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SBM Offshore and Ocean-Power Partner for Offshore Power Generation Concept with CO2 Capture and Storage

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By SBM Offshore

July 10, 2024

CaptureStorage

SBM Offshore and Ocean-Power announced the signing of a Memorandum of Understanding with the intent to collaborate on a floating power generation hub with CO2 capture and storage. The purpose of the partnership is to assess the technical feasibility and commercial readiness to collaborate on the concept, exclusive to the Norwegian Continental Shelf and United Kingdom Continental Shelf.

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In new research published in ACS Sustainable Chemistry & Engineering, the team developed a technique for ultrafast formation of carbon dioxide hydrates. These unique ice-like materials can bury carbon dioxide in the ocean, preventing it from being released into the atmosphere.

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Elemental Energies, announced its acquisition of Norway-based Well Management and Consultancy company, Well Expertise AS. The acquisition forms one of the world's largest specialist wells, subsurface and project management companies, boasting more than 230 experts worldwide.

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A newly designed catalyst created by U of T Engineering researchers efficiently converts captured carbon into valuable products — even in the presence of a contaminant that degrades the performance of current versions.

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ATCO EnPower announced, that together with partner Shell Canada Limited, the Final Investment Decision (FID) has been made to proceed with the first phase of the Atlas Carbon Storage Hub.

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The Iowa Utilities Board (IUB) announced the approval of Summit Carbon Solutions base pipeline project. The project includes 57 ethanol plants across five states.

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Enerflex and BASF have entered into a memorandum of understanding to jointly facilitate the commercial scale deployment of carbon capture, utilization and storage (CCUS) applications.

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A methodology developed by renewable energy pioneers Drax and Stockholm Exergi has been validated by DNV, an organization which delivers world-renowned testing, certification and technical advisory services to the energy sector.

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Piñon Midstream, LLC announced that it has received approval from the United States Environmental Protection Agency for its monitoring, reporting and verification plan for the permanent sequestration of carbon dioxide, a greenhouse gas, in its two acid gas injection wells located at Piñon’s Dark Horse Treating Facility in Lea County, New Mexico.

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Carbonethic Holdings Inc., a leader in the development of carbon sequestration projects, announced a new forest management project with Dease River First Nation. Located near Dease Lake in northwestern British Columbia, this initiative aims to enhance sustainable forest practices and community engagement.

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Southern University and A&M College will join forces with Rice University, one of the nation’s foremost research institutions, to encourage students from underrepresented communities to pursue careers in Science, Technology, Engineering and Mathematics (STEM). During the camp rising sixth- through twelfth-grade students will learn about carbon capture and storage (CCS).

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Canada Growth Fund Inc., Gibson Energy Inc., and Varme Energy Inc. announced a strategic partnership to accelerate the development of Canada's first waste-to-energy facility with carbon capture technology. If successful, the Project will be located on Gibson land in the Heartland-area and will have the capability to process 200,000 tons per annum of municipal solid waste, diverting residential garbage from landfill.

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Technip Energies, in consortium with Turner Industries, has been awarded the Engineering, Procurement, and Construction contract by ExxonMobil Low Carbon Solutions Onshore Storage LLC. Technip Energies will oversee the engineering and procurement while Turner Industries will be responsible for the construction.

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Wood has completed the front-end engineering and design scope for the first phase of Aramco’s Accelerated Carbon Capture and Sequestration project in Saudi Arabia, expected to be the world’s largest carbon capture and sequestration (CCS) hub, upon completion.

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Synergia Energy Limited announced the commencement of a farm out process concerning its Medway Hub Camelot CCS project in the UK. Synergia and its partner, Wintershall Dea, each hold a 50% interest in the CS019 Camelot carbon storage license, with Synergia as designated operator.

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ADNOC announced the acquisition of a 11.7% stake in Phase 1 of NextDecade Corporation’s Rio Grande LNG, a leading liquefied natural gas (LNG) export project located in Texas, United States, which is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade announced that they have entered into a 20-year LNG offtake agreement from RGLNG Train 4.

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Funding from President Biden’s Investing in America Agenda will help connect sources of carbon dioxide to locations for geologic storage or conversion through multiple transport modes.

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Worley has been selected to design and evaluate CO2 gathering, handling and sequestration facilities located along the Gulf Coast in Southeast Texas. Bayou Bend CCS LLC is a joint venture owned by Chevron, Equinor, and TotalEnergies to develop a carbon capture and storage facility in Southeast Texas.

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Anew Climate, LLC announced a marketing agreement with Summit Carbon Solutions. Under the terms of the agreement, Anew will market carbon dioxide (CO2) removal credits generated from Summit Carbon’s novel Biomass with Carbon Removal and Storage project, which is expected to capture and sequester more than 160 million tons of biogenic carbon dioxide emissions from 50+ biorefineries across the Midwestern United States over the next decade.

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Climeworks starts operations of its to-date largest direct air capture and storage (DAC+S) plant, Mammoth, in Iceland. It is the second commercial DAC+S facility of Climeworks and is about ten times bigger than its predecessor plant, Orca.

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enfinium, one of the UK’s largest energy from waste operators, has published a detailed plan to both decarbonize its own operations and deliver carbon removals at scale to help the UK achieve its net zero targets.

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CGG has signed a Memorandum of Understanding with Baker Hughes to facilitate the parties exploring jointly offered carbon capture & storage (CCS) solutions. The collaboration and proposed commercial alliance intends to support the rapid increase of CCS projects that is underway by providing high-quality and fully integrated end-to-end solutions to screen, select, characterize and monitor potential carbon storage sites worldwide.

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TotalEnergies and China Petroleum and Chemical Corporation (“SINOPEC”) signed a strategic cooperation agreement to deepen their collaboration, notably in low-carbon energies. In particular, the two companies plan to combine their R&D expertise in biofuels, green hydrogen, CCUS and decarbonization.

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Veolia has partnered with UK biotechnology startup, FabricNano, to apply enzymes to rocks to trial faster, permanent carbon dioxide removal directly from the atmosphere. With this world-first trial pairing biology with geology to accelerate rock weathering for carbon sequestration, Veolia aims to reduce the energy consumption, emissions and timescales for carbon removal by utilizing enzymes to accelerate the natural weathering process.

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Stockholm Exergi announced that it has signed a contract with Microsoft covering 3.33 million tons of permanent carbon removals from bio-energy with carbon capture and storage (BECCS) at Värtan, Stockholm. The agreement represents the world's largest permanent removals deal to date.

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Senator John Hoeven announced a $5.1 million award to advance carbon capture, utilization and storage (CCUS) monitoring at the Great Plains Synfuels Plant. The monitoring and sequestration project, which is being led by the Energy & Environmental Research Center (EERC), is key to the development of commercially-viable CCUS.

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Enteq Technologies has kicked off an extensive multi-well testing programme, having secured a long-term contractual relationship in Australia. Enteq’s SABER Tool (Steer-At-Bit Enteq Rotary Tool) and team arrived in Australia in late March, before testing commenced in April.

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Topsoe, a global leader in carbon emission reduction technologies, has signed a contract with CF Industries, the world’s largest producer of ammonia, for the licensing and engineering supporting a front-end engineering and design (FEED) study of a new low-carbon ammonia plant in Louisiana.

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Wyoming Hydrogen and Carbon Capture Project Utilizes Cutting-Edge Technology to Generate Clean Energy and Preserve Jobs

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Leveraging Subsurface Oil and Gas Field Data for Carbon Capture and Storage

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