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ExxonMobil secures largest CO2 offshore storage site in the U.S.

Exxon Mobil Corporation has executed the largest offshore carbon dioxide (CO2) storage lease in the U.S. with the Texas General Land Office (GLO). The over 271,000-acre site complements the onshore CO2 storage portfolio ExxonMobil is developing, and further solidifies the U.S. Gulf Coast as a carbon capture and storage (CCS) leader. “This is yet another sign

Ara Partners Launches New Strategy to Decarbonize Conventional Energy Value Chain in Partnership with HF Capital

Ara Partners, a global private equity and infrastructure firm that is decarbonizing the industrial economy, today announced the launch of a new strategy, Ara Energy Decarbonization, to decarbonize conventional energy assets across North America. Ara Energy Decarbonization is being launched in partnership with the Haslam family through its family office, HF Capital. The Haslam family,

GlobalData: Oil and gas industry slows its energy transition

The global oil and gas industry is now refocusing on fossil fuels and away from the energy transition as heightened energy concerns amid the Ukraine war place more emphasis on security, according to a new GlobalData report. As such, many companies have scaled back their focus on technologies and investments that would help them decarbonise

Kimray and Kathairos Forge Strategic Partnership to Deliver Zero-Emission Solutions for the Oil and Gas Industry

Kimray and Kathairos, have announced a strategic partnership aimed at providing scalable zero-emissions solutions to oil and gas operators. Together, Kimray and Kathairos are powering two critical processes of our time – energy production and energy decarbonization. Their collaboration provides the energy industry with a path to meeting both voluntary and mandatory emissions targets. A Singular Solution for

1PointFive’s South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding

1PointFive, a wholly owned subsidiary of Occidental, announced today that the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub. The award is a milestone in furthering commercial-scale DAC in the United States and validation

B.C. cuts harmful methane emissions from oil and gas sector

The Province is building on the progress it has made to cut harmful methane emissions by strengthening its regulations for the oil and gas sector. These regulations will help to make B.C.’s economy cleaner and protect people and communities from the adverse effects of climate change. “British Columbians are on the front lines of climate change, facing

Carbon Clean and Petronas CCS Solutions ink MOU

Carbon Clean, a leader in revolutionising carbon capture solutions, today announced a Memorandum of Understanding with PETRONAS CCS Solutions , a subsidiary of Petroliam Nasional Berhad (PETRONAS) to jointly collaborate and evaluate Carbon Clean’s carbon capture and storage (“CCS”) technology. Under the MOU, Carbon Clean and PCCSS will collaboratively assess carbon capture technology, aiming to

Space Flight Laboratory (SFL) Awarded Contract by GHGSat to Develop Two Additional Greenhouse Gas Monitoring Microsatellites

Space Flight Laboratory (SFL) has been contracted by GHGSat of Montreal to develop two additional greenhouse gas monitoring microsatellites – GHGSat-C12 and C13. SFL will develop the new satellites on its low-cost, high-performance 15-kg NEMO bus, the same used to build the first nine GHGSat spacecraft. GHGSat is the world leader in detecting and measuring

RBC unveils retail branch retrofit plan to help reduce carbon emissions

While you may not see it, your local RBC bank branch is working towards being powered differently in the coming years. A multi-million-dollar plan to retrofit RBC’s Canadian 1,200 branch network aims to cut 10,000 tonnes of onsite carbon emissions from its operational footprint. The bank will embark on a major initiative that will accelerate

PetroChina joins Oil and Gas Decarbonisation Charter

PetroChina, a unit of the state-owned China National Petroleum Corporation, has become one of the 53 signatories of the Oil and Gas Decarbonisation Charter (OGDC), according to Dr Sultan Al Jaber, COP28 President, The National reported. PetroChina, which accounts for 3.5% of the world’s oil production, joining the charter marks a “significant moment for Chinese

1PointFive Announces Agreement to Sell 500,000 Metric Tons of Direct Air Capture Carbon Removal Credits to Microsoft

1PointFive, a carbon capture, utilization and sequestration (CCUS) company, has entered into an agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to support Microsoft’s carbon removal strategy. The agreement is the largest single purchase of CDR credits enabled by Direct Air Capture (DAC) to date and

ADNOC and JBIC Sign $3 Billion Green Financing Agreement

Abu Dhabi National Oil Company has signed a general agreement with the Japan Bank for International Cooperation for a US$3 billion green financing facility. It follows the signing of a Heads of Agreement between ADNOC and JBIC in January this year and builds on their long-standing successful partnership. The credit facility is part of JBIC’s

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