Storage
Monetizing carbon capture, transport and storage
At the time of this publication, Gulf Energy Information’s Global Energy Infrastructure (GEI) database was tracking more than 440 active carbon capture projects around the world. These projects include carbon capture projects, hubs and storage facilities. An alternative market for the captured carbon and subsequent credits are the commitments by companies to reduce overall emissions, or even achieve net-zero operations. Such a company may choose to purchase CO2 removal credits to offset their emissions. These credits can be generated and sold by capturing emitted carbon and permanent sequestration. For either system to work, a digital trail must be accurate for companies to buy and sell carbon, as explained in this work.
Mabanaft to convert tanks at the Port of Hamburg to methanol storage
Mabanaft plans to convert four of its tanks at the Blumensand tank terminal in the Port of Hamburg over the next two years to methanol and facilitate the import of low-carbon methanol to northern Germany.
Oman Oil Marketing Co. and TFG Marine establish bunker fuel supply JV
Oman Oil Marketing Co. (OOMCO) and TFG Marine, a leading international marine fuel joint venture (JV) founded by Trafigura, Frontline and Golden Ocean, have established a bunker fuel JV to supply vessels visiting Oman’s ports of Duqm, Muscat and Sohar.
EIA: U.S. crude stocks fall, gasoline and distillate inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.
Poland's Orlen plans to invest up to nearly $92 B by 2035
The company aims to meet all of Poland's domestic natural gas demand over the next decade by increasing production and boosting LNG contracting, as well as adding gas-fired power generation capacity, energy storage and other infrastructure.
EIA: U.S. crude stocks fall, fuel inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.
Xodus Group environmental statement supports Northern Endurance Partnership move to financial close
A key planning document, developed by Xodus Group, helped to pave the way for a major carbon capture and storage (CCS) project to become the UK’s first to reach financial close.
EIA update: U.S. crude stocks fall, gasoline and distillate inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending December 27, the U.S. Energy Information Administration (EIA) said on Thursday.
Ukraine hits Russian oil depot in Smolensk region
The Ukrainian military said on Tuesday its forces had hit a Russian oil depot in the western Smolensk region, setting fire to tanks storing oil products.
EIA: U.S. crude stocks fall on strong refining demand
U.S. crude stocks drew down more than expected on strong refinery runs, while distillate inventories fell thanks to higher truck traffic during the holiday season and cold weather, data from the U.S. Energy Information Administration (EIA) showed on Friday.
- Honeywell to supply integrated automation systems for flagship UK carbon capture projects 12/4
- Aduro Clean Technologies collaborates with ECOCE to advance plastics recycling in Mexico 12/4
- FincoEnergies launches GoodFuels B15: A reliable and compliant drop-in biofuel for inland shipping 12/4
- DevvStream, Southern Energy Renewables target low-cost, carbon-negative SAF and green methanol 12/4
- AFPM: Revised fuel economy standards would put CAFE back on solid legal footing 12/4
- ITT introduced a secondary containment system for its ICM metallic magnetic drive process pump 12/4
