedule.

The oil and gas industry has pursued energy transition avenues to decarbonize its operations. However, heightened energy security fears amid the Ukraine war have brought back the focus on fossil fuels, which has led companies to scale down their energy transition pursuit, according to a report published by GlobalData.

The news follows Friday’s announcement by Equinor ASA — Norway’s biggest oil and gas company — that it’s scrapping plans to develop a pipeline to transport hydrogen to Germany due to a lack of customers, supply and an adequate regulatory framework.

Electrification has proven to be effective in lowering costs and the carbon footprint of drilling operations. This article provides technical analysis of highline (grid) power utilization on rigs through the lens of an innovative technology that connects a rig to a power grid, reducing Scope One emissions to nearly zero.

SLB and Aramco have signed an agreement with the aim of co-developing, commercializing, and utilizing digital solutions to help mitigate greenhouse gas (GHG) emissions in industrial sectors. These solutions would be integrated within SLB’s digital sustainability platform, building on the collaboration announced in 2022.

Wellhead production choke valves can cause unnecessary flaring if not accurately controlled. Workers must also drive to remote sites several times monthly to check and manually operate valves. The control valves have historically been operated by pneumatic diaphragm actuators that use the well-stream gas as their motive power, releasing methane every time the valve is stroked. To reduce these emissions, some operators have replaced well-stream gas with air compressors, which require a lot of energy. Electric actuators do not vent, and many provide one-piece actuation solutions, which reduce the risk of failure compared to the typical pneumatic solution involving multiple pieces of equipment. Electric actuators are more energy-efficient since they only consume electricity when in operation. They provide the required torques and thrusts while operating at the necessary speeds for choke and process control valves. In addition, they offer the highest resolution output and modulating duty for accurate pressure and flow rate control. During the webinar, we will explain the main reasons for selecting electric solutions for wellhead valve control: automation, process control, and energy efficiency. Each of these reasons benefits the operator and reduces environmental impact while increasing efficiency, safety, and profitability.

Lance is among several CEOs looking to utilize North America’s gas reserves, of which the head of ConocoPhillips says is “substantial.” Lance went as far as to predict “a century” of available resources.

The permitting halt, which went into effect earlier this year, will raise energy costs, threaten supplies for America’s European allies and increase emissions by slowing the transition from coal to gas, Chevron CEO Mike Wirth said in a speech at the GasTech conference in Houston Tuesday.

During the five years ending in 2023, companies reduced their pollution by more than 25%, a percentage they originally pledged to achieve by 2027 in the North Sea Transition Deal, according to Offshore Energies UK.

Wind Challenger will help reduce fuel consumption and GHG emissions by using its unique telescopic sails. In addition to the robust design of Wind Challenger itself, additional safety measures include a fully enclosed navigation bridge and a lookout station on the vessel’s fore deck to further enhance visibility.

Earlier this month, Equinor’s Troll B and C fields offshore Norway became partly powered from shore. This reduces annual emissions from the Norwegian Continental Shelf (NCS) by 250,000 tonnes of CO2.

The new name reflects the company’s focus on scaling up existing carbon capture technologies as well as its commitment to invest in research and development to ensure a pipeline of cutting-edge solutions that meet the evolving needs of industries worldwide.

ADNOC has signed a long-term Heads of Agreement with IndianOil for 1 million metric tonnes per annum of liquefied natural gas (LNG) from its Ruwais LNG project in Abu Dhabi.

The latest Emissions Monitoring Report from the NSTA shows that progress has been made and the 2030 target is within reach, but more work is needed to ensure that industry meets and surpasses key emissions targets and gets on long-term reduction trajectories.

The combined solution will address challenges in locating, re-entering and re-abandoning legacy wells that penetrate, or pass through, offshore oil and gas reservoirs or saline aquifers that have been earmarked to be repurposed for carbon dioxide (CO2) or hydrogen storage.

The UK government’s newly announced proposal to grant carbon dioxide transport and storage licenses to Liverpool Bay CCS Limited (Hynet) and Net Zero North Sea Storage Limited - the East Coast Cluster round Humberside and Teesside as been welcomed by the country’s largest offshore trade group.

The plant, located in offshore Akwa Ibom state in the oil-rich Niger Delta, is expected to be commissioned in 2028, with first gas a year later. It will produce LNG, petroleum gas and condensate.

The oil major plans to take as much as 2 million tons of CO2 emissions from CF Industries Holdings Inc.’s ammonia plant in Donaldsonville, Louisiana, and pump them into permanent storage in rock formations deep below the ground.

Worley and researchers at Princeton University’s Andlinger Center for Energy and the Environment have identified that a lack of trust between project stakeholders is slowing the pace of infrastructure delivery that is critical to net zero.

The U.S. Energy Department granted a five-year license Tuesday to Wes Edens’ company New Fortress Energy Inc., which is developing the small-scale LNG export plant known as Fast LNG offshore near Altamira, Mexico. The approval is key for U.S. LNG export developers to sell LNG globally to countries in Europe, Japan and China.

ADNOC is the third major industrial partner to join Exxon’s project, which would produce 1 Bcf of hydrogen per day and 1 million tons of ammonia a year. JERA Co., Japan’s biggest power, provider signed a non-binding agreement in March to buy half of the ammonia and in June Air Liquide SA said it could use its pipelines.