Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  




Subscribe to our free daily newsletters



OIL AND GAS
Statoil, Shell and Total to store CO2 offshore Norway
by Daniel J. Graeber
Washington (UPI) Oct 1, 2017


Norwegian energy company Statoil said Monday it was leading a partnership aimed at advancing Paris climate efforts through carbon capture and storage.

Statoil said it would lead a project alongside the Norwegian subsidiaries of Royal Dutch Shell and French supermajor Total in storing carbon dioxide captured from industrial facilities in eastern Norway at an offshore site.

"Statoil believes that without carbon capture and storage, it is not realistic to meet the global climate target as defined in the Paris agreement," Irene Rummelhoff, Statoil's executive vice president for new energy solutions, said in a statement.

The International Energy Agency described carbon capture and storage as a necessary addition to other low-carbon energy technologies meant to drive down global greenhouse gas emissions. The process involves capturing carbon dioxide from sources like power plants and storing it in such a way that it won't enter the atmosphere.

To meet the benchmarks outlined in the Paris climate agreement, the IEA said CCS "will not be optional."

It's been 20 years since the start of the first large-scale CCS project, at Sleipner in Norway. The United States, meanwhile, hosts the largest CCS project of its kind, the Petra Nova project in southwest Houston.

The first phase of the Statoil-led project would transport CO2 captured from facilities onshore and inject it near the Troll oil field on the Norwegian continental shelf. Statoil said there are three possible locations under consideration for the receiving terminal and a final decision will be made later this year.

"Shell sees CCS as a transformative technology that can significantly reduce emissions from those industrial sectors that will continue to rely on hydrocarbons for decades to come," added Monika Hausenblas, Shell's executive vice president for environment and safety.

Statoil last year was tasked by the government in Oslo to study ways to store carbon dioxide on the country's continental shelf. The company was awarded a contract from the Norwegian Ministry of Petroleum and Energy to carry out feasibility studies at three offshore locations. It marked the first study of its kind in Europe.

Statoil valued the government contract at around $3.9 million.

OIL AND GAS
Oil prices in soft decline early Friday in weak consumer spending
Washington (UPI) Sep 29, 2017
Data showing weak consumer spending in the United States and signs of oil in the Kurdish north of Iraq helped push crude oil prices slightly lower early Friday. Crude oil prices have been on the rise for most of September. Early support came from hurricanes that hit the southern United States and upended seasonal factors that would normally send oil prices lower. Parts of the U.S. refin ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Algae with light switch

Researchers develop 3-D-printed biomaterials that degrade on demand

Illinois researchers develop gene circuit design strategy to advance synthetic biology

Copper catalyst yields high efficiency CO2-to-fuels conversion

OIL AND GAS
India gets lending support for a greener grid

A little tension yields enormous solar crystals

International Trade Commission finds injury in solar industry dispute

France gets green light for green support schemes

OIL AND GAS
Germany gets economic lift with wind energy

French energy company to build wind power sector in India

Finding better wind energy potential with the new European Wind Atlas

Last of the 67 turbines for a British wind farm installed

OIL AND GAS
BWXT awarded contract extension for nuclear waste facility operations

UAE to open Arab Gulf's first nuclear reactor in 2018

Russia floats out powerful nuclear icebreaker

Against rising headwinds, UK pushes ahead with nuclear projects

OIL AND GAS
Science denial not limited to political right

Canada Tory MP called out for referring to minister as 'climate Barbie'

US looks to work with Paris climate accord 'partners': Tillerson

Climate risk classification created to account for potential 'existential' threats

OIL AND GAS
German police arrest another Audi employee over 'dieselgate'

Tata wins bid to make electric cars for Indian government

Paris experiments with 'car-free day' across the city

China delays electric car quota until 2019

OIL AND GAS
Iraq says defeats IS infiltration near Ramadi

Iraq since the US-led invasion

Iraq hangs 42 prisoners on death row: ministry

Iraq forces oust IS from northern town in drive on Hawija

OIL AND GAS
US labels N. Korea 'war' claim absurd, as Pyongyang boosts defences

Chinese traders get down to business at Pyongyang trade show

Trump Twitter tirades deepen Asia alarm over conflict risk

Trump ignores pleas to calm North Korea tensions




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement