Offshore drilling company Valaris has secured approximately $715 million in new contracts and extensions since its last fleet status report issued three months ago.Contract backlog of $715 million excludes lump sum payments such as mobilization fees and capital reimbursements…
The final investment decision has been reached for Porthos, a major carbon transportation and storage project in the Netherlands.Porthos is a joint venture of EBN, Gasunie, and the Port of Rotterdam Authority. Porthos will provide transport…
Offshore installation contractor Allseas has won a contract to construct a subsea pipeline for the recently sanctioned Porthos carbon capture and storage (CCS) project in the Port of Rotterdam.Porthos, a partnership between EBN, Gasunie, and the Port of Rotterdam Authority…
MAN Energy Solutions has won the contract for the delivery of three integrally-geared compressor trains (IGC) for Porthos, the first large-scale carbon capture and storage (CCS) project in the Netherlands. The Port of Rotterdam Authority, Energie Beheer Nederland B…
Denmark, France, Germany, Sweden and the Netherlands have signed the Aalborg Declaration that aims at joint European cooperation on CO2 capture, use and storage (CCUS).CO2 capture, use and storage must be scaled up, both nationally and at European level…
The Netherlands' highest court on Wednesday ruled that construction of a major carbon capture project in the Rotterdam port area can go ahead, despite objections by environmental activists.The planned 'Porthos' project would be Europe's largest carbon capture…
Offshore drilling company Valaris has won a contract with oil firm TAQA offshore the Netherlands for Valaris JU-123 offshore drilling rig.The contract for the heavy-duty harsh environment jack-up rig is expected to start in the fourth quarter of 2021…
The Dutch government on Tuesday confirmed that it has awarded 2.1 billion euros ($2.56 billion), nearly half of its 2021 annual budget for sustainable projects, to a project aimed at capturing and storing carbon emissions from Rotterdam Port…
Oil and gas company Neptune Energy on Thursday launched a feasibility study into plans for a large-scale offshore Carbon Capture and Storage (CCS) project in the Dutch North Sea, with the potential to safely store 120-150 million tonnes of CO2…
After years of expensive carbon capture and storage (CCS) studies and test centers, Europe has now reached a phase where large-scale CCS developments make sense financially, Norwegian energy market intelligence group Rystad Energy has said.In a report on Monday…
A seismic shift in the dialogue around big oil and climate has occurred in the past 12 months. It’s a change in how big oil is orientating itself around what many call the energy transition. Climate goals - governmental, international and industry…
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