Occidental has announced an agreement with an affiliate of SK Trading International, a subsidiary of SK Innovation Co. Ltd., for the first net-zero oil (1) created by combining crude oil together with environmental attributes generated from the sequestration of atmospheric carbon dioxide (CO2) captured via 1PointFive’s planned large-scale Direct Air Capture (DAC) facility and sequestered in Occidental’s enhanced oil recovery (EOR) reservoirs in the U.S. Permian Basin. SK Trading International expects to convert the net-zero oil into net-zero products.
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The Business Network for Offshore Wind, a leading non-profit advocate for offshore wind power and supply chain growth, will host its ninth annual International Offshore Wind Partnering Forum (IPF) April 26-28 in Atlantic City, New Jersey.
Talos Energy Inc. has announced that Bayou Bend CCS LLC, Talos's venture with Carbonvert, Inc. (the "Venture"), executed definitive lease documentation with the Texas General Land Office ("GLO"), formalizing the previously announced carbon capture and sequestration ("CCS") site located offshore Jefferson County, Texas, near the Beaumont and Port Arthur, Texas industrial corridor.
Aquatec and LMS Announce Upcoming Collaboration to Combine Subsea Communications and Load Monitoring
Basingstoke-based subsea communications experts Aquatec Group and Aberdeen-based load monitoring pioneers Load Monitoring Systems (LMS) have announced the launch of a collaboration between the two development environments in a move designed to reduce the cost of subsea installation, maintenance, and decommissioning in the Offshore Wind and Oil & Gas industry.
Saipem has been awarded a contract by Aker BP for a drilling campaign offshore Norway. The operations are expected to start from the end of Q4 2022, upon termination of the works in which Scarabeo 8 is currently engaged.
Equinor and its partners, together with Norwegian authorities, take new steps to meet the gas demand in Europe. Increased production permits allow the high gas production from the Troll, Oseberg and Heidrun fields to be maintained through the summer months.
Claxton, the lead brand for Acteon’s drilling and decommissioning segment, has signed an agreement with Oceaneering to acquire decommissioning personnel and assets from them.
bp and Eni confirmed that they have signed an agreement to form a new 50/50 independent company, Azule Energy, a bp and Eni company, through the combination of the two companies’ Angolan businesses. The agreement follows the memorandum of understanding between the companies agreed in May 2021.